Construction Management Software: Introduction

  • Construction management software is used to develop, create, manage, and execute an effective construction management plan. It provides end-users with effective construction planning, which defines the project goals, scope, and budget.
  • Construction management software is also used as a project optimization tool that provides various features such as materials management, quality management, progress management, document management, payment management, and manpower management of large and complex plant construction
  • Construction management software also optimizes the construction project cost. It is useful for home builders, remodelers, specialty contractors, and general contractors.
  • The global construction management software market is projected to expand at a rapid pace during the forecast period, due to increase in demand for construction management software among end-users.
construction management software market size and forecast

Global Construction Management Software Market: Dynamics

Global Construction Management Software Market: Key Drivers and Restraints

  • Rise in need to analyze project requirements and understand the internal or external factors of construction projects is expected to boost the construction management software market in the next few years
  • Increase in demand to enhance the productivity of a construction project by improving communication between employees and reducing the response time is also anticipated to boost the construction management software market during the forecast period
  • Rise in adoption of cloud-based construction management software is estimated to propel the market during the forecast period
  • Increase in government initiatives for development of smart infrastructure and smart homes across the globe is likely to propel the construction management software market during the forecast period.
  • Increasing demand for construction management software tools which can view the risk levels associated with numerous tasks and processes of operations management is anticipated to propel the construction management software market in the next few years.
  • However, interoperability issues and lack of technical expertise is projected to hinder the construction management software market during the forecast period. Additionally, lack of awareness about the benefits of construction management software is anticipated to hamper the market.
construction management software market dynamics

Impact of COVID-19 on the Global Construction Management Software Market

  • The COVID-19 pandemic has significantly impacted the global construction management software business. The pandemic has adversely affected the sales of construction management software. Restriction on travel and limitation in supply chain of raw materials have also negatively impacted the construction sector.
  • Construction management software solution providers are launching new products with advanced functions to cope up with social distancing and guidelines on avoidance of physical contact during the COVID-19 pandemic. This is boosting the demand for construction management software.

North America to Hold Major Share of Global Construction Management Software Market

  • In terms of region, the global construction management software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America dominated the global construction management software market in 2020, due to the presence of a large number of construction management software companies and high adoption of software in the region. The U.S. is the key country of the market in the region owing to extensive adoption of construction management software in the country during the COVID-19 pandemic.
  • The construction management software market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be ascribed to the growth in industrialization and digitization in China, Japan, and India. Increase in government initiatives to opt for smart infrastructure is expected to create lucrative opportunities for the construction management software market.
construction management software market outlook by region

Global Construction Management Software Market: Competition Landscape

Several local, regional, and international players are active in the construction management software market with strong presence. Rapid technological advancements have led to creation of opportunities in the market. Vendors of construction management software are focusing on inorganic growth strategies such as strategic collaborations and merger and acquisition with technology partners to develop innovative and advanced solutions to improve their offerings and market reach.

Key Players Operating in Global Construction Management Software Market Include:

  • Autodesk Inc.
  • Bentley Systems Inc.
  • Buildertrend Solutions, Inc.
  • Computer Methods International Corporation
  • ConstructConnect Inc.
  • Odoo SA
  • Oracle Corporation
  • Procore Technologies Inc.
  • Sage Group Plc
  • Trimble Inc.

Global Construction Management Software Market: Research Scope

Global Construction Management Software Market, by Component

  • Software/Tool
  • Services

Global Construction Management Software Market, by Deployment

  • On-premise
  • Cloud

Global Construction Management Software Market, by End-user

  • Construction Managers
  • Builders & Contractors
  • Engineers & Architects
  • Others

Global Construction Management Software Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Construction Management Software Market