Construction Services Procurement Intelligence expected to grow at a CAGR of 11.8% from 2023 to 2030
Construction Services Procurement Intelligence The construction services category is expected to grow at a CAGR of 11.8% from 2023 to 2030. With technological advancements in the construction process, rising investments by governments toward economic infrastructural development, and green building initiatives, the construction industry has evolved which has resulted in rising construction services. Service providers are focusing on adopting new technologies such as 3D printing, Augmented Reality (AR), Virtual Reality (VR), helmet revolution, and various construction software. Hard hats have been one of the trends around construction sites for the safety of workers. For instance, HexArmor developed a helmet, Kinetix, which could reduce the impact by up to 40% on the head and neck. The construction sector, like numerous other industries, is experiencing a significant transformation through IoT technology. By integrating connected devices, machines, and sensors, construction ...