During the past few years, the construction industry has made great strides in shedding its image as a slow adopter of digital technology. Today, it’s no longer a question of if software, internet of things (IoT) sensors, mobile devices and other technology is being used on the jobsite, but rather what types. Construction tech has helped contractors manage jobsites more efficiently, safely and cost effectively, and this success has sparked a whole new level of tech enthusiasts who will increasingly find new ways to apply it to address growing construction challenges.
As we move forward into 2020, the construction industry and national infrastructure projects as a whole will continue to grow, especially in urban areas, as the need for more multifamily and multiuse buildings rise. According to FMI, United States construction spending for all sectors was projected to hit $1.35 trillion in 2019, and it’s expected to increase incrementally to $1.46 trillion in 2022.