According to a new market study entitled “Artificial Intelligence in Construction Market to 2027 – Global Analysis and Forecasts by Solution (Planning and Design, Virtual assistant, Revenue estimation, Monitoring and Maintenance, and Demand forecasting); Technology (Machine Learning (ML) and Deep Learning and Natural Language Processing (NLP)); and Application (Industrial, Infrastructural, Residential, and Commercial)- Global Analysis and Forecasting, “explains the report, explaining the key drivers of this growth and highlighting key market players and their evolution. The report factors this growth and also highlights the major players in the market and their developments.
The infrastructure and construction industry is experiencing many changes owing to the gradual integration of innovative technology in order to improve productivity and maximize utility. The construction industry is widely adopting artificial intelligence in their processes. Artificial intelligence is where machines show their intelligence by utilizing algorithms to solve problems through inputted data. With the harnessing robotics, construction managers utilize intelligent machines that can operate routine tasks which were once done by personnel, such as bricklaying. Activities that hinder construction may utilize artificial intelligence to make improvements in quality, safety, productivity, and scheduling.
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Some of the factors such as the shortage of construction labor and stringent safety regulations are propelling the growth of artificial intelligence in the construction market. Moreover, the growing construction activities due to smart city initiatives are further expected to offer significant opportunities for artificial intelligence in the construction market to grow. However, a low level of penetration is restricting the growth of artificial intelligence in the construction market.
Some of The Major Players In Global Market: Autodesk, Inc., BuildingSP, Inc., Doxel Inc., IBM Corporation, Intel Corporation, NEMETSCHEK SE, NVIDIA Corporation, Salesforce.com Inc., SAP SE, and Smartvid.io, Inc. among others.
The analysis of the global market for Artificial Intelligence in Construction until 2027 is an in-depth study of the Artificial Intelligence in Construction industry, which focuses on global market trends. The report aims to provide an overview of the global market for Artificial Intelligence in Construction with detailed market segmentation by product / application and by region. The global market for Artificial Intelligence in Construction is expected to experience strong growth over the forecast period.
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Answers that the report recognizes:
- Market size and growth rate during the forecast period.
- The key factors of the market of Artificial Intelligence in Construction.
- Key market trends have dampened the growth of the Artificial Intelligence in Construction market.
- Challenges for market growth.
- The leading providers of the market of the Artificial Intelligence in Construction.
- Detailed SWOT analysis.
- Opportunities and threats facing existing vendors in the global Artificial Intelligence in Construction market.
- Trend factors influencing the market in geographic areas.
- Strategic initiatives targeting key suppliers.
- PEST analysis of the market in the five major regions.
Reason to Buy:
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– The key findings and recommendations highlight crucial progressive industry trends in the Artificial Intelligence in Construction Market, thereby allowing players to develop effective long term strategies.
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– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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