loT in Construction

IoT in Construction Market Outlook

The global Internet of Things (IoT) in construction market is projected to reach approximately USD 25 billion by 2035, growing at a compound annual growth rate (CAGR) of around 20% from 2025 to 2035. This impressive growth trajectory can be attributed to several key factors, including the increasing demand for smart construction technologies, the need for enhanced efficiency and safety on job sites, and the growing adoption of advanced data analytics. Moreover, the integration of IoT devices facilitates real-time monitoring and management of construction operations, leading to reduced costs and improved project outcomes. As construction companies seek to leverage technology to meet growing demands, the IoT in construction is expected to play a crucial role in transforming the industry landscape.

Growth Factor of the Market

The growth of the IoT in construction market can be primarily attributed to the increasing emphasis on automation in various construction processes. Companies are increasingly adopting IoT technologies to enhance their operational efficiency, improve project management, and ensure worker safety. Additionally, the rise of smart cities and initiatives aimed at sustainable development are further propelling the adoption of IoT solutions in construction. The proliferation of connected devices allows for seamless communication between various stakeholders, enabling improved decision-making based on real-time data. Furthermore, the integration of IoT with Building Information Modeling (BIM) facilitates better collaboration among project teams, leading to enhanced transparency and accountability. As construction projects become more complex, the demand for IoT solutions is expected to continue growing, driving the market forward.

Key Highlights of the Market

• The market is expected to see a significant CAGR of 20% from 2025 to 2035.
• North America holds the largest market share due to advanced technology adoption.
• The application of remote monitoring is anticipated to dominate the market segment.
• Smart wearables are gaining traction for improving worker safety on-site.
• Growing investments in infrastructure projects worldwide are fueling market growth.

By Component

Sensors:

Sensors are a crucial component of IoT in construction, providing real-time data on various parameters such as temperature, humidity, and vibrations. These devices enable construction managers to monitor critical conditions on-site, ensuring that projects adhere to safety and compliance standards. The deployment of sensors facilitates proactive decision-making, as issues can be identified and rectified before they escalate. For instance, temperature sensors can help manage concrete curing processes, while vibration sensors can detect anomalies in structural integrity. As the demand for smart construction increases, sensors will continue to play a vital role in enhancing operational efficiency and safety.

RFID Tags:

Radio-frequency identification (RFID) tags are gaining popularity in the construction sector for their ability to track materials and equipment throughout the project lifecycle. By attaching RFID tags to construction assets, companies can achieve real-time visibility of their inventory, reducing the risk of loss or theft. This technology streamlines supply chain management and ensures that necessary materials are available when needed, ultimately leading to improved productivity and reduced downtime. As construction projects become more complex, the adoption of RFID tags is expected to increase significantly, providing companies with better control over their assets.

GPS:

Global Positioning System (GPS) technology has emerged as a valuable tool in construction, offering precise location tracking for vehicles, equipment, and personnel on job sites. The integration of GPS into construction workflows enables companies to optimize logistics, improve fleet management, and ensure efficient resource allocation. Furthermore, GPS technology aids in compliance with regulations and safety measures by allowing firms to monitor workers' locations and ensure they are operating in designated areas. As the construction industry continues to seek ways to enhance efficiency and reduce costs, GPS technology will remain an integral component of IoT solutions in this sector.

Building Information Modeling (BIM):

Building Information Modeling (BIM) stands out as a transformative component of the IoT in construction market, enabling stakeholders to visualize project designs and manage information collaboratively. BIM combines 3D modeling with data analytics, allowing construction managers to simulate and analyze various scenarios before actual construction begins. This proactive approach minimizes errors and rework, ultimately leading to cost savings and streamlined project execution. Additionally, the integration of IoT devices with BIM enhances real-time monitoring of construction progress, ensuring that projects stay on schedule and within budget.

