L O T U S C O

MARKET
REPORT
ING
P O R T O F O L I O & P E R C E N T A G E

2 0 7 - 2 0 1 8

But I must explain to you how all this mistaken idea of denouncing

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 TABLE OF T o p i c

01
T o p i c

02
T o p i c

03
T o p i c

04
T o p i c

05
T o p i c

06
CONTENTS Introduction
Digitalized
Digitalization
in Other
SWOT Of
Construction
Industry
Growth In
Modern
Digitalization
Top Trends In
Modern
Construction Industries Industry Past Years Construction Construction
Discover the benefits and
challenges of digitalization in
construction, with insights on
how to implement cutting- T o p i c T o p i c T o p i c T o p i c T o p i c T o p i c

edge technologies and stay 07 08 09 10 11 12

ahead of the competition.
Expected Case Digitalization Construction Social Contact
Market Studies Services Digitalization Media Us
Growth & Results We Offer Process Handles

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Digitalization
Construction
In recent years, the construction industry has
undergone a rapid transformation driven by the
adoption of digital technologies. From Building
Information Modeling (BIM) and the Internet of
Things (IoT) to robotics and 3D printing, these
innovations have revolutionized how
construction projects are designed, planned,
and executed.

With the increasing demand for sustainability,

efficiency, and safety in the construction sector,
digitalization has become a key driver of growth
and competitiveness. In this report,
01 Digitalization In Other Industries

Designs corporate 2018

Digitalization has been transforming several industries, including healthcare, finance, manufacturing, and
retail, by enabling businesses to optimize their operations, improve customer experiences, and drive growth.

In healthcare, digitalization is transforming patient care by enabling healthcare providers to collect and analyze
patient data in real-time, improve diagnosis and treatment, and enhance patient experiences. Digital
technologies such as telemedicine, electronic health records, and wearable devices are being used to monitor
patient health remotely and enable patients to receive medical care from the comfort of their own homes.

In finance, digitalization is transforming the way financial transactions are conducted. Mobile payments, block
chain, and digital wallets are some of the digital technologies that have been adopted by financial institutions to
improve customer experiences and streamline financial processes. Manufacturing is also benefiting from
digitalization by using technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data
analytics to optimize production processes, reduce waste, and improve product quality.

In retail, digitalization is transforming the way customers shop, enabling them to shop online, receive
personalized recommendations, and have products delivered to their doorstep. Digital technologies such as AI,
augmented reality, and virtual reality are being used to enhance the customer shopping experience and
improve supply chain management.

In the construction industry, digitalization is being used to streamline construction processes, optimize resource
allocation, and improve collaboration among stakeholders. Construction professionals are increasingly adopting
digital technologies such as Building Information Modeling (BIM), cloud-based collaboration, and virtual and
augmented reality (VR/AR) to achieve better project outcomes, enhance safety and sustainability, and reduce
costs. The use of digital technologies in construction is transforming the industry by enabling more efficient and
collaborative construction processes that are better suited to address the complex challenges of modern
construction projects.
 SWOT Analysis of Construction Industry
Strengths
 High demand,
employment
opportunities, profitability,
and access to advanced
technologies.
 Demand is driven by the
need for buildings,
infrastructure, and
facilities.
 Technological
advancements such as
BIM, drones, and 3D
printing can improve
productivity and
efficiency.
Weaknesses
 High competition, high
risk, a fragmented market,
and dependence on
economic conditions.
 The industry has a high
risk of accidents, injuries,
and fatalities.
 The market is highly
fragmented, making it
difficult for firms to
establish their presence
and market share.
Opportunities
 Sustainable construction,
smart cities, digitalization,
and infrastructure
investment.
 The increasing trend
towards sustainable and
environmentally-friendly
construction practices
provides opportunities.
 Government investment
in infrastructure can
create opportunities for
the industry to undertake
large-scale projects.
Threats
 Economic downturns,
labor shortages,
regulations, and
environmental concerns.
 Regulations such as
building codes and safety
regulations can increase
costs and impact project
timelines.
 Environmental concerns
such as climate change
and resource depletion
can impact the
sustainability and viability
of industry.
 Industry Growth in Past Years
$2,000 BILLION
$1,700 BILLION

$1,500 BILLION

2020 2021 2022

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The construction industry has experienced significant growth in the past years. This growth can be attributed to
various factors, including population growth, urbanization, and increased demand for infrastructure and real
estate.

