London, 13 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the construction market in Indonesia 2015-2019, which is likely to grow at a CAGR of 8.74% during the forecast period of 2014-2019.
Post economic slowdown, the recovery of the market can be attributed to the private investments encouraged by the government of Indonesia, especially in the infrastructure sector. Also, the increased adoption of the public private partnership model has led to the recovery of the construction market in the country.
“The government’s main objective is to increase efficiency in construction projects. Information systems such as enterprise resource planning are becoming increasingly popular in the construction market,” says Faisal Ghaus, Vice President of Technavio.
“Moreover, with the presence of foreign players with technical expertise in the market, the local vendors are focusing on IT to increase their productivity and gain a competitive edge.”
Key Market Drivers
- Rapid Urbanization
- Increased Investment in Infrastructure Development
- Government Policies
Key Market Trends
- Adoption of Green Building Practices
- Popularity of PPP Models
- Increased Use of IT in Construction
Key Market Vendors
- PT Total Bangun Persada Tbk
- PT Jaya Konstruksi Manggala Pratama Tbk
- PT Multi Structure Sarana
- PT Nusa Konstruksi Enjiniring Tbk (NKE)
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%…
