The construction industry, notorious for its adherence to tradition, is facing a metamorphosis driven by the Internet of Things (IoT). This web of interconnected devices promises to revolutionize the way we build, streamlining processes, boosting efficiency, and prioritizing safety. John Ridgeway explores this exciting shift.
Market research anticipates an explosion in the global IoT construction market. A report by SNS Insider predicts a staggering market size of USD 48.2 billion by 2031, fuelled by a robust Compound Annual Growth Rate (CAGR) of 16.4%. This growth is propelled by several key factors. As construction projects become increasingly intricate, tighter deadlines and stricter budgets become the norm. IoT solutions offer a lifeline, providing real-time data collection, optimized resource allocation, and enhanced progress tracking, ultimately leading to significant efficiency gains. Follow the link to read more