NEW YORK, July 3, 2023 /PRNewswire/ — The construction management software market is set to grow by USD 986.36 million from 2022 to 2027, progressing at a CAGR of 10.14% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The reduction in design time is the major factor notably driving the construction management software market growth. The inability to finish projects on time and within the budget is a significant issue faced by the construction industry. The major factor affecting adversely on construction projects are inefficient project planning and scheduling, the lack of contractor experience, improper site management and supervision, and delayed delivery of building materials. However, the implementation of construction management software not only can eliminate all these problems but also save time and improve productivity as it lowers rework and dependence on paperwork and documentation. Also, it automatically updates data and design changes in the project. For instance, prestressed concrete box girder bridges in India were designed using the BENTLEY SYSTEMS LEAP Bridge Enterprise solution. South Kasheli Bridge in Maharashtra is one of the largest projects completed in India using this solution. The adoption of construction management software by end-users can lower design time and save operational costs, which is driving the market during the forecast period. DRIVER EXPLANATION –Here is an Exclusive report about market scenarios with a historical period (2017-2021) and forecast period (2023-2027). Download Sample Report in minutes!

The construction management software market covers the following areas:

The report on the construction management software market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Construction Management Software Market 2023-2027 – Market Dynamics

Significant Trend

Growing advancements in construction management software are the emerging trend driving the construction management software market growth. To manage the entire construction business, vendors are trying to integrate construction management software with all types of estimation and accounting software. However, software vendors are assisting such integration with the aid of professional software teams that have experts. This integration is designed specifically for sub-contractors to improve their productivity and expand profits. The integrated construction management software allows end-users to purchase orders, modify orders, as well as pull and populate employees. It can handle material costs, cost codes, and contacts. This integrated software improves the communication between the accounting staff and the employees of the construction company. Apart from integration, vendors are launching advanced construction management software and this AI-enabled suite of solutions permits teams to control project changes, manage material supplier and subcontractor tasks, improve contacts and cooperation, streamline bidding processes, and enhance document management. Therefore, the launch of new construction management software will drive the market during the forecast period.
 

Major Challenge 

Network and connectivity issues may hinder the construction management software market growth. 

High bandwidth is needed for faster data retrieval when accessing data from SaaS and cloud-based systems. Efficient IT systems that are free of network congestion will be needed in order for terabytes of data to be accessed from cloud-based storage systems. Cloud-based solutions are deployed to gain faster data access and run operations smoothly in enterprises. Moreover, any kind of connectivity issues in the information and communication technology (ICT) infrastructure can reduce business performance, and enterprises may shift to on-premises solutions. Cloud-based solutions involve enterprise data transfer from the enterprise’s local area network (LAN) to a wide area network (WAN) on the cloud. This has led to an upsurge in the need for higher bandwidths. Depending on the location of the data stored and the bandwidth allocated, the time taken to store and retrieve data could vary from seconds to hours. Unlimited bandwidths will expand the costs associated with data transfer. Companies, thus, need to decide on their bandwidth needs after carefully evaluating their data volumes and business needs.

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Construction Management Software Market 2023-2027: Market Segmentation

The construction management software market analysis includes segmentation by end-user (builders and constructors, construction managers, and engineers and architects), deployment (cloud-based and on-premise),  and geography (North America, Europe, APAC, Middle East and Africa, and South America). This study identifies the growing advancement in construction management software and the increasing popularity of cloud-based construction management software as the prime reasons driving the construction management software market growth during the next few years.

  • The market share growth by the builders and constructors segment will be significant during the forecast period. Construction management software standardizes the construction process by allowing simplified and streamlined management of labour, site events, data capture, as well as information and material costs. Contractors will increase the profitability and efficiency of their projects with the deployment of this software. To deliver high-quality work, contractors and sub-contractors require an efficient management solution. A busy contractor can leverage the features of construction management software to improve the project and the overall performance of the team. For instance, Mike Montgomery, a general contractor in Boston, is using the construction project management software provided by Owner InSite. The features of the software are pre-construction and construction planning, budgeting, and permit clearances. The most significant advantage as per the contractor was the quick and professional support offered by Owner Insite. The Sage Group Plc (Sage Group) also provides a fully integrated solution for builders and contractors, namely the Sage 100 Contractor. It manages all the stages of construction and also delivers service management.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report


Companies Mentioned

  • ARES Holding Corp.
  • Autodesk Inc.
  • Bentley Systems Inc.
  • Buildertrend Solutions Inc.
  • Chetu Inc.
  • Computer Methods International Corp.
  • Constellation Software Inc.
  • Hilti Corp.
  • Hyland Software Inc.
  • Kiewit Corp.
  • Nemetschek SE
  • Odoo SA
  • Oracle Corp.
  • Penta Technologies Inc.
  • Procore Technologies Inc.
  • Roper Technologies Inc.
  • Sage Group Plc
  • Systemates Inc.
  • Trimble Inc.

