Digital Transformation on the Building and Construction Market
Digitalization is increasing the performance of constructional companies, which is note to be the principal drive for the worldwide market of digital transformation on building and construction. Automation, supported by digitalization, is gaining popularity in the construction industry, as it aids in stretching limited resources, eliminate manual error, and enhance performance. Alongside, digitalization of activities concerning the construction industry is accelerating and streamlining work process. This is aiding in tackling quick handing over of properties as per customers demand. Construction companies are focusing on safety of workers. Digitalization is assisting in shortening the span for response, increase documentation accuracy, and promote safety inspection. Impact of digitalization in the construction industry is such, the collaboration among companies and their employees is intensifying. Collection of digital punch and signatures are likely to real time collaboration and improve quality control. Application of mobile phones to get real time updates from on-field workers and track finance proceedings remotely. Digitalization supporting technologies such as 3D printing, drones, robotics, digital twins, Internet of Things, and analytics are simplifying supply chain of construction industry and accelerating both onsite and in-office performance. The market likely to experience a surge in the coming years owing to these aforementioned factors. Increase in world population is boosting the need for expanding residential space. In addition, rapid industrialization is demanding more corporate, plants, and factory constructions, which, in turn can cast a positive impact on the market.
Market Key Players
Asite Solutions, Bentley Systems, Leica Geosystems, MX3D, Nemetschek, Lockheed Martin, ABB Robotics, Arcelor Mittal, Nova Group, RigScan by Atlas Copco, Smartx, PlanGrid, Procore Technologies, Riegl, StoneCycling, Trimble Technologies, and Topcon are major contenders that are operating in the digital transformation on the building and construction market.
The segmental study of the global market digital transformation on the building and construction has been carried under type and application. Digital Strategy, Legal Disclaimer Self-Diagnostic, and GAP Analysis are the market segments that have been based on the type. Residential, Industrial, and Commercial are the market segments that are based on the application. As per the report, the application segment is likely to contribute largely to the expansion of the market.
Detailed Regional Analysis
By region, China, Japan, Europe, India, Southeast Asia, and United States are major areas where the digital transformation on the building and construction market has been analyzed. Early adoption of technology is a prime driver for the North American market. The market in Europe to witness a steady growth. The market in the Asia Pacific region is likely to register remarkable growth due to the emerging concept of smart cities.
Schlumberger, the largest provider of oilfield services, Chevron, an America-based multinational energy corporation, and Microsoft, a US-based multinational IT company, announced their collaboration that could result in accelerated digital transformation. Schlumberger’s DrillPlan construction planning solution was deployed on Azure Stack infrastructure. This would now allow Schlumberger and Microsoft to deliver in-country residential solutions.
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349