Construct Technology – 2021

April 28, 2021. MPG actively tracks the fast-developing Construct Tech landscape and has observed several trends and developments:

• Digital transformation of the built environment has begun in earnest, impacting the full life cycle of design, planning, construction and operations for architects, engineers, contractors and developers

• COVID-19 has accelerated the uptake of construct tech tools, especially those enabling collaboration, distance working and jobsite safety; longer term, owner/operators have begun to rethink building and infrastructure investments

• Nonexistent before 2010, the construct tech eco-system now comprises large global software players, over 5,000 startups who have raised over $3 billion, focused venture capital and private equity firms and an active M&A environment