December 2023constructionbusinessreview.com6The commercial construction landscape is undergoing a profound transformation. At the forefront of this transformation is a commitment to innovation, with technologies such as building information modeling (BIM), augmented reality, and drones redefining the industry's approach.According to Mordor Intelligence, the United States commercial construction market size is expected to grow from USD 165.45 billion in 2023 to USD 196.60 billion by 2028, at a CAGR of 3.51 percent during the forecast period (2023-2028). Despite inflation and labor shortage, the demand for commercial real estate continues to drive the market.The adoption of technology has been a game-changer in the commercial construction sector. From Building Information Modeling (BIM) software that enhances project planning to drones and robotics that streamline construction processes, innovation is the driving force behind efficiency and precision.In recent years, we have seen iconic commercial construction projects that redefine the possibilities of human ingenuity. The Burj Khalifa in Dubai, the One World Trade Center in New York, and the Makkah Clock Tower in Saudi Arabia are not just engineering marvels but symbols of human aspiration. However, it's not just the grandiose projects that matter. Smaller-scale developments, such as eco-friendly office spaces and local retail stores, play a crucial role in shaping communities. They provide unique and enriching spaces for people to work, shop, and connect.This edition of Construction Business Review delivers a bird's-eye view of the recent developments in the commercial construction arena and insights into how organizations align with these trends and adopt new ways to replace legacy practices.We have curated thought leadership articles from industry experts, including Aaron McClellan, construction technology manager at Granite Construction, and Todd Burns, President of Project and Development Services and General Contracting units at JLL.We also took a deep dive into the market trends to narrow down the list of companies delivering innovative commercial construction contracting services. Equipped with innovative technological capabilities, companies like Fuller Contractors help transform businesses at the cloverleaf of various disruptive technologies.We hope this edition of Construction Business Review will help you build the partnership you and your organization need to foster an environment driven by efficient technology.Let us know your thoughts! Building the FutureEDITORIALCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorRobert MathewsVisualizersAsher BlakeJames D. PhillipsEmail:sales@constructionbusinessreview.comeditor@constructionbusinessreview.commarketing@constructionbusinessreview.com December - 01 - 2023, Vol 03 Issue 40 (ISSN 2835-9429)Published by ValleyMedia, Inc.To subscribe to Construction Business ReviewVisit www.constructionbusinessreview.com Robert MathewsManaging Editoreditor@constructionbusinessreview.comDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
< Page 5 | Page 7 >