Construction Management Software Market – Actionable Research on COVID-19 | Large-Scale Process Management Solutions Needed To Drive Market Growth | Technavio

LONDON–(COMMERCIAL THREAD) – The global construction management software market size is expected to grow by USD 508.33 million during the period 2020-2024, growing at a CAGR of nearly 7% throughout the forecast period, according to the latest Technavio report. The report offers up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a free sample of REPORT with COVID-19 Crisis and Recovery Analysis.

The construction sector has experienced significant growth in recent years. Moreover, the growing investment by governments of countries like India, Saudi Arabia and Qatar in the development of smart cities will also influence the construction industry. Due to these factors, there is a growing need for large-scale process management solutions as organizations primarily focus on cultivating and managing resources for effective product releases. This will eventually fuel the demand for construction management software as it will help maximize efficiency by automating processes.

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Highlights of the report:

• The major growth in the construction management software market has come from the cloud-based solutions segment. With the emergence of startups and SMEs, the profitability of software solutions is becoming increasingly important. This leads to the preference for cloud-based solutions.

• The increasing investments in construction of infrastructure projects or infrastructure development by the governments of various countries in Europe will drive the growth of the construction management software market in the region. The presence and penetration of key vendors such as The Sage Group and UK state-of-the-art technology infrastructure will also drive market growth in this region.

• The global construction management software market is fragmented. Major participating markets include Autodesk Inc., Bentley Systems Inc., Buildertrend Solutions Inc., Computer Methods International Corp., ConstructConnect Inc., Odoo SA, Oracle Corp., Procore Technologies Inc., Sage Group Plc, and Trimble Inc. To help clients improve their market position, this Construction Management Software Market forecast report provides a detailed analysis of the market leaders.

• As the business impact of COVID-19 spreads, the Global Construction Management Software Market 2020-2024 should have Positive and Superior. As the pandemic spreads to some regions and reaches plateaus in other regions, we are reassessing the impact on businesses and updating our reporting forecast.

Read the full report here: https://www.technavio.com/report/report/construction-management-software-market-industry-analysis

Using lean management to improve productivity will be a key market trend

The need to improve productivity will result in the adoption of lean management in the construction management software market. In addition to improving productivity, lean management techniques also help reduce waste in construction site, IT portfolio, and project management processes. Integrated with lean management processes, construction management software can provide additional functionality to successfully manage product portfolios. Such benefits will lead to increased adoption of lean management in construction management, which in turn will affect the market landscape. Such factors will positively impact the growth of the construction management software market.

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Construction Management Software Market 2020-2024: Highlights

• Market CAGR during the forecast period 2020-2024

• Detailed information on factors that will help the construction management software market growth over the next five years

• Estimation of the Construction Management Software market size and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the construction management software market

• Market competitive landscape analysis and detailed supplier information

• Complete details on factors that will challenge the growth of Construction Management Software Market vendors

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• Preface

• Currency conversion rates for US $

PART 03: MARKET LANDSCAPE

• Market ecosystem

• Market characteristics

• Market segmentation analysis

PART 04: MARKET CALIBRATION

• Market definition

• Sizing of the 2019 market

• Market Size and Forecast 2019-2024

PART 05: FIVE STRENGTH ANALYSIS

• The bargaining power of buyers

• Bargaining power of suppliers

• The threat of new participants

• The threat of substitutes

• Threat of rivalry

• State of the market

PART 06: MARKET SEGMENTATION BY DEPLOYMENT

• Market segmentation by deployment

• Comparison by deployment

• Cloud Based – Market Size and Forecast 2019-2024

• On-Premises – Market Size and Forecast 2019-2024

• Market opportunity by deployment

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END USER

• Market segmentation by end user

• Comparison by end user

• Builders and Contractors Market Size and Forecast 2019-2024

• Construction Managers – Market Size and Forecast 2019-2024

• Engineers and Architects – Market Size and Forecast 2019-2024

• Market opportunity by end user

PART 09: GEOGRAPHICAL LANDSCAPE

• Geographic segmentation

• Geographic comparison

• North America Market Size and Forecast 2019-2024

• Europe – Market Size and Forecast 2019-2024

• APAC Market Size and Forecast 2019-2024

• South America Market Size and Forecast 2019-2024

• MEA – Market Size and Forecast 2019-2024

• Main leading countries

• Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

• Market factors

• Market challenges

PART 12: MARKET TRENDS

• Integration of construction management software, estimation software and accounting software

• Rising popularity of cloud-based construction management software

• Application of lean management to construction management

PART 13: SELLERS LANDSCAPE

• Overview

• Landscape disturbance

• Competitive scenario

PART 14: SUPPLIER ANALYSIS

• Covered suppliers

• Supplier ranking

• Positioning of sellers in the market

• Autodesk Inc.

• Bentley Systems Inc.

• Buildertrend Solutions, Inc.

• Computer Methods International Corp.

• ConstructConnect Inc.

• Odoo SA

• Oracle Corp.

• Procore Technologies Inc.

• Sage Plc Group

• Trimble Inc.

PART 15: ANNEX

• Research methodology

• Abreviations list

• Definition of the market positioning of sellers

PART 16: EXPLORE TECHNAVIO

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