Construction technology tools such as the Internet of Things (IoT) and BIM will continue to see steady growth in the construction industry between now and 2025, while more specialized solutions such as smart building technologies and 3D printing will see rapid growth in their smaller niches, according to a recent white paper from Ernst & Young LLP.

The industry will see the most growth over the next five years ​in 3D printing, modular- and prefabrication- related technology, blockchain and robotics.

A continuation to full-scale digitization in the design and documentation process could lead to an estimated 12% to 20% increase in the industry’s current annual cost savings related to these tools within the next 10 years.

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