Cost-Estimating Software Market Growth Report 2021 to 2031
The cost-estimating software market size is expected to reach US$ 3.89 billion by 2031 from US$ 1.85 billion in 2023. The market is estimated to record a CAGR of 9.7% from 2023 to 2031. Integration of augmented reality and virtual reality for cost visualization is likely to remain a key market trend.
Cost-Estimating Software Market Analysis
The cost-estimating software market is predicted to grow considerably during the forecast period due to the rising use of software in project management. The software assists project managers, engineers, and cost estimators in estimating the financial resources required to complete a project within its parameters. In addition, with the growing adoption of cloud computing for cost estimation, companies can quickly access relevant data and generate accurate estimates seamlessly. Furthermore, the growing adoption of advanced technologies such as artificial intelligence (AI) and machine learning (ML) can considerably improve the precision of cost estimates by providing more accurate projections. Also, the increase in construction activities is expected to propel the demand for cost-estimating software as it can rapidly and precisely help estimate the expenses of a project. Moreover, the rising demand for cost visualization through VR and AR and the integration of blockchain technology for transparent cost estimation are expected to propel the cost-estimating software market growth during the forecasted period.
Cost-Estimating Software Market Overview
Cost-estimating software combines multiple approaches and resources to provide precise cost estimates. It helps organizations make more informed financial decisions by combining historical data with current market trends. The software has a variety of embedded functionalities that let users conduct in-depth budgeting and expense analysis. Automating difficult computations decreases the possibility of human error to a large extent. Furthermore, it enables real-time data revisions, guaranteeing that the estimates are relevant throughout the project's life cycle.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Cost-Estimating Software Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Cost-Estimating Software Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Cost-Estimating Software Market Drivers and Opportunities
Rising Use of Cost-Estimating Software in Project Management
Efficiency and accuracy are critical in the ever-changing field of project management. Using cost estimate software improves these areas significantly and offers several advantages. It greatly improves accuracy by reducing errors through the use of sophisticated algorithms, guaranteeing more accurate budget estimates. Additionally, the software accelerates the estimating procedure. Tasks that used to take hours or days can be completed in minutes using the software. In addition to saving time, this effectiveness enables project managers to react to changes more quickly, avoiding delays.
Cost-estimating software provides exceptional consistency because it uses a standardized method of calculation, ensuring uniformity across all project estimates. This uniformity is required for accurate comparison and analysis of various projects or proposals. The software also improves decision-making. When managers have accurate and trustworthy data at their disposal, they can make better decisions about project viability and budget allocation. As a result, projects are planned and carried out more strategically, maximizing resources and decreasing waste. Software for cost estimation also encourages accountability and openness among the project team members. Accessible detailed cost breakdowns make it easier to keep track of expenses and defend budgetary choices, building confidence among interested parties and facilitating the successful completion of projects. Hence, as cost-estimating software helps enhance accuracy and efficiency to promote accountability and strategic decision-making, its demand is increasing, boosting the growth of the cost-estimating software market globally.
Integration of Artificial Intelligence and Machine Learning
Traditional cost estimation models frequently rely on manually picked characteristics, which are time-consuming and prone to bias. However, the use of technologies such as AI and ML can considerably improve the precision of cost estimates by providing more accurate projections. Large datasets can be quickly analyzed by AI algorithms. As a result, they spot trends and patterns that human analysts would miss. This feature enables the creation of complex cost projections that take a wide range of variables into consideration. AI systems also constantly learn from fresh data. This implies that as a result of their improving precision over time, estimations become more accurate.
Similarly, machine learning aids in the refinement of projections. Through the use of sophisticated models, ML is able to project expenses in many scenarios. It takes into account a wide range of factors that could affect project costs. For example, the analysis automatically incorporates changes in labor rates or material costs. Because of their flexibility, estimates are guaranteed to stay accurate and relevant even when project conditions alter. Furthermore, the estimations take a lot less time because of AI and ML, which speed up the planning stage and enable more responsive reactions to market changes. Thus, the integration of advanced technologies such as AI and ML is expected to fuel the growth of the cost-estimating software market during the forecast period.
