Internet of Things in Construction Market Share

On the basis of regional analysis, the IoT in construction market is segmented into five major region including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for IoT in construction in North America industry is predicted to hold largest revenue share by 2036, on account of presence of multiple OEM’s grabbing the use of internet of things in the construction in the region. The Asia Pacific region is projected to account for the highest growth rate owing to the increased demand of IoT in construction from India, China and other Asian countries. The rise in the digitalization and investment in construction sector is fueling the growth of the market.