Global Internet of Things (IoT) in Construction Market: Global Analysis and Opportunity Assessment 2023
Internet of Things (IoT) in Construction Market Overview and Insights:
According to Introspective Market Research, The Internet of Things (IoT) in Construction Market size is expected to grow from USD 12.3 Billion in 2022 to USD 41.91 Billion by 2030, at a CAGR of 16.56% during the forecast period.
The Internet of Things (IoT) is increasingly being integrated into the construction industry, revolutionizing how construction projects are planned, managed, and executed. : IoT technologies are employed to monitor and control energy consumption, lighting, HVAC systems, and other utilities in construction sites and buildings. This enables energy efficiency improvements, reduces waste, and supports sustainable construction practice .IoT-enabled wearable devices such as smart helmets, vests, and gloves are used to monitor workers' health, safety, and productivity on construction sites. These devices can detect and alert workers to hazards, track biometric data, and provide real-time communication and assistance in case of emergencies. IoT technology is transforming the construction industry by enabling greater efficiency, safety, sustainability, and collaboration throughout the project lifecycle, from planning and design to construction and operations. It offers tremendous opportunities for innovation and improvement in construction practices and outcomes.
Internet of Things (IoT) in Construction Market Overview and Insights:
According to Introspective Market Research, The Internet of Things (IoT) in Construction Market size is expected to grow from USD 12.3 Billion in 2022 to USD 41.91 Billion by 2030, at a CAGR of 16.56% during the forecast period.
The Internet of Things (IoT) is increasingly being integrated into the construction industry, revolutionizing how construction projects are planned, managed, and executed. : IoT technologies are employed to monitor and control energy consumption, lighting, HVAC systems, and other utilities in construction sites and buildings. This enables energy efficiency improvements, reduces waste, and supports sustainable construction practice .IoT-enabled wearable devices such as smart helmets, vests, and gloves are used to monitor workers' health, safety, and productivity on construction sites. These devices can detect and alert workers to hazards, track biometric data, and provide real-time communication and assistance in case of emergencies. IoT technology is transforming the construction industry by enabling greater efficiency, safety, sustainability, and collaboration throughout the project lifecycle, from planning and design to construction and operations. It offers tremendous opportunities for innovation and improvement in construction practices and outcomes.
10:03 AM - Apr 04, 2024 (UTC)
