Construction Software

Construction Software Market by Software Type (Bid & Contract Management, Construction Estimation, Cost Accounting), Deployment (On-Cloud, On-Premise), End-User - Global Forecast 2024-2030

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[190 Pages Report] The Construction Software Market size was estimated at USD 2.73 billion in 2023 and expected to reach USD 2.98 billion in 2024, at a CAGR 10.40% to reach USD 5.46 billion by 2030.

Construction Software Market
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Construction software plays a significant role in handling and managing complicated procedures in the construction sector. Construction software advances the industry by facilitating simpler process management, quicker project completion, and a larger return on investment for the business. The elevating number of commercial and residential projects worldwide is expanding the need for construction software requirements. However, constant training and subject experts may reduce the use of construction software solutions. Nevertheless, the integration of emerging advanced technologies and the surging need for real-time communication creates enormous future construction software opportunities.

Construction Software Market - Global Forecast 2024-2030
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Regional Insights

Advancements in the 5G infrastructure and integration of innovative technologies, such as AI and VR, in American and European countries create lucrative opportunities for the market. According to the Associated General Contractors of America (AGC), the construction software sector employs more than 7 million people across more than 733,000 businesses, creating nearly USD 1,4 trillion of structures annually. The construction software market is also expected to witness tremendous growth in Asia-Pacific due to advancing construction activities and the adoption of advanced technologies in building development. Moreover, several prominent market players, such as Procore Technologies, Inc. and Assignar, have expanded their presence in the European market to bring all construction operations under one view, making it particularly effective for highly regulated verticals. Vendors also plan to bring improved processes to the construction industry by modifying the existing software tools.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Construction Software Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Construction Software Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
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    Construction software startups are seen as a hot commodity in today's venture capital market, and for good reason. A recent example is the US-based company DIGS, which recently closed an impressive seed investment round of $7 million from a range of investors. The funding from these investors will help DIGS expand their offering of cloud-based construction management software solutions that offer powerful collaboration and productivity features to streamline the construction process. This is a major boost to entrepreneurs in the construction software sector and is proof that there are investments out there for innovative solutions. It will be interesting to monitor how successful this investment proves to be, but it has certainly created positive momentum within this marketplace already. [Published On: 2023-02-02]

  • eTakeoff Announces Partnership with Togal.AI

    Construction software represents a rapidly growing sector. eTakeoff has taken advantage of this trend and announced an exciting partnership with Togal.AI to further enhance its product offerings. With the integration of AI-enhanced solutions, eTakeoff customers will benefit from unprecedented accuracy and speed in analysis, data gathering, and project bidding. This collaboration promises to revolutionize the way construction companies bid on projects around the world by automating certain procedures that were previously time-consuming and tedious. By doing so, contractors can enjoy greater business efficiency without sacrificing quality or their bottom line. It's clear that through this partnership, both organizations are making innovative strides to ensure the customer experience is as smooth as possible for all involved. [Published On: 2023-01-19]

  • Hexagon strengthens its construction software offering for asset owners with the acquisition of Projectmates

    Hexagon recently announced the acquisition of Projectmates, a construction software enterprise and part of ARC Document Solutions’ BlueTeam product portfolio, as it works to bolster its offerings for asset owners in the construction market. Hexagon seeks to provide users with a more complete and cohesive experience that assists them in managing both field operations and project life cycle management processes. Having this powerful combination of technology packaged within one solution will offer asset owners the ability to improve their operational efficiency while also gaining insights into their projects. This demonstrates Hexagon's commitment to innovation and industry leadership across all markets it serves. [Published On: 2023-01-12]

Key Company Profiles

The report delves into recent significant developments in the Construction Software Market, highlighting leading vendors and their innovative profiles. These include ACCA software S.p.A., Adeaca Corp., Algorithms Software Pvt. Ltd., Astral Technologies, Autodesk, Inc., Bentley Systems, Incorporated, BrickControl by Desarrollos Informaticos SHM SL, Buildertrend Solutions, Inc., Buildxact, Clear Estimates, Inc., ClockShark, LLC, Computer Methods International Corp., Constellation Software Inc., Contractor Foreman, ECI Software Solutions, Inc., Epicor Software Corporation, EZOfficeInventory by Ezo, FARO Technologies, Inc., Finalcad SARL, Fresnel Software Corporation, Heavy Construction Systems Specialists LLC, Houzz Inc., Hyphen Solutions, LLC, Intuit Inc., ITAakash Strategic Soft.(P) Ltd., Micromen Software Solutions Pvt. Ltd., MiTek Industries, Inc., Ltd., MYOB Group, Netsense Business Solutions by Censof Holdings Berhad, Newforma, Inc., Nexvia Operations Pty Ltd., Novade Solutions Pte Ltd., Odoo SA, Oracle Corporation, Plexxis Software Inc., Procore Technologies, Inc., Projectmates by Hexagon AB, Raken, Inc., Roper Technologies, Inc., Sage Group PLC, SAP SE, Smartsheet Inc., STACK Construction Technologies, ToolHound Inc., Trimble Inc., UDA Technologies, Inc., V Plan, Vectorworks, Inc. by Nemetschek SE, and Wrike, Inc. by Citrix Systems, Inc..

