Hexaware Positioned as a Visionary in the 2026 Gartner® Magic Quadrant™ for Custom Software Development Services
Hexaware Positioned as a Visionary in the 2026 Gartner® Magic Quadrant™ for Custom Software Development Services
Gartner, Magic Quadrant for Custom Software Development Services, By Jaideep Thyagarajan, Ryan McKinney, Nathan Davie, 28 September 2026. Gartner and Magic Quadrant are trademarks of Gartner, Inc. and/or its affiliates. Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose. This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Hexaware.
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– The global construction sector may grow from 9.7 trillion dollars in 2022 to 13.9 trillion by 2037.
– AEC tech investment reached roughly 50 billion dollars between 2020 and 2022, per estimates.
– Generative AI supports realtors through personalized search and immersive digital property tours.
– Gen AI also aids construction compliance, covering zoning rules and energy efficiency standards.
Generative AI’s role in the Building and Construction sector extends far beyond being a simple addition of new-age technology that can increase productivity.
The global construction sector is expected to grow over US$4.2 trillion over the next 15 years – from US$9.7 trillion in 2022 to US$13.9 trillion by 2037. The industry is adopting AI disruptors at a lightning pace and keeping pace with technology innovation to unlock exponential business value. AI in the construction market is anticipated to grow at a CAGR of 20% between 2023 and 2032.
Gen AI can significantly transform architecture, engineering and construction (AEC) which is one of the biggest industries in the world, but historically it has been among the slowest to digitize and innovate. As per McKinsey, this is changing fast: strong demand for infrastructure, a shortage of skilled labor, and increased stakeholder pressure for data transparency and integration are all accelerating digital adoption. As a result, the AEC tech ecosystem has experienced an explosion of investment, and a wave of start-up launches. An estimated $50 billion was invested in AEC tech between 2020 to 2022, 85% higher than the previous three years.
Generative AI in AEC can help with various aspects, including planning, real-time monitoring, and inspection. Improving productivity with data and technology integrations in the design phase and subsequent processes will boost efficiency and increase cost-effectiveness. Also, the compliance with regulations can help in avoiding legal issues, delays, and additional costs.
Let’s explore its uses and dive into its benefits for key areas.
Generative AI is an emerging technology but is already widely adopted. It has proved its competence in almost every field by comprehending and building on data with contextual, audience-centric information analysis, content generation, and more.
In analyzing extensive datasets from AEC projects, AI generates efficient designs that enhance safety and longevity. Moreover, it can create improved construction schedules, automate data-driven tasks, and strengthen on-site safety measures.
The bottom line is that Gen AI has the potential to save the AEC industry billions of dollars annually and is poised to play a pivotal role in the industry’s future. Here’s a list of its key use cases for home design, construction, maintenance, mortgage, and customer buying experience, mainly jobs taken up by construction companies and their architecture and sales partners.
Generative AI streamlines building, project planning, and management by accurately predicting project timelines and resource requirements, minimizing delays and cost overruns. It contributes to improved safety on construction sites using AI-powered sensors and custom vision, which monitor the work environment in real time and provide predictive analytics to prevent accidents.
Additionally, it assists in optimizing design, planning, and safety, not only reforming the building and construction’s age-old outlook but also paving the way for efficiency, longevity, and innovation.
In conclusion, Gen AI is revolutionizing the construction sector by streamlining compliance with stringent safety regulations while speeding up the prerequisites to achieve the goal. It saves time and money for contractors, construction companies, and building owners by identifying and rectifying violations while improving the safety and longevity of new construction.
While the benefits are numerous, it’s essential to consider a few challenges and limitations, including the need for high-quality data and specialized expertise to bring out its accuracy. Nevertheless, with the right approach and investment, Gen AI can enable better construction, safer processes, and long-sustaining structures, marking the sectors’ entry into an era of innovation and transformation.
The limitless potential of generative AI opens the door to smarter practices, allowing the construction industry to create inspiring structures for the future.