Artificial Intelligence in Construction Market Industry Analysis, Competitive Market Share & Forecast, 2022 – 2028
Artificial Intelligence in Construction Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Solution (Planning and Design, Virtual assistant, Revenue estimation, Monitoring and Maintenance, and Demand forecasting); Technology (Machine Learning (ML) and Deep Learning and Natural Language Processing (NLP)); and Application (Industrial, Infrastructural, Residential, and Commercial)
Artificial Intelligence in Construction Market Size, Share, Growth, Industry Trends research study involved the extensive usage of both primary and secondary data sources. Artificial Intelligence in Construction Market the research process involved the study of various factors affecting the industry, including market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers, and challenges.
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The infrastructure and construction industry is experiencing many changes owing to the gradual integration of innovative technology in order to improve productivity and maximize utility. The construction industry is widely adopting artificial intelligence in their processes. Artificial intelligence is where machines show their intelligence by utilizing algorithms to solve problems through inputted data. With the harnessing robotics, construction managers utilize intelligent machines that can operate routine tasks which were once done by personnel, such as bricklaying. Activities that hinder construction may utilize artificial intelligence to make improvements in quality, safety, productivity, and scheduling.
Some of the factors such as the shortage of construction labor and stringent safety regulations are propelling the growth of artificial intelligence in the construction market. Moreover, the growing construction activities due to smart city initiatives are further expected to offer significant opportunities for artificial intelligence in the construction market to grow. However, a low level of penetration is restricting the growth of artificial intelligence in the construction market.
Also, key Artificial intelligence in construction market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key development in the past five years. Some of the key players influencing the Artificial intelligence in construction market are Autodesk, Inc., BuildingSP, Inc., Doxel Inc., IBM Corporation, Intel Corporation, NEMETSCHEK SE, NVIDIA Corporation, Salesforce.com Inc., SAP SE, and Smartvid.io, Inc. among others.
Global Artificial Intelligence in Construction Market Research Report 2028 carries in-depth case studies on the various countries which are involved in the Artificial Intelligence in Construction Market. The report is segmented according to usage wherever applicable and the report offers all this information for all major countries and associations. It offers an analysis of the technical barriers, other issues, and cost-effectiveness affecting the market. Important contents analyzed and discussed in the report include market size, operation situation, and current & future development trends of the market, market segments, business development, and consumption tendencies. Moreover, the report includes the list of major companies/competitors and their competition data that helps the user to determine their current position in the market and take corrective measures to maintain or increase their share holds.
What questions does the Artificial Intelligence in Construction Market report answer about the regional reach of the industry
The report claims to split the regional scope of the Artificial Intelligence in Construction Market into North America, Europe, Asia-Pacific, South America & Middle East and Africa. Which among these regions has been touted to amass the largest market share over the anticipated duration
- How do the sales figures look at present How does the sales scenario look for the future
- Considering the present scenario, how much revenue will each region attain by the end of the forecast period
- How much is the market share that each of these regions has accumulated presently
- How much is the growth rate that each topography will depict over the predicted timeline
The scope of the Report:
The report segments the global Artificial Intelligence in Construction Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Artificial Intelligence in Construction Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
The report analyzes factors affecting Artificial Intelligence in Construction Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the three Artificial Intelligence in Construction market in these regions.
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- Highlights key business priorities to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Artificial Intelligence in Construction market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest to components, type, and end-users.