In the past decade, there has been a surge in construction activities in both developed and developing
countries. The construction industry has been one of the fastest-growing sectors, with the global construction
market expected to reach a value of over $8 trillion by 2030.

One of the main drivers of growth in the construction industry has been population growth. As the global
population continues to increase, the demand for housing, commercial buildings, and infrastructure has also
risen. This has led to increased construction activities, particularly in urban areas.
Urbanization has also contributed to the growth of the construction industry. As more people move to cities,
there is a need for more housing, commercial buildings, and infrastructure. This has led to the construction of
new buildings, roads, bridges, and other infrastructure projects.

The increase in demand for real estate has also contributed to the growth of the construction industry. Real
estate has become a popular investment option, leading to increased construction activities in both residential
and commercial sectors.

Additionally, the development of new construction technologies and materials has also contributed to the
growth of the construction industry. Advancements in 3D printing, modular construction, and prefabrication
have made construction faster, more efficient, and more cost-effective.
Government investment in infrastructure projects has also played a significant role in the growth of the
construction industry. Governments around the world have invested in building new roads, bridges, and other
infrastructure projects, which has led to increased construction activities.

In conclusion, the construction industry has experienced significant growth in the past years. Population growth,
urbanization, increased demand for real estate and infrastructure, advancements in construction
technology, and government investment in infrastructure projects have all contributed to this growth.
Modern Digitalized Construction
Modern digital construction technologies and frameworks are transforming the construction industry, offering
significant advantages over traditional construction techniques. Early adoption of digital technologies can lead
to increased efficiency, improved collaboration, enhanced safety, better quality, and improved sustainability.

A modern digital construction framework typically includes Building Information Modeling (BIM), cloud-based
collaboration, Internet of Things (IoT), and virtual and augmented reality (VR/AR) technologies. These
technologies enable construction professionals to optimize construction processes, improve communication
and collaboration among stakeholders, monitor energy consumption and safety hazards, and simulate
construction projects in real-time.

Compared to traditional construction methods, digital construction frameworks are more efficient,
collaborative, and data-driven. They enable construction professionals to visualize and simulate construction
projects, optimize resources, and reduce the need for physical meetings, leading to faster completion times
and reduced costs.

If construction professionals do not adopt modern digital construction techniques early on, they risk falling
behind their competitors who have embraced these technologies. They may experience reduced productivity,
lower quality outcomes, and decreased profitability.

Without modern digital construction frameworks, construction professionals may struggle to keep up with the
increasingly complex and demanding nature of modern construction projects. They may experience delays, cost
overruns, and errors in construction processes, leading to project failure or delays.

In summary, early adoption of modern digital construction technologies and frameworks can help construction
professionals achieve better project outcomes, improve efficiency, enhance safety and sustainability, and
transform the construction industry.
 Top Trends in Industry
01
BIM is a collaborative digital tool that can help
construction companies create and manage
project information in a central location, allowing
for more efficient communication and
collaboration among project teams.
02
Automation & robotics are increasingly being
used in construction to improve productivity,
reduce labor costs, and improve safety. Examples
include robotic bricklayers, autonomous vehicles,
and drones.
03
A Digital twin is a virtual replica of a physical asset
or system that can be used to analyze data and
optimize performance. Construction companies
can use digital twins to simulate and optimize
building designs before construction begins,
reducing costs and improving project outcomes.
04
IoT technology can be used to connect
various devices and sensors on construction
sites, enabling real-time data monitoring
and analysis. This can help construction
companies optimize performance, reduce
waste, and enhance safety on job sites.
The construction industry has been evolving rapidly in recent years, with digital technologies transforming the
way projects are planned, designed, and executed. Early adoption of modern digital construction technologies
has several advantages for the construction industry. Here are some of the key benefits:

Increased Efficiency: Modern digital construction technologies enable the streamlining of construction
processes, improving efficiency, and reducing costs. With the use of BIM, for example, construction professionals
can visualize and optimize a project before construction begins, leading to reduced rework, faster completion
times, and increased productivity.

