North America Region To Witness Robust Growth In IoT in Construction Market Through 2025

The report “IoT in Construction Market by Offering (Hardware, Software, Services), Project Type (Commercial, Residential), Application (Remote Operations, Safety Management, Fleet Management, Predictive Maintenance, Others), and Region — Global Forecast to 2024”, is projected to grow from USD 7.8 billion in 2019 to USD 16.8 billion by 2024, at a CAGR of 16.5% between 2019 and 2024. The growth of the IoT in construction market is primarily triggered by the growing need to avoid project delays through better productivity and safety.

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Key players operating in the IoT in construction market are Caterpillar Inc. (US), Oracle Corporation (US), Hitachi Ltd. (Japan), CalAmp Corp. (US), Sigfox (France), and Autodesk Inc. (US).

Browse 65 market data Tables and 36 Figures spread through 113 Pages and in-depth TOC on “IoT in Construction Market”

View detailed Table of Content here — https://www.marketsandmarkets.com/Market-Reports/iot-construction-market-214544022.html

The software segment is estimated to account for the major market share during the forecast period.

One of the major reasons behind the high market share of the software segment is the growing adoption of BIM across the globe. Additionally, continuous focus of the market players to develop software with multiple functionalities, such as visibility to employers about the location of their employees, their performance at site, and activities, are driving the demand for this segment.

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