Construction software connects numerous applications and stages of a project cycle, from pre-sale through building and final invoicing, and helps businesses automate crucial operations including takeoff, estimating, project management, and accounting. These resources can aid businesses in modernizing, expanding, and running more effectively.
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Construction Software Market.docx
1. Construction Software Market: Segmented: By Product (Cloud, On-Premise, Web-Based), By
Application (General Contractors, Building Owners, Independent Construction Managers, Sub-
Contractors), And Region – Global Analysis of Market Size, Share & Trends For 2019–2021 And
Forecasts To 2031
PRODUCT OVERVIEW
Construction software connects numerous applications and stages of a project cycle, from pre-sale
through building and final invoicing, and helps businesses automate crucial operations including
takeoff, estimating, project management, and accounting. These resources can aid businesses in
modernizing, expanding, and running more effectively. Software designed for builders and
contractors can read a blueprint and make these calculations more quickly and accurately.
MARKET HIGHLIGHTS
The global Construction Software Market is expected to project a notable CAGR of 9.2% in 2031.
The construction software market is primarily being driven by factors like the rising need for both
public and private construction projects and the rise in demand for complicated construction
projects. Additionally, it is anticipated that the construction software industry would grow in the
upcoming years due to the increased demand to assess project needs and comprehend the internal
or external components of construction projects.
CONSTRUCTION SOFTWARE MARKET: SEGMENTS
The On-Premise segment is expected to grow with the highest CAGR during 2021-31
Based on Product, the global Construction Software Market is fragmented into Cloud, On-Premise,
and Web-based. The on-premises segment had a larger market share and is anticipated to grow at a
faster CAGR throughout the projected period.
The General Contractors segment is expected to grow with the highest CAGR during 2021-31
MARKET DYNAMICS
DRIVERS
Increasing Government Initiatives and awareness for Cloud-Based Software
During the forecast period of 2022–2030, factors such as cloud-based software, automated
processes, increased product output, and advancements in technology platforms would promote the
growth of the construction software market.
Higher Demand for Efficiency and Accuracy and Number of Investments
RESTRAINT
Growing Number of Technical Issues Faced by the Software Users
Technical issues on various scales in the construction industry are a major barrier to the growth of
the market over the future period.
CONSTRUCTION SOFTWARE MARKET: KEY PLAYERS
Sage Group PLC
Oracle Corporation
2. BuilderTREND
Trimble Inc
Constellation Software Inc.
Comprotex Software Inc.
iSqFt (ConstructConnect)
Procore Technologies Inc.
BuilderMT
Turtle Creek Software
Other Prominent Players
CONSTRUCTION SOFTWARE MARKET REPORT ALSO CONTAINS ANALYSIS ON:
Construction Software Market Segments:
By Product
o Cloud
o On-Premise
o Web-Based
By Application
o General Contractors
o Building Owners
o Independent Construction Managers
o Sub-Contractors
Construction Software Market Dynamics
Construction Software Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both
economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to
dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as
indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with
new service/product launches, partnerships, business expansions, and acquisitions in the past five
years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product
benchmarking, and SWOT analysis for the major market players
3. • The current as well as the future market outlook of the industry with respect to recent
developments which involve growth opportunities and drivers as well as challenges and restraints of
both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces
analysis