Global Artificial Intelligence (AI) in Construction Market 2019-2023

The artificial intelligence (AI) in construction market size will grow by USD 1.13 billion during 2019-2023. This report offers an analysis of the market by solution (software, services, and hardware) and geography (the Americas, APAC, and EMEA). The AI in construction industry report further presents in-depth insights into the growth prospects of the market by application (project management, field management, risk management, and others). The report analyzes the market’s competitive landscape and offers information on several companies including Autodesk, IBM, Microsoft, Oracle, and SAP.

Below are some of the key findings from this AI in construction market analysis report

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Global Artificial Intelligence (AI) in Construction Industry Overview

The increasing demand for data integration and visual analytics is one of the critical reasons that will drive the growth of AI in the construction market. The need for data integration solutions is increasing due to the growth in data proliferation and complexities. Several end-user industries are focusing on exploring and analyzing various types of data by adopting AI-powered video analytics systems. Additionally, they are also focusing on obtaining dynamic data representation by integrating their businesses with business analytics software.

End-user industries such as healthcare, energy, finance, construction, and advertisement sectors extensively rely on AI. As a result, investors are heavily investing in AI start-ups, which in turn, will increase M&A. This growing preference towards making huge investments in AI startups, coupled with the need for data integration and visual analytics will accelerate AI in construction market growth at a CAGR of over 28% during the forecast period.

Top artificial intelligence (AI) in construction companies covered in this market research report

The AI in the construction market is concentrated. Companies in this market are leveraging advanced technologies to offer high-quality products to meet the evolving needs of the end-user industries. By providing a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this AI in construction market forecast report will allow the clients to identify new growth opportunities and design innovative strategies to improve their share in the market.

The report offers a complete analysis of various companies including:

• Autodesk
• IBM
• Microsoft
• Oracle
• SAP

Artificial intelligence (AI) in construction market segmentation based on geographic regions

• Americas
• APAC
• EMEA

EMEA will contribute to the highest AI in construction market share throughout the forecast period.  The ability of AI technologies to construct buildings that comply with the regulatory standards is one of the primary reasons for the high growth of artificial intelligence in the construction industry in this region. Germany, Italy, France, and the UK are some of the significant contributors to the market’s growth in EMEA.

Artificial intelligence (AI) in construction market segmentation based on the solution type

• Software
• Services
• Hardware

The software segment accounted for the largest share of the AI in the construction market during 2018. The market will witness significant growth in this segment in the coming years, and this segment will account for the largest AI in construction market throughout the forecast period.

Key highlights of the global artificial intelligence (AI) in construction market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the artificial intelligence (AI) in construction industry during the next five years
• Precise estimation of the global AI in construction market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the artificial intelligence (AI) in construction industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of artificial intelligence (AI) in construction companies 

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