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Construction Workflow Automation Market Trends

Report ID: GMI11254
Published Date: Sep 2024
Report Format: PDF

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Construction Workflow Automation Market Trends

Innovations such as Building Information Modeling (BIM), the Internet of Things (IoT), and Artificial Intelligence (AI) are revolutionizing construction processes. These technologies streamline workflows, reduce manual errors, and accelerate project timelines. The integration of advanced tools facilitates efficient project management, cost control, and resource allocation, driving the adoption of automation solutions in the construction industry. As technology continues to evolve, its ability to address complex challenges and improve overall project efficiency propels market growth.

Introduction of advancement technologies are transforming construction inspection and maintenance services by enabling immersive visualization of bridge structures. For instance, in November 2023, researchers introduced the latest UCF technology, which harnesses the power of artificial intelligence (AI) and virtual reality (VR) to oversee the safety of bridges and buildings. This method incorporates a range of tools and technologies, including computer vision for visual assessment of structural integrity, generative adversarial networks to forecast structural alterations, an immersive visualization system employing virtual reality (VR) and augmented reality (AR) for in-depth analysis, and a collaborative intelligence framework merging AI with mixed reality to accelerate inspection procedures.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Construction workflow automation market size was USD 4.3 billion in 2023 and is expected to register over 8.5% CAGR from 2024-2032 due to the growing investment in infrastructure development worldwide.

Construction workflow automation industry from the solution segment held over 65% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to the increasing demand for real-time collaboration and communication tools.

North America construction workflow automation industry held 30% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to growing demand for automation solutions that integrate these technologies in the region.

Autodesk, Bentley Systems, Bluebeam, Inc., Buildertrend, CoConstruct, Oracle, Procore, RIB Software SE, SAP SE, and Trimble, are some of the major construction workflow automation companies worldwide.