Construction 4.0 - Underlying Technologies, Use Cases and Telco Positioning Strategies

Construction 4.0 - Underlying Technologies, Use Cases and Telco Positioning Strategies

Summary

“Construction 4.0 - Underlying Technologies, Use Cases and Telco Positioning Strategies” is a new Global Outlook Report by GlobalData that provides an executive-level overview of the Construction 4.0 market as part of our ongoing research on Industry 4.0 and telco positioning opportunities. The report delivers deep qualitative insights into the Construction 4.0 market, Construction 4.0 value chain, and ecosystem dynamics. It also analyzes key trends in the Construction 4.0 market and provides insights into telco activity, positioning approaches, and value propositions.

Construction 4.0 utilizes the foundation set by Industry 4.0 and leverages advanced technologies to improve time efficiency, cost, compliance, outcomes, and create a safer, accident-free working environment. Construction 4.0 encompasses a number of use cases including the use of BIM, asset tracking, automated equipment such as cranes or diggers, drones, and 3D printed materials. Some of the technologies being leveraged for Construction 4.0 are BIM, and big data analytics, IIoT, connectivity, 3D printing and scanning, IoT-enabled equipment, and robotics.

The report provides an in-depth analysis of the following -

• The Construction Ecosystem: the report begins with an analysis of the traditional construction value chain, and the latest trends and technologies affecting the sector.
• The Construction 4.0 Ecosystem: this section defines Construction 4.0 and the key components of the sector’s digital transformation. Then, the report explores the key technologies used in Construction 4.0 and their benefits and how they map across the different steps of the Construction 4.0 value chain.
• Construction 4.0 - Investments in Technologies, Survey: this section utilizes a GlobalData survey to study the key investments construction companies are making in technologies to enable Construction 4.0. This section also derives insights from the survey on the key drivers and barriers for construction companies investing in and adopting new technologies such building information modeling (BIM), artificial intelligence (AI) and big data analytics (BDA), industrial IoT (IIoT) and connectivity, 3D printing and scanning, and equipment and robotics.
• Construction and Technology Companies’ Construction 4.0 Solution Examples: A selection of examples of Construction 4.0 solutions from construction and technology companies.
• Case studies: this section provides five case studies of international telecom operators’ construction portfolios and Construction 4.0 deployments.
• Key Findings and Recommendations: the report concludes with a number of key findings and recommendations for Construction 4.0 stakeholders, including telecom service providers, focusing on how telcos can position themselves as Construction 4.0 enablers and technology providers.

• Construction companies are adopting Construction 4.0 use cases to improve time efficiency, cost, compliance, and project outcomes.
• Construction companies have started investing in technologies such as BIM and cloud computing, but have been slow to adopt technologies such as 3D printing and drones primarily due to budget constraints and slow return on investment.
• Telcos can position as close partners to construction companies in their transformation towards Construction 4.0.
• Telcos can co-create use cases with the industry verticals and with ecosystem partners - e.g., hyperscalers and construction technology companies.
• Telcos can leverage their IoT portfolios to provide construction companies with Construction 4.0 use cases.

• This Global Outlook Report provides a comprehensive examination of the Construction 4.0 value chain and business models. It helps executives fully understand the ecosystem, market dynamics, latest developments, and value chain. It helps telecom decision-makers determine key Construction 4.0 positioning strategies, formulate effective product development plans, and optimize return on investments. It also support construction companies spreadhead and prioritize their digital transformation initiatives and better understand the benefits and applications Construction 4.0 technologies could bring to their operations and assets.
• Five case studies illustrate the findings of the report, providing insights around international telecom operators’ approaches to the construction sector and enabling Construction 4.0.
• The report discusses concrete opportunities in the Construction 4.0 market, providing a number of actionable recommendations for ecosystem participants, including telecom service providers.