IoT in Construction Industry - Regional Synopsis
On the basis of regional analysis, the IoT in construction market is segmented into five major region including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for IoT in construction in North America industry is likely to dominate majority revenue share by 2037, on account of presence of multiple OEM’s grabbing the use of internet of things in the construction in the region. The Asia Pacific region is projected to account for the highest growth rate owing to the increased demand of IoT in construction from India, China and other Asian countries. The rise in the digitalization and investment in construction sector is fueling the growth of the market.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of IoT in construction is evaluated at USD 15.34 billion.
IoT in Construction Market size was valued at USD 13.47 billion in 2024 and is set to exceed USD 95.92 billion by 2037, registering over 16.3% CAGR during the forecast period i.e., between 2025-2037.
North America industry is likely to dominate majority revenue share by 2037, on account of presence of multiple OEM’s grabbing the use of internet of things in the construction in the region.
The major players in the market are Caterpillar Inc., Construction Robotics, Oracle Corporation, CalAmp Corporation, Trimble Inc., Autodesk Inc., Giatec Scientific Inc., Sigfox, Cisco Systems Inc., Vinci SA, and others.
