Global IoT in Construction Industry Forecast up to 2024
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"IoT in Construction Industry
The market research report provides a detailed market segmentation analysis of the IoT in Construction market by products (Hardware, Software, Services), by applications (Safety, MRO, Remote operations, Fleet management) and by region (Americas, EMEA, APAC). This market research report identifies many companies which includes Cisco, Caterpillar, Sigfox, Wipro, DroneDeploy, DAQRI, among others in IoT in the construction market.
Overview of IoT in the Construction Market
Infoholic Research’s report predicts, the global IoT in construction industry will grow at a CAGR of 35.98% during the forecast period 2017–2024.
There are several industries where IoT can be of great influence and construction industry is one among them. Some of the major areas where IoT could be deployed in construction industry are remote support and operation, equipment servicing, fleet management, fuel savings, and for BIM (building information modeling). With the implementation of IoT systems, the construction companies can save time and cost.
Global IoT market in construction industry is categorized based on the presence of diversified small and large vendors. As large players such as Cisco and Caterpillar are increasing their footprint, small vendors are competing with them in the global market by maintaining competitive pricing and customized product offering. By entering into alliances and strategic partnerships with other players in the market, the global vendors are expected to grow further during the forecast period.
Competitive Analysis and Key Vendors
Construction industry is one of the industries where IoT and digitalization are facing sluggish growth. However, features including data storage, remote access, and office-field data exchange are not new to the construction industry. The industry is gaining attention among major IoT solution providers and is expected to witness increasing investments in IoT during the forecast period.
The report comprises of analysis of vendor profile, which includes financial status, business units, key business priorities, SWOT, business strategies, and views. The report covers the competitive landscape, which includes M&A, joint ventures & collaborations, and competitor comparison analysis.
In the vendor profile section, for companies that are privately held, the financial information and revenue of segments will be limited.
The key players offering IoT solutions in construction industry globally include:
• Cisco
• Caterpillar
• Sigfox
• Wipro
• DroneDeploy
• DAQRI
• Construction Robotics
• Atlas RFID Solutions
• Pillar Technologies
• Losant
• Trimble Group
Americas is the largest contributor within the global IoT market in construction industry. The extent of adoption of IoT enabled devices is high in US and Canada. In Americas, the growth of IoT in construction sector is mainly attributed to the increasing use of IoT in modular construction and prefabricated building. Modular construction helps the construction companies to build smarter and greener buildings quickly. Companies can construct new buildings in half the time required as well as result in less wastage of resources compared to traditional methods.
The IoT in Construction Industry is categorized based on three Segments – Products, Applications, and Regions.
IoT in Construction Industry Market by Products
• Hardware
• Software
• Services
IoT in Construction Industry Market by Applications
• Safety
• MRO
• Remote operations
• Fleet management
IoT in Construction Industry Market by Regions
• Americas (Americas include North America and Latin America)
