Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Technological Advancement and a Vision for Sustainability will Drive Change in Building Construction Business Models
save 10 %
* Required Fields
Pay by invoice
Asia-Pacific is expected to record substantial building construction development in the next five years despite some impact from the COVID-19 pandemic in 2020. This is mainly impacted by the rapid urbanization and heavy investment in the region.The building construction industry is facing several challenges such as declined project productivity, workforce scarcity, rising cost of building materials, site safety issues, and an overwhelming number of technological solutions, which complicates decision making in construction processes.Notable building construction technologies include augmented and virtual reality, 3D printing, building information modelling (BIM), automation and robotics, and wearables and innovative materials. In addition to advances in technology, sustainability trends such as prefabrication construction, sustainable construction, and green building are likely to revolutionize the conventional building construction sector, and consequently disrupt the way business is done. Several innovative business models have emerged. Most innovative business models belong to the Business-to-Business (B2B), Business-to-Consumer (B2C), and Consumer-to-Consumer (C2C) categories. Amongst them, the vertically integrated, servitization (or XaaS) and off-site construction business models are likely to be developed in the next five years.This study also documents several companies that have successfully adopted innovative business models. These include Doorsteps and PropertyGuru (multi-sided platforms), Plant Prefab (off-site construction), Armstrong World Industries (circular construction), Katerra (vertical integration), and Hilti and TerraDrone (Anything-as-a-Service, XaaS).This outlook was created over the past several months based on the underlying fundamentals of the industry. While in production, the impact of COVID-19 on the market is beginning to take shape. We are working to address this using a multi-discipline process. Please stay tuned for more intelligence on how the pandemic might change the underlying assumptions and directions of the market.Growth opportunities identified from this study:• To invest in building employee capability in operating advanced construction machinery and IT software• To re-examine the business model of construction companies for the benefits of a more systematic operation and transparent collaborations with other project participants• To absorb circular building projects and to establish local prefabrication plants as solutions that drive sustainability in the industry• To form vertical integration fusing large companies, small and medium-sized enterprises (SMEs), and start-up businesses and offer a one-stop construction service• To begin using common platforms such as building information modelling (BIM) in all construction projectsIn conclusion, the building construction value-chain will shift from sequential (conventional value chain) to innovative business models, where future value-chain prospects will appear to be interconnected and performed simultaneously.Building technology companies that provide software offerings with artificial intelligence, data analytics, or cloud capabilities as part of their business model will likely thrive in the post-COVID-19 market. The main goal would be to provide the right technical resources and monetization methods, as customers are likely to be financially troubled after the pandemic.The logic of the value chain will transform into value networks. This means that the value will be co-created by a combination of building industry participants in the network. It is this knowledge exchange that will drive the proactive production of goods and services, thus bringing changes and innovation to business models in the industry.
Global Low Voltage Switchgear Growth Opportunities
Australia Facility Management Growth Opportunities
Global Li-Fi and Optical Camera Communications Growth Opportunities
Top 50 Companies Accelerating Digitalization in the Global Homes and Buildings Industry
North American Heating, Ventilation, and Air Conditioning Growth Opportunities
Italian Facilities Management Growth Opportunities
Southeast Asia Facilities Management Emerging Business Models and Growth Opportunities
New Zealand Facilities Management Growth Opportunities
Southeast Asian District Cooling Growth Opportunities
Singapore Facilities Management Cost Tracker, 2021
commercial uav market
wearable electronics market
flexible electronics market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.