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Global Construction Software Market, By Component, By Modules, By Project Type, By End-Users, Estimation & Forecast, 2017 - 2027

  • ID: 5438466
  • Report
  • August 2021
  • Region: Global
  • 256 pages
  • Astute Analytica
UP TO OFF
until Jan 15th 2022
Global Construction Software Market is Projected to Grow at a CAGR of 7.4% During the Forecast Period 2017-2027

FEATURED COMPANIES

  • Autodesk, Inc.
  • BIMobject AB
  • BuilderMT, LLC.
  • Comprotex Software Inc.
  • Oracle Corporation
  • PlanGrid,
The global construction software market held a market value of USD 1,641.5 Million in 2020 and is forecasted to reach USD 2,701.7 Million by the year 2027. The market is expected to register a CAGR of 7.4% during the forecast period.



Construction software is a collection of processes, information, and programs used for performing a variety of tasks for assembling or building of an infrastructure or a structure. This is used for increasing the efficiency, competitiveness, and productivity. The market is estimated to be driven by the increase in construction spending and project complexity.

Despite the driving factors the high deployment & maintenance cost and cybersecurity & data protection risks are expected to hinder the market growth. During the COVID-19 pandemic, many companies witnessed high demand for construction software and also customer support from these companies for no or low additional cost, for construction of emergency healthcare facilities, which did not impact the market growth much.

Growth Influencers:


Rise in construction spending

Construction spending indicates the amount of spending for new construction. It includes cost of architectural & engineering work, cost of materials & labor, overhead costs (sales, marketing, and management), interest on loans, and contractor’s profits. Government initiatives for investments in bridges, roads, green spaces, water, universal broadband, and electricity is also anticipated to boost the market growth. For instance, in 2020, the Biden government planned to spend USD 2.4 trillion on energy and infrastructure for achieving net-zero emissions by 2050.

Segments Overview:


The global construction software market is segmented into component, modules, project type, and end-users.

By Component

  • Solution/Platform
  • On-Premise
  • Cloud
  • Services
  • Professional
  • Managed
The solution/platform segment is estimated to account for the largest market share of around 63% owing to its high demand. The services segment is expected to grow at the fastest CAGR of 9.3% owing to slowly increasing adoption of professional as well as managed services.

By Modules

  • Contract Management
  • Procure Management
  • Finance Management
  • Inventory Management
  • Real Estate Management
  • Labor Management
  • Customer Management
  • Others
The finance management segment is anticipated to account for the largest market share of about 19% owing to growing adoption of construction software for finance management purposes. The customer management segment is expected to witness the fastest growth rate of 9.4% owing to the rising focus of major market players in the segment.

By Project Type

  • Residential
  • Commercial
  • Industrial
  • Others
The industrial segment is estimated to hold the largest market share of about 31% owing to growing adoption of construction software for in the sector. The residential segment is estimated to grow at the fastest rate of 10.4% owing to rising investments in smart cities.

By End-Users

  • Creative Agencies
  • Architects
  • Consultants
  • Engineers
  • Builders
  • Contractors
  • Owners
  • Interior Designer
  • Home Remodelers
  • Others
The contractors segment is anticipated to hold the largest market share owing to growing adoption of the construction software by contractors for easing their tasks. The contractors segment is anticipated to hold the largest market share owing to growing adoption of the construction software by contractors for easing their tasks. The engineers segment is estimated to surpass a market value of USD 290 million by 2024.

Regional Overview


On a regional basis, the global construction software market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The North America region held the largest market share of about 31% owing to increasing adoption of technologically advanced solutions in the market and growing construction industry the United States as well as Canada. The Asia Pacific region held the second largest market share owing to the rising investments by major players in the region.

Competitive Landscape


Key players operating in the global construction software market include Sage Group PLC, Oracle Corporation, Autodesk, Inc., Roper Technologies, Inc., Trimble Inc., Constellation Software Inc., BIMobject AB, RIB Software SE, Comprotex Software Inc., Procore Technologies Inc., BuilderMT, LLC, PlanGrid, Inc., Heavy Construction Systems Specialists, Jonas Construction Software Inc., ECI Software Solutions Inc., and other prominent players.

