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IMARC Group has recently released a report titled “Construction 4.0 Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”. The report states that the global construction 4.0 market size reached US$ 16.2 Billion in 2023 and is expected to reach US$ 56.6 Billion by 2032, exhibiting a CAGR of 14.58%. Construction 4.0 utilizes digital tools such as Building Information Modeling (BIM), IoT sensors, and cloud computing to facilitate real-time data sharing and collaboration among stakeholders. The surge in urbanization and the advancement of smart cities and infrastructure projects are key drivers behind the increasing demand for Construction 4.0 technologies.