Cost-Estimating Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the cost-estimating software market analysis are deployment and industry vertical.
- By deployment, the market is bifurcated into cloud and on premise. The cloud segment dominated the market in 2023.
- Based on industry vertical, the market is segmented into construction industry, oil and gas industry, mining industry, energy industry, and others. The construction industry segment dominated the market in 2023.
Cost-Estimating Software Market Share Analysis by Geography
- The cost-estimating software market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2023, followed by Europe and APAC.
- The North America cost-estimating software market is growing significantly due to the increasing investments in the construction industry. The US has taken the lead in the North America market, with Canada and Mexico closely trailing in terms of market share. Moreover, various companies are offering cost-estimating software in North America. For instance, RSMeans Data Online is regarded as the top construction-estimating software in North America. It is a common option for companies needing collaborative access and comes in three levels tailored to meet construction estimation requirements. The company offers a full database of construction costs in North America, including details on materials, equipment, labor, and productivity.
Cost-Estimating Software Market Report Scope
Cost-Estimating Software Market News and Recent Developments
The cost-estimating 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 cost-estimating software market are listed below:
- Salesforce, the global leader in CRM, announced the expansion of the Centre of Excellence (CoE) in Hyderabad, significantly strengthening the company's presence in India. Salesforce has been investing in India over the last decade. The Hyderabad CoE opened in 2016, firmly establishing India as a leading talent and global innovation hub for the company. Salesforce has over 9,000 employees in India across offices in Bengaluru, Mumbai, Delhi, Hyderabad, Pune, and Jaipur.
(Source: Salesforce, Press Release, March 2023)
- Oracle announced Oracle Construction Intelligence Cloud Service, a new suite of AI and analytics applications for the engineering and construction industries. Construction projects often encounter problems that impact productivity, safety, and profitability. The new suite uses machine learning to continually analyze project data managed in Oracle Construction and Engineering solutions to identify these potential risks and inefficiencies early, helping organizations make better decisions.
(Source: Oracle, Press Release, February 2021)
Cost-Estimating Software Market Report Coverage and Deliverables
The "Cost-Estimating Software Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Cost-estimating software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Cost-estimating software market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Cost-estimating 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 cost-estimating 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
Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period.
The key players operating in the cost-estimating software market include Salesforce Inc, Oracle Corp, Sage Group Plc, Trimble Inc, Procore Technologies Inc, Autodesk Inc, RIB Software, Elecosoft, ConstructConnect, and MTI Systems, Inc.
The cloud segment led the cost-estimating software market with a significant share in 2023.
Integration of augmented reality and virtual reality for cost visualization is expected to drive the growth of the cost-estimating software market in the coming years.
The cost-estimating software market is expected to reach US$ 3.89 Billion by 2031.
The rising use of cost-estimating software in project management and the growing adoption of cloud computing are driving factors in the cost-estimating software market.
