Construction Management Software Market – Global Industry Forecast 2025
Posted by Simone on April 8th, 2021
The global construction management software market size is anticipated to grow significantly by registering a revenue of xx.xx Million by the end of 2025, growing at a positive CAGR of x.x% during the forecast period of 2018-2025.
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It is identified that growing requirement for large-scale project management is driving the market growth. Construction management software provides abundant benefits such as projecting profitability, process management and automation. For example, with help of construction management software, the revenue possibilities increase rapidly by calculating running reports and conversion ratios, thus lessening the overall operating time.
“Organizations are focusing on cultivating and managing the resources necessary for efficient product outputs, which increases the requirement for large-scale construction project management solutions. The primary purpose of construction management software is to automate processes to ensure maximum outputs are achieved by managing resources and maintaining a regular follow-up,” says a senior research analyst at renowned research institute.
The main factor driving the global construction management software market is the growing requirements for large-scale project management. Currently, organizations are emphasizing on managing and cultivating the resources essential for efficient product outputs, which surges the requirements for large-scale construction management solutions. The arrival automation trend in processes will ensure most outputs by handling resources and keeping a regular follow-up is the main purpose of the global construction management software.
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Geographically, the region where global construction management software is dominant, is Asia-Pacific. In that region, China, India and Southeast Asian regions are fastest growing regions. The US construction management software market, especially North America is expected to play vital role which cannot be ignored. Any development or alteration in the United States will entirely affect the development trend of Construction Management Software Market.
The application of construction project management software is mainly at four places: Independent Construction Managers, General Contractors, Sub-Contractors and Building Owners. Building Owners and General Contractors are the most application which takes up about more than half share of the global total in year 2016. Based on platform types, construction management software can be classified into three types: installed-mobile, installed-PC and cloud (web, SaaS) based. The installed-PC is widely used platform. Cloud (web, SaaS) and installed-mobile based type is rising faster.
Market players are striving to integrate construction management software, with other types of accounting and estimation software for handling the construction business. The software players are helping the integration by taking help of professional software teams that consists of experts. The motive behind this type of integration is to enhance sub-contractors productivity and escalate profits. Some of the major key suppliers of global construction management software are e-Builder, Oracle, Procore, Sage, GLODON, Aconex Ltd, Buildertrend, Odoo S.A, Microsoft, and Jiansoft.
“The integrated construction management software allows players to purchase orders, change orders, as well as pull and populate employees. It can handle material costs, cost codes, and contacts. This integrated software significantly enhances the communication between the accounting staff and employees who are in the field,” says a senior analyst at renowned research institution.
Key segments of ‘Global Construction Management Software Market’
Based on end-user, the market has been segmented into,
Builders and contractors
Engineers and architects
Based on applications, the market has been segmented into,
Independent construction managers
Based on end-user, the market has been segmented into,
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
What to expect from the upcoming report on ‘Global Construction Management Software Market’:
- Future prospects and current trends of the global construction management software market by the end of forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing economies
- Supportive initiatives by government likely to influence the market dynamics
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
- In-depth analysis of different market segmentations including regional segmentations, and product types
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market
Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a Market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable Market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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About the AuthorSimone
Joined: March 22nd, 2021
Articles Posted: 76
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