Authorization

Global Spending in Construction to Reach $17.5 Trillion by 2030, Finds Frost & Sullivan

Asia to offer the highest growth opportunities and generate almost two-thirds of the global investmentsSANTA CLARA, California, Dec. 9, 2019 /PRNewswire/ -- The construction industry is in the middle of a transition toward new business models that are technology- and data-driven, better collaboration between stakeholders, and higher productivity. The increasingly aging workforce and digitization are prompting greater investments in workforce management and digital solutions. By 2030, global spending in construction is expected to touch $17.5 trillion, with China, the US, 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 US and Canada will contribute almost 20%."Technological advancements in Artificial Intelligence (AI), cloud software, drones, and pre-fab construction will be leveraged to reduce cost and improve quality and speed of construction," said Chaitanya Habib,Visionary InnovationA Research Consultant at Frost & Sullivan. "Smart infrastructure technologies embedded with telematics, too, will influence the future of the industry by creating an intelligent and on-demand system that reduces operational costs and augments productivity."Frost & Sullivan's recent analysis, Future of Construction, Global, 2030, focuses on the key trends that are likely to disrupt the construction industry in the next five to 10 years. It covers the industry trends of digitization, autonomy, new business models, sustainability, as well as economic and social trends across the sectors of residential, non-residential, and infrastructure.For further information on this analysis, please visit: https://frost.ly/3wk
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Январь 2020    »
ПнВтСрЧтПтСбВс
 12345
6789101112
13141516171819
20212223242526
2728293031