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Global Construction Estimating Software Market 2024 - By Size, Industry Analysis, Segmentations, Top Key Players, Trends, Future Development And Outlook 2033

06-11-2024 05:04 AM CET | IT, New Media & Software

Press release from: The Business research company

Global Construction Estimating Software Market

Global Construction Estimating Software Market

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Construction Estimating Software Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.09 billion In 2028 At A CAGR Of 8.9%.

The construction estimating software market size has grown strongly in recent years. It will grow from $1.35 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to shift to digital construction processes, cost overrun mitigation, government investments in infrastructure, global construction industry growth, labor and material cost fluctuations, demand for precision in bidding..

The construction estimating software market size is expected to see strong growth in the next few years. It will grow to $2.09 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to rise in design-build contracts, government initiatives for smart cities, data security measures, mobile estimating applications, integration with project management software.. Major trends in the forecast period include cloud-based construction estimating solutions, customization and scalability, ai-based predictive analytics for cost trends, collaborative estimation platforms, integration with cost databases..

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Construction Estimating Software Market Major Segments
The construction estimating software market covered in this report is segmented -

1) By Product: Construction Accounting, Construction Management, Construction Suites, Project Management
2) By Software License: Perpetual License, Subscription License, Other Software Licences
3) By Deployment: Cloud, On-Premise
4) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
5) By End-Use: Architects And Builders, Construction Managers, Contractors, Other End-Users

Key Driver - Rising Construction Activity Fuels Growth In The Construction Estimating Software Market

The increasing construction activity is expected to propel the growth of the construction estimating software market going forward. Construction refers to the creation, rebuilding, deconstruction, maintenance, or restoration of buildings, structures, or other civil engineering or architectural work and involves site preparation, excavation, drilling, seismic study, product and material supply, and equipment and machinery supply. The increased construction activity boosts the expansion of the construction estimating software market as construction estimating software offers fast, illustrated, and precise results and data solutions to their clients and also provides cost savings, better planning, faster results, and customer satisfaction. For instance, in April 2023, according to the United States Census Bureau, a US-based primary agency of the Federal Statistics System, construction spending was estimated to be $1,844.1 billion in February 2023, up from $1,753.1 billion in February 2022. Additionally, construction spending in the first two months of 2023 was $260.8 billion, which increased from $246.1 billion in the same period in 2022. Therefore, the increase in construction activity is driving the growth of the construction estimating software market.

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Prominent Trend - Construction Estimating Software Market Fueled By Innovative Solutions

Product innovations are a key trend gaining popularity in the construction estimating software market. Major companies operating in the construction estimating software market are focused on developing innovative products to strengthen their position in the market. For instance, in March 2021, Trimble Inc., a US-based company that plans, creates, and manages real-time networks that consistently produce accurate and trustworthy data, launched Trimble Quest, a cloud-based software-as-a-service (SaaS) for estimating and budgeting for experts in civil construction. This software is intended for civil engineering contractors that require precise estimated costs to efficiently quote and handle finances for civil construction projects. The unique characteristics of Trimble Quest include its team collaboration to accelerate the preconstruction and bidding procedures by building a price database that can be utilized on multiple projects and used to rapidly and correctly produce bids, increased efficiency, and budget management and forecasting.

Construction Estimating Software Market Players
Major companies operating in the construction estimating software market report are Autodesk Inc., Bluebeam Inc., Corecon Technologies Inc., Glodon Company Limited, Microsoft Corporation, RIB Software SE, Sage Group PLC, Trimble Inc., AppliCAD PCL, PrioSoft, Buildsoft Pty Ltd., Heavy Construction Systems Specialists Inc., PlanSwift Software LLC, Oracle Corporation, Advanced Electrical Technologies Inc., QuoteSoft Inc., ProEst, Procore Technologies, STACK Construction Technologies, AccuLynx, HCSS, Clear Estimates, RSMeans data, Sigma Estimates, B2W Software, InEight, RedTeam Software, CostX, Esticom, Estimator360 Inc., WinEstimator Inc., Foundation Software, FastEST Inc., eTakeoff LLC, McCormick Systems, ConstructConnect, On Center Software, UDA Technologies, BidScreen XL, Causeway Technologies .

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/construction-estimating-software-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the construction estimating software market in 2023. The regions covered in the construction estimating software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Construction Estimating Software Market Report Structure
3. Construction Estimating Software Market Trends And Strategies
4. Construction Estimating Software Market - Macro Economic Scenario
5. Construction Estimating Software Market Size And Growth
…..
27. Construction Estimating Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
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Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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