Global Construction Management Software Market Analysis and Forecast, 2019-2028

In the 2022-2028 forecast period, the market for construction management software is expected to expand at a rate of 15%.

Oct 6, 2022 - 19:32

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Global Construction Management Software Market Analysis and Forecast, 2019-2028

RationalStat's comprehensive study of the construction management software market examines the market by type, end-users, purpose, project values, and geography. The report includes trend analysis and historical market data. The report includes market share analysis, production capabilities by top players, competition overview, and strategic imperatives. It also provides an overview of the annual sales figures, growth avenues, production overview, and competition assessment for target players.

Market Overview & Dynamics: How to Increase Productivity to Fuel Market Growth

In the 2022-2028 forecast period, the market for construction management software is expected to expand at a rate of 15%. In the coming years, construction management software will be in high demand due to the increased need to analyze construction projects and examine any external and internal factors that may affect them.

Market growth will also be fueled by the government's efforts in developing smart infrastructure across different countries. This will result in better coordination between the capabilities of employees involved in a construction job.

Segmental Analysis

Cloud-based construction management software will drive market growth based on type. This is due to increased productivity and better communication between employees.
The industrial sector, which includes roads, railways and airports, is the most important end user. Due to rapid urbanization, industrialization, and the increasing demand for construction management systems, the market is expected to be dominated by the industry.
Based on geography, North America and Europe account for approximately half of the global construction software market. They are expected to dominate this market in the coming years because of the widespread use of electronic tendering for large infrastructure projects.
Competition Analysis: Developed Economies to dominate the market in the upcoming years

The global construction management software market experiences moderate competition due to the presence of significant established companies in the market. The constant government initiatives and multiple ongoing research and development activities taking part in the integration and automation of work processes throughout construction activities will catalyze the growth of the global construction management software market.

Product innovations, launches, and partnerships are the identified industry trend in the global construction management software market. Significant consolidation is expected in the global market during the assessed period 2022-2028.
- In 2022, RedTeam Software, LLC, a leading construction management software provider, announced the acquisition of Paskr Inc.
- In 2021, Procore Technologies, Inc. acquired LabourChart to improve construction workforce management.
- In May 2019, the San Diego-based software developer eSub Construction Software raised US$ 12 million in financing for its project management platform for contractors.
- In 2018, Fortive, a diversified industrial group, acquired Gordian, a construction software company, from Warburg Pincus and Education Growth Partners for approximately US$ 775 million in cash.
Some of the leading players contributing significantly to the global construction management software include Procore Technologies, Inc., RIB Software SE (Schneider Electric), Bentley Systems, Inc., Contractor Foreman, BPA Solutions, Fortive, Trimble Inc. (Viewpoint), Oracle, Archdesk, Nexvia, Builderhead, Nemetschek Group, Capmo GmbH, RedTeam, among others.

RationalStat has segmented the global construction management software market on the basis of type, end-user, purpose, project value, and region
- By Type
- Web Application
- Mobile Application
- Cloud or Server-based Application
- By End User
- Individual
  - Consultants
  - Sub-contractors
  - Remodelers
  - General Contractor/Builders
- Residential
  - Single-family
  - Multifamily
- Municipalities
- Commercial and Non-residential
  - Hospitals
  - Offices
  - Other Public Spaces
- Industrial
- Infrastructure
  - Roads
  - Railways
  - Airports
  - Solar Farms
  - Marine, Landfills, and others
- By Purpose
- All-in-one
- Construction Accounting and Job Costing Software
- Construction Bid Management Software
- Construction CRM
- Construction Document Management
- Construction ERP
- Construction Project Management
- Construction Field Management Software
- Others (Workflow management, safety, quality management, etc.)
- By Project Value
- Up to US$ 500 Million
- US$ 500 Million to US$ 1,000 Million
- More than US$ 1,000 Million
- By Region
  - North America
    - US
    - Canada
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