USD 10.2 billion
Construction Management Software Market Size, Share, Growth Analysis, By Offering(Solution, and Service), By End User(Architects and Designers, Construction Managers), By Deployment (On-Premise, and Cloud), By Application(Project Management and Scheduling, Safety and Reporting) - Industry Forecast 2024-2031
Report ID:
SQMIG45E2240 |
Region:
Global |
Published Date: April, 2024
Pages:
195
|
Tables:
118 |
Figures:
74
Construction Management Software Market Insights
Global Construction Management Software Market size was valued at USD 10.2 billion in 2022 and is poised to grow from USD 11.27 billion in 2023 to USD 24.34 billion by 2031, growing at a CAGR of 10.1% in the forecast period (2024-2031).
Construction management software is used to manage different aspects of construction projects and improve operational efficiency. Growing proliferation of technology in the construction industry is slated to bolster the demand for construction management software over the coming years. High investments in infrastructure development around the world are also slated to promote the adoption of construction management software in the future. Growing need for real-time communication in the construction industry, rising use of building information management systems, and high emphasis on including sustainability in construction projects are other factors that could push sales of construction management software across the forecast period and beyond. Developing countries such as China and India in the Asia Pacific region are slated to be highly lucrative markets for construction management software providers in the long run. However, complexity of implementation and resistance to change are key restraints that hold back construction management software market development.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
On-premise
Fastest Growth
Cloud
Growth Rate
10.1% CAGR
Global Construction Management Software Market ($ Bn)
Country Share for North America Region (%)
Global Construction Management Software Market By Deployment ($ Bn)
Global Construction Management Software Market By Deployment (%)
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Construction Management Software Market Segmental Analysis
The global construction management software market is segmented based on offering, deployment, end user, application, and region. In terms of offering, the market is segmented into solutions and service. Based on deployment, the market is bifurcated into on-premises and cloud. Based on application, the market is divided into project management and scheduling, safety and reporting, project design, field service management, cost accounting, and others. In terms of end user, the market is segmented into architects and designers, construction managers, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Deployment
On-premise construction management software is projected to account for a major chunk of the global construction management software market share. The high security and better service offered by on-premise construction management software is what allows it to account for a dominant market share.
Growing need for collaboration and increasing need for data storage in the construction industry is projected to bolster the adoption of cloud-based construction management software making it the fastest segment. Advancements in cloud technology and growing acceptance of cloud building modelling solutions are also contributing to the market growth.
Analysis by End User
Construction managers are estimated to hold sway over the global construction management software demand outlook in the future. Use of construction management software by construction managers helps them streamline their operations to maximize productivity and efficiency, which ultimately improves profitability of the construction project as well.
Use of construction management software by architects and designers is projected to surge at a rapid pace as construction companies use the software for internal communication purposes as well. This also helps architects and designers keep their project respective workflows different from each other to avoid confusion.
Global Construction Management Software Market By Deployment, 2022 (%)
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Construction Management Software Market Regional Insights
North America is predicted to dominate the global construction management software demand outlook across the forecast period. Rapid adoption of advanced technologies in the construction industry and growing residential and commercial construction activity are projected to boost market growth in this region. The United States and Canada are expected to witness high sales of construction management software over the coming years. The presence of developed infrastructure and stringent building regulations also promote construction management software adoption in North America.
Asia Pacific is slated to emerge as the fastest-growing regional market for construction management software providers in the world. High investments in infrastructure development and growing digitization of the construction industry are key factors promoting construction management software market growth in this region. Rapidly increasing urbanization and industrialization in this region is also slated to promote the uptake of construction management software going forward. Japan, China, India, and Indonesia are some key markets for construction management software companies in this region.
Global Construction Management Software Market By Region, (2024-2031)
- Largest
- Fastest
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Construction Management Software Market Dynamics
Drivers
High Use of Technology in Construction
- From advanced construction machinery to advanced construction software, the construction industry is rapidly digitizing its operations. This surge in digitization of the industry is projected to drive construction management software demand in the future.
Rapid Urbanization
- Urbanization worldwide is increasing at an alarming pace, giving rise to the launch of new construction projects worldwide. More construction activity improves the scope for construction management software demand outlook as well.
Restraints
Resistance to Change
- Construction workers might hesitate to use construction management software as they have been working without it for centuries now. Resistance to change by construction workers is estimated to impede construction management software market development going forward.
Complexity in Implementation
- Construction management software is a complex piece of software to deploy and implement as it would require integration with multiple other systems to ensure proper working. This complexity is projected to hamper market growth in the future.
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Construction Management Software Market Competitive Landscape
Construction management software providers should focus on simplifying their product to improve ease of access and usability. Construction management software companies can also collaborate with construction companies to create custom and specific solutions catered to specific requirements of these companies. Construction management software market players can also collaborate with leading tech companies to utilize advanced technology to improve the functionality of their offerings.
Top Player’s Company Profiles
- Autodesk Inc.
- SAP SE
- Intuit Inc.
- Cmic
- Roper Technologies Inc.
- Buildertrend Solution
- Computer Methods International Corp.
- Oracle Corporation
- Bentley Systems Inc.
- Sage Group plc
- Constellation Software Inc.
- Jonas Construction Software
- E-Builder Inc.
- Microsoft Corporation
- Trimble Inc.
- Construct Connect Inc.
- Procore Technologies
Recent Developments
- In November 2022, Trimble Inc., a renowned provider of services and technology for the building and construction industry, launched a new software solution to improve construction operation efficiency.
- In July 2022, Oracle Corporation, a leading name in the construction management software business, announced the extension of capabilities for its Smart Construction Platform to companies integrate data from other sources.
Construction Management Software Key Market Trends
- Move Towards Cloud-based Solutions: construction management software providers should emphasize the creation of new cloud-based software and solutions as acceptance of the same increases on a global level. Advancements in cloud technology are something that construction management software companies should keep an eye out for in the future.
Construction Management Software Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, rapid digitization and increasing use of construction technology are projected to be key factors promoting the demand for construction management software across the forecast period. However, complexity in integration and adoption challenges are predicted to impede the overall construction management software market growth potential going forward. The Asia Pacific region is slated to provide a plethora of opportunities for construction management software companies on the back of rapid urbanization in countries such as China and India. Construction management software companies should focus on the adoption of cloud-based solutions to amplify their business reach on a global level.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 10.2 billion |
| Market size value in 2031 | USD 24.34 billion |
| Growth Rate | 10.1% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Construction Management Software Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Construction Management Software Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Construction Management Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Construction Management Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Construction Management Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Construction Management Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Construction Management Software Market Report Snapshots
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