AI in Construction Market, Rising Demand and Industry Key Players Revenue Estimation, Sales and Growth Opportunities by Future || Alice Technologies. (U.S.), Autodesk (U.S.)
Market Scenario
In
its research report, Market Research Future (MRFR), asserts that the AI in
Construction Market 2020 is slated to grow exponentially over the review
period, securing a considerable market valuation of USD 2.01 billion, and a
healthy 35% CAGR over the review period.
Novel
coronavirus has actually AI in Construction Market to open new avenues for those firms
that are on the lookout for solutions that are reliable, efficiently managed,
scalable, and are subscription-based, to remain more focused on the core
business. The AI in Construction Market is bearing lesser impact of the
COVID-19 outbreak compared to most other segments of the tech world.
In
a nutshell, COVID-19 impact on managed services has been fruitful, with the
market growth enhanced than before. Given the prevalent lockdown situation,
managed services vendors are now investing heavily in remote-centric worker
solutions, which can make the market highly resilient in the coming years, even
as the world is currently rushing to achieve a COVID-19 breakthrough.
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Segmentation:
The
AI in construction market is differentiated by component, technology,
organization size, deployment, stage, and application.
On
the basis of stage, the market is segmented into construction stage,
pre-construction, and post-construction.
Based
on the component, the AI in construction market is bifurcated as solutions and
services. The solution segment is categorized as demand forecasting, virtual
assistant, revenue estimation, design & planning, predictive maintenance,
and others. The service sub-segment comprised implementation services,
training & consulting, and other support services.
In
terms of technology, the market is segregated into machine learning & deep
learning, neural networks, and natural learning programming (NLP).
Based
on the deployment, the market is divided into on-cloud and on-premises.
Based
on the organization size, the market is bifurcated into large enterprises, and
small & medium enterprise (SMEs).
On
the basis of application, the market is categorized as, project management,
schedule management, risk management, equipment management, building
information management, and supply chain management.
Competitive Outlook:
The
major market players operating in the global market as identified by MRFR
are Oracle Corporation (U.S), IBM Corporation (U.S.), SAP SE (Germany),
Alice Technologies.(U.S.), Microsoft Corporation (U.S.), Autodesk (U.S.),
Aurora Computer Services(U.K), eSUB (U.S.), Smartvid.io(U.S.),and Building
System Planning (U.S.).
Some
other market players who are involved in AI construction market are Jaroop,
Deepomatic, Lili.Ai, Predii, Assignar, Coins Global, Beyond Limits, Doxel
Askporter, Bentley Systems, Plangrid, and Renoworks Software
Regional Analysis:
The
geographical overview of the global market has been analyzed in four major
regions, comprising the Asia Pacific, North America, Europe, and the rest of
the world.
On
the building industry, North America is believed to have substantial growth in
the AI, with the U.S. and Canada being the sector leading countries. Regional
domination is due to increased investment by companies such as IBM Corporation,
Oracle Corporation and many others, which invest directly in the advancement of
technologies such as neural networks and machine learning in research and
development.
However,
Asia Pacific is also expected to experience a strong market growth rate. The
leading countries in this field are China, Japan, South Korea and India. The
market growth is due to rise in demand by the region to improve smart city
projects which require better facilities that boost the real estate sector.
Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
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List of Tables
Table1 Global AI In
Construction Market: By Region, 2020-2027
Table2 North America AI
In Construction Market: By Country, 2020-2027
Table3 Europe AI In
Construction Market: By Country, 2020-2027
Continued…
List of Figures
FIGURE 1 Global AI In
Construction Software Market Segmentation
FIGURE 2 Forecast
Methodology
FIGURE 3 Porter’s Five
Forces Analysis of Global AI In Construction Software Market
Continued…
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