Sign In
The CEO Views Small logos
  • Home
  • Technology
    Artificial Intelligence
    Big Data
    Block Chain
    BYOD
    Cloud
    Cyber Security
    Data Center
    Digital Transformation
    Enterprise Mobility
    Enterprise Software
    IOT
    IT Services
    Innovation
  • Platforms
    How IBM Maximo Is Revolutionizing Asset Management
    How IBM Maximo Is Revolutionizing Asset Management
    IBM
    7 Min Read
    Optimizing Resources: Oracle DBA Support Services for Efficient Database Management
    Oracle
    Oracle
    9 Min Read
    The New Google Algorithm Update for 2021
    google algorithm update 2021
    Google
    5 Min Read
    Oracle Cloud Platform Now Validated for India Stack
    Service Partner Horizontal
    Oracle
    3 Min Read
    Oracle and AT&T Enter into Strategic Agreement
    oracle
    Oracle
    3 Min Read
    Check out more:
    • Google
    • HP
    • IBM
    • Oracle
  • Industry
    Banking & Insurance
    Biotech
    Construction
    Education
    Financial Services
    Healthcare
    Manufacturing
    Mining
    Public Sector
    Retail
    Telecom
    Utilities
    Gaming
    Legal
  • Functions
    RISMA Systems: A Comprehensive Approach to Governance, Risk and Compliance
    Risma Systems
    ENTREPRENEUR VIEWSGDPR
    9 Min Read
    Happiest Minds: A “Privacy by Design” approach is key to creating GDPR compliant businesses
    Happiest Minds 1
    GDPR
    8 Min Read
    Gemserv: GDPR 2020 and Beyond
    Gemserv 1
    GDPR
    9 Min Read
    ECCENCA:GDPR IS STILL AN UNTAMED ANIMAL
    eccenca 1
    GDPR
    6 Min Read
    Boldon James: HOW ENTERPRISES CAN MITIGATE THE GROWING THREATS OF DATA
    Boldon James 1
    GDPR
    8 Min Read
    Check out more:
    • GDPR
  • Magazines
  • Entrepreneurs Views
  • Editor’s Bucket
  • Press Release
  • Micro Blog
  • Events
Reading: ROLE OF CONSTRUCTION TECHNOLOGY
Share
The CEO Views
Aa
  • Home
  • Magazines
  • Enterpreneurs Views
  • Editor’s Bucket
  • Press Release
  • Micro Blog
Search
  • World’s Best Magazines
  • Technology
    • Artificial Intelligence
    • Big Data
    • Block Chain
    • BYOD
    • Cloud
    • Cyber Security
    • Data Center
    • Digital Transformation
    • Enterprise Mobility
    • Enterprise Software
    • IOT
    • IT Services
  • Platforms
    • Google
    • HP
    • IBM
    • Oracle
  • Industry
    • Banking & Insurance
    • Biotech
    • Construction
    • Education
    • Financial Services
    • Healthcare
    • Manufacturing
    • Mining
    • Public Sector
    • Retail
    • Telecom
    • Utilities
  • Functions
    • GDPR
  • Magazines
  • Editor’s Bucket
  • Press Release
  • Micro Blog
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
The CEO Views > Blog > Industry > Construction > ROLE OF CONSTRUCTION TECHNOLOGY
Construction

ROLE OF CONSTRUCTION TECHNOLOGY

The CEO Views
Last updated: 2024/03/04 at 4:38 AM
The CEO Views
Share
ROLE OF CONSTRUCTION TECHNOLOGY
ROLE OF CONSTRUCTION TECHNOLOGY

It’s been a decade since construction players began embracing digital solutions. In the early- to mid2010s, thousands of new market entrants offered point solutions that served existing use cases or, in some instances, created new ones. The first widely adopted construction point solutions addressed basic needs; for example, improving design capabilities or digitizing paper-based information. By the second half of the decade, industry players—spurred by end-customer feedback about their difficulty integrating point solutions—began expanding their product portfolios to create suites of integrated solutions.

While the construction technology industry is still filled with players offering point solutions or limited suites, our latest annual effort to map and understand the construction technology landscape reveals that the industry is moving toward platforms and predicts that a combination of multiple platforms will coexist in the space. As the global COVID-19 pandemic forces many construction players to digitize and use technology to ensure the safety of their workers and boost productivity, this dynamic will likely only continue to accelerate. There are significant opportunities to create value for both strategic and financial investors that are evaluating consolidation plays.

