NEW YORK , Feb. 25, 2022 /PRNewswire/ -- The construction management software market is estimated to grow by USD 630.51 mn from 2020 to 2025. The growth momentum of the market will accelerate at a CAGR of 8% during the forecast period.
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Market Dynamics
Key drivers such as the increasing requirements for large-scale project management are supporting the construction management software market growth. However, factors such as challenges from open-source platforms are market challenges that limit the growth of market vendors.
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Company Profiles
The construction management software market report includes information on the product launches, sustainability, and prospects of leading vendors, including Autodesk Inc., Bentley Systems Inc., Buildertrend Solutions Inc., Computer Methods International Corp., ConstructConnect Inc., Odoo SA, Oracle Corp., Procore Technologies Inc., Sage Group Plc, and Trimble Inc. The key offerings of some of these vendors are listed below:
- Autodesk Inc. - The company offers BIM and CAD tools for designers, engineers, and contractors.
- Bentley Systems Inc. - The company offers construction management and workforce planning software for contractors.
- Buildertrend Solutions Inc. - The company offers construction management software for home builders, contractors, and remodelers.
- Computer Methods International Corp. - The company offers construction management software for general, specialty, and heavy/highway contractors.
- ConstructConnect Inc. - The company offers construction bid management software for customers.
Competitive Analysis
The competitive scenario provided in the construction management software market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
- By end-user, the market is classified into builders and contractors, construction managers, and engineers and architects. The building and contractors segment contributes the largest share of the market. Construction management software standardizes the construction process by enabling simplified and streamlined management of labor, site events, data capture, as well as information, and material costs. With the deployment of this software, contractors will increase the profitability and efficiency of their projects.
- By deployment, the market has been classified into cloud-based and on-premise. The cloud-based construction management software segment is growing at a fast pace compared with the on-premises segment. The inherent ease of use, cost-effectiveness, agility, and innovation in cloud security encourage SMEs as well as large organizations to adopt cloud solutions gradually.
- By geography, the market is classified into North America, Europe, APAC, MEA, and South America. North America will have the largest share of the market. The region is expected to account for 31% of the market growth during the forecast period. Reduction in the design time will drive the construction management software market growth in North America. The US and Canada are the key countries for the construction management software market in the region.
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Construction Management Software Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 8% |
Market growth 2021-2025 | USD 630.51 million |
Market structure | Fragmented |
YoY growth (%) | 5.14 |
Regional analysis | North America, Europe, APAC, MEA, and South America |
Performing market contribution | North America at 31% |
Key consumer countries | US, China, UK, Germany, and Canada |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Autodesk Inc., Bentley Systems Inc., Buildertrend Solutions Inc., Computer Methods International Corp., ConstructConnect Inc., Odoo SA, Oracle Corp., Procore Technologies Inc., Sage Group Plc, and Trimble Inc. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact 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. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Builders and contractors - Market size and forecast 2020-2025
- Construction managers - Market size and forecast 2020-2025
- Engineers and architects - Market size and forecast 2020-2025
- Market opportunity by End-user
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment
- Cloud-based - Market size and forecast 2020-2025
- On-premise - Market size and forecast 2020-2025
- Market opportunity by Deployment
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Autodesk Inc.
- Bentley Systems Inc.
- Buildertrend Solutions Inc.
- Computer Methods International Corp.
- ConstructConnect Inc.
- Odoo SA
- Oracle Corp.
- Procore Technologies Inc.
- Sage Group Plc
- Trimble Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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