Improved Collaboration: Digital construction technologies allow stakeholders to collaborate more effectively
throughout the entire construction process. By using cloud-based platforms, teams can access project
information in real-time, share data, and communicate more efficiently.

Enhanced Safety: The use of digital technologies such as IoT devices and automation can improve safety on job
sites. IoT devices can be used to monitor worker activity and detect potential hazards, while automation can
reduce the need for workers to perform hazardous tasks.

Better Quality: By using digital technologies to monitor and track construction processes, construction
professionals can ensure that quality standards are met. By using real-time data, it is easier to detect and
correct issues early in the construction process, reducing the need for rework.

Improved Sustainability: Digital construction technologies can help reduce waste and promote sustainability by
enabling more efficient use of materials and resources. By using BIM and other digital tools, construction
professionals can optimize building designs for energy efficiency and environmental sustainability.
 Expected Market Growth
SEATTLE
$54 BILLION
TILL 2025

CHICAGO
$25 BILLION
TILL 2025

DALLAS
$80 BILLION
TILL 2025

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According to a report by ResearchAndMarkets.com, the construction industry in the United States was expected
to grow at a CAGR (compound annual growth rate) of 5.8% during the forecast period of 2021-2025. This
projected growth is attributed to various factors such as increasing demand for residential construction due to
population growth, urbanization, and low mortgage rates. Furthermore, the rise in government initiatives for
infrastructure development has also contributed to this growth.

The construction industry is a vital sector of the economy, and its growth is highly dependent on economic
factors such as GDP growth, interest rates, and consumer spending. Population growth and urbanization have
resulted in an increased demand for housing, leading to a rise in residential construction. Additionally, low
mortgage rates have made it easier for people to afford homes, which has further stimulated the demand for
housing.

Moreover, the government has taken initiatives to promote infrastructure development by investing in various
construction projects such as highways, bridges, and airports. This has not only created employment
opportunities but has also contributed to economic growth.

It's important to note that while the projected growth rate is positive, there are various factors that can influence
the actual growth rate. These factors include changes in economic conditions, natural disasters, and pandemics.
Therefore, the actual market growth may differ from the projected growth.
Case Study
 Turner Recorded 2X Revenue Last Year
Company Turner Construction, one of the largest construction companies in the USA

Turner Construction was facing challenges with managing and analyzing the large
Challenge amounts of data generated on construction sites. They needed a way to better
understand the data and use it to improve their project outcomes.

Internet of Things (IoT) - Turner Construction used

Building Information Modeling (BIM) - Turner
Construction used BIM technology to create 3D
models of their building designs, enabling them to
identify potential issues and make adjustments
before construction began.
IoT technology to connect sensors and devices on
construction sites, enabling real-time monitoring of
conditions such as temperature, humidity, and air
quality. This helped them to identify potential safety
hazards and address them before they became a
problem.

Solution
Augmented Reality (AR) - Turner Construction
used AR technology to visualize building designs
and simulate construction processes. This helped
them to identify potential issues and improve
collaboration among project teams.
Data Analytics - Turner Construction used data
analytics tools to analyze the large amounts of
data generated on construction sites, enabling
them to make more informed decisions and
improve project outcomes.
 Result Achieved By Turner Cons.
Turner Construction implemented a digital transformation strategy that included the
following technologies:

• Improved Safety - IoT technology enabled Turner Construction to monitor and

address safety hazards in real-time, reducing the risk of accidents on construction
sites.

• Increased Efficiency - BIM and AR technology helped Turner Construction to

identify potential issues and make adjustments before construction began,
reducing the need for rework and improving project timelines.

• Better Project Outcomes - Data analytics tools enabled Turner Construction to

analyze project data and identify areas for improvement, resulting in better project
outcomes and increased profitability.

