Market Update

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

Practice Leaders

Jeffrey Herriman
Managing Director

R. Drew Ogden
Managing Director

Michael Magruder
Managing Director

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