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Artificial Intelligence in Construction Market Share

Report ID: GMI6024
Published Date: Jun 2023
Report Format: PDF

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AI in Construction Market Share

Major companies operating in the AI in construction market are:

Alice Technologies Inc.
Autodesk, Inc.
Bentley Systems Inc.
Dassault Systemes SE
IBM Corporation
Microsoft Corporation
NVIDIA Corporation
Oracle Corporation
Predii
PTC Inc.
SAP SE
Smartvid.io Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of AI in construction was reached USD 2.5 billion in 2022 and is set to record over 20% CAGR through 2032, owing to improving efficiency and productivity through the optimization of project scheduling, resource allocation, and task management, leading to shorter timelines & reduced costs.

The project management segment held over 35% of the market share in 2022. AI technologies are being leveraged to streamline and optimize various aspects of project management, as these tools assist in resource allocation and scheduling & task management, improving the overall efficiency & productivity.

North America accounted for 30% market share in 2022, as the region benefits from advanced technological infrastructure and a strong focus on innovation.

Alice Technologies Inc., Autodesk, Inc., Bentley Systems Inc., Dassault Systemes SE, IBM Corporation, Microsoft Corporation, NVIDIA Corporation, Oracle Corporation, Predii, PTC Inc., SAP SE, and Smartvid.io Inc.