Construction Management Software Market - By Product (Cloud, On-Premise and Web-Based), by Application (General Contractors, Building Owners, Independent Construction Managers and Sub-Contractors) - Forecast 2027

ID: VPR/ICT/1001 Publishing Year: September 2021 Pages: 146 Format:   


Construction Management Software Market Overview:

Construction Management Software is a project management platform that aids businesses in a variety of areas, including budgeting, communication, decision-making, and task scheduling, to mention a few. Its purpose is to use automation to make construction business operations much easier.

Construction Management Software Market assists construction companies and organisations with all aspects of construction management, including estimating, job costing, and material take-off, project management, cost control, and risk assessment. Furthermore, Construction Management Software enhances communication between personnel and helps to increase project efficiency by lowering reaction time. In terms of productivity, efficiency, and corporate competitiveness, construction management technologies have made a considerable difference in the construction industry. The features of Construction Management Software often assist builders in automating their work and documentation procedures, which is the software's primary function.

Covid-19 Impact:

The sickness has expanded to practically every country on the planet since the COVID-19 viral outbreak in December 2019, prompting the WHO to declare it a public health emergency. The disease's global effects are already being noticed, and it's predicted to have a substantial impact on the Construction Management Software Market by 2020.

Though governments have instituted lockdowns to prevent the virus from spreading, construction work has been suspended, which could have an immediate impact on the Construction Management Software Market.

The Construction Management Software Market is expected to be impacted by the Corona virus epidemic. However, due to continuing advancements around the world, the Construction Software Market is expected to rise once things get back on track.

Drivers

A growing demand for efficiency and precision in the construction sector, increased acceptance of cloud-deployed construction software, and a continuing number of mergers and acquisitions in the construction and IT industries are all driving the Global Construction Software Market forward.

Opportunities

Integrating Building Information Modeling (BIM) in sustainable architecture and increasing investment in the construction sector are critical prospects for global Construction Software Market Participants.

Restraints

Technical challenges in the construction sector on various dimensions are a significant impediment to the market's future growth.

Segmentation:

The Construction Management Software Market is divided into two categories: deployment type and end-user. The market is divided into two types of deployments: cloud and on-premises. Builders and contractors, building businesses, engineers and architects are the end-user segments of the market.

Key Players:

  • Sage Group PLC
  • Oracle Corporation
  • BuilderTREND
  • Trimble Inc
  • Constellation Software Inc.
  • Comprotex Software Inc.
  • iSqFt (ConstructConnect)
  • Procore Technologies Inc.
  • BuilderMT

Regional Analysis:

The Construction Management Software Market Report covers the United States, Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, Italy, the United Kingdom, France, Spain, the Netherlands, Belgium, Switzerland, Turkey, Russia, and the rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, and Indonesia in Southeast Asia (MEA).

The Construction Management Software Industry will be dominated by North America, with Asia-Pacific predicted to grow at the fastest rate. North America's market position is predicted to be aided by the region's high volume of building projects, whereas Asia-growth Pacific's rate will be aided by the increasing number of construction projects in China and India.

Individual market affecting factors and changes in regulation in the domestic market are also discussed in the nation portion of the research, which have an impact on the market's current and future trends. Downstream and upstream value chain analysis, technological trends and Porter's five forces analysis, and case studies are just a few of the data pieces used to anticipate market scenarios for individual countries. While providing forecast analysis of the nation data, the presence and availability of global brands, as well as the obstacles they face due to significant or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are all taken into account.

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