Market Research Report
Global Artificial Intelligence (AI) in Construction Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||773857|
|Published||Content info||128 Pages
Delivery time: 1-2 business days
|Global Artificial Intelligence (AI) in Construction Market 2019-2023|
|Published: December 28, 2018||Content info: 128 Pages||
Increasing adoption of cloud-based solutions to emerge as major trend in the market. The emergence of AI-as-a-service in construction is trending among various industrial users of AI, as it allows individuals and companies to access AI for various applications with heavy initial investment and lowers the risk of failure. Technavio's analysts have predicted that the artificial intelligence (AI) in construction market will register a CAGR of over 28% by 2023.
The increasing data proliferation and complexities have made the process of deploying and maintaining reliable data interfaces difficult. AI in construction allows real time synthesizing of data to facilitate real time analysis or effective decision making.
AI hardware that is currently available on the market is limited in its capabilities, as it does not have the ability to stimulate a human brain, and the software cannot match the intelligence of humans.
For the detailed list of factors that will drive and challenge the growth of the artificial intelligence (AI) in construction market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Oracle and SAP the competitive environment is quite intense. Factors such as the increasing adoption of cloud-based solutions and the increasing demand for data integration and visual analytics, will provide considerable growth opportunities to artificial intelligence (AI) in construction manufactures. Autodesk, IBM, Microsoft, Oracle, and SAP are some of the major companies covered in this report.