c

AI in Construction Market to Witness Pronounce Growth of 35% CAGR by 2023: Global Size, Share, Sales, and Regional Analysis Report 2019

The report on the global AI in Construction Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.

Pune, India - June 13, 2019 /MarketersMedia/ —

Overview
The global AI in construction market is expected to grow at a massive pace in the coming years. This is further proven by the study report published by the team of Market Research Future (MRFR). The report states that the global market for AI in construction is slated to reach an approximate valuation figure of USD 2,011.4 million by the end of the forecast period in 2023. The report goes on to mention that the market is expected to grow at an impressive pace of 35% CAGR over the review period between 2017 and 2023.
AI-based applications in the construction industry is at a proliferating stage, wherein new developments are expected to push the growth of the market significantly. It is anticipated to witness its integration with BIM or building information modelling and GPS is slated to be particularly beneficial for scheduling, project planning, and inventory purposes. Add to this, AI is forecasted to aid the construction industry in tackling against the existing as well as the repetitive challenges of project schedule delay, accuracy margin, and safety concerns. This is expected to be one of the major drivers of the global market in the forthcoming years.

Request Free Sample @ https://www.marketresearchfuture.com/sample_request/6035

Market Segmentation
The global AI in Construction market segmentation is based upon the following key dynamics: deployment, stage, component, technology, organization size, and application.
By component, the market is segmented into solutions and services. The solution segment breaks down into design & planning, virtual assistant, demand forecasting, revenue estimation, predictive maintenance, and others. The service segment narrows down into implementation services, training & consulting, and other support services.
By stage, the market divides into construction stage, pre-construction stage, and post-construction stage.
By technology, the market breaks down I to machine learning & deep learning, neural networks, and natural learning programming (NLP).
By deployment, the market narrows down into on-cloud and on-premise deployment.
By application, the market categorizes into schedule management, building information management, risk management, project management, supply chain management, and equipment management.

Competitive Landscape
The global AI in construction market includes various prominent players, including key names like Microsoft Corporation (U.S.), SAP SE (Germany), IBM Corporation (U.S.), Autodesk (U.S.), eSUB (U.S.), Aurora Computer Services (U.K), Oracle Corporation (U.S), Alice Technologies (U.S.), Building System Planning (U.S.), Smartvid.io (U.S.), and others. Some other key vendors identified by MRFR in its report as operators in the AI in Construction market are Plangrid, Jaroop, Predii, Assignar, Coins Global, Doxel Askporter, Bentley Systems, Lili.Ai, Deepomatic, Beyond Limits, and Renoworks Software.

Regional Analysis
The global AI in Construction Market is geographically distributed across the following regions: Europe, Asia Pacific, North America, and the Rest of the World (RoW).
North America region holds the leading position in the AI construction market landscape. The region is expected to dominate the global market in the coming years due to the contributions made by countries like the US and Canada. The North American regional market hosts a number of key players like Oracle Corporation, IBM Corporation, and much more who are making considerable investments in developing and emerging technologies like machine learning and neural networks.
Aside from North America, Asia Pacific is another key region in the global AI in construction market landscape. The region is expected to exhibit notable growth percentage in the coming years as was reported by MRFR in its recently published report. The presence of countries like South Korea, China, Japan, and India further aids the growth of the market. The growth of the market can be primarily attributed to the proliferating demand of developing and undertaking smart city projects, one which require better amenities that accelerates the real estate industry.

Industry News
May 30th, 2019, InEight, a global leader in developing construction project management software, made an announcement of an agreement, wherein Clark Construction will use the project planning and scheduling application features of InEight to improve its process. The InEight Basis is expected to offer Clark Construction with the capability to use AI to accelerate the creation of their project planning.

