AI in construction market to grow from USD 329.3 Million in 2017 to USD 1,831.0 Million by 2027, at a Compound Annual Growth Rate (CAGR) of 35% during the forecast period.
The is expected that the growing demand for AI-based solutions and platforms, the need for more safety measures at construction sites, and the capabilities of AI solutions and services to reduce production costs will drive the growth of AI in the construction market. The component segments have been further subdivided into solutions and services. The solutions segment is expected to have a larger market size.
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The AI in construction market includes various AI vendors, such IBM (US), Microsoft (US), Oracle (US), SAP (Germany), Alice Technologies (US), eSUB (US), Smartvid.io(US), Aurora Computer Services(England), Autodesk (US), and Building System Planning (US).
Market By Technology
- Machine learning and deep learning
- Natural Language Processing (NLP)
AI in Construction Market By Stage
- Pre-construction
- Construction stage
- Post-construction
Market By Industry Type
- Small and Medium-sized Enterprises (SMEs)
- Large enterprises
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Scope of the Report
The research study analyzes the global Artificial Intelligence In Construction industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Artificial Intelligence In Construction Market Report
1. What was the Artificial Intelligence In Construction Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Artificial Intelligence In Construction Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Artificial Intelligence In Construction Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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