Vendor Offerings

  • ARES Holding Corp. – The company offers construction management software such as enterprise project controls software.
  • Autodesk Inc. – The company offers construction management software such as Autodesk Build, BIM Collaborate and Autodesk Takeoff.
  • Bentley Systems Inc. – The company offers construction management software such as Synchro 4D, synchro field, synchro control and Synchro Perform.

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Construction Management Software Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 10.14%

Market growth 2023-2027

USD 986.36 million

Market structure

Fragmented

YoY growth 2022-2023(%)

7.63

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 32%

Key countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ARES Holding Corp., Autodesk Inc., Bentley Systems Inc., Buildertrend Solutions Inc., Chetu Inc., Computer Methods International Corp., Constellation Software Inc., Hilti Corp., Hyland Software Inc., Kiewit Corp., Nemetschek SE, Odoo SA, Oracle Corp., Penta Technologies Inc., Procore Technologies Inc., Roper Technologies Inc., Sage Group Plc, Systemates Inc., and Trimble Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

  • 1.1 Market Overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.4 Market outlook: Forecast for 2022-2027
    • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global construction management software market 2017 – 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global construction management software market 2017 – 2021 ($ million)
  • 4.2 End-User Segment Analysis 2017 – 2021
    • Exhibit 19: Historic Market Size – End-User Segment 2017 – 2021 ($ million)
  • 4.3 Deployment Segment Analysis 2017 – 2021
    • Exhibit 20: Historic Market Size – Deployment Segment 2017 – 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 – 2021
    • Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 – 2021
    • Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis – Comparison between2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

  • 6.1 Market segments 
    • Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
    • Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)
  • 6.2 Comparison by End-user 
    • Exhibit 32: Chart on Comparison by End-user
    • Exhibit 33: Data Table on Comparison by End-user
  • 6.3 Builders and constructors – Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Builders and constructors – Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Builders and constructors – Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Builders and constructors – Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Builders and constructors – Year-over-year growth 2022-2027 (%)
  • 6.4 Construction managers – Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Construction managers – Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Construction managers – Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Construction managers – Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Construction managers – Year-over-year growth 2022-2027 (%)
  • 6.5 Engineers and architects – Market size and forecast 2022-2027 
    • Exhibit 42: Chart on Engineers and architects – Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Data Table on Engineers and architects – Market size and forecast 2022-2027 ($ million)
    • Exhibit 44: Chart on Engineers and architects – Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Engineers and architects – Year-over-year growth 2022-2027 (%)
  • 6.6 Market opportunity by End-user 
    • Exhibit 46: Market opportunity by End-user ($ million)

7 Market Segmentation by Deployment

  • 7.1 Market segments 
    • Exhibit 47: Chart on Deployment – Market share 2022-2027 (%)
    • Exhibit 48: Data Table on Deployment – Market share 2022-2027 (%)
  • 7.2 Comparison by Deployment 
    • Exhibit 49: Chart on Comparison by Deployment
    • Exhibit 50: Data Table on Comparison by Deployment
  • 7.3 Cloud-based – Market size and forecast 2022-2027
    • Exhibit 51: Chart on Cloud-based – Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on Cloud-based – Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on Cloud-based – Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Cloud-based – Year-over-year growth 2022-2027 (%)
  • 7.4 On-premise – Market size and forecast 2022-2027
    • Exhibit 55: Chart on On-premise – Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on On-premise – Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on On-premise – Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on On-premise – Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by Deployment 
    • Exhibit 59: Market opportunity by Deployment ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 63: Chart on Geographic comparison
    • Exhibit 64: Data Table on Geographic comparison
  • 9.3 North America – Market size and forecast 2022-2027
    • Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 9.4 Europe – Market size and forecast 2022-2027
    • Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 9.5 APAC – Market size and forecast 2022-2027
    • Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)
  • 9.6 Middle East and Africa – Market size and forecast 2022-2027 
    • Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
  • 9.7 South America – Market size and forecast 2022-2027
    • Exhibit 81: Chart on South America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on South America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on South America – Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on South America – Year-over-year growth 2022-2027 (%)
  • 9.8 US – Market size and forecast 2022-2027
    • Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 9.9 China – Market size and forecast 2022-2027
    • Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 9.10 UK – Market size and forecast 2022-2027
    • Exhibit 93: Chart on UK – Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on UK – Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on UK – Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on UK – Year-over-year growth 2022-2027 (%)
  • 9.11 Germany – Market size and forecast 2022-2027
    • Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)
  • 9.12 Canada – Market size and forecast 2022-2027
    • Exhibit 101: Chart on Canada – Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on Canada – Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Canada – Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.3 Impact of drivers and challenges 
    • Exhibit 106: Impact of drivers and challenges in 2022 and 2027