LIST OF TABLES
Table1 Global AI In Construction Market: By Region, 2017-2023
Table2 North America AI In Construction Market: By Country, 2017-2023
Table3 Europe AI In Construction Market: By Country, 2017-2023
Table4 Asia Pacific AI In Construction Market: By Country, 2017-2023
Table5 The Middle East & Africa AI In Construction Market: By Country, 2017-2023
Continued……

Check Discount @ https://www.marketresearchfuture.com/check-discount/6035

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
FIGURE 4 Value Chain Of Global AI In Construction Software Market
FIGURE 5 Share Of Global AI In Construction Software Market In 2017, By Country (In %)
Continued……

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members

Contact Info:
Name: Market Research Future
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com/reports/ai-in-construction-market-6035

Source URL: https://marketersmedia.com/ai-in-construction-market-to-witness-pronounce-growth-of-35-cagr-by-2023-global-size-share-sales-and-regional-analysis-report-2019/523880

Source: MarketersMedia

Release ID: 523880

Latest News

Ormsby leads Scandinavian Invitation after opening-round 62

Aug 24, 2019

GOTHENBURG, Sweden — Wade Ormsby holed a 4-iron from 196 yards for eagle on his way to shooting a bogey-free, 8-under 62 at the Scandinavian Invitation, giving him the first-round lead in the European Tour event on Thursday. The Australian's eagle at the par-4 14th hole came in an opening-nine 28, after starting his round at No. 10. He also rolled in six birdies, including three straight from the 16th hole. Alexander Levy of France also went out in 28 and made eight birdies in total in his 63, leaving him in a share of second place with Joakim Lagergren...

Mickelson late to the course after lightning hits hotel

Aug 24, 2019

MEDINAH, Ill. — Phil Mickelson had a wild Sunday, and that was before he showed up for the BMW Championship. Mickelson said on Twitter that lightning struck the hotel where he was staying, leading to an evacuation. One problem: He was staying on the top floor, his clubs were in his room and his tee time at Medinah was approaching. Mickelson eventually got to the course in time to change shoes in the parking lot, but not after a tweet saying that his clubs served as a fire retardant. He headed to the range to warm up, pausing only to...

Matsuyama blisters Medinah with 63 for BMW Championship lead

Aug 24, 2019

MEDINAH, Ill. — Hideki Matsuyama rode a hot putter to a record score at Medinah, making five birdie putts from 15 feet or longer for a 9-under 63 that gave him a one-shot lead going into the weekend at the BMW Championship. He also took a big step toward keeping alive his streak of playing the Tour Championship every year since he turned pro. Matsuyama started and ended his round with a 30-foot birdie putt, the last one giving him the 36-hole lead over Patrick Cantlay (67) and Tony Finau (66). Justin Thomas recovered from three bogeys for a 69...

Reed takes 1-shot lead at FedEx Cup opener

Aug 24, 2019

JERSEY CITY, N.J. — Patrick Reed is finally being rewarded with good scores, and he hopes it can be enough to turn around his season. He is winless in the last 16 months dating to the 2018 Masters. He hasn't missed the Tour Championship in five years, and started the FedEx Cup playoffs at No. 50, leaving him little room for a bad week. He is in danger of being left off a U.S. team for the first time since his rookie season in 2013. Reed put himself in position to change his outlook Saturday with a 4-under 67, giving...

Column: A US Open, and a summer of stress for Gary Woodland

Aug 24, 2019

JERSEY CITY, N.J. — Gary Woodland made sure plans were in place for him to leave tournaments before he even arrived. And when he did show up, just the sight of officials in a golf cart made him nervous. Most of the time, they were on their way to administer a ruling. Woodland always assumed they were coming to tell him his wife had gone into labor. It was like that for the last six weeks. So the smile that never left him Tuesday at Liberty National Golf Club had nothing to do with the $15 million prize at stake...

Search
Broaden News

5 Stars Discovery brings you to the stories from people around the world sharing on the finest luxury resorts, high-end city hotels, and exclusive hideaway to make sure you’ll get the premium experience.

Contact us: sales@starsdiscovery.com