Artificial Intelligence (AI) in Construction Market was valued at US$ 325.7 million in 2018 and is expected to reach a value of US$ +1850.5 million for 2025 at a compound annual rate of +33% during the forecast period 2018-2025.
Artificial intelligence is the concept of machines that can perform tasks in a way that mimics the complex capabilities of human intelligence such as recognition, planning and decision making. The increase in digital data is also driving artificial intelligence in construction market. This encourages construction companies to adopt advanced analytical solutions to take full advantage of the huge amount of digital data and extract actionable information.
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Top Key Players:
- IBM (US),
- Microsoft (US),
- Oracle (US),
- SAP (Germany),
- Alice Technologies (US),
- eSUB (US),
- io (US),
- Aurora Computer Services (England),
- Autodesk (US),
- Building System Planning (US).
The primary regions covered in this report are North America, APAC, LMEA, and Europe. The study covers the depletion of these regions in terms of volume and value and offers an analysis based on end users, sales, and application.
On the basis of various vital market verticals such as the industrial volume, product estimating, manufacturing volume, dynamics of demand and supply, revenue and growth of rate in the market in each of the regions. This quick study scrutinizes the Artificial Intelligence (AI) in Construction Market and discloses an assessment of its growth and determination. The other outlook that was systematized is the analysis of the key products in the market by considering the large revenue of the manufacturers
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Mentioning about the growth drivers and restraints that offered a thorough segmentation of the Artificial Intelligence (AI) in construction market, which probes into the competitive landscape. It impacts on the market-leading meticulous tools to comprehend the predictions and downsides that is piled up for the players. It also states importance on different stratagems exercised by the companies in order to prosper.
This research report also covers:
- Analysis of established and new entrants
- Financial management
- Strategic planning of business resources
- Different case studies and practical evolution from c level professionals
- Applicable tools, methodologies, and standard operating procedures
- Global market forecast
- A detailed elaboration of market segments and sub-segments
- Different risks, challenges, threats and weaknesses in front of the market
- Approaches to discovering global opportunities, customers and potential customers.
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