Global IoT in Construction Industry Forecast up to 2024

  • Product Code:
    RP-ID-10078157
  • Published Date:
    Mar 2019
  • Region:
    Global
  • Pages:
    64
  • Category:
    Building & Constructions
  • Publisher:
    Infoholic Research
IoT in Construction Industry

The market research report provides a detailed market segmentation analysis of the IoT in Construction market by products (Hardware, Software, Services), by applications (Safety, MRO, Remote operations, Fleet management) and by region (Americas, EMEA, APAC). This market research report identifies many companies which includes Cisco, Caterpillar, Sigfox, Wipro, DroneDeploy, DAQRI, among others in IoT in the construction market.

Overview of IoT in the Construction Market

Infoholic Research’s report predicts, the global IoT in construction industry will grow at a CAGR of 35.98% during the forecast period 2017–2024.

There are several industries where IoT can be of great influence and construction industry is one among them. Some of the major areas where IoT could be deployed in construction industry are remote support and operation, equipment servicing, fleet management, fuel savings, and for BIM (building information modeling). With the implementation of IoT systems, the construction companies can save time and cost.

Global IoT market in construction industry is categorized based on the presence of diversified small and large vendors. As large players such as Cisco and Caterpillar are increasing their footprint, small vendors are competing with them in the global market by maintaining competitive pricing and customized product offering. By entering into alliances and strategic partnerships with other players in the market, the global vendors are expected to grow further during the forecast period.
Competitive Analysis and Key Vendors
Construction industry is one of the industries where IoT and digitalization are facing sluggish growth. However, features including data storage, remote access, and office-field data exchange are not new to the construction industry. The industry is gaining attention among major IoT solution providers and is expected to witness increasing investments in IoT during the forecast period.

The report comprises of analysis of vendor profile, which includes financial status, business units, key business priorities, SWOT, business strategies, and views. The report covers the competitive landscape, which includes M&A, joint ventures & collaborations, and competitor comparison analysis.

In the vendor profile section, for companies that are privately held, the financial information and revenue of segments will be limited.
The key players offering IoT solutions in construction industry globally include:
• Cisco
• Caterpillar
• Sigfox
• Wipro
• DroneDeploy
• DAQRI
• Construction Robotics
• Atlas RFID Solutions
• Pillar Technologies
• Losant
• Trimble Group
Americas is the largest contributor within the global IoT market in construction industry. The extent of adoption of IoT enabled devices is high in US and Canada. In Americas, the growth of IoT in construction sector is mainly attributed to the increasing use of IoT in modular construction and prefabricated building. Modular construction helps the construction companies to build smarter and greener buildings quickly. Companies can construct new buildings in half the time required as well as result in less wastage of resources compared to traditional methods.

The IoT in Construction Industry is categorized based on three Segments – Products, Applications, and Regions.
IoT in Construction Industry Market by Products
• Hardware
• Software
• Services
IoT in Construction Industry Market by Applications
• Safety
• MRO
• Remote operations
• Fleet management
IoT in Construction Industry Market by Regions
• Americas (Americas include North America and Latin America)
• EMEA (EMEA includes Europe, Middle East and Africa)
• APAC (APAC include East Asia, South Asia, Southeast Asia, and Oceania)
Benefits

