Construction Enterprise ICT Investment Market Trends by Budget Allocations (Cloud and Digital Transformation), Future Outlook, Key Business Areas and Challenges, 2022
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According to survey-based findings from GlobalData’s Enterprise ICT Investment Trends Construction Sector enterprises have allocated highest share i.e., an average 18.9% of their ICT budget on internal costs in 2020 and plan to spend almost 19.3% of their planned ICT budget on the same in 2021.
Enterprise ICT Investment Trends 2021 Construction Sector report summarizes key findings from the GlobalData’s IT decision makers survey carried out in H1-2021, revealing how ICT budgets of enterprises in the construction sector are expected change in 2021 compared to 2020. The report also provides a snapshot of ICT indicators in construction sector by discussing how enterprises had distributed their ICT budget in 2020 across their key ICT spending areas, business functions and existing versus new ICT projects, and how they propose to distribute their planned ICT budget across these spending areas and functions in 2021. The report also discusses current and future ICT budget allocations across 33 ICT products & services. The report gives indication of ICT opportunities in construction sector by providing forward-looking insights on ICT spending priorities covering 29 key technology areas for next two years. The report give insights to Construction sector enterprise cloud budget, as well as digital transformation budget. The report also highlights the percentage of enterprise ICT budget that would be allocated for digital transformation in 2021 as compared to 2020.
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Construction Sector Enterprise ICT Budget Allocations Comparative Analysis – 2020 vs. 2021
The report reveals how total ICT budgets of enterprises in the construction sector are expected change in 2021 compared to 2020 and how enterprises ICT budgets changed in 2020 compared to a year before.
Construction Sector Enterprise ICT Budget Analysis 2020 Vs 2021
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Majority of the enterprises in construction sector are planning to increase their ICT budget for 2021 compared to previous year
According to GlobalData’s survey, survey results, according to which about 31.4% of respondents from the construction sector claimed that there will be a slight increase (>1% to 6%) in their enterprise ICT budget for 2021-22 compared to 2020-21. However, there were also a significant number of respondents who claimed that their enterprises are planning to increase their ICT budgets substantially (>6%).
The report also discusses the level of change expected in enterprise ICT budget allocation in Construction sector in 2021 compared to previous year by:
- Key spending areas
- Key business functions
Construction Sector Enterprise ICT Budget Allocations by ICT Infrastructure Spending Areas – 2020 & 2021
According to GlobalData’s survey, the largest share of the ICT budget in Construction Sector will be allocated to internal costs. The report shows how enterprises distributed their total ICT budget across the following ICT infrastructure spending areas in 2020, and how they propose to distribute their planned ICT budget in 2021 across these areas
- Internal Costs
- Hardware
- Software
- ICT Services
- Network and Communications
- Consulting
- Others
Planned Enterprise ICT Budget in Construction Sector by Key Infrastructure Spending Areas, 2021
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Construction Sector Enterprise ICT Budget Allocations by Key Business Functions – 2020 & 2021
According to GlobalData’s survey, among the business functions procurement, & operations will receive the largest share of the ICT budget in construction sector. The report shows how enterprises distributed their total ICT budget across the following Business Functions in 2020, and how they propose to distribute their planned ICT budget in 2021 across these functions?
- Procurement & Operations
- Sales, Marketing and Customer Relations
- Finance & Accounting
- Research & Development
- Human Resources & Legal
Planned Enterprise ICT Budget in Construction Sector by Key Business Functions, 2021
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Enterprise ICT Budget Allocations, by type of ICT project – 2020 & 2021
According to GlobalData’s survey, the enterprises are likely to allocate higher share of their enterprise ICT budget on running existing ICT systems and applications compared to investments on new ICT projects. The report shows what proportion of their total ICT budget in 2021 have the enterprises allocated on “existing ICT systems and applications” versus “New ICT projects” and how do propose to distribute their planned ICT budget in 2021 on these existing systems and new projects?
Enterprise ICT budget breakdown: Existing systems Vs New ICT projects – 2021
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Enterprise Digital Transformation Budget Allocations in Construction Sector - 2020 vs 2021
According to GlobalData’s survey, there will be a marked increase in the share of the ICT budget allocated towards digital transformation in 2021 compared to 2020. The report highlights the percentage of enterprise ICT budget that would be allocated for digital transformation in 2021 as compared to 2020, and also offers breakdown of the budget by following digital transformation areas.
- Artificial intelligence & Machine Learning
- Blockchain & Distributed Leger
- Automation
- IoT
- Others
Enterprise ICT Budget Allocation for Digital Transformation: 2020 Vs 2021
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Segment ICT Budget Allocations– 2020 vs. 2021
The report offers segmental budget allocation trends and forecast across 33 ICT products and services covering hardware, software, IT consulting, managed IT services, and network & communications segments.
According to GlobalData’s survey, ‘network equipment’ will account for the largest share of the total construction sector enterprise hardware budget estimated for 2021, which is an increase over the share of hardware budget it accounted for in 2020.
Annual Change in Construction Sector Enterprise Hardware Budget Allocations
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The survey also reveals, ‘enterprise applications (ERP, CRM)’ will account for the largest share of the total construction sector enterprise software budget estimated for 2021, which is a decline over the share of software budget it accounted for in 2020. Similarly, ‘systems design & integration consulting’ will account for the largest share of the total construction sector enterprise IT consulting services budget estimated for 2021, an increase over the share of total construction sector enterprise IT consulting services budget it accounted for in 2020.
