Question 1

How big is the construction 4.0 market?

Accepted Answer

The market size of construction 4.0 was worth USD 12.3 billion in 2022 and is projected to witness 16.9% CAGR during 2023 to 2032 owing to the increasing need for optimizing construction processes, improving safety, and enhancing decision-making.

Question 2

Why is construction 4.0 software gaining prominence?

Accepted Answer

Construction 4.0 industry size from the software segment reached USD 4.4 billion in 2022 and is poised to grow significantly from 2023 to 2032 attributed to the rapid adoption of digital technologies worldwide.

Question 3

What is the worth of the construction 4.0 sector in North America?

Accepted Answer

North America held the largest industry share of over 30% in 2022 and is estimated to witness robust growth through 2032 owing to the rising technological advancements in the construction sector.

Question 4

Which are the major enterprises in the construction 4.0 industry?

Accepted Answer

Some of the leading construction 4.0 firms are ABB Ltd., Autodesk Inc., Hexagon AB, Hilti Corporation, Oracle Corporation, Topcon Corporation, Trimble, Inc., Microsoft Corporation, Bentley Systems, IBM Corporation, NVIDIA Corporation, SAP SE, Schneider Electric.

Construction 4.0 Market Size By Component (Hardware, Software, Service), By Technology (Building Information Modeling, IoT, Artificial Intelligence), By Application (Project Management, Field Management, Risk Management, Asset Management), End User & Forecast 2023 – 2032

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