Metaverse in Construction – Thematic Intelligence
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Metaverse in Construction Market Analysis Report Overview
The metaverse is still largely conceptual but has the potential to transform how people work, shop, communicate, and consume content. The three primary use cases for the metaverse in the construction industry are training, building information modeling (BIM) renders, and collaborative creation. The construction industry has large and complex sites to manage, strict project deadlines, hazardous working conditions, and tight profit margins. Using the metaverse to collaborate would allow multiple stakeholders to contribute to and monitor ongoing projects and run predictive simulations for future projects. The metaverse could support collaborative design and progress monitoring and improve user understanding of models, ensuring that any errors would surface earlier.
The Metaverse in Construction thematic intelligence report assesses how metaverse, combined with other emerging technologies such as cloud computing, AI, blockchain, cryptocurrencies, cybersecurity, IoT, VR, AR, digital twins, and adtech, can be used across the construction value chain. It provides an overview of the current landscape, as well as key players, while also highlighting opportunities for the use of metaverses in the future. The report provides an industry-specific analysis based on GlobalData databases and surveys.
| Report Pages | 55 |
| Regions Covered | Global |
| CAGR (2022-2030) | >52% |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2030 |
| Value Chain | · Foundation
· Tools · User Interface · Experience |
| Leading Adopters | · AECOM
· Balfour Beatty · Laing O’Rourke |
| Leading Metaverse Vendors | · Alibaba
· Alphabet · Apple |
| Specialist Metaverse Vendors | · Bentley Systems
· The Construct · Dassault Systemes |
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Metaverse in Construction – Data Analysis
Metaverse is expected to achieve a CAGR of more than 52% between 2022 and 2030. Since the metaverse is a relatively new theme, construction-specific forecasts of its current size and growth potential are not frequent. The metaverse brings together a range of next-generation technologies such as cloud computing AI, and blockchain among others, many of which are still in the early stages of development. Over the next decade, the metaverse’s growth will depend on the maturity of these underlying technologies and their ability to provide valuable enterprise use cases.
Metaverse Market Revenue, 2020-2030 ($ Billion)
For more insights into the metaverse market forecast, download a free report sample
The Metaverse in Construction data analysis also covers:
- Mergers and acquisitions
- Company filings trends
- Hiring trends
- Metaverse timeline
Metaverse in Construction - Value Chain Analysis
The metaverse value chain is split into four layers, namely foundation, tools, user interface, and experience.
Foundation: The foundation layer comprises technologies necessary for computation, motion tracking, low-latency networks, data management systems, and decentralized infrastructure. This layer sets out the primary building blocks of the metaverse, which include semiconductors, components, connectivity, data management, and blockchain.
Metaverse Value Chain Analysis
For more insights into the metaverse value chain, download a free report sample
Leading Metaverse Adopters
Some of the leading construction companies currently deploying metaverse technologies are:
- AECOM
- Balfour Beatty
- Laing O’Rourke
Leading Metaverse Vendors
Some of the leading players within the metaverse theme are:
- Alibaba
- Alphabet (parent company of Google)
- Apple
Specialist Metaverse Vendors in Construction
Some of the specialist metaverse vendors in the construction sector are:
- Bentley Systems
- The Construct
- Dassault Systemes
To know more about the leading metaverse adopters, vendors, and specialist vendors, download a free report sample
Construction Sector Scorecard
At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecard has three screens: a thematic screen, a valuation screen, and a risk screen.
- The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
- The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
- The risk screen ranks companies within a particular sector based on overall investment risk.
Construction Sector Scorecard – Thematic Screen
To know more about the sector scorecards, download a free report sample
Segments Covered in the Report
Metaverse Value Chain Outlook (Value, $ billion, 2018-2030)
- Foundation
- Tools
- User Interface
- Experience
Scope
This report provides:
- An overview of the metaverse theme. The detailed value chain comprises of four segments: foundation, tools, user interface, experience. Leading and challenging vendors are identified across both segments.
- Construction challenges, such as ESG, sourcing, and safety, and an impact assessment of the metaverse on the construction industry, addressing these challenges.
- Three case studies, outlining market-leading use cases of metaverse in construction to solve specific challenges such as operational technology vulnerabilities and secure procurement processes.