Market Segmentation & Coverage

This research report categorizes the Construction Software Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Software Type
    • Bid & Contract Management
    • Construction Estimation
    • Cost Accounting
    • Field Service Management
    • Project Design & Modeling
    • Project Management & Scheduling
    • Safety & Reporting
  • Deployment
    • On-Cloud
    • On-Premise
  • End-User
    • Automatic Exposure Control (AEC) Professionals
    • Builders & Contractors
    • Construction Managers
    • Consultants
    • Engineers & Architects

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Construction Software Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Construction Software Market?
  3. What are the technology trends and regulatory frameworks in the Construction Software Market?
  4. What is the market share of the leading vendors in the Construction Software Market?
  5. Which modes and strategic moves are suitable for entering the Construction Software Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Construction Software Market, by Software Type
  7. Construction Software Market, by Deployment
  8. Construction Software Market, by End-User
  9. Americas Construction Software Market
  10. Asia-Pacific Construction Software Market
  11. Europe, Middle East & Africa Construction Software Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 296]
  16. List of Companies Mentioned [Total: 50]
Enhancing Construction Collaboration and Problem-Solving with Scope: Construction Software
June 14, 2023
Enhancing Construction Collaboration and Problem-Solving with Scope: Construction Software
Construction projects are becoming more complex, and construction professionals constantly look for ways to tackle these challenges. One of the key challenges is managing project coordination and communication between stakeholders. Integrating construction software with building information modeling (BIM) is the solution. This combination can provide better collaboration and problem-solving. This blog explores how Construction Software is leading the way in this integration trend.

Construction Software integrates seamlessly with BIM, providing a comprehensive package for construction professionals. This powerful combination enables professionals to produce 3D models, monitor construction progress, manage resources, and create accurate cost estimates. The software allows professionals to collaborate effectively, share real-time data, and solve construction challenges efficiently.

Construction Software provides access to a central project data repository, enabling stakeholders to collaborate transparently and share information effectively. In addition, everyone involved can view the project's progress and make necessary changes in real-time. The software eliminates the need for stakeholders to communicate through traditional channels such as email or phone.

One of the benefits of Scope is that it enables construction professionals to detect design issues early on before construction begins. This software allows stakeholders to easily create, review, and edit plans, identify clashes between different project elements, and make necessary changes. By doing so, professionals can identify problematic areas that may delay construction and take necessary corrective action.

Construction Software can help estimate, which is critical in reducing project cost overruns. Its integrated BIM software provides a comprehensive project view, enabling professionals to understand it better. This software tool allows construction professionals to track materials, manage labor costs, and monitor construction progress. By taking full advantage of this tool, construction professionals can produce more accurate cost estimates, reducing the risk of project cost overruns.

Time is a critical factor when constructing any project. One of the primary benefits of construction Software is that it can help professionals save time by automating mundane tasks, such as scheduling, forecasting, and tracking construction progress. This extension of BIM technology can improve productivity and make processes faster and more efficient. By freeing time, construction professionals can focus more on problem-solving and collaboration, leading to more successful projects.

Integrating construction software with BIM technology is critical to effective collaboration and problem-solving in today's construction industry. Construction Software, in particular, offers a comprehensive solution to project coordination, monitoring, resource management, and cost estimation. By providing access to real-time project data, early detection of design issues, and automating tasks, Scope enables construction professionals to focus on more complex problem-solving and collaboration activities. By incorporating these tools, construction professionals can efficiently complete projects within budget and on time.

Frequently Asked Questions
  1. How big is the Construction Software Market?
    Ans. The Global Construction Software Market size was estimated at USD 2.73 billion in 2023 and expected to reach USD 2.98 billion in 2024.
  2. What is the Construction Software Market growth?
    Ans. The Global Construction Software Market to grow USD 5.46 billion by 2030, at a CAGR of 10.40%
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