Market Research Report
Future of Construction, Global, 2030
|Published by||Frost & Sullivan||Product code||913963|
|Published||Content info||76 Pages
Delivery time: 1-2 business days
|Future of Construction, Global, 2030|
|Published: October 4, 2019||Content info: 76 Pages||
Revolutionary Trends Impacting the State of Construction Industry
The construction industry plays a major role in driving economic growth in major developed and developing countries and has a direct impact on world GDP. This makes it important to focus on some of the major shortfalls in the industry, such as its traditional ways of carrying out business and the shortage of skilled labor which has slowed down growth in this industry.
The construction industry is starting to evolve. Changing technological environment and evolving business models will bring about a major disruption in the construction industry.
Frost & Sullivan's 'Future of Construction, Global, 2030' focuses on identifying the top trends that will shape the future of the construction industry. The study maps 6 trends and 20 subtrends that will directly /indirectly impact the global construction forum while mapping a 5-10-year trend horizon which includes the market status, predominant opportunities, and key milestones.
Technology is a primary disruptor-from IOT devices to innovative sensor technologies-for data collection. Novel business advances will be driven by data monetization and digital marketplaces. We will also see a shift toward new data-driven business models that will be focusing on sustainability. Gen Z will disrupt the workforce by their innovative entrepreneur mindset.