Global Construction Management Software Market: Increasing Demand From Utilities Sector To Drive Growth

MarketResearchReports.biz has added a new report, titled ‘Global Construction Management Software Market 2016-2020,’ to its offering. This report helps readers identify the key trends in the construction management software market and also provides predictions regarding the development of the market in the coming four years. The study presents up-to-date information to suppliers, industry consultants, distributors, and manufacturers in order to help them identify top market-centric strategies for better penetration into this market.

The first section of the report presents an introduction to the market for construction management software. The global construction management software market is anticipated to rise at a healthy 14.96% CAGR from 2016 to 2020. This section also encapsulates the prime market highlights and provides details on the top technological advancements taking place in the construction industry. Construction management software is utilized for the management, collaboration, and planning of construction projects and aids contractors in making budget estimations and gauging the amount of labor required for a particular project.

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As stated in the report, the complicated construction projects in the oil and gas industry are also raising the demand for construction and management software. This software provides assistance in the maintenance of oil and gas plants, gas field expansions, and deepwater developments in the oil and gas industry.

In the next section of the report, the segmentation of the market has been presented. On the basis of end use, the report segments the global construction management software market into residential and non-residential buildings. Amongst these, the segment of non-residential buildings represented a share of over 60% in the market in 2015.

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On the basis of geography, the report segments the market into Asia Pacific, the Americas, and Europe, the Middle East, and Africa. Of these, EMEA led the market in 2015 with a share of around 45%. The increasing construction activities in nations such as Germany and France will fuel the growth of the construction management software market in EMEA.

Moving further, the key factors impacting the development of the market have been presented in the report. These include the drivers, challenges, and trends in the market. The growing demand for construction management software from the utilities sector is amongst the key factors fuelling the growth of the market. In addition, the development of the construction market will also provide impetus to the growth of the market for construction management software. Furthermore, the increasing utilization of cloud-based construction management software is a key trend seen in the market.

On the other hand, the soaring cost of construction management software and the growing threat from developers making low-cost software are amongst the prime factors inhibiting the growth of the market for construction management software.

The prime players dominant in the market are Newforma, Viewpoint, Procore, ComputerEase, BuilderTREND, ExactLogix, Aconex, and BuilderStorm, among others.

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