Construction management is hot indeed, here are some very interesting figures to show that waterfall methodologies are far from being dead:
- in 2016, the U.S. industry was valued at nearly $1.2 trillion–up 47 percent from 2011, according to the U.S. Census Bureau
- Procore Technologies landed $100 million in funding for its project management software
- IronPlanet, an online marketplace for used heavy construction equipment, received more than $100 million in venture capital before being acquired by Canada-based Ritchie Bros. Auctioneers for nearly $800 million in 2016.
- Global funding for construction tech startups skyrocketed to $254 million in 2015, from $51 million in 2010, according to CB Insights, but analysts say tech companies are just getting started.