NEW YORK, Aug. 9, 2022 /PRNewswire/ -- Data Bridge Market research has recently published comprehensive business research on "Global Construction Management Software Market" which includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. Construction Management Software Market research report execution is becoming very vital for businesses to gain success because it offers many benefits including insights into revenue growth and sustainability initiative. The large-scale Construction Management Software Market research report is an absolute overview of the market that takes into account various aspects of product definition, market segmentation based on various parameters, and the established merchant landscape. This industry report also offers businesses the company profile, product specifications, production value, manufacturer's contact information, and market shares for the company. Moreover, the Construction Management Software Market business report blends together all-inclusive industry analysis with particular estimates and forecasts to provide complete research solutions with the greatest clarity for strategic decision-making.
Data Bridge Market Research analyses that the construction management software market is expected to reach the value of USD 7,144.70 million by 2029, at a CAGR of 7.2% during the forecast period. The construction management software market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Construction project management software can be deployed on PC or mobile (iOS or Android) devices and cloud-based software. Some of the benefits of construction management software include real-time communication and collaboration, effective resource planning, optimized budget management, document sharing and control, and others.
The construction sector is behind compared to other industries when it comes to using and adopting new technologies. In earlier years, construction took place with traditional methods and traditional tools and equipment. Thereby risking their lives and heavily impacting the environment. However, as time progressed, society has developed safer and more accurate methods for safe construction. In 1917, Henry Gantt created a scheduling diagram called the gantt chart. At that time, it was a revolutionary tool, and gradually its importance increased in the 1920s. The Hoover Dam project, which started in 1931, was among the gantt chart's first beneficiaries. Moreover, the American association of cost engineers is formed by early project management practitioners and those involved in planning and scheduling, cost and schedule, and cost estimating.
Recent Developments
- In May 2022, Oracle announced the partnership with Deloitte to establish better Oracle applications. This partnership will help the company to develop cloud and application technology to offer better solution portfolio for the customers and improve brand value
- In May 2022, Procore Technologies, Inc. announced the company has been recognised as Top Rated Construction Product by TrsutRadius for technology products. This recognition will help the company to increase its brand value in the market and trust value among the customers which can help to accelerate the sales growth for the company
Global Construction Management Software Market: Competitive Analysis
This report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies. The competitive analysis helps the vendor to define an alignment or fit between their capabilities and opportunities for future growth prospects.
- Oracle,
- Procore Technologies, Inc.,
- Intuit Inc.,
- Trimble Inc.,
- ConstructConnect,
- Sage Group plc,
- Autodesk Inc.,
- Buildertrend,
- Smartsheet Inc.,
- Branch Metrics,
- monday,
- Epicor Software Corporation,
- Jonas Construction Software Inc.,
- Wrike, Inc.,
- Finalcad SARL,
- Constellation HomeBuilder Systems,
- CMiC,
- ITAakash Strategic Soft.(P) Ltd.,
- RIB CCS,
- V Plan,
- CoConstruct,
- UDA Technologies,
- STACK Construction Technologies,
- Systemates, Inc.,
- Tilos Americas,
- INSPECTIVITY PTY LTD.,
- ClockShark, LLC,
- MITEK INC.,
- EZOfficeInventory,
- BENTLEY SYSTEMS,
- INCORPORATED among others.
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Key Drivers/Opportunities
- Digitalization in construction sector
The digitalization impacts a major advantage for construction industry as well as for growing the global economy. This will boost the adoption of software and application for improving the productivity in the construction and thus will directly help to grow the global construction management software market.
- Rise in government support for infrastructure development associations
The government's primary role to develop any nation starts with the development of infrastructure and it has to ensure the cooperation with private sector for efficient building the required infrastructure particularly of energy, roads, telecommunications, water supply, railways, health and many others to bring out the positive growth of economy. Thus, governments across the globe supports the construction industry which will directly supports the growth of the global construction management software market.
- Rise in cloud-based technology adoption in project management software
The cloud-based technology adoption in management software is adding more value to the construction management process because of accessibility and user techniques resulting major benefits for the long term. The long term benefits are being aware to the construction professionals and are willing to adopt the technology. Thus, the cloud-based technology adoption is in a great demand because of rise in the demand for digitalization for construction projects, leading to the growth of global construction management software market.
