Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

IoT in Construction Market Size is projected to reach USD 29.72 Billion by 2030, growing at a CAGR of 14.2%: Straits Research



New York, United States, Sept. 21, 2022 (GLOBE NEWSWIRE) — Internet of Things (IoT) has permeated virtually every significant industry and aspect of human life. Utilizing new technology in construction tasks such as plastering, bricklaying, and surveying, as well as in construction site management, asset tracking, labor tracking, and risk management, has significantly transformed the construction industry. The use of internet-connected devices, such as equipment monitoring sensors, smart wearables, building information modeling (BIM) software, RFID tagging & tracking, and others, has decreased resource waste, reduced the number of accidents and fatalities on construction sites, and enabled remote monitoring and data collection, thereby increasing productivity and optimizing financial resources.

The use of wearable technologies, for instance, has increased workplace happiness by 3.5% and construction site productivity by 8.5%. Examples include smart helmets, smart glasses, and other wearables with intelligence. Effective safety management on construction sites significantly influences the implementation of IoT technology in the construction industry. IoT-connected equipment, such as exoskeletons, sensors, and smartwatches, makes workers more resilient and monitors environmental, biological, and physical parameters, including temperature, blood pressure, heart rate, and location. As a result, the rise of IoT in the construction industry is driven by the use of connected devices to improve safety management on construction sites.

Get a Free Sample Copy of This Report @

Proper Safety Management on Construction Sites to Drive the Global IoT in Construction Market

The construction industry employs many people and requires them to work in hazardous conditions. The Occupational Safety and Health Administration (OSHA), a division of the U.S. Department of Labor, reports that more than 252,000 construction sites employ approximately 6.5 million people in the United States. The construction industry has a significantly higher fatality rate than the national average for all other U.S. industries. Inadequate protective equipment, trench collapse, falls, collapsed scaffolding, and repetitive motion injuries are common dangers on construction sites. Using smart wearables such as smart glasses, wearable sensors, safety vests, wearable exoskeletons, smart helmets, and others, IoT integration in the construction industry enables real-time safety monitoring on construction sites.

In addition, such wearable technology enables the measurement of respiration and heart rates and actively monitoring a worker’s physiological response to a specific work environment. In addition, approximately 83% of contractors believe that wearable technologies could improve site safety and reduce fatal injuries on the job site, including fall prevention, which accounts for about 30% of construction fatalities. Therefore, benefits such as microsleep prevention, fall prevention, smart monitoring of hazardous gases, and vital sign tracking, among others, may increase demand for IoT-based wearables on construction sites, thereby driving the expansion of IoT in the construction market.

Robotics in Construction to Create Global IoT in Construction Market Opportunities

Although robotics has been utilized in the construction industry for some time, there are currently only a small number of commercial robots on construction sites. Integrating robotic technology in the construction industry reduces the need for human labor in tasks such as bricklaying, plastering, surveying, and welding. In addition, robotic devices employ technologies such as artificial intelligence and the Internet of Things, making it easy to collect real-time data on-site without specialized equipment. Moreover, the ability of robots to be remotely monitored and controlled contributes to increased efficiency and decreased mortality. The market for IoT in construction is expected to expand as the demand for robotics in building construction rises.

Report Scope

Report Metric Details
Market Size USD 29.72 Billion by 2030
CAGR 14.2% (2020-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Application, End-User, Component, Region
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Trimble Inc, Pillar Technologies Inc, Triax Technologies Inc, AOMS Technologies, Topcon Corporation, Hilti Corporation, Autodesk Inc, Oracle Corporation, Hexagon AB, CalAmp Corporation
Key Market Opportunities Robotics in Construction to Boost Market Opportunities
Key Market Drivers Proper Safety Management on Construction Sites to Aid Growth
Growing Efficiency and Productivity in Construction Areas to Drive Market

Buy Now Full Report @

Regional Insights

The Asia Pacific will command the market while expanding at a CAGR of 13.71% during the forecast period. As affluence and credit availability has increased in China and India, the two countries with the largest populations, people in this region have begun spending more on various goods, from necessities such as utilities to luxuries. Therefore, Asia-Pacific is a promising market for the production and development of hardware and software solutions based on the Internet of Things. Asia-Pacific is home to the world’s largest construction market.

