Internet of Things (IoT) in Construction Market Overview, Merger and Acquisitions
- elizabethsanchez28
- Aug 31, 2021
- 4 min read
The new report published by Emergen Research, titled “Global Internet of Things (IoT) in Construction Market”, offers in-depth scrutiny of the Internet of Things (IoT) in Construction market landscape and its growth prospects over the forecast years. The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Internet of Things (IoT) in Construction market.
Wireless concrete maturity sensor is an IoT-based technology, which is increasingly being adopted in the construction industry. Ability of wireless concrete maturity sensors to deliver real-time notifications about temperature and strength of concrete and minimize reliance of the developer on third-party labs by eliminating field-cured cylinders is expected to further deployment in the construction industry.
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Some Key Highlights From the Report
· In June 2020, Caterpillar Inc. announced the acquisition of selected assets and hired employees from Marble Robot, Inc., which is a San Francisco, California-based company dealing in robot and autonomy technology solutions. The acquisition is part of the automation and automation strategy of the company. With the help of the acquisition, the company can leverage the deep expertise of the new team and bring scalable solutions to meet the changing needs across the construction industry.
· Software segment accounted for largest revenue share in 2020. Rising investments by major players for development of software that helps in monitoring construction site, enables remote equipment control and people management, and to track exact location of personnel among workforce is expected to drive revenue growth of this segment.
· Key players in the market include Caterpillar Inc., Autodesk, Oracle Corporation, Trimble, KORE Wireless Group, WorldSensing, Giatec Scientific Inc., Losant IoT, Sigfox, and CalAmp.
Internet of Things (IoT) in Construction Market Segmentation:
Emergen Research has segmented the global Internet of Things (IoT) in construction market on the basis of components, application, end-use, and region:
· Components Outlook (Revenue, USD Billion; 2018–2028)
o Software
o Hardware
o Services
· Application Outlook (Revenue, USD Billion; 2018–2028)
o Fleet Management
o Predictive Management
o Safety Management
o Remote operations
o Others
· End-use Outlook (Revenue, USD Billion; 2018–2028)
o Residential
o Commercial
Regional Analysis:
The global Internet of Things (IoT) in Construction market report broadly considers the market mechanism of both the developing and developed regions of the market. This section provides crucial data and information about the different market regions, a country-wise analysis of the Internet of Things (IoT) in Construction industry, and an assessment of the market reach and consumer base in the key geographical regions to enable readers to formulate effective business expansion strategies.
Major Geographies Encompassed in the Report:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Objectives of the Global Internet of Things (IoT) in Construction Market Study:
· An in-depth study of the evolving market sectors and the growth & penetration status of the global Internet of Things (IoT) in Construction market
· COVID-19 Impact Analysis to highlight the major opportunities and challenges
· Strategic recommendations to help readers formulate lucrative business strategies
· Identification of the emerging players and their tactical approaches to expand market presence
· An extensive study of the product portfolios of the major market players and their regional presence
· A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures
Table Of Content:
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2021-2028 Chapter 3. Key Insights Chapter 4. IoT in Construction Market Segmentation & Impact Analysis 4.1. IoT in Construction Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Rapid urbanization and growth in construction industry in developing countries 4.2.2.2. Rising need for IoT-based automation for enhanced productivity 4.2.2.3. Increasing labor shortage 4.2.2.4. Rising need to enhance safety and security issues 4.2.2.5. Growing trend of digital construction 4.2.2.6. Emergence of AI and ML in construction sector 4.2.3. Market restraints analysis 4.2.3.1. Data security and privacy issues 4.2.3.2. High initial investment 4.2.3.3. Disruptions in the construction industry due to the pandemic 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
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