• EMEA (EMEA includes Europe, Middle East and Africa)
• APAC (APAC include East Asia, South Asia, Southeast Asia, and Oceania)
Benefits
The aim of this report is to define, describe, and forecast the IoT in construction market on the basis of segments, which include products, applications, and regions. In addition, it helps venture capitalists in understanding the companies better and make well-informed decisions. It is primarily designed to provide the company’s executives with strategically substantial competitor information, data analysis, and insights about the market, development, and implementation of an effective marketing plan.
" "Table of Contents
1 Executive Summary 10
2 Industry Outlook 12
2.1 Industry Snapshot 12
2.1.1 Industry Overview 12
2.1.2 Industry Trends 13
3 Market Snapshot 14
3.1 Total Addressable Market 14
3.2 Segment Addressable Market 14
3.2.1 PEST Analysis 17
3.2.2 Porter’s Five Force Analysis 18
4 Market Characteristics 19
4.1 Market Evolution 19
4.2 Market Segmentation 20
4.3 Market Dynamics 20
4.3.1 Drivers 21
4.3.1.1 Cost reduction in construction industry 21
4.3.1.2 Growing need for data analytics in construction industry 22
4.3.2 Restraints 22
4.3.2.1 Increasing government regulations on IoT 22
4.3.2.2 Growing threat of cyber attacks 22
4.3.3 Opportunities 23
4.3.3.1 Growing government support for construction industry 23
4.3.4 DRO – Impact Analysis 24
5 IoT in construction industry, By product 25
5.1 Overview 25
5.2 Hardware 25
5.3 Software 28
5.4 Services 30
6 IoT in Construction Industry, By Application 31
6.1 Overview 31
6.2 Remote operations 32
6.3 Fleet management 32
6.4 Safety 33
6.5 MRO 34
7 IoT in Construction Industry, By Geography 36
7.1 Overview 36
7.2 Americas 37
7.3 EMEA 37
7.4 APAC 38
8 Competitive Landscape 40
8.1 Competitor Analysis 40
8.2 Product/Offerings Portfolio Analysis 40
8.3 Market Developments 40
8.3.1 Expansions 40
9 Vendor Profiles 42
9.1 Cisco 42
9.1.1 Overview 42
9.1.2 Product Profile 43
9.1.3 Business Units 43
9.1.4 Geographic Revenue 44
9.1.5 Recent Developments 44
9.1.6 Business Focus 45
9.1.7 SWOT Analysis 45
9.2 Caterpillar 46
9.2.1 Overview 46
9.2.2 Product Profile 46
9.2.3 Business Units 47
9.2.4 Recent Developments 48
9.2.5 Business Focus 48
9.2.6 SWOT Analysis 48
9.3 Sigfox 49
9.3.1 Overview 49
9.3.2 Product Profile 49
9.3.3 Recent Developments 49
9.3.4 Business Focus 50
9.3.5 SWOT Analysis 50
9.4 Wipro 50
9.4.1 Overview 50
9.4.2 Product Profile 51
9.4.3 Geographic Revenue 52
9.4.4 Recent Developments 52
9.4.5 Business Focus 53
9.4.6 SWOT Analysis 53
10 Companies to Watch for 54
10.1 DroneDeploy 54
10.1.1 Overview 54
10.1.2 Product Profile 54
10.1.3 Analyst Opinion 54
10.2 Construction Robotics 55
10.2.1 Overview 55
10.2.2 Product Profile 55
10.2.3 Analyst Opinion 55
10.3 DAQRI 55
10.3.1 Overview 55
10.3.2 Product Profile 56
10.3.3 Analyst Opinion 56
10.4 Atlas RFID Solutions 56
10.4.1 Overview 56
10.4.2 Product Profile 56
10.4.3 Analyst Opinion 57
10.5 Pillar Technologies 57
10.5.1 Overview 57
10.5.2 Product Profile 57
10.5.3 Analyst Opinion 57
10.6 Losant 58
10.6.1 Overview 58
10.6.2 Product Profile 58
10.6.3 Analyst Opinion 58
10.7 Trimble Group 58
10.7.1 Overview 58
10.7.2 Product Profile 59
10.7.3 Analyst Opinion 59
11 Annexure 60
11.1 Report Scope 60
11.2 Market Definition 60
11.3 Research Methodology 60
11.3.1 Data Collation & In-house Estimation 60
11.3.2 Market Triangulation 61
11.3.3 Forecasting 62
11.4 Study Declarations 63
11.5 Report Assumptions 63
11.6 Stakeholders 63
11.7 Abbreviations 63
" "Tables
TABLE 1 GLOBAL IOT IN CONSTRUCTION INDUSTRY VALUE, BY TYPE/MATERIAL, 2017–2024 ($BILLION) 25
TABLE 2 GLOBAL IOT HARDWARE IN CONSTRUCTION INDUSTRY 2017–2024 ($BILLION) 26
TABLE 3 COMPANIES PROVIDING DEVICES AND MODULES 27