COVID-driven impacts

The continuing pandemic has also had an impact on the construction technology industry. As thousands of health professionals heroically battle the COVID-19 virus, construction industry leaders are also charting a path toward keeping their employees, contractors and end-users safe. Indeed, the bulk of short- and long-term pandemic-driven construction industry issues will be solved with technology. Top construction companies were already investing heavily in technology pre-pandemic. By necessity, contractors, architects, engineers, and suppliers have quickly shifted to working and collaborating digitally—from video-call site meetings to filling digital orders. While there has already been a rapid increase in collaboration technology uptake, the pandemic has also triggered a painful shakeout. Many contractors are seeing shrinking backlogs and more competitive bidding environments, which have analogously impacted the construction tech industry. Construction tech players have been forced to lay off employees and cut costs to manage cash flow.

Continued uncertainty on recovery timelines and the risk of virus resurgence could drive an additional wave of bankruptcies among smaller players, further accelerating the trend toward industry consolidation. Taking the good with the bad, we expect that the continuing COVID-19 pandemic will drive a net acceleration in the use of technology and the construction industry will continue its transformation from a highly complex, fragmented, and project-based industry to a more standardized, consolidated, and integrated one.

Construction tech in the platform era in 2018, we first assembled multiple data sets and employed advanced analytics to map the global construction technology industry ecosystem. We recently refreshed our analysis and found that the largest clusters of use cases include 3-D printing, modularization, and robotics; digital-twin technology; artificial intelligence (AI) and analytics; and supply-chain optimization and marketplaces.

The CEO Views July 27, 2022
Share this Article
Facebook Twitter LinkedIn Email Copy Link
Previous Article Finance Lobby 1 FINANCE LOBBY: Driving Innovation in CRE Financing
Next Article 6 Types of Construction Technology You Will Use in the Future 6 Types of Construction Technology You Will Use in the Future
When Every Second Counts Benchmarking Proxies for Real Time Price Intelligence

When Every Second Counts: Benchmarking Proxies for Real-Time Price Intelligence

June 27, 2025
Safeguarding Your Freight The Ultimate Guide to Protecting Your Palletized Cargo
Automotive

Safeguarding Your Freight: The Ultimate Guide to Protecting Your Palletized Cargo

The CEO Views By The CEO Views November 27, 2024
Analytics Success Strategies scaled 1
Editor's Bucket

The Top 5 Analytics Success Strategies in Company Outcomes

The CEO Views By The CEO Views February 16, 2024
Dee Armstrong, CEO
ENTREPRENEUR VIEWS

Dee Armstrong: A Trailblazer in Transforming Medical Research

The CEO Views By The CEO Views July 29, 2025
What are Some Ways to Avoid Being Sued for Medical Negligence
Legal

What are Some Ways to Avoid Being Sued for Medical Negligence?

The CEO Views By The CEO Views June 27, 2025

Top 10 Magazines Offering Detailed Insights on Crypto currency

August 7, 2025

The Global CEO’s Challenge: Navigating the Complexities of Cross-Border Payments

August 6, 2025

How a Rent Loan Can Help You Avoid Eviction

August 6, 2025

Strategic Layout: How Casino UX Design Influences Your Gaming Behavior?

August 6, 2025

You Might Also Like

5 Benefits of Building A New Home In Hampton Roads Virigina
Construction

5 Benefits of Building A New Home In Hampton Roads Virigina

8 Min Read
What’s the Difference Between Acrylic and Polycarbonate
Construction

What’s the Difference Between Acrylic and Polycarbonate?

4 Min Read
3 Top Uses of Orbital Pipe Saws In Welding and Construction
Construction

3 Top Uses of Orbital Pipe Saws In Welding and Construction

8 Min Read
The Benefits of Building a Relationship
Construction

The Benefits of Building a Relationship with your Commercial Roofing Contractor

8 Min Read
Small logos Small logos

© 2025 All rights reserved. The CEO Views

  • About Us
  • Privacy Policy
  • Advertise with us
  • Reprints and Permissions
  • Business Magazines
  • Contact
Reading: ROLE OF CONSTRUCTION TECHNOLOGY
Share

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?