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IoT in Construction Market Set to Triple by 2030

1/24/2025

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Summary

IoT Transformation: Construction Boom

The global Internet of Things (IoT) in construction market is booming, currently valued at around USD 10.64 billion and expected to soar to USD 28.91 billion by 2030, fueled by a remarkable growth rate of over 15.35%. This surge is driven by the promise of enhanced operational efficiency, heightened safety, and proactive maintenance, particularly in countries like Vietnam, Thailand, and Japan.

Summary

IoT Growth: Energy Surge

The global IoT in Energy market is poised for explosive growth, skyrocketing from $26.14 billion in 2024 to an impressive $81.71 billion by 2033, fueled by a 13.5% annual growth rate. This surge is largely propelled by the urgent demand for energy efficiency and smart grid integration, though the looming threat of cybersecurity poses a critical hurdle to its full potential.

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IoT Transformation: Construction Boom

The global Internet of Things (IoT) in construction market is booming, currently valued at around USD 10.64 billion and expected to soar to USD 28.91 billion by 2030, fueled by a remarkable growth rate of over 15.35%. This surge is driven by the promise of enhanced operational efficiency, heightened safety, and proactive maintenance, particularly in countries like Vietnam, Thailand, and Japan.

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