London, 02 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the construction market in Singapore 2015-2019, which is expected to grow at a CAGR of 6.18% during the forecast period of 2014-2019.
“In an effort to increase the productivity of the construction industry, both public and private players are focusing on the adoption of new practices such as using IT in construction,” says Faisal Ghaus, Vice President of Technavio.
“Also, companies in Singapore are focusing on using IT as an important tool for enhancing the productivity of the industry.”
Key Market Drivers
- Growing Demand for Residential Development
- Increased Investment in Infrastructure Construction
- Long Term Land Use Plan
Key Market Trends
- Focus on Sustainable Development
- Adoption of New Practices in Construction
- Rise of Mixed-use Projects
Key Market Vendors
- Koh Brothers Group Ltd.
- Samwoh Corp. Pte. Ltd.
- Sembcorp Design and Construction Pte Ltd.
- TEE International Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
