Overview and Scope
Construction management software is a type of project management software designed to streamline and enhance the management and execution of construction projects. It is used to provide a centralized platform for project managers, contractors, architects, engineers, and other stakeholders to collaborate, plan, monitor, and control various aspects of a construction project.
Sizing and Forecast
The construction management software market size has grown rapidly in recent years. It will grow from $9.51 billion in 2023 to $10.56 billion in 2024 at a compound annual growth rate (CAGR) of 11.%. The growth in the historic period can be attributed to rise of mobile technology, shift to cloud computing, regulatory compliance requirements, focus on project cost management, demand for real-time communication.
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Segmentation & Regional Insights
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
North America was the largest region in the construction management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the construction management software market report are Oracle Corporation, SAP SE, Kiewit Corporation, Hilti Corporation, Roper Technologies Inc., Trimble Inc., Autodesk Construction Cloud (ACC), Nemetschek SE, Procore Technologies Inc., Hyland Software Inc., Odoo SA, Viewpoint, Constellation Homebuilder Systems, CMiC, Aconex, Chetu Inc., Systemates Inc., Buildertrend Solutions Inc., Prolog, Bluebeam Revu, Computer Methods International Corp., Jonas Enterprise Construction Software, Penta Technologies Inc., Cosential, Constructware
The construction management software market report table of contents includes:
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List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Construction Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Construction Management Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Construction Management Software Market, Segmentation By Building Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 76: Oracle Corporation Financial Performance
Table 77: SAP SE Financial Performance
Table 78: Kiewit Corporation Financial Performance
Table 79: Hilti Corporation Financial Performance
Table 80: Roper Technologies Inc. Financial Performance
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