Top 5 Growth Opportunities in Digital Construction Management, 2024

BIM, Digital Twin, and Cloud Capabilities are Key Technology Strategies for the Transformation of Building Lifecycle Management

This research study delves into digital building lifecycle management with a top-level analysis of near-future trends that will influence and drive its growth in 2024. Digital construction management is undergoing a multifaceted technological evolution and is expected to exhibit accelerated growth in 2024. Emerging innovators challenge established players by introducing high-performance digital twin platforms and building information modeling (BIM) tools. These companies provide prescriptive and cognitive twins equipped with optimization, simulation, autonomous features, and interactive immersive capabilities. Factors driving this growth include the growing demand for digitalizing mega infrastructure projects; the need for unifying digital building lifecycle management platforms; the growing importance of implementing sustainable construction techniques; and the need for multiple stakeholder collaborations and seamless management of construction projects across the project lifecycle. This research service explores the top 5 trends in digital construction management, identifies strategic imperatives, assesses the industry landscape to help market participants seize growth opportunities, and highlights best practices within this ecosystem.