Artificial Intelligence in Construction Market

1
Global Artificial Intelligence in
Construction Market Trends, Growth Forecast
2020-2027
2
Segment
Artificial Intelligence in Construction Market
Size, Share trends analysis by Offering
(Solution, Service), By Application (Asset
Management, Project Management, Risk Management,
Schedule Management, Supply Chain Management), By
Stage (Pre-Construction, Construction-Stage,
Post-Construction), By Deployment (Cloud,
On-Premise), By Industry (Residential, Public
Infrastructure, Heavy Construction), By
Organization Size (SME, Large Organization), and
Regional Analysis Report 2020 to 2027.
3
Statistics
Global Artificial Intelligence in construction
market is anticipated to reach USD 2.53 billion
market size by 2027 the market was estimated at a
market size of USD 0.41 billion in 2019 and is
expected to grow at a CAGR of 32.2 over the
forecast period.
4
Drivers
The technology is still in the developmental
stage till now, however, it is expected to gain
considerable demand in upcoming years.
5
Region
The increasing demand for AI-based applications,
as the industry lacks skilled manpower as the
strict migratory regulations in North America and
Europe are prohibiting the import of skilled
labor from other countries.
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