- Growing importance of lean management to reduce operating cost through adoption of software
The lean construction includes essential features to deliver set of objectives aiming at project efficiency through optimizing the resources which is very easy to implement with the help of design, planning activation and maintenance. The implementation of this process is difficult and complicate to monitor in real and thus technology integration will simplify the lean management in construction management process which directly drives the global construction management software market.
- High requirement of effective tool management
The effective tool management will strive the costing efficiency of the construction project and thus construction companies can upsurge their profit margins along with the rise in the working efficiency. This tools are easily managed through software programs which offers Gantt chart functions to schedule the usage of the tools and equipment and this will directly support the growth of global construction management software market.
Key Coverage in the Construction Management Software Market Report:
- Detailed analysis of Global Construction Management Software Market by a thorough assessment of the technology, product type, application, and other key segments of the report
- Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
- Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
- Comprehensive analysis of the regions of the Construction Management Software industry and their futuristic growth outlook
- Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
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Segmentation: Construction Management Software Market
Offering
- Solution
- Services
Device Type
- Smartphone
- Computer
Pricing Model
- License Based
- Subscription Based
Application
- Pre-construction
- Project Management
- Resource Management
- Financial Management
- Customer Relationship Management Software
- Others
Vertical
- Residential Construction Contractors
- Commercial Construction Contractors
- Landscaping Contractor
- Construction Manager
- Engineer
- Architect
- Others
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Construction Management Software Market Regional Analysis/Insights
The construction management software market is analysed and market size insights and trends are provided by country, offering, device type, pricing model, application and vertical as referenced above.
The countries covered in the construction management software market report are U.S., Canada and Mexico in North America, U.K., Germany, France, Netherlands, Russia, Belgium, Italy, Spain, Switzerland, Turkey and rest of Europe in Europe, China, Japan, South Korea, India, Singapore, Thailand, Malaysia, Indonesia, Philippines and rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Israel, South Africa, Egypt, Saudi Arabia, U.A.E and rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and rest of South America as part of South America.
North America dominates the construction management software market and is likely to be the fastest-growing global construction management software market. The major reason behind this is increase in demand for infrastructure development initiatives from governments especially China. China dominates the electric vehicle and its components production market with half of global EV sales.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments
Some Major Points in TOC:
Chapter 1. Report Overview
Chapter 2. Global Growth Trends
Chapter 3. Market Share by Key Players
Chapter 4. Breakdown Data by Type and Application
Chapter 5. Market by End Users/Application
Chapter 6. Construction Management Software Industry Impact
Chapter 7. Opportunity Analysis in Covid-19 Crisis
Chapter 8. Market Driving Force
And Many More…
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Customization of the Report:
Data Bridge Market Research also provides customization options to tailor the reports as per client requirements. This report can be personalized to cater to your research needs. Feel free to get in touch with our sales team, who will ensure that you get a report as per your needs.
Thanks for reading this article you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.
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Browse Related Reports:-
U.S. Construction Management Software Market, By Deployment (Cloud and On-Premise), Organization Size (Large Enterprises and SMEs), Device Type (Smartphone and Computer), Pricing Model (License Based and Subscription Based), Application (Pre-Construction, Project Management, Financial Management, Resource Management, Customer Relationship Management and Others), Vertical (Residential Construction Contractor, Commercial Construction Contractor, Landscaping Contractors, Construction Managers, Engineers, Architects and Others) https://www.databridgemarketresearch.com/reports/us-construction-management-software-market
North America Construction Management Software Market, By Offering (Solution, Services), Device Type (Smartphone, Computer), Pricing Model (License Based, Subscription Based), Application (Preconstruction, Project Management, Resource Management, Financial Management, Customer Relationship Management Software, Others), Vertical (Residential Construction Contractors, Commercial Construction Contractors, Landscaping Contractor, Construction Manager, Engineer, Architect, Others) https://www.databridgemarketresearch.com/reports/north-america-construction-management-software-market
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