Rapidly rising per capita income, the expansion of metropolitan areas, and the widespread adoption of new technology all contribute to the development of the construction industry. The infrastructure of emerging nations such as Myanmar, Thailand, the Philippines, and Vietnam, among others, is being improved with vigor. Thailand, for example, has unveiled its infrastructure plan for 2016 to 2020. It also intends to invest USD 58.5 billion in infrastructure improvements by 2025. In addition, the government of Myanmar has announced an investment of USD 26.8 billion in the National Transport Master Plan to create new roads, water, air, and rail infrastructure. China and South Korea have also been at the forefront of deploying 5G technology and associated IoT infrastructure with supporting smart city development and maximize productivity on construction sites. This drives the Asia-Pacific construction industry’s adoption of IoT in construction projects.

North America will likely grow at a CAGR of 13.11% and hold USD 6,768 million. North America is the second-largest IoT consumer in the construction industry due to the quick acceptance of new technology on American and Canadian building sites. Moreover, robust consumer spending on emerging technologies encourages Americans to utilize IoT-connected products. Since numerous corporations, including Autodesk, Inc., CalAmp Crop, Oracle Corporation, and others, have their headquarters in the United States, the cost of revolutionary new technology is relatively low in the region. All of these factors stimulate the market for Internet of Things (IoT) technology in North America, which fuels the growth of IoT in the construction industry.

Key Highlights

  • The global IoT in construction market size had a revenue holding of USD 8,996 million in 2021. It is expected to reach USD 29,720 million by 2030, growing at a CAGR of 14.2% during the forecast period (2022-2030).
  • Based on the application, the asset monitoring section is projected to advance at a CAGR of 14.37% and hold the largest market share.
  • Based on the end-user, the non-residential section is projected to advance at a CAGR of 13.5% and hold the largest market share.
  • Based on components, the hardware section is projected to advance at a CAGR of 13.58% and hold the largest market share.
  • Based on regional analysis, the Asia Pacific will command the market while expanding at a CAGR of 13.71% during the forecast period.

Get a Free Sample Copy of This Report @

Competitive Players in the Market

  • Trimble, Inc.
  • Pillar Technologies Inc.
  • Triax Technologies, Inc.
  • AOMS Technologies
  • Topcon Corporation
  • Hilti Corporation
  • Autodesk, Inc.
  • Oracle Corporation
  • Hexagon AB
  • CalAmp Corporation

Global IoT in Construction Market: Segmentation

By Application

  • Asset Monitoring
  • Predictive Maintenance
  • Fleet management
  • Wearables
  • Others

By End-User

  • Residential
  • Non-residential

By Component

  • Hardware
  • Software
  • Connectivity
  • Services

By Region

  • North America 
  • Europe
  • Asia Pacific


  1. Introduction
    1. Market Definition
    2. Market Scope
  2. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  3. Market Overview
    1. Report Segmentation & Scope
    2. Value Chain Analysis: IoT in Construction Market
    3. Key Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
    5. Market Share Analysis
  4. Application Overview
    1. Introduction
      1. Market Size & Forecast
    2. Asset Monitoring
      1. Market Size & Forecast
    3. Predictive Maintenance
      1. Market Size & Forecast
  5. End-User Overview
    1. Introduction
      1. Market Size & Forecast
    2. Residential
      1. Market Size & Forecast
    3. Non-Residential
      1. Market Size & Forecast
  6. Regional Overview
    1. Introduction
      1. Market Size & Forecast
    2. America
      1. North America
      2. U.S.
        1. By Application
        2. By End-User
      3. Canada
        1. By Application
        2. By End-User
      4. Mexico
        1. By Application
        2. By End-User
      5. Latin America
        1. By Application
        2. By End-User
    3. Europe
      1. Market Size & Forecast
      2. Germany
        1. By Application
        2. By End-User
      3. France
        1. By Application
        2. By End-User
      4. U.K.
        1. By Application
        2. By End-User
      5. Italy
        1. By Application
        2. By End-User
      6. Spain
        1. By Application
        2. By End-User
      7. Rest of Europe
        1. By Application
        2. By End-User
    4. Asia Pacific
      1. Market Size & Forecast
      2. Japan
        1. By Application
        2. By End-User
      3. China
        1. By Application
        2. By End-User
      4. Australia
        1. By Application
        2. By End-User
      5. India
        1. By Application
        2. By End-User
      6. South Korea
        1. By Application
        2. By End-User
      7. Rest of Asia-Pacific
        1. By Application
        2. By End-User
    5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
        1. By Application
        2. By End-User
      3. South Africa
        1. By Application
        2. By End-User
      4. Kuwait
        1. By Application
        2. By End-User
      5. Rest of Middle East & Africa
        1. By Application
        2. By End-User
  7. Company Profile
    1. Trimble Inc
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    2. Pillar Technologies Inc
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    3. Triax Technologies Inc
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
  8. Conclusion & Recommendation
  9. Acronyms & Abbreviations