Smart Wearables:

Smart wearables are revolutionizing the construction industry by enhancing worker safety and productivity. Devices such as smart helmets, wristbands, and safety glasses are equipped with IoT capabilities, allowing for real-time monitoring of workers' health and environmental conditions. These wearables can detect fatigue, dizziness, or exposure to hazardous conditions, alerting supervisors to potential risks. Furthermore, smart wearables facilitate seamless communication between workers and management, ensuring that essential information is shared promptly. As safety regulations become increasingly stringent, the adoption of smart wearables in construction is expected to rise significantly, contributing to a safer work environment.

By Building Information Modeling

3D Modeling:

3D modeling is a critical aspect of the Building Information Modeling (BIM) process, allowing construction professionals to create detailed visual representations of projects. This technology enables architects and engineers to design structures accurately while considering various factors such as material usage, spatial relationships, and environmental impacts. 3D models facilitate better communication among project stakeholders, enabling them to identify potential issues early in the design phase. As the construction industry increasingly embraces digital transformation, 3D modeling will continue to play a pivotal role in enhancing project outcomes and fostering collaboration.

4D Modeling:

4D modeling incorporates time as an additional dimension to traditional 3D modeling, allowing construction teams to visualize project timelines alongside physical designs. This approach enables stakeholders to understand how construction activities will unfold over time, helping to identify potential bottlenecks and schedule conflicts. By simulating construction sequences, 4D modeling facilitates better planning and resource allocation. Furthermore, this technology enhances communication with clients and stakeholders, providing a clearer understanding of project timelines and expectations.

5D Modeling:

5D modeling adds cost estimation to the 3D and 4D modeling processes, allowing construction professionals to analyze expenses throughout the project lifecycle. This integration enables accurate budgeting and financial forecasting, ensuring that projects remain financially viable. By leveraging 5D modeling, companies can identify cost-saving opportunities and make informed decisions regarding materials and resource allocation. As the demand for transparency in construction finances grows, the adoption of 5D modeling is expected to increase significantly, enhancing the overall efficiency of project management.

By Application

Remote Monitoring:

Remote monitoring is one of the leading applications of IoT in construction, enabling real-time oversight of job sites from remote locations. This technology empowers project managers to track construction progress, monitor equipment usage, and assess worker safety without being physically present. By leveraging IoT devices for remote monitoring, companies can reduce response times to issues and improve overall project management efficiency. The demand for remote monitoring solutions has surged, especially in light of recent global events that have highlighted the importance of flexible work arrangements.

Equipment Tracking:

Equipment tracking is another essential application of IoT in the construction sector that enhances asset management and operational efficiency. Companies can utilize IoT-enabled devices such as GPS trackers and RFID tags to monitor the location and status of construction equipment in real time. This capability reduces the risk of equipment loss or theft, optimizes maintenance schedules, and ensures that assets are available when needed. As the competition in the construction industry intensifies, efficient equipment tracking will remain a critical focus area for businesses looking to maximize productivity and minimize costs.

Safety Management:

Safety management is a pivotal application of IoT in construction, aimed at protecting workers and mitigating risks on job sites. IoT solutions, such as smart wearables and sensors, provide real-time data on environmental conditions, worker health, and potential hazards. By integrating these technologies into safety protocols, construction companies can proactively identify and address safety concerns, reducing the likelihood of accidents and injuries. The emphasis on safety management will continue to grow as regulations tighten and the industry prioritizes worker well-being.

Predictive Maintenance:

Predictive maintenance is transforming the way construction companies manage their equipment and resources. By leveraging IoT sensors to monitor equipment performance, companies can identify potential issues before they lead to costly breakdowns or downtime. This proactive approach minimizes repair costs and extends the lifespan of machinery, ultimately contributing to improved overall efficiency in construction operations. As the demand for increased reliability and performance grows, predictive maintenance will become a standard practice in the industry.

