Construction Management Software Market Insights and Growth by 2031
The construction management software market is expected to register a CAGR of 11.1% during 2023–2031. Cloud based construction management software is likely to remain a key trend in the market.
Construction Management Software Market Analysis
- The construction management software includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
- The construction management software market is growing owing to factors such as an increase in construction and the development of numerous projects globally, the increasing need to improve construction productivity, and the growing importance of lean management.
- Integration with advanced technologies such as AI and ML to provide lucrative opportunities for the construction management software market.
Construction Management Software Market Overview
- Construction management software is a tool (or collection of tools) that helps construction companies manage budgets, guarantee quality and safety programs, create schedules and timelines, finish quality and safety checklists, store daily reports, communicate and collaborate with stakeholders both in the office and in the field, and much more.
- Teams can operate more effectively and productively by using construction management software, which automates, streamlines, and links activities and data throughout the project lifecycle.
- Construction software management integrates with other tools to enhances team collaboration and project communication.
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Construction Management Software Market: Strategic Insights
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Construction Management Software Market: Strategic Insights
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Construction Management Software Market Drivers and Opportunities
Increase In Construction And The Development Of Numerous Projects to Favor Market
- The construction sector is experiencing an increasing demand for effective project management technologies.
- Construction management software facilitates better communication, more efficient project execution, and streamlined processes.
- Teams may reduce errors and delays by using it to manage schedules, budgets, resources, and documents in real time. These technologies are crucial for preserving collaboration and oversight as projects get bigger and more complicated.
Integration With Advanced Technologies Such As Artificial Intelligence (AI) and Machine Learning (ML)
- The integration of artificial intelligence (AI) is revolutionizing traditional construction practices by offering creative solutions, optimizing designs, and streamlining decision-making processes—thus changing the game in today's dynamic landscape of construction management, where efficiency and innovation are crucial.
- In order to anticipate possible problems, delays, or cost overruns before they happen, AI systems can evaluate past data.
- Project managers are better able to mitigate risks when they take a proactive approach. By considering variables like skill types, availability, and project requirements, AI can optimize resource distribution across projects, resulting in more effective operations.
Construction Management Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the construction management software market analysis are component, deployment, building type, and end user.
- By component, the market is bifurcated into software and services.
- By deployment, the market is bifurcated into cloud and on-premises.
- By building type, the market is bifurcated into commercial buildings and residential buildings.
- By end user, the market is segmented into architects and designers, construction managers, and others.
Construction Management Software Market Share Analysis by Geography
- The construction management software market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering construction management software market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the construction management software market in these regions.
Construction Management Software Market Report Scope
Construction Management Software Market News and Recent Developments
The construction management software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the construction management software market are listed below:
- Linarc, Inc., the fastest-growing collaborative project management platform in the construction industry, has launched a better way to deliver construction projects. Linarc solves the daily challenges that owners, design teams, and contractors confront while driving projects to completion. (Source: Linarc, Inc, Press Releases, November 2022)
- CMiC, a leading provider of robust accounting and project management software solutions for construction and capital project firms, announced the launch of CONSTRUCT — the next-generation construction ERP. Developed to meet the evolving business needs of construction firms and help them futureproof operational processes, this AI-enabled suite of solutions allows teams to effectively control project changes, manage material suppliers and subcontractor tasks, enhance communications and collaboration, streamline bidding processes, and improve document management. (Source: CMiC, Press Releases, September 2022)
Construction Management Software Market Report Coverage and Deliverables
The “Construction Management Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Construction management software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Construction management software market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Construction management software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the construction management software market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Integration with advanced technologies such as AI and ML is anticipated to play a significant role in the global construction management software market in the coming years.
The leading players operating in the construction management software market are Autodesk Inc; Construct Connect; Buildertrend; Bentley Systems; Inc.; Oracle corporation; BrickControl.com; CMiC; BuildTools; e-Builder; Inc.; and Buildstar Technology.
The global construction management software market is expected to grow at a CAGR of 11.1% during the forecast period 2024 - 2031.
