2025 Bid Management Software Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Bid Management Software Market Size By 2025?
The market size of bid management software has witnessed a swift increase in recent years. Its growth is projected to surge from $1.03 billion in 2024 to $1.13 billion in 2025, implying a compound annual growth rate (CAGR) of 10.1%. This growth during the historical period can be ascribed to factors like the rising adoption of digital tools, expansion of e-procurement platforms, the globalization of supply chains, and a shift towards cloud-based solutions.

How Big Is the Bid Management Software Market Size Expected to Grow by 2029?
The market size for bid management software is projected to witness robust expansion in the proceeding years, reaching up to $1.65 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 9.9%. The upcoming growth in the forecast period can be credited to factors such as heightened focus on digital transformation, the proliferating adoption of AI and automation, augmented concentration on data analytics, and the escalating necessity for tools that enable collaboration. Notable trends throughout this forecast period consist of the augmented integration of AI and machine learning, amplified focus on cybersecurity, the proliferation of mobile capabilities, and the surge in industry-specific solutions.

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Which Key Market Drivers Powering Bid Management Software Market Expansion and Growth?
The bid management software market is set to expand due to the increasing interest in cloud-based technologies. Cloud services, which encompass a variety of computing resources and applications available over the internet on a pay-as-you-go basis, are becoming more prevalent because of their ability to foster remote work, facilitate digital evolution, and meet the scalability and agility requirements of modern enterprises. Cloud-based technologies incorporated in bid management software promote real-time collaboration, data access, and streamlined procedures involving multiple stakeholders from anywhere. For example, Eurostat, a Luxembourg-based intergovernmental organization, reported in December 2023 that 45.2% of businesses in the European Union availed cloud computing services, mainly for hosting email systems, storing electronic documents, and executing various functions. This represented a 4% rise in cloud computing service purchases among EU businesses in 2023 compared to 2021. Large businesses showed a substantial adoption rate, with 77.6% procuring these services in 2023, marking a 6% rise from 2021. So, the increasing popularity of cloud-based technologies is fueling the expansion of the bid management software market.

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Which Fast-Growing Trends Are Poised to Disrupt the Bid Management Software Market?
Key players in the bid management software market are shifting their focus towards the creation of novel software solutions, like competitive bidding software, in order to strengthen their market position. Competitive bidding software is an application that simplifies and oversees the competitive bidding process where various vendors or contractors propose bids to secure contracts for projects, goods, or services. A recent example of this is from May 2024, when Wolters Kluwer N.V., a company providing information services based in the Netherlands, introduced Legal Collaborator, a new competitive bidding software. This software is designed to enhance the engagement between corporate legal departments and law firms by giving a standardized and transparent bidding procedure. It incorporates pre-set templates for users to gather and scrutinize key information, including conflict waivers, strategies, staffing, and pricing formats. Such a method reduces the subjectivity often seen in law firm selection due to personal connections.

What Are the Emerging Segments in the Bid Management Software Market?
The bid management softwaremarket covered in this report is segmented -

1) By Type: Cloud Based, Web Based
2) By Company Size: Small And Medium Enterprises (SMEs), Large Enterprises
3) By Application: Construction Company, General Contractors, Construction Managers, Other Applications

Subsegments:
1) By Cloud-Based Bid Management Software: Public Cloud, Private Cloud, Hybrid Cloud
2) By Web-Based Bid Management Software: SaaS (Software as a Service), Browser-Based Platforms, Custom Web Solutions

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Who Are the Global Leaders in the Bid Management Software Market?
Major companies operating in the bid management software market are BidExpress, Procore, ConstructConnect, Buildertrend, iSqFt, EasyBid, BuildingConnected, Projectmates, BidClerk, EstimateOne, PlanHub, Bidnet Direct, ConstructBuy, Corecon, Pantera Tools, Bid Planroom, eBid Systems, ProcureWare, SmartBid, Textura, VORTAL, Pipeline Suite

Which are the Top Profitable Regional Markets for the Bid Management Software Industry?
North America was the largest region in the bid management software market in 2024. The regions covered in the bid management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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