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Construction Software Market worth $5.46 billion by 2030, growing at a CAGR of 10.40% - Exclusive Report by 360iResearch
Construction Software Market | 360iResearch
The Global Construction Software Market to grow from USD 2.73 billion in 2023 to USD 5.46 billion by 2030, at a CAGR of 10.40%.
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Construction software plays a significant role in handling and managing complicated procedures in the construction sector. Construction software advances the industry by facilitating simpler process management, quicker project completion, and a larger return on investment for the business. The elevating number of commercial and residential projects worldwide is expanding the need for construction software requirements. However, constant training and subject experts may reduce the use of construction software solutions. Nevertheless, the integration of emerging advanced technologies and the surging need for real-time communication creates enormous future construction software opportunities.
Advancements in the 5G infrastructure and integration of innovative technologies, such as AI and VR, in American and European countries create lucrative opportunities for the market. According to the Associated General Contractors of America (AGC), the construction software sector employs more than 7 million people across more than 733,000 businesses, creating nearly USD 1,4 trillion of structures annually. The construction software market is also expected to witness tremendous growth in Asia-Pacific due to advancing construction activities and the adoption of advanced technologies in building development. Moreover, several prominent market players, such as Procore Technologies, Inc. and Assignar, have expanded their presence in the European market to bring all construction operations under one view, making it particularly effective for highly regulated verticals. Vendors also plan to bring improved processes to the construction industry by modifying the existing software tools.
Market Segmentation & Coverage:
This research report categorizes the Construction Software Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Software Type, market is studied across Bid & Contract Management, Construction Estimation, Cost Accounting, Field Service Management, Project Design & Modeling, Project Management & Scheduling, and Safety & Reporting. The Safety & Reporting is projected to witness significant market share during forecast period.
Based on Deployment, market is studied across On-Cloud and On-Premise. The On-Cloud is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Automatic Exposure Control (AEC) Professionals, Builders & Contractors, Construction Managers, Consultants, and Engineers & Architects. The Construction Managers is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Construction Software Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Construction Software Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Construction Software Market, highlighting leading vendors and their innovative profiles. These include ACCA software S.p.A., Adeaca Corp., Algorithms Software Pvt. Ltd., Astral Technologies, Autodesk, Inc., Bentley Systems, Incorporated, BrickControl by Desarrollos Informaticos SHM SL, Buildertrend Solutions, Inc., Buildxact, Clear Estimates, Inc., ClockShark, LLC, Computer Methods International Corp., Constellation Software Inc., Contractor Foreman, ECI Software Solutions, Inc., Epicor Software Corporation, EZOfficeInventory by Ezo, FARO Technologies, Inc., Finalcad SARL, Fresnel Software Corporation, Heavy Construction Systems Specialists LLC, Houzz Inc., Hyphen Solutions, LLC, Intuit Inc., ITAakash Strategic Soft.(P) Ltd., Micromen Software Solutions Pvt. Ltd., MiTek Industries, Inc., monday.com Ltd., MYOB Group, Netsense Business Solutions by Censof Holdings Berhad, Newforma, Inc., Nexvia Operations Pty Ltd., Novade Solutions Pte Ltd., Odoo SA, Oracle Corporation, Plexxis Software Inc., Procore Technologies, Inc., Projectmates by Hexagon AB, Raken, Inc., Roper Technologies, Inc., Sage Group PLC, SAP SE, Smartsheet Inc., STACK Construction Technologies, ToolHound Inc., Trimble Inc., UDA Technologies, Inc., V Plan, Vectorworks, Inc. by Nemetschek SE, and Wrike, Inc. by Citrix Systems, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Construction Software Market, by Software Type
7. Construction Software Market, by Deployment
8. Construction Software Market, by End-User
9. Americas Construction Software Market
10. Asia-Pacific Construction Software Market
11. Europe, Middle East & Africa Construction Software Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Construction Software Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Construction Software Market?
3. What is the competitive strategic window for opportunities in the Construction Software Market?
4. What are the technology trends and regulatory frameworks in the Construction Software Market?
5. What is the market share of the leading vendors in the Construction Software Market?
6. What modes and strategic moves are considered suitable for entering the Construction Software Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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