Construction's Future: Technology and More Technology - Constructech

All the buzzwords are there, like a science fiction novel, but this isn't fiction; it's the future of construction. According to its analysts, the construction industry is in the middle of a move toward new business models that are technology-driven and data-driven, provide better collaboration between stakeholders, and result in higher productivity. The aging workforce and digitization will require greater investments in workforce management and digital solutions. By 2030, global spending in construction is expected to touch $17.5 trillion, with China, the U.S., and India leading the way and accounting for 57% of all global growth. More than 60% of the global infrastructure investment will be in emerging economies, particularly Asia, while the U.S. and Canada will contribute almost 20%.