Construction management

Global Construction Management Software Market 2020-2024 | Growing Need For Large-Scale Project Management To Drive Market Growth | Technavio

LONDON–(COMMERCIAL THREAD) – The construction management software market is expected to grow by USD 724.88 million during the period 2020-2024, according to the latest market research report from Technavio. Request a free sample report

There is an increase in demand for large-scale project management and large-scale construction project management solutions. This encourages organizations to increasingly embrace construction management software as it helps maintain regular tracking and manage resources by automating the process. This automation of operations not only increases productivity by minimizing response time, but also increases connectivity so that organizations can handle project-related requests easily and efficiently. Thus, the increasing requirement of large-scale project management is expected to drive the market growth during the forecast period.

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According to Technavio, the application of lean management in construction management will have a positive impact on the market and contribute significantly to its growth during the forecast period. This research report also analyzes other important trends and market drivers that will influence the growth of the market during the period 2020-2024.

Construction Management Software Market: Application of Lean Management to Construction Management

The adoption of the lean management concept aims to minimize waste and efficient use of resources to provide the most productive production possible. The adoption of Lean Management by builders, contractors and architects is expected to increase the functionality of construction management software and minimize waste at different stages of projects. Lean management techniques work as an internal program to reduce waste on the construction site, in project management processes and in the IT project portfolio.

“Other factors such as the growing popularity of cloud-based construction management software and the integration of estimating and accounting software with construction management software will have a significant impact on value growth. of the construction management software market during the forecast period. says a senior analyst at Technavio.

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Construction Management Software Market: Segmentation Analysis

This market research report segments the construction management software market by deployment (on-premise and in the cloud), by end user (builders and contractors; construction managers; engineers and architects) and by geography (North America, APAC, Europe, South America and MEA).

The North American region dominated the construction management software market in 2019, followed by Europe, APAC, South America and MEA. During the forecast period, the North America region is expected to register the highest incremental growth due to the presence of advanced economies such as the United States which have a high rate of infrastructure development.

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Some of the main topics covered in the report include:

Deployment segmentation

End user segmentation

  • Builders and contractors

  • Construction managers

  • Engineers and Architects

Geographic segmentation

  • North America

  • APAC

  • Europe

  • South America

  • AEM

Market factors

Market challenges

Market trends

Supplier landscape

  • Covered suppliers

  • Supplier ranking

  • Positioning of sellers in the market

  • Competitive scenario

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