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Global IoT in Construction Market Value Expected to Reach USD 17.7 billion by 2027

(IT-NEWSWIRE.COM, July 21, 2021 ) Construction is a continuous process that not only acts as a foundation for urbanization but also as a source of employment and new complexes and structures. The importance of constructing new and innovative structures is something that everyone understands and accepts. The term IoT in Construction was recently coined as an application, and it simply refers to the employment of technological equipment, such as the Internet of Things, and modern-day internet software, in the construction process in order to maximize the project's efficacy.



The industry landscape is being stimulated by increased government interest in the creation of smart cities, as well as rising demand for smart homes and buildings. The building industry's integration of IoT is being fueled by a growing focus on virtual power plants, intelligent matrices, efficient dwellings, and enhanced urban communities. Growing demand for smart houses and apartments, as well as the creation of commercial complexes integrated with innovative technologies, will enhance the business outlook in the future years.



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This report offers the major market player’s profiles, such as Caterpillar Inc. (US), Oracle Corporation (US), Hitachi Ltd. (Japan), CalAmp Corp. (US), Sigfox (France), and Autodesk Inc. (US)



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Obtain comprehensive insights on the IoT in Construction market trends

Note comprehensive analysis of the market status

Identifies the market opportunities and growth segments

Assessing business segments & product portfolios, and explain competitive dynamics

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The IoT in Construction market report provides geographic analysis covering regions, such as North America, Europe, Asia Pacific, and Rest of the World. The IoT in Construction market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.



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