The cost-estimating software market was estimated to be valued at US$ 1.85 billion in 2023 and is anticipated to grow at a CAGR of 9.7% over the forecast period.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Cost-Estimating Software Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Software Providers:
4.3.2 System Integrators:
4.3.3 End-Users:
4.3.4 List of Vendors in the Value Chain
5. Cost-Estimating Software Market – Key Market Dynamics
5.1 Cost-Estimating Software Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Use of Cost-Estimating Software in Project Management
5.2.2 Growing Adoption of Cloud Computing
5.3 Market Restraints
5.3.1 Lack of Skilled Professionals
5.4 Market Opportunities
5.4.1 Integration of Artificial Intelligence and Machine Learning
5.4.2 Expansion of Construction Industry
5.5 Market Trends
5.5.1 Integration of Augmented Reality and Virtual Reality for Cost Visualization
5.5.2 Rise in Demand for Blockchain Technology
5.6 Impact of Drivers and Restraints:
6. Cost-Estimating Software Market – Global Market Analysis
6.1 Cost-Estimating Software Market Revenue (US$ Million), 2021–2031
6.2 Cost-Estimating Software Market Forecast Analysis
7. Cost-Estimating Software Market Analysis – by Deployment
7.1 Cloud
7.1.1 Overview
7.1.2 Cloud: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
7.2 On Premises
7.2.1 Overview
7.2.2 On Premises: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
8. Cost-Estimating Software Market Analysis – by Industry Vertical
8.1 Construction Industry
8.1.1 Overview
8.1.2 Construction Industry: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Oil and Gas Industry
8.2.1 Overview
8.2.2 Oil and Gas Industry: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Mining Industry
8.3.1 Overview
8.3.2 Mining Industry: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Energy Industry
8.4.1 Overview
8.4.2 Energy Industry: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9. Cost-Estimating Software Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Cost-Estimating Software Market Overview
9.2.2 North America: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.2.3 North America: Cost-Estimating Software Market Breakdown, by Deployment
9.2.3.1 North America: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Deployment
9.2.4 North America: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.2.4.1 North America: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Industry Vertical
9.2.5 North America: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Country
9.2.5.1 North America: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Country
9.2.5.2 United States: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.2.1 United States: Cost-Estimating Software Market Breakdown, by Deployment
9.2.5.2.2 United States: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.2.5.3 Canada: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.3.1 Canada: Cost-Estimating Software Market Breakdown, by Deployment
9.2.5.3.2 Canada: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.2.5.4 Mexico: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.4.1 Mexico: Cost-Estimating Software Market Breakdown, by Deployment
9.2.5.4.2 Mexico: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.3 Europe
9.3.1 Europe Cost-Estimating Software Market Overview
9.3.2 Europe: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.3.3 Europe: Cost-Estimating Software Market Breakdown, by Deployment
9.3.3.1 Europe: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Deployment
9.3.4 Europe: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.3.4.1 Europe: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Industry Vertical
9.3.5 Europe: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Country
9.3.5.1 Europe: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Country
9.3.5.2 UK: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.2.1 UK: Cost-Estimating Software Market Breakdown, by Deployment
9.3.5.2.2 UK: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.3.5.3 Germany: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.3.1 Germany: Cost-Estimating Software Market Breakdown, by Deployment
9.3.5.3.2 Germany: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.3.5.4 France: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.4.1 France: Cost-Estimating Software Market Breakdown, by Deployment
9.3.5.4.2 France: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.3.5.5 Italy: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.5.1 Italy: Cost-Estimating Software Market Breakdown, by Deployment
9.3.5.5.2 Italy: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.3.5.6 Russia: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.6.1 Russia: Cost-Estimating Software Market Breakdown, by Deployment
9.3.5.6.2 Russia: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.3.5.7 Rest of Europe: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.7.1 Rest of Europe: Cost-Estimating Software Market Breakdown, by Deployment
9.3.5.7.2 Rest of Europe: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.4 Asia Pacific
9.4.1 Asia Pacific Cost-Estimating Software Market Overview
9.4.2 Asia Pacific: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.4.3 Asia Pacific: Cost-Estimating Software Market Breakdown, by Deployment
9.4.3.1 Asia Pacific: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Deployment
9.4.4 Asia Pacific: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.4.4.1 Asia Pacific: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Industry Vertical
9.4.5 Asia Pacific: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Country
9.4.5.1 Asia Pacific: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Country
9.4.5.2 China: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.2.1 China: Cost-Estimating Software Market Breakdown, by Deployment
9.4.5.2.2 China: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.4.5.3 Japan: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.3.1 Japan: Cost-Estimating Software Market Breakdown, by Deployment
9.4.5.3.2 Japan: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.4.5.4 India: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.4.1 India: Cost-Estimating Software Market Breakdown, by Deployment
9.4.5.4.2 India: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.4.5.5 South Korea: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.5.1 South Korea: Cost-Estimating Software Market Breakdown, by Deployment
9.4.5.5.2 South Korea: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.4.5.6 Australia: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.6.1 Australia: Cost-Estimating Software Market Breakdown, by Deployment
