IoT in Construction Market
IoT in Construction Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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IoT in Construction Market Size and Growth
The IoT in Construction market is experiencing robust growth, driven by increasing demand for operational efficiency and safety. Valued at approximately $14 billion in 2023, the market is projected to expand significantly, with innovative technologies enhancing project management, equipment monitoring, and resource allocation, creating a more connected and productive construction environment.
Companies Covered
(Covid 19 Impact Covered)
◍ PTC (ThingWorx)
◍ Cisco (Jasper)
◍ Microsoft
◍ IBM
◍ Intel
◍ SAP
◍ Oracle
◍ Amazon
◍ Telit
◍ General Electric
◍ Gemalto
◍ Zebra Technologies
◍ AT&T
The IoT in Construction Market features major players like PTC, Cisco, Microsoft, Google, IBM, and others, leveraging IoT for enhanced project management, realtime monitoring, and predictive analytics. These companies enable efficiencies, improve safety, and reduce costs, driving market growth. Selected revenue figures include:
- Microsoft: $211 billion
- IBM: $60 billion
- Cisco: $51 billion
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Market Segmentation
By Application
Remote Operations
Safety Management
Fleet Management
Predictive Maintenance
Others
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By Product
Hardware
Software
Services
Market Growth
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$ 30.59 Billion
