Future Proofing Buildings & Construction Sector through Digital Transformation

Published: 14 Sep 2017

By Ravi Krishnaswamy, Senior Vice President – Energy, Environment & Buildings Practice, Frost & Sullivan

Global construction market turnover is estimated to reach $10.10 trillion in 2021 and Asia will account for nearly half of that value. For an industry which accounts between 6% and 8% of the global GDP, the pace of technology adoption has been rather slow, thus hampering economic and productivity gains. However, the combination of new mega trends such as urbanization, connectivity & convergence, smart is the new Green, artificial intelligence, and social trends are driving transformational changes in the construction industry.

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