Table of Content and Figure @

Market News

  • In 2022, Oracle and Microsoft Corp announced the release of Oracle Database Service for Microsoft Azure. Customers of Microsoft Azure can provision, manage, and manage enterprise-grade Oracle Database solutions in Oracle Cloud Infrastructure (OCI) using a familiar interface.
  • In 2022, Hexagon announced the release of the brand-new, next-generation Leica BLK360, which significantly increases reality capture by meeting two of the most sought-after requirements: speed and efficiency.

News Media

Global Home Insurance Market Worth USD 237.7 Billion By 2030

Have a Look at the Related Research Report?

BIM in Construction Market: Information by Phase of Work (Construction), End-User (Engineer), Application (Residential), Deployment Model (On-Premise), and Regions-Forecast till 2030

Construction Adhesive Market: Information by Resin Type (Polyurethanes, Polyvinyl Acetate), Technology (Solvent-based, Water-based), and Region — Forecast till 2030

3D Printing Construction Market: Information by Method (Extrusion, Powder Bonding), Material Type (Concrete, Metal), End-User (Building, Infrastructure), and Region — Forecast till 2030

Construction Drone Market: Information by Type (Fixed Wing Drone), Application (Surveying Lands, Infrastructure Inspection), End-user (Residential), and Region — Forecast till 2030

Smart Lighting Market: Information by Component (Fixture and Control), Technology (Wired Technology and Wireless Technology), Application (Residential), and Region — Forecast till 2030

About Straits Research Pvt. Ltd.
StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

For more information on your target market, please contact us below:

Phone: +1 646 480 7505 (the U.S.)
+91 8087085354 (APAC)
+44 208 068 9665 (the U.K.)

Email: [email protected]

Follow Us: LinkedIn | Facebook | Instagram | Twitter

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research




BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.

Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.” 
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
Photo –

View original content:

Continue Reading

Artificial Intelligence

Savory & Partners: Digital Nomad Visas Sparking a Migration Boom




DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.

A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
Croatia, one of the first countries to introduce a pure digital nomad visa in early 2021 as a response to the rise in remote workers, has approved 680 applications, while 672 are still pending approval.
Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
While digital nomads typically use visa-free access or visas to stay in countries for a few months at a time before moving on to the next, digital nomad visas provide a sense of comfort and stability that aligns perfectly with their lifestyle, giving them ample time to enjoy the country they are in before moving on to the next.
Unsurprising demand
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
To know more about Savory & Partners, visit
For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
Logo –

View original content:–partners-digital-nomad-visas-sparking-a-migration-boom-302010292.html

Continue Reading

Artificial Intelligence

Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research




The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

Request Sample Copy of Report: 
Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Report Coverage
Forecast Period
Base Year
Market Size in 2022
$838.5 million
Market Size in 2032
$2.4 billion
10.9 %
No. of Pages in Report
Segments covered
Range, End User, Distribution Channel, and Region
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Less adoption in developing markets
Regular maintenance and repair costs
Procure Complete Report (250 Pages PDF with Insights, Charts, Tables, and Figures): 
The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
Enquire before buying: 
Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Read More Trending “AMR Exclusive Insights:
Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2023-2032Canada Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Mexico Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Europe Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032France Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Germany Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected]: www.alliedmarketresearch.comAllied Market Research Blog:

View original content:

Continue Reading