The article cited AMA's Global AI in Construction Market Study explored substantial growth with CAGR of 34.1%. According the report, The Growing Need for More Safety Measures at Construction Sites is one of the primary growth factors for the market. Rising Demand for AI-based Platforms and Solutions and Adoption of Industry 4.0 and IIoT is also expected to contribute significantly to the AI in Construction market. Overall, Project management applications of AI in Construction, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as IBM (United States), Microsoft (United States), Oracle (United States), SAP (Germany), Alice Technologies (United States), eSUB (United States), Smartvid.io (United States), Aurora Computer Services(England), Autodesk (United States) and Building System Planning (United States) may see astonishing sales in this Market and certainly improve revenue growth.

The Organization Size, such as Residential, is boosting the AI in Construction market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Deployment Type, such as Cloud, is boosting the AI in Construction market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Technology, such as Machine learning and deep learning, is boosting the AI in Construction market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Industry Type, such as Small and Medium-sized Enterprises (SMEs), is boosting the AI in Construction market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Stage, such as Pre-construction, is boosting the AI in Construction market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Component, such as Solutions [Design and planning, Revenue estimation, Virtual assistant, Demand forecasting, Predictive maintenance, Others (root cause analysis and customer/buyer analysis)], is boosting the AI in Construction market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global AI in Construction market identified that the demand is rising in many different parts of the world as "Increasing Construction Activities Due to Smart City Initiatives ". Furthermore, some recent industry insights like "On 13th September 2018, Fluor Corporation and IBM (NYSE: IBM) announced today the use of artificial intelligence-based systems to predict, monitor and measure the status of engineering, procurement, fabrication and construction (EPC) megaprojects from inception to completion" is constantly making the industry dynamic. One of the challenges that industry facing is "Monitoring the Highly Unstructured Jobsite Environments"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of AI in Construction market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of AI in Construction market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the AI in Construction market tight?
• Which application/end-user category or Product Type [] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the AI in Construction market and other related sub-markets covered in the study.

o Key & emerging players in the AI in Construction market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall AI in Construction market size is calculated using market estimation process, the AI in Construction market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global AI in Construction market size has been validated using both top-down and bottom-up approaches.