MAY 2023CONSTRUCTIONBUSINESSREVIEW.COM6Rampant adoption of technology and digitization of processes has led to a significant evolution of construction methodologies in the Latin American market. Specialized construction companies in the region are embracing a broader vision of the construction lifecycle, linking it to the entire value chain of the project, from design to construction. According to a report by Mordor Intelligence, the Latin American construction market is valued at $643.80 billion in 2023 and is projected to grow at a CAGR of 4.5 percent between 2023-2028. The increasing demand for real estate and infrastructure and the implementation of government projects and policies that ease construction output are driving the growth of the sector. The arrival of Construction 4.0 is set to improve efficiency in terms of time and expenditure through numerous disruptive technologies. By leveraging building information modeling (BIM), construction companies can obtain important information such as geometry, spatial relationships, and geographical data to improve construction. The application of digital twins in construction is presenting new business opportunities for organizations. Its integration with the BIM model of infrastructures and the cartographic and geographical environment of geographic information systems is paving the way for a dynamic system connected with the other management procedures in real time. This edition of Construction Business Review delivers a bird's-eye view of the recent developments in the Latin American construction arena and insights into how organizations are aligning with these trends and adopting new ways to transform legacy practices.We have curated thought leadership articles from industry experts, including the Vice­President of Design & Construction at Brookfield Properties ­ Logistics and the Chief Operating Officer at Aurecon.We also took a deep dive into the market trends to narrow down the list of companies delivering innovative construction solutions. Equipped with robust technological capabilities, companies like Nupav and PIZÁ INTERNATIONAL help transform businesses at the cloverleaf of various disruptive technologies.We hope this edition of Construction Business Review's construction solution providers in Latin America helps you build the partnership you and your organization need to foster an environment driven by efficient technology.Let us know your thoughts!Construction 4.0 Driven by Digital TechnologiesEDITORIALCopyright © 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 MathewsDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOsVisualizersJames D. PhillipsRobert MathewsManaging Editoreditor@constructionbusinessreview.comMay - 10 - 2023, Vol 03 Issue 06(ISSN 2835-9429)Published by ValleyMedia, Inc.To subscribe to Construction Business ReviewVisit www.constructionbusinessreview.com Email:sales@constructionbusinessreview.comeditor@constructionbusinessreview.commarketing@constructionbusinessreview.com
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