Conclusion: Turner Construction's digital transformation strategy helped the company

to overcome its challenges and improve its processes and outcomes. By leveraging
innovative technologies such as BIM, IoT, AR, and data analytics, Turner Construction
was able to optimize its operations and deliver better results for its clients.

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 Hilti cooperation has established itself as a leader
in the construction
Company Hilti Corporation, a global construction technology company.

Hilti Corporation faced challenges in managing their inventory and supply chain processes.
Challenge They needed a way to better track and manage their inventory levels, as well as improve
their supply chain operations to ensure timely delivery of materials to construction sites.

Internet of Things (IoT) - Hilti Corporation used IoT

technology to connect their tools and equipment,
enabling real-time monitoring of usage and
performance. This helped them to optimize their
inventory levels and ensure that their equipment
was being used efficiently.
Digital Twins - Hilti Corporation used digital twin
technology to create virtual replicas of their
products and equipment, enabling them to test and
optimize their designs before manufacturing.

Solution
Cloud Computing - Hilti Corporation used cloud
computing to manage their supply chain
operations, enabling them to track inventory levels
and streamline their delivery processes.
Mobile Apps - Hilti Corporation developed mobile
apps for their customers and employees, enabling
them to access product information, order
supplies, and track deliveries.
 Result Achieved By Hilti Corp
Hilti Corporation's digital transformation strategy led to the following results:

Improved Inventory Management - IoT technology enabled Hilti Corporation to track

and optimize their inventory levels, reducing the risk of stock outs and excess
inventory.

Enhanced Product Design - Digital twin technology enabled Hilti Corporation to test
and optimize their product designs before manufacturing, resulting in better product
performance and quality.

Streamlined Supply Chain - Cloud computing enabled Hilti Corporation to track their
inventory levels and streamline their delivery processes, resulting in faster and more
reliable delivery to construction sites.

Improved Customer Experience - Mobile apps enabled Hilti Corporation's customers

and employees to access product information, order supplies, and track deliveries,
resulting in a better customer experience.

Conclusion: Hilti Corporation's digital transformation strategy helped the company to

improve their inventory and supply chain processes, as well as enhance their product
design and customer experience. By leveraging innovative technologies such as IoT,
digital twins, cloud computing, and mobile apps, Hilti Corporation was able to
optimize its operations and deliver better results for its customers.

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Mortenson Construction's peak Revenue of $670M
Company Mortenson Construction's digital transformation strategy

Mortenson Construction, a leading construction company in the US, faced challenges in

managing their workforce and reducing the amount of time spent on administrative tasks. They
Challenge needed a way to better track their workforce and streamline their administrative processes to
improve efficiency and reduce costs.

Mortenson Construction developed mobile apps BIM - Mortenson Construction used BIM to create
for their workforce, enabling them to access detailed 3D models of their building designs,
project information, track time and attendance, enabling them to visualize and optimize the
and report issues in real-time. construction process.

Solution
Robotics - Mortenson Construction used robotics
IoT - Mortenson Construction used IoT to monitor
to perform repetitive and labor-intensive tasks,
construction sites in real-time, enabling them to
reducing the amount of time spent on manual
detect and resolve issues quickly.
labor.
 Result Achieved By Mortenson Cons
Mortenson Construction's digital transformation strategy led to the following results:
Improved Workforce Management - Mobile apps enabled Mortenson Construction to
track their workforce in real-time, improving their ability to manage and deploy
workers to construction sites.

Streamlined Administrative Processes - Mobile apps enabled Mortenson

Construction's workforce to report issues and track time and attendance in real-time,
reducing the amount of time spent on administrative tasks.

Enhanced Project Visualization - BIM enabled Mortenson Construction to create

detailed 3D models of their building designs, enabling them to visualize and optimize
the construction process.

Improved Construction Efficiency - IoT enabled Mortenson Construction to monitor

construction sites in real-time, enabling them to detect and resolve issues quickly
and efficiently.

