SAN FRANCISCO, Aug. 26, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Artificial Intelligence (AI) in Construction – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: May 2021
Executive Pool: 134667
Companies: 351 – Players covered include Alice Technologies; Askporter; Assignar; Aurora Computer Services; Autodesk; Bentley Systems; Beyond Limits; Building System Planning; Coins Global; DarKTrace; Deepomatic; Doxel; eSUB; IBM; Jaroop; Lili.Ai; Microsoft; Oracle; Plangrid; Predii; Renoworks Software; SAP; SmarTVid.Io and Others.
Coverage: All major geographies and key segments
Segments: Component (Solutions, Services); Stage (Pre-Construction, Construction-Stage, Post-Construction); End-Use (Heavy Construction, Residential, Public Infrastructure, Other End-Uses); Application (Project Management, Asset Management, Risk Management, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Artificial Intelligence (AI) in Construction Market to Reach $4 Billion by 2026
Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) in Construction estimated at US$694.4 Million in the year 2020, is projected to reach a revised size of US$4 Billion by 2026, growing at a CAGR of 31.2% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to record 30.3% CAGR and reach US$3.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 33% CAGR for the next 7-year period.

The U.S. Market is Estimated at $285.8 Million in 2021, While China is Forecast to Reach $621.7 Million by 2026
The Artificial Intelligence (AI) in Construction market in the U.S. is estimated at US$285.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$621.7 Million by the year 2026 trailing a CAGR of 30.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28% and 26.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 22% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.