The Construction Management Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Construction Management Software Global Market Report 2024, The construction management software market size is expected to see strong growth in the next few years. It will grow to $15.17 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to regulatory compliance tools, predictive maintenance for equipment, enhanced collaboration platforms, demand for modular construction software, cybersecurity advancements. Major trends in the forecast period include enhanced user experience, artificial intelligence (AI) for project insights, real-time collaboration platforms, sustainable construction features, mobile-first solutions.
The growing demand for digitalization in the construction industry is expected to propel the growth of the construction management software market in the coming years. Digitalization in the construction industry refers to the widespread adoption and integration of digital technologies and processes throughout the entire construction lifecycle. Digitalization plays a crucial role in construction management software by embracing digital tools and processes, construction companies can achieve significant improvements in efficiency, cost control, risk management, quality, and safety, ultimately leading to more successful project outcomes. For instance, in July 2023, according to the Royal Institution of Chartered Surveyors (RICS), a UK-based professional organization, around 40% of respondents increased the use of digital technologies for key project aspects, compared to 37% in Q4 2021. Therefore, the growing demand for digitalization in the construction industry is driving the growth of the construction management software market.
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The construction management software market covered in this report is segmented –1) By Component: Solution, Services
2) By Deployment Mode: On-Premise, Cloud
3) By Building Type: Commercial Buildings, Residential Buildings
4) By Application: Project Management And Scheduling, Safety And Reporting, Project Design, Field Service Management, Cost Accounting, Other Applications
5) By End-User: Architects And Designers, Construction Managers, Other End Users
Major companies operating in the construction management software market are focusing on the integration of advanced technologies, such as building information modeling (BIM), to gain a competitive advantage. Building information modeling (BIM) software in construction refers to digital tools for creating, managing, and collaborating on 3D models that incorporate building information throughout the project lifecycle. For instance, in July 2023, Cemex, a Mexico-based building materials company, introduced a dedicated plug-in for building information modeling (BIM) REVIT software, enhancing the design and management of construction projects. This tool facilitates architects and engineers in selecting optimal Cemex products, emphasizing innovation and sustainability. It is tailored for professionals in residential, commercial, industrial, or infrastructure projects. Cemex’s BIM software enables concrete product searches by properties, comparisons based on essential characteristics, and identification of embodied carbon values. Users can access detailed information on materials, including physical and mechanical performance, with a focus on recommending sustainable solutions from Cemex’s Vertua range.
The construction management software market report table of contents includes:
1. Executive Summary
2. Construction Management Software Market Characteristics
3. Construction Management Software Market Trends And Strategies
4. Construction Management Software Market – Macro Economic Scenario
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32. Global Construction Management Software Market Competitive Benchmarking
33. Global Construction Management Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Construction Management Software Market
35. Construction Management Software Market Future Outlook and Potential Analysis
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