Global Market Size, Forecast, and Trend Highlights Over 2025-2037
IoT in Construction Market size was valued at USD 13.47 billion in 2024 and is set to exceed USD 95.92 billion by 2037, registering over 16.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of IoT in construction is evaluated at USD 15.34 billion.
The key factors expected to drive the growth of the market include safety & security concerns, increase in the productivity at construction site along with a significant demand for IoT in construction. In order to overcome challenges related to safety and theft at the construction site, human security agents are not sufficient to monitor the huge construction sites. With the help of IoT, the sensors will easily notify the current location of the lost material and it will update the risks associated with the work and the workers. Further, with real time IoT data, every worker will get updated about the job site issues and will be able to prevent the situations that can lead to an incident.
