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Big Data Analytics in Construction Market Share

Report ID: GMI11356
Published Date: Sep 2024
Report Format: PDF

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Big Data Analytics in Construction Market Share

IBM and Microsoft dominate over 12% of the market share. IBM focuses on integrating its advanced analytics capabilities with its IBM Maximo and IBM TRIRIGA platforms, offering comprehensive solutions for construction projects. IBM’s strategy includes leveraging AI and machine learning to provide predictive insights, enhancing operational efficiency and risk management in construction.

By providing a robust suite of tools, including Azure Synapse Analytics and Power BI, Microsoft enables construction firms to integrate, analyze, and visualize data seamlessly. Microsoft’s strategy emphasizes partnerships and ecosystem development, including collaborations with construction software providers to enhance their offerings and expand business reach in the market.

Big Data Analytics in Construction Market Companies

Eminent players operating in the big data analytics in construction industry include:

Autodesk
Hexagon AB
IBM
Microsoft
Oracle
Procore
Procore
Sage
SAP SE
Trimble

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of big data analytics in construction was worth over USD 8.4 billion in 2023 and is anticipated to record a CAGR of over 11% between 2024 and 2032, due to increasing demand for operational efficiency and cost reduction in the construction sector.

The solution segment held over 70% of the market share in 2023, driven by the increasing need for real-time monitoring in construction projects, in order to prevent costly delays, reduce risks, and optimize resource utilization.

North America big data analytics in construction market held around 30% revenue share in 2023, due to technological development, and emphasis on adopting smart technologies in construction practices.

Autodesk, Hexagon AB, IBM, Microsoft, Oracle, Procore, Sage, SAP SE, and Trimble among others.