Published by TMR Research Insights
Posted on September 28, 2021
5 min readLast updated: February 1, 2026
AI is revolutionizing construction by improving project management and safety. Despite COVID-19 setbacks, North America leads the market with significant growth expected by 2031.
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Artificial Intelligence in Construction Market: Key Drivers
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Impact of COVID-19 on the Artificial Intelligence in Construction Market
North America to Hold Major Share of the Artificial Intelligence in Construction Market
Key Players Operating in the Global Artificial Intelligence in Construction Market
ALICE Technology, Inc. was incorporated in 2013 and is headquartered in California, U.S. The company develops artificial intelligence-driven construction engineering software for real estate, general contractors, and subcontractors. The company’s technology produces and analyzes valid schedules for huge construction projects, allowing contractors and owners to design, bid, and build more efficiently.
Microsoft Corporation was incorporated in 1975 and is headquartered in Washington, U.S. It is an international technology company engaged in the development of various devices and software and volume licensing. The company offers numerous software products, services, and devices across the world to accommodate each market-specific need.
Other key players operating in the global artificial intelligence in construction market include Oracle Corporation, International Business Machines Corporation, SAP SE, and Esub, Inc.,
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Artificial Intelligence in Construction Market, by Component
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The article discusses the impact and growth of artificial intelligence in the construction market.
AI improves project management, safety, and cost efficiency in construction.
High initial costs and limited awareness are major challenges.
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