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Top 5 Growth Opportunities in Digital Construction Management, 2024

Publisher Frost & Sullivan
Published Dec 12, 2023
SKU # MC18381647

Description

Top 5 Growth Opportunities in Digital Construction Management, 2024



This research study delves into digital building lifecycle management with a top-level analysis of near-future trends that will influence and drive its growth in 2024. Digital construction management is undergoing a multifaceted technological evolution and is expected to exhibit accelerated growth in 2024. Emerging innovators challenge established players by introducing high-performance digital twin platforms and building information modeling (BIM) tools. These companies provide prescriptive and cognitive twins equipped with optimization, simulation, autonomous features, and interactive immersive capabilities. Factors driving this growth include the growing demand for digitalizing mega infrastructure projects; the need for unifying digital building lifecycle management platforms; the growing importance of implementing sustainable construction techniques; and the need for multiple stakeholder collaborations and seamless management of construction projects across the project lifecycle. This research service explores the top 5 trends in digital construction management, identifies strategic imperatives, assesses the industry landscape to help market participants seize growth opportunities, and highlights best practices within this ecosystem.

Table of Contents

Top Growth Opportunities for 2024
Strategic Imperatives
Top 5 Growth Opportunities
Growth Opportunity 1: Next-generation BIM to Perform Outcome-based Design
Growth Opportunity 2: High-growth Regions to Fuel Increased Adoption of Digital Construction Management Solutions
Growth Opportunity 3: Cloud-based Construction Analytics to Empower AEC Professionals
Growth Opportunity 4: Digital Twin-enabled Metaverse to Aid Mega Built Infrastructure Projects
Growth Opportunity 5: Generative AI to Automate Field Processes and Revolutionize Customer Support
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