Cloud Computing in Construction - Thematic Intelligence

Cloud Computing in Construction - Thematic Intelligence

Summary
Cloud computing refers to the provision of IT infrastructure and platform services to deliver a flexible, scalable, and on-demand IT environment. The cloud is now the dominant model for delivering and maintaining enterprise IT resources, including hardware, software, and platforms and tools for application developers. Key segments for the construction sector include cloud services (specifically software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS)).

Key Highlights

According to GlobalData forecasts, the global cloud computing industry was worth $421.7 billion in 2019. By 2026, it will have grown at a compound annual growth rate (CAGR) of 16% to $1,158.8 billion. In the construction sector, cloud computing revenues will reach $44.6 billion by 2026, up from $14.8 billion in 2019.
The construction industry has been generally slow to digitalize and adopt new technologies. As an industry, it relies heavily on manual labor and mechanical technologies, resulting in low productivity. The key barriers to the uptake of more advanced technologies, like cloud computing, are the high upfront investment costs and complex technical requirements. Despite this, the disruptive cloud computing benefits for the industry in the long term are becoming too significant to ignore.

Scope

• This report provides an overview of the cloud computing theme. The detailed value chain comprises two segments: cloud computing stack (SaaS, PaaS, Iaas), and cloud professional services. Leading and challenging vendors are identified across both segments.
• It identifies construction challenges, such as ESG, sourcing, and safety, and an impact assessment of cybersecurity on the construction industry, addressing these challenges.
• It includes three case studies, outlining market-leading use cases of cybersecurity in construction to solve specific challenges such as operational technology vulnerabilities and secure procurement processes.
• It contains comprehensive industry analysis, including forecasts for cybersecurity revenues in construction to 2025, and insight from GlobalData’s Job Analytics and Social Media Analytics databases. It contains details of M&A deals driven by the cybersecurity theme, and a timeline highlighting cybersecurity milestones and events in construction.
• The report has extensive coverage and analysis of relevant companies’ positions in the cybersecurity theme. This includes leading adopters, vendors, and specialist cybersecurity vendors in construction.
• It includes GlobalData’s unique thematic scorecard that ranks construction companies according to their positioning in the ten themes most important to the industry, of which cybersecurity is one.

Reasons to Buy

• This report will help you to understand cloud computing and its potential impact on the construction sector.
• Benchmark your company against your competitors, by comparing how prepared 46 companies in the construction sector are for cybersecurity disruption.
• Identify and differentiate between the leading cybersecurity vendors and formulate an adoption plan for your company.
• Position yourself for future success by investing in the right cybersecurity technologies. Cut through the noise with GlobalData’s priority ratings for each cybersecurity technology for each segment of the industry (conceptual design, feasibility studies, planning and permitting, financing, design and engineering, construction, and operations and maintenance).
• Develop relevant and credible sales and marketing messages for construction companies by understanding key industry challenges and where cybersecurity use cases are most useful.
• Identify attractive investment targets by understanding which companies are most advanced in the themes that will determine future success in the construction industry.