By 2020, the global augmented reality industry is expected to grow by $90 billion. As the adoption of this technology increases in the construction industry, it will become a standardized tool for building projects. Recently, construction companies have been adopting augmented reality technologies as well as BIM (Building Information Modeling) because combined – they reduce the troublesome surprises during the construction process. [Source]

The company forecast the remodeling market to surpass USD 5 trillion by 2024. The growing costs of land leading to a surge in the prices of homes have necessitated the requirement of renovated construction, driving remodeling market trends.

Areas prone to fluctuating weather-related disasters will hold immense potential for the remodeling market owing to frequent renovation arising as a result of damage to roofs and other construction elements.

Since 2009, the construction industry’s GVA in the United Kingdom has been growing, reaching nearly 105 billion British pounds in 2016. The following year, 36 percent of all construction work carried out across the United Kingdom was for repair and maintenance purposes.

Approximately 23% of the construction output was done for housing, with the majority being intended for private ownership. In 2014, 36% of construction firms use more than 5 different mobile apps according to a recent survey by Canvas – a cloud-based service that lets companies replace manual paperwork with mobile apps.