Energy Management:

Energy management is an increasingly important application of IoT in construction, as companies strive to reduce costs and minimize their environmental impact. IoT technologies enable real-time monitoring of energy consumption, allowing construction teams to identify inefficiencies and implement corrective measures. Through energy management solutions, businesses can optimize their usage of resources and integrate renewable energy sources into their operations. As sustainability becomes a key focus in the construction industry, effective energy management will play a critical role in achieving long-term goals.

By User

Residential Construction:

The residential construction sector is rapidly adopting IoT technologies to enhance project efficiency and improve the home-building experience. IoT applications, such as smart home technologies and energy management systems, are becoming increasingly popular among homeowners and builders alike. These technologies not only streamline construction processes but also provide homeowners with greater control over their living environments. As consumer demand for smart home features continues to grow, the residential construction segment will increasingly integrate IoT solutions into its offerings.

Commercial Construction:

Commercial construction is witnessing a surge in IoT adoption as businesses seek to optimize their operations and improve project delivery. IoT technologies facilitate better project management, enabling stakeholders to monitor timelines, budgets, and resource allocation in real time. Additionally, the integration of smart building solutions in commercial spaces enhances energy efficiency and occupant comfort. As the commercial construction sector becomes more competitive, the strategic use of IoT solutions will be essential for companies looking to differentiate themselves in the market.

Industrial Construction:

Industrial construction is increasingly leveraging IoT technologies to enhance productivity and streamline operations. By implementing IoT solutions, companies can optimize project planning, monitor equipment performance, and improve safety protocols. The adoption of IoT technologies in industrial construction allows for real-time data analysis, enabling project managers to identify potential issues and make informed decisions. As the demand for efficiency and cost-effectiveness grows, the industrial construction sector will continue to integrate IoT solutions into its workflows.

Infrastructure Construction:

The infrastructure construction segment is experiencing a significant transformation due to the adoption of IoT technologies. Smart infrastructure projects, such as bridges and roads, can benefit from real-time monitoring systems that assess structural health and safety. By leveraging IoT solutions, stakeholders can optimize maintenance schedules and enhance the longevity of infrastructure assets. As countries invest in modernizing their infrastructure, the integration of IoT technologies will play a critical role in ensuring the success of these projects.

Others:

Beyond the primary segments, various other users in the construction industry are beginning to adopt IoT technologies. This includes niche markets such as green construction, disaster recovery, and renovation projects. These segments are increasingly leveraging IoT solutions to improve project management, enhance sustainability practices, and optimize resource allocation. As the construction industry evolves, the diverse user segments will continue to explore innovative ways to integrate IoT technologies into their practices.

By Connectivity Technology

Wired:

Wired connectivity technology remains a foundational aspect of IoT in construction, particularly for establishing stable and secure communication networks on job sites. Wired connections, such as Ethernet, provide a reliable means of data transmission, ensuring that IoT devices can communicate effectively without interruptions. This technology is particularly beneficial in environments where wireless signals may be inconsistent or unreliable. As construction companies continue to invest in robust infrastructure, wired connectivity will play a crucial role in facilitating seamless communication among devices and stakeholders.

Wireless:

Wireless connectivity technology is increasingly becoming the preferred choice for IoT applications in construction, owing to its flexibility and ease of deployment. Wireless networks, including Wi-Fi and Bluetooth, enable real-time data sharing among various devices and personnel on job sites. This technology allows construction teams to access critical information and insights from anywhere, thereby improving collaboration and decision-making. The ongoing advancements in wireless technology will further enhance the capabilities of IoT solutions in the construction industry, driving the growth of this segment.

Cellular:

Cellular connectivity technology plays a vital role in IoT applications within the construction sector, particularly in remote or challenging environments. With the expansion of 4G and 5G networks, cellular technology enables high-speed data transmission, allowing construction teams to monitor and manage projects in real time. This connectivity is crucial for applications such as equipment tracking and remote monitoring, providing construction managers with the ability to make informed decisions based on real-time data. As the demand for mobile solutions grows, cellular connectivity will continue to be a key driver of IoT adoption in construction.