- Comprehensive industry analysis, including forecasts for metaverse revenues in construction to 2025, and insight from GlobalData’s Job Analytics and Social Media Analytics databases. It contains details of M&A deals driven by the metaverse theme, and a timeline highlighting metaverse milestones and events in construction.
- Extensive coverage and analysis of relevant companies’ positions in the metaverse theme. This includes leading adopters, vendors, and specialist metaverse vendors in construction.
- GlobalData’s unique thematic scorecard that ranks construction companies according to their positioning in the ten themes most important to the industry, of which metaverse is one.
Key Highlights
The metaverse is still in its early stages, so construction companies exploring the above technologies may be seen as leaders in the metaverse. They will be well positioned when the enabling technologies reach a level where they support a fully functioning metaverse.
Reasons to Buy
- This report will help you to understand metaverse and its potential impact on the construction sector.
- Benchmark your company against your competitors, by comparing how prepared 46 companies in the construction sector are for metaverse disruption.
- Identify and differentiate between the leading metaverse vendors and formulate an adoption plan for your company.
- Position yourself for future success by investing in the right metaverse technologies. Cut through the noise with GlobalData’s priority ratings for each metaverse technology for each segment of the industry (conceptual design, feasibility studies, planning and permitting, financing, design and engineering, construction, and operations and maintenance).
- Develop relevant and credible sales and marketing messages for construction companies by understanding key industry challenges and where metaverse use cases are most useful.
- Identify attractive investment targets by understanding which companies are most advanced in the themes that will determine future success in the construction industry.
Meta
Alphabet (Google) Microsoft
Amazon
Nokia
AMD
Nvidia
Apple
Qualcomm
AT&T
Samsung Electronics
China Mobile SK Telecom
Ericsson Softbank
Ethereum Sony
HTC Telefónica
IBM Verizon
Intel Vodafone
HTC
Unity Technologies
Dassault Systems
AECOM
Bouygues
Hexagon
Siemens
Doosan
Animoca (The Sandbox)
Royal BAM
POSCO
Ansys
Niantic (8th Wall)
STMicroelectronics
Laing O'Rourke
STRABAG
Apple PTC
HELM
Skanska
Petrofac
Baidu
Qualcomm
Woodhouse
Workspace
Balfour Beatty
TechnipFMC
Bentley Systems
Roblox
The Construct
PCL Construction
Bitcoin
Samsung Electronics
OpenSpace
VINCI
Dassault Systèmes
Sky Mavis (Axie Infinity)
Bentley Systems
Larsen & Toubro
Decentraland
Sony
Epic Games
Tencent
Ethereum
Unity Technologies
Apple
Microsoft
HTC
Varjo Technologies
POSCO
BBK Electronics (Oppo)
Rokid
Microsoft
InGage Technology
Laing O'Rourke
ByteDance (Pico)
Samsung Electronics
XYZ Reality
Balfour
Beatty
Dell Technologies
Seiko
Epson
Komatsu
PCL Construction
DPVR
Snap
Rokid
Larsen & Toubro
HP
Sony
Acciona
HTC
Vuzix
Xiaomi
Niantic
Autodesk
Autoliv
Barton
Malow Company
POSCO
Animoca (The Sandbox)
Trimble
Ubitus
KB Home
Apple
Ozone Networks
Bentley Systems
InGage Technology
Suffolk Partners
CryptoAvatars
Rec Room
Roblox
Dassault Systems
Decentraland
Roblox
Eccentric engine
Laing O'Rourke
Engage XR
Sky Mavis (Axie Infinity)
IrisVR
Balfour Beatty
Epic Games
Snap
The Metaverse Group
VINCI
Tencent
Insite VR
Larsen & Toubro
Microsoft
VRChat
Samsung C&T
Naver (Zepeto)
Wolf3D
NetEase
Yuga Labs
Table of Contents
Frequently asked questions
-
What is the metaverse market growth rate?
The metaverse market is expected to grow at a CAGR of more than 52% between 2022 and 2030.
-
Who are the leading adopters currently deploying metaverse?
Some of the leading construction companies currently deploying metaverse are AECOM, Balfour Beatty, and Laing O’Rourke.
-
Who are the leading players within the metaverse theme?
Some of the leading players within the metaverse theme are Alibaba, Alphabet, and Apple.
-
Who are the leading specialist metaverse vendors in the construction sector?
Some of the leading specialist metaverse vendors in the construction sector are Bentley Systems, The Construct, and Dassault Systemes.
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