Machine learning is a subtype of AI which allows computers and software to learn and evolve based on available data.

Today, AI in construction industry has become a common tool for carrying out many construction activities. In addition, many big companies in the construction industry all across the globe are immensely adopting AI as it boasts a multitude of applications. AI has the ability to accurately evaluate the cost overrun of a project, on the basis of factors such as type of contract, size, and also the level of competence of the managers to risk moderation via self-driving machinery and equipment.

New York, USA, July 05, 2022 (GLOBE NEWSWIRE) -- A new report on the global artificial intelligence in construction market has been added by Research Dive to its repository. According to the report, the global market is expected to hit $2,642.4 million by 2026, rising at a CAGR of 26.3% from 2019 to 2026. This report is a meticulous study offering reliable insights into the present situation and future scope of the global industry. The report is drafted by expert market analysts and assures to be a trustworthy source of data and comprehensive market insights for new market players, investors, prevalent players, stakeholders, shareholders, etc. The key factor thriving the growth of the global artificial intelligence in construction market is the rising demand for artificial intelligence in constructions as it helps in saving time and money, and increases the efficiency of construction activities.

The Artificial Intelligence (AI) in Construction Market Research Report is a professional asset that provides dynamic and statistical insights into regional and global markets. It includes a comprehensive study of the current scenario to safeguard the trends and prospects of the market. Artificial Intelligence (AI) in Construction Research reports also track future technologies and developments. Thorough information on new products, regional and market investments is provided in the report. This Artificial Intelligence (AI) in Construction research report also scrutinizes all the elements businesses need to get unbiased data to help them understand the threats and challenges ahead of their business.

Artificial Intelligence (AI) is the technology that allows machines to make intelligent decisions while applying the required skills. Global Artificial Intelligence (AI) in Construction Market was valued at US$ 449.7 million in the year 2018 and is expected to reach US$ 2,107.8 million by the year 2023, growing at a CAGR of 36.2%. The rising need for safety and security in the construction sector, coupled with an increasing demand for reducing the overall cost, is expected to drive the market. However, the complexity of the algorithms which has led to slower adoption of AI in the construction sector, is expected to hinder the growth of the market. The report overview includes studying the market scope, leading players like IBM (US), Alice Technologies (US), Aurora Computer Services (UK), Autodesk (US), Building System Planning (US), eSUB (US), etc., market segments and sub-segments, market analysis by type, application, geography.

Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Latest published market study on Global Artificial Intelligence (AI) in Construction Market provides an overview of the current market dynamics in the Artificial Intelligence (AI) in Construction space, as well as what our survey respondents--all outsourcing decision-makers--predict the market will look like in 2027. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities. Some of the players that are in coverage of the study are Renoworks Software, SmarTVid.Io, Jaroop, Smartvid.io, Get ready to identify the pros and cons of regulatory framework, local reforms and its impact on the Industry. Market Factor Analysis: In this economic slowdown, impact on various industries is huge.

Today, AI in construction industry has become a common tool for carrying out many construction activities. In addition, many big companies in the construction industry all across the globe are immensely adopting AI as it boasts a multitude of applications. AI has the ability to accurately evaluate the cost overrun of a project, on the basis of factors such as type of contract, size, and also the level of competence of the managers to risk moderation via self-driving machinery and equipment.

This Report Represents the worldwide Artificial Intelligence in Construction market size (value, consumption, and production), splits the breakdown (data status 2014-2019 and forecast to 2026), by manufacturers, region, type, and application. This study also analyzes the market status, future trends, market drivers, market share, growth rate, opportunities and challenges, sales channels, distributors, risks and entry barriers, and Porter's Five Forces Analysis which also includes coronavirus updates. It also has an In-depth analysis of the industry's competitive landscape, restraints, detailed information about different drivers, and global opportunities. Key competitors included in Global Artificial Intelligence in Construction Market are IBM, Microsoft, Oracle, SAP, Alice Technologies, eSUB, SmarTVid.Io, DarKTrace, Aurora Computer Services, Autodesk, Jaroop, Lili.Ai, Predii, Assignar, Deepomatic, Coins Global, Beyond Limits, Doxel, Askporter, Plangrid, Renoworks Software, Building System Planning, Bentley Systems Don't miss out on business opportunities in Artificial Intelligence in Construction Market. Artificial Intelligence in Construction Market 2020 global industry research report is a professional and in-depth study on the market size, growth, share, trends, as well as industry analysis. The report begins with an overview of the industry chain structure and describes the upstream.

Global Marketers presents an updated and Latest Study on Artificial Intelligence In Construction Market 2020-2026. This report comprises a detailed study of the market covering its future predictions by the past year as a reference for the period between 2020 and 2026 as the forecast period. The report breakdowns major segments and highlights wider level geographies. This report also offers an all-inclusive study of the future trends and developments of the market. The key insights and evaluations presented in this Artificial Intelligence In Construction report are worth knowing for any market participant, helping them in ascertaining the superior dynamics and the future trajectories of the global Artificial Intelligence In Construction Market.