Construction management

Construction Management Software Market Size Expected To Grow By USD 630.51 Million | Market Research Insights Highlights Growing Requirements for Large Scale Project Management as a Key Driver

NEW YORK, 22 November 2021 / PRNewswire / – “Construction Management Software Market By Deployment, End User, and Geography – Forecast and Analysis 2021-2025“has been added to Technavio’s offering. The report presents Autodesk Inc., Bentley Systems Inc. and Buildertrend Solutions Inc., among others, as dominant players in the market.

Attractive Opportunities in Construction Management Software Market by Deployment, End User, and Geography – Forecast and Analysis 2021-2025

The market is expected to experience an annual growth rate of 5.14% in 2021 and will grow at a CAGR of 8% during the forecast period. The report segments the market by end-user (builders and contractors, construction managers, engineers and architects), by deployment (in cloud and on-premise), and by geography (North America, Europe, APAC, MEA and South America).

See a FREE sample: to know additional highlights and key points on various market segments and their impact in the years to come.

Supplier Information

  • The global construction management software market is fragmented owing to the presence of several global and regional players.

  • Global players are expected to grow inorganically by acquiring regional or local players.

  • For example, in May 2021, Autodesk Inc. announced the acquisition of Upchain, a provider of cloud-based, instant product lifecycle management (PLM) and product data management (PDM) solutions. That same month, the company also acquired Innovyze, a smart water infrastructure modeling provider.

  • Some suppliers invest heavily in R&D and integrate the latest technologies to remain competitive in the market.

The report analyzes the competitive landscape of the market and offers information about several vendors of the market, including:

  • 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.

Learn more about the growth strategies adopted by vendors and their product offerings. Read a free sample report.

Geographic market analysis

  • The report analyzes the growth of construction management software in APAC, Europe, MEA, North America, and South America.

  • The market will experience maximum growth in North America during the forecast period.

  • North America currently holds 31% of the global market share, which is mainly due to the presence of a large number of leading players in the region.

  • In addition, the growth of online retailing in the United States has created significant opportunities for players operating in the North American market.

  • Countries like the United States, China, Great Britain, Germany, and Canada are expected to become prominent markets for construction management software during the forecast period.

Learn more about the geographic spread of this market along with the detailed analysis of major regions. www.technavio.com/report/construction-management-software-market-industry-analysis

Main market drivers and challenges:

Key factor:

  • The market is driven by the growing demand for large-scale project management.

  • The growing emphasis on cultivating and managing the resources necessary for efficient product releases among end users is creating the need for large-scale construction project management solutions.

  • Construction management software helps end users easily and efficiently process project-related inquiries while reducing response times and increasing productivity.

  • Additionally, construction management solutions reduce the need for paperwork, reducing workload and optimizing project planning and scheduling.

Key challenge:

  • The availability of open source platforms will hamper the growth of market players.

  • The growth of digitization has increased the availability of open source construction management software solutions in the market.

  • Some of the popular open source software solutions in the market already offer various benefits such as the availability of free source codes, faster deployments, reliability and rapid prototyping, reducing the demand for construction management software solutions offered by market players.

See a free sample for highlights on market trends and challenges affecting the construction management software market.

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Construction Management Software Market Value Chain Analysis

It consists of the following basic components:

  • Contributions

  • Inbound logistics

  • Operations

  • External logistics

  • Marketing and sales

  • Service

  • Support activities

  • New arrivals

Associated reports:

Integrated Building Management Systems Market by End User, Component, and Geography – Forecast and Analysis 2021-2025

Computer Aided Design Market by End User and Geography – Forecast and Analysis 2021-2025

Scope of Construction Management Software Market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to an 8% CAGR

Market growth 2021-2025

$ 630.51 million

Market structure

Fragmented

Annual growth (%)

5.14% in 2021

Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

North America at 31%

Main consumer countries

United States, China, United Kingdom, Germany and Canada

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

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.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID 19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us:

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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