{"id":59969,"date":"2023-10-12T16:33:02","date_gmt":"2023-10-12T13:33:02","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=59969"},"modified":"2023-10-12T16:33:02","modified_gmt":"2023-10-12T13:33:02","slug":"4-5-%d9%85%d9%84%d9%8a%d8%a7%d8%b1-%d8%af%d9%88%d9%84%d8%a7%d8%b1-%d8%a7%d9%84%d8%ad%d8%b5%d8%a9-%d8%a7%d9%84%d8%b3%d9%88%d9%82%d9%8a%d8%a9-%d9%84%d8%a7%d8%b3%d8%aa%d8%ae%d8%af%d8%a7%d9%85-%d8%a7","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/59969\/","title":{"rendered":"4.5 billion dollars market share of AI in the construction sector by 2026"},"content":{"rendered":"

Developed Artificial Intelligence Applications<\/a><\/span><\/strong> Artificial Intelligence (AI) to enter all areas of life, including artificial intelligence in construction, after it entered the fields of industry, commerce and much of what touches people's daily lives, to reach the applications of artificial intelligence to the fields of engineering, construction and building in all its stages.<\/p>\n

The use of Artificial intelligence<\/a><\/span><\/strong> in the construction industry is widely used, contrary to what is thought to be unapplied, such as reducing high construction costs. AI applications that can save on project costs are becoming more important as these costs have increased by almost 45% this year compared to the previous year.<\/p>\n

4.5 Billion Dollars Share of Artificial Intelligence<\/span><\/h4>\n

The outlook for the construction industry revealed the importance of Artificial intelligence<\/strong> According to a report published by market research firm Reports and Data, the market share of AI applications in construction in 2026 will be around $4.5 billion.<\/p>\n

According to the report, AI and machine learning will be used more effectively in quality control, job scheduling, issue detection and tracking, security management, resource utilization, and design management.<\/p>\n

According to another report published by management and professional consulting firm Accenture, by 2035, AI could increase corporate profits by 70%.<\/p>\n

The AI in construction market was valued at USD 466.9 million in 2020 and is expected to reach USD 2312.8 million by 2026, registering a CAGR of 33.87% during 2021-2026.<\/p>\n

According to the Association of Equipment Manufacturers (AEM), the Artificial intelligence<\/a> <\/strong>has the potential to enhance productivity, safety, and other aspects of business success in the construction industry.<\/p>\n

Multiple uses for AI<\/span><\/h4>\n

AI is used in many areas of construction, from cost control to more productive engineering designs, from risk mitigation to project planning.<\/p>\n

Apps also play a role in Artificial intelligence<\/a> <\/strong>It plays an important role in estimating project costs, by better predicting before or during the project, in addition, it allows identifying needs by making an estimate of the materials needed, allows for easier optimization of logistics and also prevents waste.<\/p>\n

The applications of AI in construction include providing adequate occupational health and safety on job sites as well as the aforementioned financial benefits.<\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

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