Satellite:

Satellite connectivity technology serves as an essential solution for IoT applications in construction, particularly in remote and rural areas where traditional connectivity options may be limited. Satellite technology provides reliable communication channels for monitoring and managing construction activities, regardless of location. This capability is particularly valuable for infrastructure projects that span vast geographical areas or for projects located in challenging environments. As construction companies expand their operations into less accessible regions, satellite connectivity will play a pivotal role in ensuring effective communication and data transmission.

LPWAN:

Low Power Wide Area Network (LPWAN) technology is emerging as an effective solution for IoT applications in construction that require long-range connectivity and low power consumption. LPWAN enables devices to communicate over extended distances, making it suitable for monitoring equipment, sensors, and assets on large job sites. This technology supports a wide range of applications, from tracking environmental conditions to managing energy consumption. As the demand for efficient and sustainable IoT solutions grows, LPWAN technology will continue to gain traction in the construction industry.

By Region

The North American region is poised to lead the IoT in construction market, driven by the rapid adoption of advanced technologies and rising investments in smart construction projects. The market in North America is projected to reach approximately USD 10 billion by 2035, bolstered by the demand for improved operational efficiency and safety across construction activities. The presence of key market players and a strong focus on innovation further contribute to the region's dominance. Moreover, the integration of IoT with Building Information Modeling (BIM) and other advanced solutions is expected to enhance construction practices in this region significantly.

In Europe, the IoT in construction market is also experiencing significant growth, estimated to reach around USD 8 billion by 2035. Factors such as stringent regulations regarding worker safety and energy efficiency are driving the adoption of IoT technologies across various construction projects. The European market is characterized by a high emphasis on sustainability and smart construction practices, leading to increased investments in IoT solutions. The region's focus on innovation and technological advancement will continue to support the growth of the IoT in construction market.

Opportunities

The IoT in construction market presents numerous opportunities for growth and innovation as companies seek to modernize their operations and improve project outcomes. One of the most promising opportunities lies in the development of smart construction technologies that integrate IoT solutions with artificial intelligence and machine learning. By leveraging these advanced technologies, construction companies can enhance their decision-making processes, optimize resource allocation, and improve overall project efficiency. Furthermore, the growing trend of sustainable construction practices presents a unique opportunity for IoT solutions to play a pivotal role in reducing energy consumption and minimizing environmental impact.

Another significant opportunity in the IoT in construction market is the rising demand for data analytics and insights derived from IoT devices. As construction companies increasingly recognize the value of data-driven decision-making, the ability to collect, analyze, and utilize data from IoT devices will become a priority. This shift toward data-centric approaches will enable construction firms to gain valuable insights into project performance, resource utilization, and worker safety. Additionally, the growing emphasis on collaboration and communication among project stakeholders will create opportunities for IoT solutions that facilitate real-time information sharing and enhance project visibility.

Threats

Despite the promising growth prospects of the IoT in construction market, several threats could hinder its development. One significant threat is the increasing concern regarding data security and privacy associated with IoT devices. As construction companies adopt IoT solutions, they become more vulnerable to cyberattacks and data breaches, which could compromise sensitive information and disrupt operations. The lack of robust cybersecurity measures can lead to significant financial losses and reputational damage for affected companies. To mitigate this threat, construction firms must prioritize cybersecurity and invest in secure IoT infrastructure to protect their data and assets.

Another potential threat to the IoT in construction market is the challenge of integrating new technologies with existing systems and processes. Many construction companies operate with legacy systems that may not be compatible with IoT solutions, leading to operational inefficiencies and increased costs. The complexity of integrating various IoT devices and platforms can create barriers to adoption, preventing companies from fully realizing the benefits of IoT technologies. To overcome this challenge, construction firms must invest in training and resources to facilitate a smooth transition toward IoT adoption and ensure that their workforce is equipped to leverage these technologies effectively.

