Artificial Intelligence in Construction Market Anticipated to Proliferate During the Forecast Period 2019 – 2027 | Major Industry Players – Autodesk, BuildingSP, Doxel, IBM Corporation, Intel Corporation, NEMETSCHEK SE, NVIDIA Corporation, Salesforce, SAP
The Industry Report “Artificial Intelligence in Construction Market” provides a clear picture of the Current Market Scenario which includes past and estimated future size with respect to value and volume, technological advancement, macro economical and governing factors in the market.
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.
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Key Players Influencing the Market
- Doxel Inc.
- IBM Corporation
- Intel Corporation
- NEMETSCHEK SE
- NVIDIA Corporation
- com Inc.
- SAP SE
The report aims to provide an overview of the global artificial intelligence in construction market with detailed market segmentation by solution, technology, application, and geography. The global artificial intelligence in construction market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the artificial intelligence in construction market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Artificial Intelligence in Construction market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Artificial Intelligence in Construction market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Artificial Intelligence in Construction market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the Artificial Intelligence in Construction market in these regions.
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Answers that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the Artificial Intelligence in Construction Market.
- Key market trends cracking up the growth of the Artificial Intelligence in Construction Market.
- Challenges to market growth.
- Key vendors of Artificial Intelligence in Construction Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Artificial Intelligence in Construction Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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