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How IT Helps
the Construction Industry

How IT Helps <br>the Construction Industry
The construction market size in the US
The construction industry was hit hard at the start of the pandemic COVID-19. Has something changed?

The construction market size in the US was valued at $1.9 trillion in 2021, and it is expected to reach 14.4 trillion in 2030. In the wake of the pandemic COVID-2019, most construction projects were put on hold. Construction, as the world’s least digitized industry, has been hit hard by the crisis, as too many core processes were implemented with pen and paper or Excel.

In 2022, the industry has started to adopt new tech solutions, but the progress remains slow. The lack of tech innovations on construction sites results in increased costs, job delays, and workplace safety hazards. This gave rise to construction tech solutions aiming to address these challenges.

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