Enterprise ICT Technology Spending Priorities in Construction Sector – Future Outlook
The report offers forward looking insights on enterprises’ ICT spending in Construction Sector priorities across 29 technology areas within the following categories:
- Cloud Computing
- Communication & Collaboration
- IoT
- Data & analytics
- Outsourcing
Construction Sector Enterprise Cloud Computing Investment Priority - Now vs. next two years
Largest number of the respondents claimed that their enterprises will invest in cloud management platform in the next two years or that their enterprises have already invested in this cloud computing technology, closely followed by the number of respondents confirming their plans to invest in IaaS. Furthermore, among the cloud deployment models, largest number of the respondents confirmed their plans to invest on managed cloud, followed by hybrid cloud.
Cloud Computing Technology Investment Priority – Current Vs Next Two Years
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Construction Sector Enterprise ICT Investment Trends Overview
| Analysis Period | 2020-2021 |
| Enterprise ICT Budget Allocations and Outlook | Business Functions, Key Spending Areas (ICT Products & Services), Existing vs. New Systems |
| Key ICT Infrastructure Spending Area | Hardware, Software, ICT Services, Consulting, Network and Communication, Internal Development & Maintenance (Internal Costs), and Others |
| Key Business Functions | Production, Procurement & Operations, Sales, Marketing and Customer Relations, Finance & Accounting, Research & Development, and Human Resources & Legal |
| Enterprise ICT Budget Allocations on Digital Transformation | Overall Digital Transformation Budget Allocation, and by Digital Transformation Areas |
| Key Digital Transformation Areas | Artificial intelligence & Machine Learning, Blockchain & Distributed Ledger, Automation, IoT, and Others |
| Segment ICT Budget Allocations | Hardware, Software, IT Consulting, Managed IT Services, Network & Communications |
| Enterprise Technology Priorities and Spending Preferences | Cloud Computing, Communication & Collaboration, IoT, Data & analytics, and Outsourcing |
Construction Sector Enterprise ICT Investment Trends Report Scope
The survey-based report provides an overview of the following –
- Enterprise ICT Investment Trends – 2021: Overview of survey findings for enterprise ICT budget allocations across key spending areas, business functions, and existing vs new systems for current year
- Enterprise ICT Investment Trends – 2021: Overview of survey findings for enterprise ICT budget outlook across key spending areas, business functions, and existing vs new systems for 2021
- Enterprise ICT Investment Trends – 2020 vs. 2021: Overview of survey findings regarding changes in the enterprise ICT budget allocations in 2021 compared to the previous year across key spending areas, business functions, existing vs new systems, as well as for digital transformation
- Enterprise ICT Investment Trends – 2020 vs. 2021: Overview of survey findings regarding enterprise ICT budget allocations in 2020 and 2021 across the key ICT segments including software, hardware, IT consulting, managed IT services, and network & communications.
- Future Outlook – Enterprise Technology Priorities: Overview of survey findings on enterprise investment priority for key technologies current vs next two years
- The survey was conducted in H1 2021 via an online methodology, with respondents all having ICT decision maker responsibility (typically CIOs and IT Managers). GlobalData plans to repeat the survey in H1 2022, in order to monitor ICT budget changes on an ongoing basis.
Reasons to Buy
- This survey report offers a thorough, forward-looking analysis of Enterprise ICT Investment Trends Construction Sector and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
- Accompanying GlobalData’s IT Customer Insight Survey, the report examines the ongoing and upcoming trends in enterprise IT spending in construction sector.
- With more than 30 charts the report is designed for an executive-level audience, boasting presentation quality.
- The report provides an easily digestible market assessment for decision-makers built around research gathered from the local IT decision makers, which enables executives to quickly get up to speed with the current and emerging trends in Enterprise ICT Spending in Construction Sector
Table of Contents
Frequently asked questions
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How did the overall enterprise ICT budget for Construction Sector change in 2021 compared to 2020?
About 31.4% of respondents from the construction sector claimed that there will be a slight increase in their enterprise ICT budget for 2021-22 compared to 2020-21.
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How was the total ICT budget for Construction Sector distributed across key spending areas in your organization in 2020 and how do they propose to allocate their planned ICT budget in 2021?
According to GlobalData’s survey results, the largest share of enterprise ICT budget for construction sector in 2020 and 2021 has been spent on internal costs.
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What are the key ICT infrastructure spending areas in construction sector in 2021?
The key ICT infrastructure spending areas in construction sector are hardware, software, ICT services, consulting, network and communication, and internal development & maintenance (internal costs).
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What are the key business functions considered for ICT budget allocation by enterprises in construction sector?
The key business functions considered for ICT budget allocation by enterprises in construction sector are production, procurement & operations, sales, marketing and customer relations, finance & accounting, research & development, and human resources & legal.
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What percentage of your enterprise ICT budget was spent on digital transformation in 2020 and how will this change in 2021?
There will be a 6.8 percentage points (p.p.) increase in share of ICT budget allocated towards digital transformation in 2021 compared to 2020.
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What are the key digital transformation technologies that enterprises are likely to invest in 2021?
AI & Machine Learning, Blockchain & Distributed Ledger, and Automation will be some of the key digital transformation areas that enterprises would allocate their ICT budgets on.
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Which ICT functions are enterprises most likely to outsource over the next 2 years?
Infrastructure, Applications, Service Support & Help desk and IT management are some of the key ICT functions to be outsourced over the next two years.
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