Global Capital Projects Outlook, 2021: Optimism and Digitization
Top Trends of the Global Construction Sector
Download this annual outlook report presented by InEight and discover why the construction industry is emerging from the global pandemic with an aura of confidence as it continues to digitally transform. Learn what is behind this optimism, but also the challenges the sector is anticipating worldwide.
THE REPORT’S OBJECTIVE
InEight annually surveys 300 large enterprise capital project and construction professionals in the Americas, APAC and Europe to gauge general confidence and optimism levels across the industry. This survey was designed and conducted in conjunction with a specialized global enterprise technology research partner. Results were then analyzed and submitted to InEight experts for commentary based on their experience and vantage points in the industry.
REPORT
METHODOLOGY
InEight surveyed 300 of the world’s largest capital project owner and contractor construction professionals in the Americas, APAC and EMEA. We got their responses to 25 questions to gauge overall confidence and optimism levels across the industry. Sixty-four percent of the respondents are project owners, while 36% are contractors.
PART 1: CONFIDENCE AND GROWTH
The overwhelming majority of owners and contractors surveyed during the height of COVID-19 were optimistic about their organization’s growth prospects for the next 12 months.
PART 2: PROJECT CERTAINTY
Innovation is spreading throughout the industry, and with new digital tools for estimating costs and assessing risk being put to work on jobsites, confidence in project certainty is expected to skyrocket.
PART 3: DIGITAL TRANSFORMATION
While the industry has lagged behind others when it comes to digitally transforming, our survey indicates organizations are more widely adopting technology. But note that owners and contractors don’t always agree on what types of digital tools are most valuable.
PART 4: CONNECTED
DATA
Respondents agree on the importance of collecting project data, but are owners and contractors extracting the right data and leveraging it properly for better project outcomes?
PART 5: EUROPE, APAC AND THE AMERICAS
The survey takes a deep dive into the three regions and dissects their levels of optimism and digital transformation. As you will see, one region stands out among the rest when it comes to adopting new technology for delivering better outcomes.