TABLE 4 COMPANIES PROVIDING ROUTERS AND GATEWAYS 27
TABLE 5 COMPANIES PROVIDING PROCESSORS 28
TABLE 6 GLOBAL IOT IN CONSTRUCTION INDUSTRY TYPE 2/MATERIAL 2 MARKET VALUE, BY GEOGRAPHY, 2016–2023 ($BILLION) 29
TABLE 7 COMPANIES PROVIDING ANALYTICS SOLUTIONS 29
TABLE 8 COMPANIES PROVIDING SECURITY SOLUTIONS 29
TABLE 9 COMPANIES PROVIDING OTHER SOFTWARE SOLUTIONS 29
TABLE 10 GLOBAL IOT IN CONSTRUCTION INDUSTRY VALUE, BY APPLICATION, 2017–2024 ($BILLION) 31
TABLE 11 GLOBAL IOT IN CONSTRUCTION INDUSTRY, BY GEOGRAPHY, 2017–2024 ($BILLION) 36
TABLE 12 PRODUCT/OFFERINGS PORTFOLIO ANALYSIS: IOT IN CONSTRUCTION MARKET 40
TABLE 13 EXPANSIONS, 2013–2017 40
TABLE 14 CISCO: OVERVIEW SNAPSHOT 42
TABLE 15 CISCO: PRODUCT PROFILE 43
TABLE 16 CISCO: BUSINESS UNITS 43
TABLE 17 CISCO: GEOGRAPHIC REVENUE 44
TABLE 18 CISCO: MAJOR IOT DEVELOPMENTS 44
TABLE 19 CISCO: SWOT ANALYSIS 45
TABLE 20 CATERPILLAR: OVERVIEW SNAPSHOT 46
TABLE 21 CATERPILLAR: PRODUCT PROFILE 46
TABLE 22 CATERPILLAR: BUSINESS UNITS 47
TABLE 23 CATERPILLAR: RECENT DEVELOPMENTS 48
TABLE 24 CATERPILLAR: SWOT ANALYSIS 48
TABLE 25 SIGFOX: OVERVIEW SNAPSHOT 49
TABLE 26 SIGFOX: PRODUCT PROFILE 49
TABLE 27 SIGFOX: RECENT DEVELOPMENTS 49
TABLE 28 SIGFOX: SWOT ANALYSIS 50
TABLE 29 WIPRO: OVERVIEW SNAPSHOT 51
TABLE 30 WIPRO: PRODUCT PROFILE 51
TABLE 31 WIPRO: GEOGRAPHIC REVENUE 52
TABLE 32 WIPRO: RECENT DEVELOPMENTS 52
TABLE 33 WIPRO: SWOT ANALYSIS 53
TABLE 34 DRONEDEPLOY: PRODUCT PROFILE 54
TABLE 35 CONSTRUCTION ROBOTICS: PRODUCT PROFILE 55
TABLE 36 DAQRI: PRODUCT PROFILE 56
TABLE 37 ATLAS RFID SOLUTIONS: PRODUCT PROFILE 56
TABLE 38 PILLAR TECHNOLOGIES: PRODUCT PROFILE 57
TABLE 39 LOSANT: PRODUCT PROFILE 58
TABLE 40 TRIMBLE: PRODUCT PROFILE 59
TABLE 41 RESEARCH METHODOLOGY OF GLOBAL IOT IN CONSTRUCTION INDUSTRY: DATA COLLATION 61
TABLE 42 RESEARCH METHODOLOGY OF GLOBAL IOT IN CONSTRUCTION INDUSTRY: TRIANGULATION 61
TABLE 43 RESEARCH METHODOLOGY OF GLOBAL IOT IN CONSTRUCTION INDUSTRY: FORECASTING 62
" "
Charts
CHART 1 AMERICAS IN IOT IN CONSTRUCTION INDUSTRY, 2017 & 2023 ($BILLION) 10
CHART 2 REMOTE OPERATIONS SEGMENT IN IOT IN CONSTRUCTION INDUSTRY, 2017 & 2023 ($BILLION) 11
CHART 3 SNAPSHOT OF CONSTRUCTION INDUSTRY 12
CHART 4 GLOBAL IOT IN CONSTRUCTION INDUSTRY, 2017–2024 ($BILLION) 14
CHART 5 BENEFITS OF IOT IN CONSTRUCTION INDUSTRY 15
CHART 6 PEST ANALYSIS: IOT MARKET IN CONSTRUCTION INDUSTRY 17
CHART 7 PORTER’S 5 FORCE ANALYSIS: IOT IN CONSTRUCTION INDUSTRY 18
CHART 8 SEGMENTATION: IOT IN CONSTRUCTION INDUSTRY 20
CHART 9 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES 20
CHART 10 DRO – IMPACT ANALYSIS: IOT IN CONSTRUCTION INDUSTRY 24
CHART 11 GLOBAL IOT IN CONSTRUCTION INDUSTRY HARDWARE MARKET VALUE, BY GEOGRAPHY, 2017–2024 ($MILLION) 25
CHART 12 GLOBAL IOT IN CONSTRUCTION INDUSTRY SOFTWARE MARKET VALUE, BY GEOGRAPHY, 2017–2024 ($BILLION) 28
CHART 13 GLOBAL IOT IN CONSTRUCTION INDUSTRY SERVICES MARKET VALUE, BY GEOGRAPHY, 2017–2024 ($BILLION) 30
CHART 14 GLOBAL IOT IN CONSTRUCTION INDUSTRYVALUE, BY APPLICATION 2017 31
CHART 15 GLOBAL IOT IN CONSTRUCTION INDUSTRY, BY REMOTE OPERATIONS 2017–2024 ($BILLION) 32
CHART 16 GLOBAL IOT IN CONSTRUCTION INDUSTRY, BY FLEET MANAGEMENT 2017–2024 ($BILLION) 33
CHART 17 GLOBAL IOT IN CONSTRUCTION INDUSTRY, BY SAFETY 2017–2024 ($BILLION) 34
CHART 18 GLOBAL IOT IN CONSTRUCTION INDUSTRY, BY MRO 2017–2024 ($BILLION) 34
CHART 19 GLOBAL IOT IN CONSTRUCTION INDUSTRY, BY GEOGRAPHY, 2017 ($BILLION) 36
CHART 20 IOT IN CONSTRUCTION INDUSTRY MARKET VALUE, AMERICAS, 2017–2024 ($BILLION) 37
CHART 21 IOT IN CONSTRUCTION INDUSTRY MARKET VALUE, EMEA, 2017–2024 ($BILLION) 38
CHART 22 IOT IN CONSTRUCTION INDUSTRY MARKET VALUE, APAC, 2017–2024 ($BILLION) 39
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