The global construction industry experienced a 10% rise in company filings mentions of internet of things in Q1 2023 compared with the previous quarter, with the highest share accounted for by Honeywell International with 77% year-on-year increase, according to GlobalData’s analysis of over 195 construction company filings. The growing application of Internet of Things will prove to have a transformative impact across multiple sectors. GlobalData’s Internet of Things (IoT) Market Size, Share and Trends, Analysis and Forecast report helps keep abreast of the latest trends in Internet of Things, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, internet of things was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of artificial intelligence and cloud, according to GlobalData.
Of the top leading companies in the construction industry, Honeywell International had the greatest increase in references for internet of things in Q1 2023, compared with the previous quarter. GlobalData identified 5 internet of things-related sentences in the company's filings - 12% of all sentences - and an increase of 100% in Q1 2023 compared with Q1 2022. Invitation Homes’s mentions of internet of things rose by 400% to 5 and Equity Residential’s by 100% to 2 and Johnson Controls International’s by 100% to 2 and Mid-America Apartment Communities’s by 100% to 2.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for internet of things in Q1 2023 was 100.
To further understand GlobalData's analysis on Internet of Things (IoT) Market Size, Share and Trends Analysis by Region, Type (Enterprise, Consumer), Product (Hardware, Software and Services), Enterprise Size, Vertical (Government, Utilities, Manufacturing, Transport and Logistics and Others) and Se buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