Reduced Labor Costs - Robotics enabled Mortenson Construction to perform

repetitive and labor-intensive tasks, reducing the amount of time spent on manual
labor and lowering labor costs.

Conclusion: Mortenson Construction's digital transformation strategy helped the

company to improve workforce management, streamline administrative processes,
enhance project visualization, improve construction efficiency, and reduce labor
costs.

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 4 Steps for doing digital transformation as a
construction company

STEP 01 STEP 02 STEP 03 STEP 04

Assess Current Determine Goals Develop a Digital Implement and

Processes and and Objectives Transformation Monitor the
Identify Pain Points Strategy Transformation

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 Why Trango Tech?
Because We Create and Deliver Valuable Moments That
Matter to Our Clients

360° Digital We Focus on Experience

Transformation
From insights to action and
beyond, we help clients become
the next and best versions of
themselves through 360° digital
transformation.
People
Unlike other companies in the
industry, our focus is on the
people because we believe in
creating long-term relationships.
Advantage
From humble beginnings back
in 2003, we've come a long
way, learning and growing
exponentially.

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 19+
Years Experience
Hundreds of projects
developed on time within the
decided budget
We Help Businesses
Unlock Their True
Potential & Grow
Trango Tech helps businesses transform by 2000+
taking their idea and nurturing it into reality Solutions
that offers measurable and noticeable AI, Cloud & DevOps, Web
results. Apps, eCommerce, IoT, and
Mobile
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500+
Clients
2-person startups to fortune 500
companies, our clients love us
enough to be our
best spokespersons
1000+
Employees
Certified developers & marketers
across USA, Canada, Pakistan, and
UAE
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Services We Offer
Empowering businesses through digital
transformation
Digital Strategy
Development
At Trango Tech, we specialize in helping
businesses develop a comprehensive
digital strategy that aligns with their
unique goals and objectives. From
market research and trend analysis to
data-driven insights.
Process
Optimization
At Trango Tech, we understand the
importance of maximizing efficiency and
reducing costs in today's fast-paced
digital landscape. That's why we offer a
range of process optimization services,
including business process analysis,
workflow automation, and project
management.
Technology
Implementation
Our team of experienced developers
and IT professionals can help you
integrate cutting-edge technology
solutions into your existing systems and
processes. Whether you need cloud
computing, cybersecurity, data
analytics, or software development,
Change
Management
As a digital transformation company,
we know that implementing new
technologies and processes can be a
challenging process for any
organization. That's why we offer
comprehensive change management
services, including planning, employee
training, and communication
strategies.

Building Information Modeling
(BIM) Software
BIM software is a 3D modeling tool that enables
architects, engineers, and construction professionals
to design, plan, and manage building projects more
effectively. It allows users to create and manipulate
digital models of buildings and their components,
which can be used for visualization, analysis, and
collaboration.
Equipment Management
Software
Equipment management software is a tool that
helps organizations track, manage, and maintain
their equipment assets. It provides features such as
asset tracking, maintenance scheduling, work
orders, and inventory management, allowing users
to optimize equipment utilization, reduce downtime,
and prolong equipment lifecycles.
Our Solutions
Project Management
Software
Project management software is a tool that helps
individuals and teams plan, organize, and manage
projects from start to finish. It provides features such
as task management, resource allocation, budget
tracking, scheduling, and collaboration tools,
allowing users to streamline their workflows and
improve project outcomes.
Document Management
Software
Document management software is a tool that
helps organizations manage their digital documents
and files, including storage, retrieval, sharing, and
collaboration. It provides features such as version
control, document tracking, security, and workflow
automation, allowing users to improve document
accuracy, accessibility, and security.
Accounting and Financial
Management Software
Accounting and financial management software is
a type of software that helps businesses manage
their financial transactions and processes, including
invoicing, accounts payable and receivable, payroll,
financial reporting, and tax preparation. It enables
organizations to automate their financial operations,
reduce errors, and improve financial visibility
Safety Management
Software
BIM is a collaborative digital tool that can help
construction companies create and manage
project information in a central location,
allowing for more efficient communication
and collaboration among project teams.
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