11 Vendor Landscape

  • 11.2 Vendor landscape 
    • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 108: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 109: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 110: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 111: Matrix on vendor position and classification
  • 12.3 ARES Holding Corp. 
    • Exhibit 112: ARES Holding Corp. – Overview
    • Exhibit 113: ARES Holding Corp. – Product / Service
    • Exhibit 114: ARES Holding Corp. – Key offerings
  • 12.4 Autodesk Inc. 
    • Exhibit 115: Autodesk Inc. – Overview
    • Exhibit 116: Autodesk Inc. – Product / Service
    • Exhibit 117: Autodesk Inc. – Key news
    • Exhibit 118: Autodesk Inc. – Key offerings
  • 12.5 Bentley Systems Inc. 
    • Exhibit 119: Bentley Systems Inc. – Overview
    • Exhibit 120: Bentley Systems Inc. – Product / Service
    • Exhibit 121: Bentley Systems Inc. – Key news
    • Exhibit 122: Bentley Systems Inc. – Key offerings
  • 12.6 Buildertrend Solutions Inc. 
    • Exhibit 123: Buildertrend Solutions Inc. – Overview
    • Exhibit 124: Buildertrend Solutions Inc. – Product / Service
    • Exhibit 125: Buildertrend Solutions Inc. – Key news
    • Exhibit 126: Buildertrend Solutions Inc. – Key offerings
  • 12.7 Chetu Inc. 
    • Exhibit 127: Chetu Inc. – Overview
    • Exhibit 128: Chetu Inc. – Product / Service
    • Exhibit 129: Chetu Inc. – Key offerings
  • 12.8 Computer Methods International Corp.
    • Exhibit 130: Computer Methods International Corp. – Overview
    • Exhibit 131: Computer Methods International Corp. – Product / Service
    • Exhibit 132: Computer Methods International Corp. – Key news
    • Exhibit 133: Computer Methods International Corp. – Key offerings
  • 12.9 Constellation Software Inc. 
    • Exhibit 134: Constellation Software Inc. – Overview
    • Exhibit 135: Constellation Software Inc. – Product / Service
    • Exhibit 136: Constellation Software Inc. – Key offerings
  • 12.10 Hyland Software Inc. 
    • Exhibit 137: Hyland Software Inc. – Overview
    • Exhibit 138: Hyland Software Inc. – Product / Service
    • Exhibit 139: Hyland Software Inc. – Key offerings
  • 12.11 Kiewit Corp. 
    • Exhibit 140: Kiewit Corp. – Overview
    • Exhibit 141: Kiewit Corp. – Product / Service
    • Exhibit 142: Kiewit Corp. – Key offerings
  • 12.12 Odoo SA 
    • Exhibit 143: Odoo SA – Overview
    • Exhibit 144: Odoo SA – Product / Service
    • Exhibit 145: Odoo SA – Key offerings
  • 12.13 Oracle Corp. 
    • Exhibit 146: Oracle Corp. – Overview
    • Exhibit 147: Oracle Corp. – Business segments
    • Exhibit 148: Oracle Corp. – Key news
    • Exhibit 149: Oracle Corp. – Key offerings
    • Exhibit 150: Oracle Corp. – Segment focus
  • 12.14 Procore Technologies Inc. 
    • Exhibit 151: Procore Technologies Inc. – Overview
    • Exhibit 152: Procore Technologies Inc. – Product / Service
    • Exhibit 153: Procore Technologies Inc. – Key offerings
  • 12.15 Roper Technologies Inc. 
    • Exhibit 154: Roper Technologies Inc. – Overview
    • Exhibit 155: Roper Technologies Inc. – Business segments
    • Exhibit 156: Roper Technologies Inc. – Key offerings
    • Exhibit 157: Roper Technologies Inc. – Segment focus
  • 12.16 Sage Group Plc 
    • Exhibit 158: Sage Group Plc – Overview
    • Exhibit 159: Sage Group Plc – Business segments
    • Exhibit 160: Sage Group Plc – Key news
    • Exhibit 161: Sage Group Plc – Key offerings
    • Exhibit 162: Sage Group Plc – Segment focus
  • 12.17 Trimble Inc. 
    • Exhibit 163: Trimble Inc. – Overview
    • Exhibit 164: Trimble Inc. – Business segments
    • Exhibit 165: Trimble Inc. – Key offerings
    • Exhibit 166: Trimble Inc. – Segment focus

13 Appendix

  • 13.1 Scope of the report 
  • 13.2 Inclusions and exclusions checklist
    • Exhibit 167: Inclusions checklist
    • Exhibit 168: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 169: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 170: Research methodology
    • Exhibit 171: Validation techniques employed for market sizing
    • Exhibit 172: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 173: List of abbreviations

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