Construction in 2021: Trends, Technology and Key Advice

The construction industry has faced one of the worst phases in its history this year with all construction activities suddenly grinding to a halt due to the COVID-19 pandemic.

Due to lockdown and social distancing norms, a large number of projects under construction have been halted, and a considerable amount of investment now remains locked in these incomplete projects.

The construction industry, which is both labor and cost-intensive, will have a significant paradigm shift in 2021. When we look back over the history of the industry’s work, some major advances have occurred, and there is no reason why this should not happen again next year. In fact, here are some of the most notable trends that experts believe you should expect to see in the construction industry next year:

IOT in Construction

“The market size of Internet of Things (IoT) in construction is estimated at USD 7.8 billion in 2019 and is projected to reach USD 16.8 billion by 2024, at a CAGR of 16.5% between 2019 and 2024.” Global Forecast to 2024 Report

IoT in construction is widely used in remote operations, fleet management, safety management, and predictive maintenance applications. There is a significant demand for IoT in construction in the emerging economies, which…