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Construction Software Market Growth Analysis, Trends, Size, Share And Outlook Report 2024 - 2033
Construction Software Market Growth
As per the report, the construction software market size has grown rapidly in recent years. It will grow from $3.61 billion in 2023 to $4.06 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The construction software market size is expected to see rapid growth in the next few years. It will grow to $6.54 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%.
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Rising Construction Activities Fuel Growth In Construction Software Market
The increasing number of construction projects is expected to propel the growth of the construction software market going forward. Construction projects encompass the planning, executing, and managing of building structures or infrastructure developments from conception to completion. The increasing demand for infrastructure development, urbanization, and renovation projects is driving the increase in construction projects globally. Construction firms utilize construction software to streamline project management, enhance communication, improve scheduling, and optimize resource allocation, ultimately increasing efficiency and reducing costs. For instance, in June 2023, according to the quarterly construction inquiry published by the Northern Ireland Statistics and Research Agency, an Ireland-based public authority, from the first quarter of 2022 to the first quarter of 2023, the overall construction industry expanded by 6.5%, with the housing sector of construction increasing by 11.1% and the infrastructure subsector by 3.7%. Therefore, the increasing number of construction projects is driving the growth of the construction software market.
Key Player Solutions Revolutionizing Building Construction Software Market
Major companies operating in the construction software market are focused on developing innovative solutions, such as easy-to-use building construction software, to enhance efficiency and productivity in the construction industry. Easy-to-use building construction software is intuitive interfaces and features for designing, planning, and managing construction projects, streamlining workflows for architects, engineers, and contractors. For instance, in April 2023, Topcon Positioning Systems Inc., a US-based precision positioning technology solution company, launched Digital Layout, an intuitive building construction software designed to help more contractors adopt a digital layout workflow, boosting efficiency, accuracy, and productivity. This software is meticulously designed to provide a distinct advantage in the dynamic field of building construction, serving a wide range of professionals, including general contractors, concrete contractors, MEP contractors, steel erectors, fire suppression companies, and more. It fully supports 2D, 3D, and BIM workflows, operating efficiently on Microsoft Windows and Android systems.
The construction software market covered in this report is segmented -
1) By Type: Project Management, Account Or Financial Management, Quality And Safety, Field Productivity, Other Types
2) By Deployment Mode: Cloud, On-Premise
3) By Organization Size: Large Enterprise, Small And Medium Enterprises
4) By Application: General Contractors, Building Owners, Architects And Engineers, Sub-Contactors, Specialty Contractors
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Major companies operating in the construction software market are Microsoft Corporation, Oracle Corporation, Intuit Inc., Autodesk Inc., Constellation Software Inc., Trimble Inc., Sage Group plc, Bentley Systems Inc., Nemetschek Group, Jonas Construction Software Inc., Procore Technologies Inc., ConstructConnect Inc., Buildertrend Solutions Inc., Computer Methods International Corp. (CMiC), InEight Inc., Heavy Construction Systems Specialists Inc. (HCSS), STACK Construction Technologies Inc., Fieldwire, Bridgit Inc., Plexxis Software Inc., CoConstruct LLC, Corecon Technologies Inc., Esticom Inc.
Contents of the report:
1. Executive Summary
2. Construction Software Market Report Structure
3. Construction Software Market Trends And Strategies
4. Construction Software Market - Macro Economic Scenario
5. Construction Software Market Size And Growth
…..
27. Construction Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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