Construction Technology TrendsSeptember 2, 2022 ⚊ 1 Min read ⚊ Views 103 ⚊ BUSINESS
Traditional methods of construction are undergoing rapid and constant change. Engineering and construction professionals are increasingly receptive to the notion of digital transformation. Adoption of innovative technologies as identified above have immense benefits for all parties. Dr. Angus Maxwell, CEO and Founder of Maxwell GeoSystems states “we are at the forefront of this meteoric expansion in Construction Technology trends As the industry embraces digitalisation, we are helping our clients to transform their processes without re-inventing the wheel”. The global construction industry is expected to reach an estimated $10.5 trillion by 2023, with a forecasted CAGR of 4.2% from 2018 to 2023 (Source: Global Construction Industry Report). APAC is expected to remain the largest market during the forecasted period, predominantly due to the increasing levels of urbanization, higher expenditure on infrastructure development, along with affordable housing projects.