Furthermore, AI is widely used in the construction industry to create industrial Internet of Things (IIoT)-based applications for building sites. As a result, building companies have embraced machine intelligence technology through predictive maintenance and risk management solutions. WASHINGTON, J(GLOBE NEWSWIRE) - The Global Artificial Intelligence (AI) in Construction Market is valued at USD 594.6 Million in 2022 and is projected to reach a value of USD 4909.7 Million by 2030 at a CAGR (Compound Annual Growth Rate) of 35.2% over the forecast period 2023-2030.Īrtificial intelligence has emerged to help improve regulatory standards and detect hazards on building sites before they occur. Vantage Market Research, The North Star for the Working World
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