The aim of this report is to define, describe, and forecast the IoT in construction market on the basis of segments, which include products, applications, and regions. In addition, it helps venture capitalists in understanding the companies better and make well-informed decisions. It is primarily designed to provide the company’s executives with strategically substantial competitor information, data analysis, and insights about the market, development, and implementation of an effective marketing plan.
Table of Contents
1 Executive Summary 10
2 Industry Outlook 12
2.1 Industry Snapshot 12
2.1.1 Industry Overview 12
2.1.2 Industry Trends 13
3 Market Snapshot 14
3.1 Total Addressable Market 14
3.2 Segment Addressable Market 14
3.2.1 PEST Analysis 17
3.2.2 Porter’s Five Force Analysis 18
4 Market Characteristics 19
4.1 Market Evolution 19
4.2 Market Segmentation 20
4.3 Market Dynamics 20
4.3.1 Drivers 21
4.3.1.1 Cost reduction in construction industry 21
4.3.1.2 Growing need for data analytics in construction industry 22
4.3.2 Restraints 22
4.3.2.1 Increasing government regulations on IoT 22
4.3.2.2 Growing threat of cyber attacks 22
4.3.3 Opportunities 23
4.3.3.1 Growing government support for construction industry 23
4.3.4 DRO – Impact Analysis 24
5 IoT in construction industry, By product 25
5.1 Overview 25
5.2 Hardware 25
5.3 Software 28
5.4 Services 30
6 IoT in Construction Industry, By Application 31
6.1 Overview 31
6.2 Remote operations 32
6.3 Fleet management 32
6.4 Safety 33
6.5 MRO 34
7 IoT in Construction Industry, By Geography 36
7.1 Overview 36
7.2 Americas 37
7.3 EMEA 37
7.4 APAC 38
8 Competitive Landscape 40
8.1 Competitor Analysis 40
8.2 Product/Offerings Portfolio Analysis 40
8.3 Market Developments 40
8.3.1 Expansions 40
9 Vendor Profiles 42
9.1 Cisco 42
9.1.1 Overview 42
9.1.2 Product Profile 43
9.1.3 Business Units 43
9.1.4 Geographic Revenue 44
9.1.5 Recent Developments 44
9.1.6 Business Focus 45
9.1.7 SWOT Analysis 45
9.2 Caterpillar 46
9.2.1 Overview 46
9.2.2 Product Profile 46
9.2.3 Business Units 47
9.2.4 Recent Developments 48
9.2.5 Business Focus 48
9.2.6 SWOT Analysis 48
9.3 Sigfox 49
9.3.1 Overview 49
9.3.2 Product Profile 49
9.3.3 Recent Developments 49
9.3.4 Business Focus 50
9.3.5 SWOT Analysis 50
9.4 Wipro 50
9.4.1 Overview 50
9.4.2 Product Profile 51
9.4.3 Geographic Revenue 52
9.4.4 Recent Developments 52
9.4.5 Business Focus 53
9.4.6 SWOT Analysis 53
10 Companies to Watch for 54
10.1 DroneDeploy 54
10.1.1 Overview 54
10.1.2 Product Profile 54
10.1.3 Analyst Opinion 54
10.2 Construction Robotics 55
10.2.1 Overview 55
10.2.2 Product Profile 55
10.2.3 Analyst Opinion 55
10.3 DAQRI 55
10.3.1 Overview 55
10.3.2 Product Profile 56
10.3.3 Analyst Opinion 56
10.4 Atlas RFID Solutions 56
10.4.1 Overview 56
10.4.2 Product Profile 56
10.4.3 Analyst Opinion 57
10.5 Pillar Technologies 57
10.5.1 Overview 57
10.5.2 Product Profile 57
10.5.3 Analyst Opinion 57
10.6 Losant 58
10.6.1 Overview 58
10.6.2 Product Profile 58
10.6.3 Analyst Opinion 58
10.7 Trimble Group 58
10.7.1 Overview 58
10.7.2 Product Profile 59
10.7.3 Analyst Opinion 59
11 Annexure 60
11.1 Report Scope 60
11.2 Market Definition 60
11.3 Research Methodology 60
11.3.1 Data Collation & In-house Estimation 60
11.3.2 Market Triangulation 61
11.3.3 Forecasting 62
11.4 Study Declarations 63
11.5 Report Assumptions 63
11.6 Stakeholders 63
11.7 Abbreviations 63


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Cisco
Caterpillar
Sigfox
Wipro
DroneDeploy
DAQRI
Construction Robotics
Atlas RFID Solutions
Pillar Technologies
Losant
Trimble Group
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