The AI In Construction Market was valued at USD 466.9 million in 2020, and it is projected to be worth USD 2312.8 million by 2027, registering a CAGR of 33% during the period 2021 to 2027.
Artificial intelligence is the ability of machines to perform tasks and mimic human-like intelligence. Some primary uses of artificial intelligence are expert systems that aid in decision-making, speech recognition, natural language processing, and more. In recent years, artificial intelligence has had a huge impact on the field of construction. It is mainly used in the pre-build phase and can digitally plan and execute the model to be built with the help of artificial intelligence. It also helps with safety maintenance and monitoring along with maintenance systems on the construction site.
A full report of AI In Construction Market available at: https://www.orionmarketreports.com/ai-in-construction-market/58466/
Key Players
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).
AI In Construction Market- Segmentation
By Technology
• Machine learning and deep learning
• Natural Language Processing (NLP)
By Stage
• Pre-construction
• Construction stage
• Post-construction
By Application
• Project management
• Field management
• Risk management
• Schedule management
• Supply chain management
