Artificial Intelligence (AI) Construction Market is expected to reach US$ XX Million in 2024 from USD XX Million in 2016, with a CAGR XX%. The growth of the Artificial Intelligence (AI) Construction Market is driven by factors such as increasing need for more safety measures at construction sites and capability of the Artificial Intelligence in construction to reduce the production costs.Artificial Intelligence (AI) Construction MarketAs cloud-based applications and mobile devices are increasing, the amount of data which is captured on a job site has grown exponentially in the last 10 years. Artificial intelligence provides services that human cannot processor will take too much time. Actions which hamper construction can now use artificial intelligence to improve productivity, safety, quality, and scheduling. Construction industry deals with a labour shortage and less productivity, artificial intelligence helps to overcome this barrier.
Artificial Intelligence (AI) Construction Market is segmented by Technology, Stage, Deployment Type, Component, Application, and Geography. Artificial Intelligence (AI) Construction Market for machine learning and deep learning will grow at maximum rate during the forecast period owing to the rising need to analyze dark data and increasing need to improve business functions.
Among deployment types, Cloud deployment is expected to grow at highest CAGR during forecast period because of its features like Flexibility, Disaster recovery, Document control, Security etc.
IBM is a global American multinational company and worldwide popular vendor which Provides dedicated software, hardware, and services. In July 2017, IBM launched its Watson-based service platform which is created on cloud and designed to improve service providers operations.
A SAP is another important vendor in AI Construction which provides business software. SAP offers many products like analytics, customer engagement, and commerce, finance, human resources, Internet of Things (IoT) and digital supply chain, etc.
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In July 2017, SAP extended its global partnership with Fujitsu Limited. The partnership planned to deliver advanced ERP solutions to AI and IoT consumers. SAP launched an AI platform In May 2017. The SAP Leonardo Machine Learning platform finds data patterns and analyses them by studying the texts, images, and voices which helps in business growth.
The scope of the Report:
Artificial Intelligence (AI) Construction Market, by Technology: Machine Learning and Deep Learning, Natural Language Processing
Artificial Intelligence (AI) Construction Market, by Stage: Pre-Construction, Construction Stage, Post-Construction
Artificial Intelligence (AI) Construction Market, by Deployment Type: on-Cloud, On-Premises
Artificial Intelligence (AI) Construction Market, by Component: Solutions, Services
Artificial Intelligence (AI) Construction Market, by Application: Residential, Commercial, and Public
Artificial Intelligence (AI) Construction Market, by Geography: North America, Europe, Asia Pacific, Middle East & Africa and Latin America
5. Alice Technologies
9. Aurora Computer Services
16. Coins Global
17. Beyond Limits
21. Renoworks Software
22. Building System Planning
23. Bentley Systems
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