9.4.5.6.2 Australia: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.4.5.7 Rest of APAC: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.7.1 Rest of APAC: Cost-Estimating Software Market Breakdown, by Deployment
9.4.5.7.2 Rest of APAC: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.5 Middle East and Africa
9.5.1 Middle East and Africa Cost-Estimating Software Market Overview
9.5.2 Middle East and Africa: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.5.3 Middle East and Africa: Cost-Estimating Software Market Breakdown, by Deployment
9.5.3.1 Middle East and Africa: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Deployment
9.5.4 Middle East and Africa: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.5.4.1 Middle East and Africa: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Industry Vertical
9.5.5 Middle East and Africa: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Country
9.5.5.1 Middle East and Africa: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Country
9.5.5.2 Saudi Arabia: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.2.1 Saudi Arabia: Cost-Estimating Software Market Breakdown, by Deployment
9.5.5.2.2 Saudi Arabia: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.5.5.3 United Arab Emirates: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.3.1 United Arab Emirates: Cost-Estimating Software Market Breakdown, by Deployment
9.5.5.3.2 United Arab Emirates: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.5.5.4 South Africa: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.4.1 South Africa: Cost-Estimating Software Market Breakdown, by Deployment
9.5.5.4.2 South Africa: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.5.5.5 Rest of Middle East and Africa: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.5.1 Rest of Middle East and Africa: Cost-Estimating Software Market Breakdown, by Deployment
9.5.5.5.2 Rest of Middle East and Africa: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.6 South and Central America
9.6.1 South and Central America Cost-Estimating Software Market Overview
9.6.2 South and Central America: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.6.3 South and Central America: Cost-Estimating Software Market Breakdown, by Deployment
9.6.3.1 South and Central America: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Deployment
9.6.4 South and Central America: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.6.4.1 South and Central America: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Industry Vertical
9.6.5 South and Central America: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Country
9.6.5.1 South and Central America: Cost-Estimating Software Market – Revenue and Forecast Analysis – by Country
9.6.5.2 Brazil: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.2.1 Brazil: Cost-Estimating Software Market Breakdown, by Deployment
9.6.5.2.2 Brazil: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.6.5.3 Argentina: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.3.1 Argentina: Cost-Estimating Software Market Breakdown, by Deployment
9.6.5.3.2 Argentina: Cost-Estimating Software Market Breakdown, by Industry Vertical
9.6.5.4 Rest of South and Central America: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.4.1 Rest of South and Central America: Cost-Estimating Software Market Breakdown, by Deployment
9.6.5.4.2 Rest of South and Central America: Cost-Estimating Software Market Breakdown, by Industry Vertical
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Collaboration, Merger and Acquisition
11.4 Product News & Company News
12. Company Profiles
12.1 Salesforce Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Oracle Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Sage Group Plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Trimble Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Procore Technologies Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Autodesk Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 RIB Software
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Elecosoft
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 ConstructConnect
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 MTI Systems, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Word Index
13.2 About The Insight Partners
List of Tables
Table 1. Cost-Estimating Software Market Segmentation
Table 2. List of Vendors
Table 3. Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million) – by Deployment
Table 5. Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 6. North America: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 7. North America: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 8. North America: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 9. United States: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 10. United States: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 11. Canada: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 12. Canada: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 13. Mexico: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 14. Mexico: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 15. Europe: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 16. Europe: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 17. Europe: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 18. UK: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 19. UK: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 20. Germany: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 21. Germany: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 22. France: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 23. France: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 24. Italy: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 25. Italy: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 26. Russia: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 27. Russia: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 28. Rest of Europe: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 29. Rest of Europe: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 30. Asia Pacific: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 31. Asia Pacific: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 32. Asia Pacific: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 33. China: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 34. China: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 35. Japan: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 36. Japan: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 37. India: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 38. India: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 39. South