The construction management software market covers the following areas:
- Construction Management Software Market Sizing
- Construction Management Software Market Forecast
- Construction Management Software Market Analysis
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
