To understand how our report can bring difference to your business strategy, Ask for a brochureĬompanies in the construction camera (time lapse camera) market are gaining efficacy in (ML) systems for faster processing of data. As such, manufacturers are increasing their production capabilities in 360 degree cameras that are capable of capturing images in every space of a jobsite and offers a living digital version of the construction site.
This trend is paving the way for digital solutions to solve common construction-related problems.
Request a sample to get extensive insights into the Construction Camera Market ML-based Software Leverage Construction Cameras to Manage Diverse Information of JobsitesĪlthough Asia Pacific and Europe dictate the first and second-highest revenue, respectively, in the construction camera (time lapse camera) market, huge investments are being made by contractors in construction technology startups. Companies in the construction camera (time lapse camera) market are unlocking potentials in video analytics, which allows cameras to instantly recognize people and objects with the help of AI and ML. For instance, Enterprise Ireland- an Irish state economic development agency, announced research, development & innovation (RD&I) funding for Evercam- a vendor for construction cameras (time lapse cameras) and project management software to apply AI and machine learning (ML) algorithms to its time lapse videos.Īpart from jobsite monitoring, project managers are using construction cameras for marketing purposes as well for avoidance of any disputes.
As such, companies are capitalizing on incremental opportunities by harnessing the power of AI (Artificial Intelligence) for time lapse videos. This is evident since jobsite progress monitoring applications dominate the highest revenue among all applications in the construction camera (time lapse camera) market, with an estimated global volume of ~ 1,100 units by the end of 2030.
Promising Potentials in Video Analytics through AI Generate Incremental OpportunitiesĬonstruction cameras (time lapse cameras) are being extensively used to extract crucial and actionable data that can benefit project managers, engineers, and contractors to gain an update on progress at jobsites.