2024 Construction IT Services Outlook
January 16, 2024

The 2024 Construction IT Services Outlook

Welcome to ConstructEdge’s 2024 Construction IT Services Outlook, where we break down the techie stuff in the construction world. We’re here to help you understand how IT services are changing the game, especially how a rapid digital transformation is increasing the need for reliable and high-speed internet access on jobsites.

Looking into 2024 several themes emerge. First off, the economy is a bit up in the air, making things a tad uncertain. Second, we’re still going full steam ahead with digital jobsite transformation. And third, everyone’s really focusing on pinching pennies because wages and materials are getting pricier. Stick with us as we dig into the trends shaping construction IT services in the next year to help you navigate the spot where technology meets the jobsite.

Current Landscape of Construction IT Services

The Construction IT Services sector is characterized by a mix of old-school and new-fangled tech trying to keep jobsites connected – Wi-Fi, microwave internet, temporary cellular solutions, and private LTE networks are all in the mix. And with so many choices, it’s not making life easy for the IT professionals trying to keep it all running smoothly.

For many, it can feel like they’re in the dark when it comes to internet stuff on construction sites. A lot of general contractors out there might not realize that there are specific IT services tailor-made to handle jobsite internet. It’s like having a toolbox full of tools, but not knowing which is the right one for the job.

All this is happening at a time when more and more connected devices are finding their way onto the jobsite, increasing the need for reliable and high-speed internet access. Everything from toolbox safety talks to entering timecards for payroll are now being handled digitally. The data supports the industry’s trajectory towards increased IT spending, with the construction technology market forecasted to exceed US$ 24,178.4 million by 2033, with an annual growth rate (CAGR) of 16.9%. This underscores the important role IT services will play in simplifying technology on the jobsite and keeping field teams connected.

From Hard Hats to Hard Savings: Tech’s Role in Cutting Construction Costs

Rising wages and material prices are hitting project budgets hard. Deloitte says the overall cost of construction has gone up by a whopping 40.7% since February 2020. This is making many rethink how they manage construction. Every time the costs shoot up, it’s becoming clear that putting money into software and going digital isn’t just spending – it’s a smart move to make things better. IT teams must collaborate with the folks in charge to figure out how everyone’s using tech and what kind of internet is needed on the jobsite. ConstructEdge can help make sure you have the right tools for the digital job – teamwork makes the tech work!

Evolving Role of IT Service Providers

The role of IT service providers in construction is changing. Customers want solutions that fit the unique challenges of the industry, not just one-size-fits-all answers. It’s not only about having tech skills; these providers need to know the ins and outs of construction, from managing projects to keeping the team connected and the jobsite secure. The key is for IT service providers and construction companies to team up closely. This partnership is crucial to make sure special solutions, like Smart Trailers, private LTE, and Smart Jobsites, really work for the day-to-day needs of the construction world.

Internet Connectivity on Construction Sites

The importance of reliable internet connectivity on jobsites cannot be overstated in today’s digital construction workflow. It’s the heartbeat that keeps field teams connected, sharing information, and working together smoothly with everyone involved in a construction project. General contractors, electrical contractors, and project owners all have a part in ensuring that a reliable network is in place. General contractors often take the lead in coordinating the setup of internet services, ensuring that the connectivity needs of the entire project are met. Electrical contractors play a critical role in establishing power and connectivity for various on-site systems. Project owners, on the other hand, may specify connectivity requirements as part of the project plan.

Best practices for ensuring internet connectivity on jobsites involve choosing the right combination of available technologies, defining requirements for cybersecurity, network support, and planning for each stage in the project. This is important because jobsites change as construction progresses and network downtime requires fast support to prevent delays.

Cybersecurity in Construction IT

As construction keeps getting more high-tech, you can’t ignore how crucial cybersecurity is to the industry. With smart devices, online teamwork tools, and other tech upgrades, construction projects have a greater risk of cyber threats. It’s important to have a solid plan to keep things safe, like using strong passwords, keeping important information under lock and key, and updating cyber security rules. It’s not just about the tech stuff; you’ve also got to teach your teams about staying safe online and conducting regular audits to make sure everything’s locked up tight.

Looking into the future, cybersecurity is going to be a big deal in construction tech. New tricks will be needed to fight off the malicious actors, like using artificial intelligence to catch threats and blockchain tech to keep your data safe. To stay on top of things, you need to keep training your teams, stay in the loop about the latest in cybersecurity, and get help from experts to keep your defenses strong. As tech keeps changing, being able to handle IT security will be an important part of successful construction projects.

Future Trends and Predictions

Getting a grip on the future of construction IT services means thinking ahead about how jobsite networks can handle all the new tech coming their way, but it doesn’t mean every new thing will pop up on the jobsite right away. For IT teams in construction companies, the real focus will be on planning, setting up, and taking down jobsite networks in the smartest and most cost-effective way. Similar approaches on different jobsites will likely come about as IT teams figure out the best ways to handle things. The IT service providers who know their stuff about construction will be the ones leading the way, offering a mix of tech and services that fit just right for construction companies.