DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence (AI) in Construction Market by Technology, Stage, Component, Application, Deployment Type, Organization Size, Industry Type (Residential, Institutional Commercial, and Heavy Construction), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The reports expects the global Artificial Intelligence (AI) in construction market to grow from USD 407.2 million in 2018 to USD 1,831.0 million by 2023, at a Compound Annual Growth Rate (CAGR) of 35.1% during the forecast period.
The rising demand for AI-based solutions and platforms, the need for more safety measures at construction sites, and the capability of AI in construction solutions and services for reducing the production costs are expected to drive the growth of the AI in construction market. Few investments made in technological Research and Development (R&D) is expected to act as the major restraint for the market growth.
In the AI in construction market, the cloud deployment type offers multiple benefits, such as reduced operational and maintenance costs, fewer complexities, and more scalability. AI in construction solution providers are focusing on deploying robust cloud-based solutions for their clients, as many organizations have started adopting the cloud-based deployment type.
Additionally, the cloud deployment type is user-friendly, cost-effective, and easy to access. However, at present, many construction companies are still opting for on-premises-based AI in construction solutions.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 AI in Construction Market, By Technology
7 Market By Stage
8 AI in Construction Market, By Component
9 AI in Construction Market, By Application
10 AI in Construction Market, By Deployment Type
11 Market By Organization Size
12 AI in Construction Market, By Industry Type
13 AI in Construction Market, By Region
14 Competitive Landscape
15 Company Profiles
- Alice Technologies
- Aurora Computer Services
- Coins Global
- Beyond Limits
- Renoworks Software
- Building System Planning
- Bentley Systems
For more information about this report visit https://www.researchandmarkets.com/research/q4z4c3/artificial?w=4