Market Share of Construction Technology Industry
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.
Construction Technology Market Leaders
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Autodesk Inc.
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Trimble Inc.
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Procore Technologies, Inc.
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Bentley systems, incorporated
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Buildots
*Disclaimer: Major Players sorted in no particular order
