SEATTLE, Aug 11, 2021 (GLOBE NEWSWIRE) – Construction management software offers a range of solutions to help users effectively manage construction projects, resources and customers. Construction management software increases the efficiency and accountability of construction firms and contractors while streamlining previously manual processes such as daily internal communication, job planning, punch list and QA / QC list creation. In addition, the construction management software helps to monitor the cost control system to achieve an estimated profit on projects and monitor the projected results.

The globe Construction management software market is estimated to be worth 2.6 billion by the end of 2028

Market leader

1. Iincreasing number of construction projects around the world is expected to fuel the growth of the global construction management software market during the forecast period

The increasing number of construction projects in countries such as the USA, China and India should drive market growth. In addition, the construction industry in India employs more than 40 million people and has a large pool of low-cost workers. In addition, various state flagship programs such as “Smart Cities”, “Housing for All”, “Make in India” and “Atal Mission for Urban Rejuvenation and Transformation” (AMRUT) are intended to drive market growth.

2. It is expected that the increasing need for management of construction processes will drive the growth of the global Construction management software market in the forecast period

The construction management software helps monitor the cost control system to achieve an estimated profit on projects and monitor the projected results. Construction project management software provides capabilities to manage construction projects from the start by enabling features that oversee different phases of a project, including sourcing design services and contractors, contracting methods, and managing the construction contract process.

The story goes on

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Market opportunity

1. Increasing construction projects in Asia Pacific can be lucrative growth opportunities in the global Construction management software market

The Asia-Pacific region is expected to have the highest growth rate in the forecast period due to the increasing number of construction projects in China and India. With a large number of ongoing construction projects, India is the third largest contributor to economic growth worldwide.

2. The increasing adoption of construction management software by construction companies to increase efficiency and accountability can open up great business opportunities in the global marketplace

Construction management software improves the efficiency and accountability of construction companies and businesses by streamlining their manual processes. In addition, it helps with order planning, time estimation, project management, order calculation, cost control, enumeration and assessment of construction risks. This increases the adoption of the software across the construction industry, which in turn spurs growth in the construction management software market.

Market trends:

1. Cloud-based construction management software is becoming increasingly popular

Cloud-based construction management software is expected to grow significantly in the global construction management software market. For example, Jonas Construction Software Inc. offers cloud-based construction management software for general contractors, property developers, home builders and specialist companies.

2. Construction management software is expected to grow in importance quickly Öil and gas sector

A significant increase in demand for construction management software is expected from the oil and gas sector. Because the software helps to increase transparency in brownfield, onshore and slate construction projects. The software also helps monitor developments in oil and gas facilities, as well as monitor deep-sea oil and gas projects.

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Competition part:

Major companies involved in the global construction management software market include BENTLEY SYSTEMS, INCORPORATED, PlanGrid, Inc., Procore Technologies, Inc., Sage Group plc, Trimble Navigation Limited, Viewpoint, Inc., Oracle, BrickControl.com, BuildStar Technologies , Inc., Buildtools Inc, CATCloud., E-Builder Inc, eSUB Inc. Jonas Construction Software Inc, Systemates, Inc., Autodesk Inc., Buildertrend, CMiC., ConstructConnect and Odoo SA

For example, Oracle offers construction management software for various applications, including deadline management, construction project and cost control, planning and construction coordination, construction document management, and construction payment management.

segmentation

After provision:

By end user:

  • Builders & Contractors

  • construction manager

  • Engineers & Architects

By region:

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • middle East

  • Africa

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