Virtual construction has become popular in recent years. Virtual construction has the potential to change the construction industry by allowing businesses to hire workers from anywhere in the world, lowering costs, and increasing efficiency. The global construction business is quickly expanding, with a market size of USD 10.5 trillion estimated by 2023 at a CAGR of 4.2%. The construction market in the United States alone is expected to reach USD 1.428 trillion by 2024, with green building construction accounting for more than 47% of this amount in 2021. There was an increase in the remote construction market size from US $ 853.2 (2022) to US $ 973.9 million (2023)
The remote construction market statistics for 2023–2033 show a CAGR of 14.2%, the market value of the remote construction market is US$ 973.9 million, and the growth factor is the increased requirement for remote control and supervision of construction sites. The future opportunity is to improve the economic condition of emerging countries with a focus on infrastructure. The market trend is the high cost of research and development to keep the market consolidated for a few more years. In this blog, we’ll look at remote work trends based on virtual construction for 2023 and how they’ll affect the industry.
Trend #1 Increased Use Of Virtual Reality (VR) And Augmented Reality (AR) In Construction
Virtual Reality (VR) and Augmented Reality (AR) are already establishing a name for themselves in the construction business, but their popularity has increased in the year 2023. These technologies give construction experts a realistic image of the project and assist them in identifying problems before they occur. Remote workers can utilize VR and AR to examine the project from various viewpoints and discover potential mistakes before they become problems.
Trend #2 Growth In Outsourcing
Outsourcing is already popular in the construction business, and it is anticipated to grow even more in the future. As more businesses transition to remote work, they will be able to outsource work to remote workers in various parts of the world. Companies will be able to save money on labor expenditures while maintaining the same level of production.
Trend # 3 Increased Use Of Cloud-Based Technology
Cloud-based technology is increasing rapidly in the construction industry in 2023. Cloud-based technology enables remote workers to collaborate on projects from anywhere in the world, and it allows businesses to access project data in real time. This technology also enables workers to gain remote access to project data and papers, which can boost productivity and efficiency.
Trend #4 Remote Monitoring Of Construction Sites
Remote construction site monitoring started in 2021 and is increasingly growing in the year 2023. Companies can use remote monitoring to keep an eye on the development of a construction site without needing to be physically present. Companies may monitor numerous sites at once, saving time and money.
Trend # 5 Increase In Remote Workforce
The construction business is no different since remote workforce employment is rising dramatically in 2023. Companies will be able to hire employees from anywhere in the world, giving them access to a wider talent pool. Remote workers can work on projects from anywhere in the world, potentially increasing productivity and speeding up project completion.
Trend #6 Building Information Modeling (BIM)
Building Information Modeling (BIM) has previously proven to be useful in improving building design, construction documentation, and project management. More construction organizations are expected to use it this year to enhance communication and coordination among all stakeholders in the construction lifecycle
Conclusion
The construction sector is undergoing huge change, and the virtual workforce is expected to play an important role in this shift. The developments discussed in this article are only a few instances of how virtual construction will affect the industry. Virtual construction has the potential to boost productivity, reduce expenses, and enable businesses to hire individuals from all over the world. The construction business will be no exception as the world continues to shift toward a more remote-based work environment. Companies that embrace virtual construction are said to succeed in the upcoming years.
Companies looking to hire virtual engineers can benefit from looking into the talent pool in Nepal, as the number of virtual engineers is expanding. Companies can have access to highly qualified and affordable engineers while supporting the development of Nepal’s economy by utilizing the virtual engineering talent pool in Nepal. In order to hire remote talents from Nepal, you can book a free HR consultation with Remote Construction Engineers (RCE), and we will provide catered solutions for the construction business.