The construction industry is experiencing a transformative shift, with companies leveraging innovative cloud technologies to enhance their operations. Patents covering elevator management and information organization are revolutionizing efficiency and collaboration. Additionally, strategic investments in cloud technology are playing a crucial role in securing advantageous partnerships, positioning companies at the forefront of industry progress. Job opportunities related to cloud technology are evolving, with roles in computer and mathematical occupations at the forefront of demand. The impact of cloud extends beyond the construction sector, influencing various industries. GlobalData’s Cloud Computing market report provides a thorough, forward-looking analysis of the global cloud computing market by channel type, business model, spend category, and key opportunities. Buy the report here.
This article presents a quarterly round-up of the latest trends in the construction industry regarding cloud . It provides an overview of recent developments in cloud -related deals, talent acquisition, and patent filings within the construction industry.
Diverse applications of cloud in construction industry
Construction companies are leveraging new cloud technologies and applications to innovate and improve their businesses. One patent titled "Methods of taking elevator by unmanned device, elevator controlling methods, elevator scheduling methods, unmanned devices, elevator controlling devices, elevator scheduling cloud platforms and systems for taking elevator by unmanned device" describes a method of taking an elevator by an unmanned device. This method involves sending a start floor elevator call request to a cloud platform, receiving real-time running information of elevators, selecting a target elevator, and establishing a communication connection with the elevator controlling device to control the elevator to the target floor. Another patent titled "Online systems and methods for advancing information organization sharing and collective action" describes methods and systems for creating and managing affinity groups in a cloud computing environment for social and business purposes. These patents provide construction companies with innovative solutions for elevator management and information organization, enabling them to enhance efficiency and collaboration in their operations.
The industry remained flat in the number of cloud -related patent applications in Q2 2023 compared with the previous quarter. On an annual basis, the number of cloud -related patent applications in the construction industry witnessed a rise of 29% compared with Q2 2022.
Strategic deal trends in cloud in construction industry
Construction companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in cloud . These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of cloud in the construction industry.
In Q2 2023, the number of cloud -related deals in the construction industry declined by 29% compared with Q2 2022. On a quarterly basis, there was 25% increase in the number of deals in Q2 2023 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q2 2023, the construction industry experienced a 8% drop compared with the previous quarter. On an annual basis, job postings also declined by 15%. Notably, computer and mathematical occupations, with a share of 31%, emerged as the top cloud -related job roles within the construction industry in Q2 2023, with new job postings drop by 22% quarter-on-quarter. Business and financial operations occupations came in second with a share of 11% in Q2 2023, with new job postings rising by 35% over the previous quarter. The other prominent cloud roles include management occupations with a 10% share in Q2 2023, and arts, design, entertainment, sports, and media occupations with a 5% share of new job postings.
CDM Smith, Honeywell International, Vinci, CBRE Group, and Digital Realty Trust are among the top companies leading in cloud hiring within the construction industry.
Countries driving adoption of cloud in construction industry
The US is the leading country in cloud adoption within the construction industry, boasting the highest number of cloud -related patents, jobs, and deals. Meanwhile, China, Australia, India and New Zealand also maintain significant positions in cloud adoption within the construction industry.
In summary, the construction industry shows promising growth in cloud-related patent applications, despite a decline in recent deals and job postings. Strategic investments in cloud technology are evident, with companies like CDM Smith, Honeywell International, and Vinci leading in hiring.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
