We know that the digital transformation and digital revolution of the engineering and construction industry is slowly but firmly underway. IoT is a digitalization-related technology, so let's take a look at what benefits it can bring to the construction industry.
What benefits does IoT bring to the construction industry?
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Key statistics of IoT in the construction industry
The following key statistics come from some trusted market research websites such as Statista, Alliedmarket research, MarketandMarkets, and many more.
- The global building IoT market is valued at $12.3 billion and will reach $26.5 billion by 2027, growing at a CAGR of 16.5%.
- Among them, North America has the largest IoT market share in the construction sector, with a market share of 40.4%.
- By 2031, the global IoT building market will exceed $34 billion by the end of the year.
- During the forecast period 2022-2030, the major key factors driving IoT in buildings are security and productivity.
The main benefits that IoT brings to the construction industry
IoT has several advantages that make it one of the most promising technologies in the construction industry. Construction companies can take advantage of enhanced connectivity, machine-to-machine connectivity, data collection from sensors, data analytics, and more.
Here are the key benefits of IoT in the construction industry:
1. Security
Ensuring the safety of workers from any man-made disasters is one of the biggest concerns of any construction company. Although most construction sites follow all safety measures, accidents can happen.
IoT sensors help reduce risk. If workers wear wearable sensors on their uniforms, then in any emergency, management is immediately notified.
2. Resource management
Resource management is a necessity for productivity in any industry. Real-time results from the use of IoT in buildings can provide better results. The simplest example is employee attendance. With the Internet of Things, resources can be easily managed.
Even with the help of sensors, it is possible to observe how long a specific person has been present in a particular area. It can directly or indirectly reduce employee idleness.
3. Remote management
The construction industry is very easy to handle jobsites and labor with the help of IoT technology. The best and simple example is drone surveillance, which facilitates the person in charge to monitor the construction site.
If RFID tags are used, then the drone can also identify them. IoT also helps monitor areas that people can't access until the site is ready.
4. Concrete curing
Cement and concrete are the only elements of any construction site. Concrete curing sensors can help speed up the construction process. Can it grab the temperature of concrete? Yes, it helps detect temperature. Embedded sensors track the curing process during pouring. Based on the data received on the cloud, you can plan for the next phase.
These are some of the main benefits of IoT in the construction industry, laying a solid foundation for the use of IoT-driven construction/construction management software.
The future development of IoT in the construction industry
Although the application of IoT in the construction industry is still in its early stages, with the rapid development of IoT sensor and technology research, there will be multiple possibilities in the future. The 2022-2030s will involve the Internet of Things, artificial intelligence and machine learning.
The real estate market is highly competitive, and new technologies are emerging. So, if you, as a business owner, it's your responsibility to equip your employees with new devices and drive technologies like IoT.
In order to advance the business, it will be beneficial to leverage digital practices. A mobile app developer can be hired to develop an IoT application that provides a new experience for employees. Overall business growth will depend on better use of resources.
Similarly, IoT in buildings can help you best.
IoT is one of the best technologies in the construction industry, and it is useful for:
- monitor
- survey
- Get data from sensors
- Reduce delays in site development
- resource management
- Safety and security
- ...... Wait a minute
Because of these advantages, most real estate businesses are eager to adopt IoT technology.
In addition, statistics also indicate that this number will increase significantly in the coming period. By 2027, the IoT scale of the construction market will reach $26.5 billion. That's more than the previous year, 2022 ($12.3 billion).
【To be continued】
The fifth day of the eighth lunar month
2023.9.19
[Some pictures are from the Internet, invaded and deleted]