Global Artificial Intelligence (AI) in Construction Market

Feb 2020| VMR1670A| Verified Market Research

Report Highlights

Artificial Intelligence (AI) in Construction Marke

According to Verified Market Research, Global Artificial Intelligence (AI) in Construction Market was valued at USD 422.64 Million in 2018 and is projected to reach USD 4359.68 Million by 2026, growing at a CAGR of 33.70% from 2019 to 2026.

Global Artificial Intelligence (AI) in Construction Market Outlook

The key factor contributing to the growth of the market is the concerns regarding the safety measures at the construction sites. In addition, the increasing demand for visual analytics, and data integration in the construction industry, the stringent government policies for safeguarding the labor and the operators, adds to propels the market growth. Furthermore, the need to reduce the cost of production contributes to fuel the growth of the market. However, the lack of expertise to operate the system and the lesser investment in conducting the R&D activities in technology are factors responsible for restricting the growth of the market.

Global Artificial Intelligence (AI) in Construction Market Competitive Landscape

The Global Artificial Intelligence (AI) in Construction Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Building System Planning, Microsoft, IBM, Oracle, SAP, Alice Technologies, eSUB, Smartvid.io, Aurora Computer Services and Autodesk. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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