How big is the Construction Technology Market?

The Construction Technology Market size is expected to reach USD 5.02 billion in 2024 and grow at a CAGR of 12.80% to reach USD 9.17 billion by 2029. Read More

What is the current Construction Technology Market size?

In 2024, the Construction Technology Market size is expected to reach USD 5.02 billion. Read More

Who are the key players in Construction Technology Market?

Autodesk Inc., Trimble Inc., Procore Technologies, Inc., Bentley systems, incorporated and Buildots are the major companies operating in the Construction Technology Market. Read More

Which is the fastest growing region in Construction Technology Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Construction Technology Market?

In 2024, the Europe accounts for the largest market share in Construction Technology Market. Read More

What years does this Construction Technology Market cover, and what was the market size in 2023?

In 2023, the Construction Technology Market size was estimated at USD 4.38 billion. The report covers the Construction Technology Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Construction Technology Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Construction Technology Market Size & Share Analysis - Industry Research Report

Construction Technology Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Construction Technology Market Report is Segmented by Type (Solutions (Virtual and Augmented Reality, Artificial Intelligence, 3D Printing, Building Information Modeling (BIM) Software, Automated Data Collection and Predictive Analytics, Drones, Robotics, Project Management Software, Wearables, Other Types (Digital Twin, Sustainable Technology, Blockchain Technology, 4D Simulation, Etc. )) and Services) and Geography (North America, Europe, Asia, Australia and New Zealand, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Construction Technology Industry Overview

The construction technology market is highly competitive, with numerous players vying for market share. Companies are investing in research and development to create new and improved technologies, such as advanced construction materials. Additionally, these players are considering mergers, acquisitions, and partnerships to remain competitive in the market. A few key players in the market include Autodesk Inc., Trimble Inc., Procore Technologies, Inc., Bentley Systems, Incorporated, and Buildots.

May 2024 - Buildots unveiled its latest innovation, the Delay Forecast feature. This AI-driven tool identifies potential delay risks and promptly notifies construction teams about pace discrepancies. Such proactive alerts empower teams to address and mitigate delays before they magnify. Additionally, the feature offers detailed insights at the activity level, pinpointing the root causes of delays. This capability allows project managers to continuously refine their strategies and enhance overall performance.
April 2024 - The architecture, engineering, and construction (AEC) sectors are increasingly leveraging the interoperability of geographic information systems (GIS) and building information modeling (BIM) to cut costs and enhance efficiency in construction projects. Esri and Autodesk are bolstering their strategic alliance to support AEC organizations. By integrating ArcGIS Basemaps with Civil 3D and AutoCAD, AEC professionals can access enriched geospatial data and advanced mapping capabilities. These integrations strengthen the bond between GIS and BIM, offering tangible business benefits to architects, engineers, planners, and contractors.