The increase in construction and the development of numerous projects globally, the increasing need to improve construction productivity, and the growing importance of lean management are the major factors driving the construction management software market.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Construction Management Software Market - By Deployment Type
1.3.2 Construction Management Software Market - By End-user
1.3.3 Construction Management Software Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONSTRUCTION MANAGEMENT SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CONSTRUCTION MANAGEMENT SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CONSTRUCTION MANAGEMENT SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. CONSTRUCTION MANAGEMENT SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. CONSTRUCTION MANAGEMENT SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONSTRUCTION MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
7.1. OVERVIEW
7.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
7.3. CLOUD
7.3.1. Overview
7.3.2. Cloud Market Forecast and Analysis
7.4. ON-PREMISES
7.4.1. Overview
7.4.2. On-premises Market Forecast and Analysis
8. CONSTRUCTION MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. BUILDERS AND CONTRACTORS
8.3.1. Overview
8.3.2. Builders and Contractors Market Forecast and Analysis
8.4. CONSTRUCTION COMPANIES
8.4.1. Overview
8.4.2. Construction Companies Market Forecast and Analysis
8.5. ENGINEERS AND ARCHITECTS
8.5.1. Overview
8.5.2. Engineers and Architects Market Forecast and Analysis
9. CONSTRUCTION MANAGEMENT SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Construction Management Software Market Overview
9.1.2 North America Construction Management Software Market Forecasts and Analysis
9.1.3 North America Construction Management Software Market Forecasts and Analysis - By Deployment Type
9.1.4 North America Construction Management Software Market Forecasts and Analysis - By End-user
9.1.5 North America Construction Management Software Market Forecasts and Analysis - By Countries
9.1.5.1 United States Construction Management Software Market
9.1.5.1.1 United States Construction Management Software Market by Deployment Type
9.1.5.1.2 United States Construction Management Software Market by End-user
9.1.5.2 Canada Construction Management Software Market
9.1.5.2.1 Canada Construction Management Software Market by Deployment Type
9.1.5.2.2 Canada Construction Management Software Market by End-user
9.1.5.3 Mexico Construction Management Software Market
9.1.5.3.1 Mexico Construction Management Software Market by Deployment Type
9.1.5.3.2 Mexico Construction Management Software Market by End-user
9.2. EUROPE
9.2.1 Europe Construction Management Software Market Overview
9.2.2 Europe Construction Management Software Market Forecasts and Analysis
9.2.3 Europe Construction Management Software Market Forecasts and Analysis - By Deployment Type
9.2.4 Europe Construction Management Software Market Forecasts and Analysis - By End-user
9.2.5 Europe Construction Management Software Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Construction Management Software Market
9.2.5.1.1 Germany Construction Management Software Market by Deployment Type
9.2.5.1.2 Germany Construction Management Software Market by End-user
9.2.5.2 France Construction Management Software Market
9.2.5.2.1 France Construction Management Software Market by Deployment Type
9.2.5.2.2 France Construction Management Software Market by End-user
9.2.5.3 Italy Construction Management Software Market
9.2.5.3.1 Italy Construction Management Software Market by Deployment Type
9.2.5.3.2 Italy Construction Management Software Market by End-user
9.2.5.4 United Kingdom Construction Management Software Market
9.2.5.4.1 United Kingdom Construction Management Software Market by Deployment Type
9.2.5.4.2 United Kingdom Construction Management Software Market by End-user
9.2.5.5 Russia Construction Management Software Market
9.2.5.5.1 Russia Construction Management Software Market by Deployment Type
9.2.5.5.2 Russia Construction Management Software Market by End-user
9.2.5.6 Rest of Europe Construction Management Software Market
9.2.5.6.1 Rest of Europe Construction Management Software Market by Deployment Type
9.2.5.6.2 Rest of Europe Construction Management Software Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Construction Management Software Market Overview
9.3.2 Asia-Pacific Construction Management Software Market Forecasts and Analysis
9.3.3 Asia-Pacific Construction Management Software Market Forecasts and Analysis - By Deployment Type
9.3.4 Asia-Pacific Construction Management Software Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Construction Management Software Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Construction Management Software Market