Competitor Outlook

• Siemens AG
• Honeywell International Inc.
• Schneider Electric SE
• Cisco Systems, Inc.
• IBM Corporation
• Trimble Inc.
• Hexagon AB
• Oracle Corporation
• PTC Inc.
• Johnson Controls International plc
• Microsoft Corporation
• Ruckus Wireless, Inc.
• Accenture PLC
• Novinium, Inc.
• Veea Inc.

The competitive landscape of the IoT in construction market is marked by the presence of several key players, each striving to establish themselves as leaders in this rapidly evolving sector. Companies are increasingly focusing on innovation and technological advancement to differentiate themselves from competitors. Many players are investing heavily in research and development to create cutting-edge IoT solutions that address the specific needs of the construction industry. Additionally, strategic partnerships and collaborations are becoming more prevalent as companies seek to leverage complementary strengths and enhance their market presence.

As the market continues to expand, larger companies with established reputations and extensive resources are likely to maintain a competitive edge. These firms can capitalize on their brand recognition and existing customer relationships to drive adoption of their IoT solutions. Furthermore, they can invest in marketing efforts and customer education to promote the benefits of IoT in construction. Smaller companies and startups may also pose significant competition, particularly in niche areas of the market where they can offer specialized solutions tailored to specific customer needs. Overall, the competitive landscape is dynamic, with both established players and emerging companies vying for market share.

Key companies in the IoT in construction market include Siemens AG, which is known for its innovative IoT solutions across various industries, including construction. The company offers a wide range of products and services, including smart building technologies and advanced analytics, aimed at improving operational efficiency. Another prominent player, Honeywell International Inc., focuses on providing safety and efficiency solutions for construction sites, leveraging IoT technologies to enhance worker safety and streamline operations. Schneider Electric SE is also a major player in this market, offering a comprehensive suite of IoT solutions designed to optimize energy management and efficiency in construction projects.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 PTC Inc.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Veea Inc.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Hexagon AB
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Siemens AG
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Trimble Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Accenture PLC
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Novinium, Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 IBM Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Oracle Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Cisco Systems, Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Microsoft Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Ruckus Wireless, Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Schneider Electric SE
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Honeywell International Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Johnson Controls International plc
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 loT in Construction Market, By User
    • 6.1.1 Residential Construction
    • 6.1.2 Commercial Construction
    • 6.1.3 Industrial Construction
    • 6.1.4 Infrastructure Construction
    • 6.1.5 Others
  • 6.2 loT in Construction Market, By Component
    • 6.2.1 Sensors
    • 6.2.2 RFID Tags
    • 6.2.3 GPS
    • 6.2.4 Building Information Modeling (BIM)
    • 6.2.5 Smart Wearables
  • 6.3 loT in Construction Market, By Application
    • 6.3.1 Remote Monitoring
    • 6.3.2 Equipment Tracking
    • 6.3.3 Safety Management
    • 6.3.4 Predictive Maintenance
    • 6.3.5 Energy Management
  • 6.4 loT in Construction Market, By Connectivity Technology
    • 6.4.1 Wired
    • 6.4.2 Wireless
    • 6.4.3 Cellular
    • 6.4.4 Satellite
    • 6.4.5 LPWAN

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 loT in Construction Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global loT in Construction market is categorized based on

By Component

• Sensors
• RFID Tags
• GPS
• Building Information Modeling (BIM)
• Smart Wearables

By Application

• Remote Monitoring
• Equipment Tracking
• Safety Management
• Predictive Maintenance
• Energy Management

By User

• Residential Construction
• Commercial Construction
• Industrial Construction
• Infrastructure Construction
• Others

By Connectivity Technology

• Wired
• Wireless
• Cellular
• Satellite
• LPWAN

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Siemens AG
• Honeywell International Inc.
• Schneider Electric SE
• Cisco Systems, Inc.
• IBM Corporation
• Trimble Inc.
• Hexagon AB
• Oracle Corporation
• PTC Inc.
• Johnson Controls International plc
• Microsoft Corporation
• Ruckus Wireless, Inc.
• Accenture PLC
• Novinium, Inc.
• Veea Inc.