Korea: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 40. South Korea: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 41. Australia: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 42. Australia: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 43. Rest of APAC: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 44. Rest of APAC: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 45. Middle East and Africa: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 46. Middle East and Africa: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 47. Middle East and Africa: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 48. Saudi Arabia: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 49. Saudi Arabia: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 50. United Arab Emirates: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 51. United Arab Emirates: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 52. South Africa: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 53. South Africa: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 54. Rest of Middle East and Africa: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 55. Rest of Middle East and Africa: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 56. South and Central America: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 57. South and Central America: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 58. South and Central America: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 59. Brazil: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 60. Brazil: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 61. Argentina: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 62. Argentina: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 63. Rest of South and Central America: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million) – by Deployment
Table 64. Rest of South and Central America: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 65. Company Positioning & Concentration
Table 66. List of Abbreviation
List of Figures
Figure 1. Cost-Estimating Software Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Cost-Estimating Software Market Revenue (US$ Million), 2021–2031
Figure 5. Cost-Estimating Software Market Share (%) – by Deployment (2023 and 2031)
Figure 6. Cloud: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. On Premises: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Cost-Estimating Software Market Share (%) – by Industry Vertical (2023 and 2031)
Figure 9. Construction Industry: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Oil and Gas Industry: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Mining Industry: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Energy Industry: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Others: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Cost-Estimating Software Market Breakdown by Region, 2023 and 2031 (%)
Figure 15. North America: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 16. North America: Cost-Estimating Software Market Breakdown, by Deployment (2023 and 2031)
Figure 17. North America: Cost-Estimating Software Market Breakdown, by Industry Vertical (2023 and 2031)
Figure 18. North America: Cost-Estimating Software Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 19. United States: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 20. Canada: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 21. Mexico: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 22. Europe: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 23. Europe: Cost-Estimating Software Market Breakdown, by Deployment (2023 and 2031)
Figure 24. Europe: Cost-Estimating Software Market Breakdown, by Industry Vertical (2023 and 2031)
Figure 25. Europe: Cost-Estimating Software Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 26. UK: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Germany: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. France: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. Italy: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. Russia: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. Rest of Europe: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Asia Pacific: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Asia Pacific: Cost-Estimating Software Market Breakdown, by Deployment (2023 and 2031)
Figure 34. Asia Pacific: Cost-Estimating Software Market Breakdown, by Industry Vertical (2023 and 2031)
Figure 35. Asia Pacific: Cost-Estimating Software Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 36. China: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 37. Japan: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 38. India: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 39. South Korea: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. Australia: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. Rest of APAC: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 42. Middle East and Africa: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. Middle East and Africa: Cost-Estimating Software Market Breakdown, by Deployment (2023 and 2031)
Figure 44. Middle East and Africa: Cost-Estimating Software Market Breakdown, by Industry Vertical (2023 and 2031)
Figure 45. Middle East and Africa: Cost-Estimating Software Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 46. Saudi Arabia: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 47. United Arab Emirates: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 48. South Africa: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 49. Rest of Middle East and Africa: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 50. South and Central America: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 51. South and Central America: Cost-Estimating Software Market Breakdown, by Deployment (2023 and 2031)
Figure 52. South and Central America: Cost-Estimating Software Market Breakdown, by Industry Vertical (2023 and 2031)
Figure 53. South and Central America: Cost-Estimating Software Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 54. Brazil: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 55. Argentina: Cost-Estimating Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 56. Rest of South and Central America: Cost-Estimating Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 57. Heat Map Analysis by Key Players
The List of Companies - Cost-Estimating Software Market
- Salesforce Inc
- Oracle Corp
- Sage Group Plc
- Trimble Inc
- Procore Technologies Inc
- Autodesk Inc
- RIB Software
- Elecosoft
- ConstructConnect
- MTI Systems, 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.
Get Free Sample For