9.3.5.1.1 Australia Construction Management Software Market by Deployment Type
9.3.5.1.2 Australia Construction Management Software Market by End-user
9.3.5.2 China Construction Management Software Market
9.3.5.2.1 China Construction Management Software Market by Deployment Type
9.3.5.2.2 China Construction Management Software Market by End-user
9.3.5.3 India Construction Management Software Market
9.3.5.3.1 India Construction Management Software Market by Deployment Type
9.3.5.3.2 India Construction Management Software Market by End-user
9.3.5.4 Japan Construction Management Software Market
9.3.5.4.1 Japan Construction Management Software Market by Deployment Type
9.3.5.4.2 Japan Construction Management Software Market by End-user
9.3.5.5 South Korea Construction Management Software Market
9.3.5.5.1 South Korea Construction Management Software Market by Deployment Type
9.3.5.5.2 South Korea Construction Management Software Market by End-user
9.3.5.6 Rest of Asia-Pacific Construction Management Software Market
9.3.5.6.1 Rest of Asia-Pacific Construction Management Software Market by Deployment Type
9.3.5.6.2 Rest of Asia-Pacific Construction Management Software Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Construction Management Software Market Overview
9.4.2 Middle East and Africa Construction Management Software Market Forecasts and Analysis
9.4.3 Middle East and Africa Construction Management Software Market Forecasts and Analysis - By Deployment Type
9.4.4 Middle East and Africa Construction Management Software Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Construction Management Software Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Construction Management Software Market
9.4.5.1.1 South Africa Construction Management Software Market by Deployment Type
9.4.5.1.2 South Africa Construction Management Software Market by End-user
9.4.5.2 Saudi Arabia Construction Management Software Market
9.4.5.2.1 Saudi Arabia Construction Management Software Market by Deployment Type
9.4.5.2.2 Saudi Arabia Construction Management Software Market by End-user
9.4.5.3 U.A.E Construction Management Software Market
9.4.5.3.1 U.A.E Construction Management Software Market by Deployment Type
9.4.5.3.2 U.A.E Construction Management Software Market by End-user
9.4.5.4 Rest of Middle East and Africa Construction Management Software Market
9.4.5.4.1 Rest of Middle East and Africa Construction Management Software Market by Deployment Type
9.4.5.4.2 Rest of Middle East and Africa Construction Management Software Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Construction Management Software Market Overview
9.5.2 South and Central America Construction Management Software Market Forecasts and Analysis
9.5.3 South and Central America Construction Management Software Market Forecasts and Analysis - By Deployment Type
9.5.4 South and Central America Construction Management Software Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Construction Management Software Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Construction Management Software Market
9.5.5.1.1 Brazil Construction Management Software Market by Deployment Type
9.5.5.1.2 Brazil Construction Management Software Market by End-user
9.5.5.2 Argentina Construction Management Software Market
9.5.5.2.1 Argentina Construction Management Software Market by Deployment Type
9.5.5.2.2 Argentina Construction Management Software Market by End-user
9.5.5.3 Rest of South and Central America Construction Management Software Market
9.5.5.3.1 Rest of South and Central America Construction Management Software Market by Deployment Type
9.5.5.3.2 Rest of South and Central America Construction Management Software Market by End-user
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CONSTRUCTION MANAGEMENT SOFTWARE MARKET, KEY COMPANY PROFILES
11.1. AUTODESK INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BENTLEY SYSTEMS, INCORPORATED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BUILDERTREND
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CONSTRUCTCONNECT, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FIELDWIRE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ORACLE CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PROCORE TECHNOLOGIES, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAGE GROUP PLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TIMBLE INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VIEWPOINT, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Autodesk Inc.
2. Bentley Systems, Incorporated
3. Buildertrend
4. ConstructConnect, Inc.
5. Fieldwire
6. Oracle Corporation
7.Procore Technologies, Inc.
8. Sage Group plc
9. Timble Inc
10. Viewpoint, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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