Explore the forefront of construction evolution with our AI in Construction Theme Analysis. Dive deep into the transformative impact of artificial intelligence on the building industry. Uncover innovative trends, smart technologies, and the future landscape of construction, as we decode the blueprint for a more efficient, sustainable, and intelligent tomorrow.

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The construction industry has been slower than other sectors to implement AI as it is a difficult industry to digitalize. The vast and complex data sets needed for building information management (BIM) have been historically difficult to process. However, AI adoption in the construction industry is gaining traction and will continue to grow over the coming years. This is becoming possible due to developments in chips and cloud computing. AI applications in the construction industry can facilitate planning, design, modeling, safety, site monitoring and maintenance, and emissions tracking.

AI in Construction – Industry Analysis

The AI market was valued at $81.3 billion in 2022. The market is expected to achieve a CAGR of more than 35% between 2022 and 2030. The AI consulting and support services category is currently the largest market segment as companies try to find the best way to integrate AI into their business processes and understand how AI applications can add value. AI conversational platforms are the fastest-growing segment. This growth will partly be driven by the significant improvement in language models since the release of GPT-3 by OpenAI in 2020.