Major 10 players in the market hold about 46% of the market share. These players are involved in mergers & acquisitions, product launches, and collaboration, among others. For instance, in February 2021, Constellation Software Inc. acquired SSP Limited through its subsidiary Volaris Group. With this, the company expanded its product portfolio.

The global construction software market report provides insights on the below pointers:

  • Market Penetration: Provides comprehensive information on the market offered by the prominent players
  • Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  • Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
  • Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global construction software market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
  • Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The global construction software market report answers questions such as:

  • What is the market size and forecast of the Global Construction software Market?
  • What are the inhibiting factors and impact of COVID-19 on the Global Construction software Market during the assessment period?
  • Which are the products/segments/applications/areas to invest in over the assessment period in the Global Construction software Market?
  • What is the competitive strategic window for opportunities in the Global Construction software Market?
  • What are the technology trends and regulatory frameworks in the Global Construction software Market?
  • What is the market share of the leading players in the Global Construction software Market?
  • What modes and strategic moves are considered favorable for entering the Global Construction software Market?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Autodesk, Inc.
  • BIMobject AB
  • BuilderMT, LLC.
  • Comprotex Software Inc.
  • Oracle Corporation
  • PlanGrid,
Chapter 1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

Chapter 2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.4. Assumption for the Study
2.5. Market Size Estimation
2.6. Data Triangulation

Chapter 3. Executive Summary: Global Construction Software Market

Chapter 4. Global Construction Software Market Overview
4.1. Industry Value Chain Analysis
4.1.1. Designing
4.1.2. Engineering
4.1.3. Supply
4.1.4. Construction
4.1.5. Operation and Maintenance
4.2. Technology Lifecycle
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of Substitutes
4.3.4. Threat of New Entrants
4.3.5. Degree of Competition
4.4. PEST Analysis
4.5. Market Dynamics and Trends
4.5.1. Growth Drivers
4.5.2. Restraints
4.5.3. Challenges
4.5.4. Key Trends
4.6. Competition Dashboard
4.6.1. Market Concentration Rate
4.6.2. Company Market Share Analysis (%), 2020
4.6.3. Competitor Mapping
4.7. Pricing Analysis
4.8. Impact Assessment of Covid-19

Chapter 5. Global Construction Software Market Analysis, By Component
5.1. Key Insights
5.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
5.2.1. Solution/Platform
5.2.1.1. On-premise
5.2.1.2. Cloud
5.2.2. Services
5.2.2.1. Professional
5.2.2.2. Managed

Chapter 6. Global Construction Software Market Analysis, By Modules
6.1. Key Insights
6.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
6.2.1. Contract Management
6.2.2. Procure Management
6.2.3. Finance Management
6.2.4. Inventory Management
6.2.5. Real Estate Management
6.2.6. Labor Management
6.2.7. Customer Management
6.2.8. Others

Chapter 7. Global Construction Software Market Analysis, By Application
7.1. Key Insights
7.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
7.2.1. Residential
7.2.2. Commercial
7.2.3. Industrial
7.2.4. Others

Chapter 8. Global Construction Software Market Analysis, By End-users
8.1. Key Insights
8.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
8.2.1. Creative Agencies
8.2.2. Architects
8.2.3. Consultants
8.2.4. Engineers
8.2.5. Builders
8.2.6. Contractors
8.2.7. Owners
8.2.8. Interior Designer
8.2.9. Home Remodelers
8.2.10. Others

Chapter 9. Global Construction Software Market Analysis, By Geography
9.1. Key Insights
9.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
9.2.1. North America
9.2.1.1. The U.S.
9.2.1.2. Canada
9.2.1.3. Mexico
9.2.2. Europe
9.2.2.1. Western Europe
9.2.2.1.1. The U.K.
9.2.2.1.2. Germany
9.2.2.1.3. France
9.2.2.1.4. Spain
9.2.2.1.5. Italy
9.2.2.1.6. Rest of Western Europe
9.2.2.2. Eastern Europe
9.2.2.2.1. Russia
9.2.2.2.2. Poland
9.2.2.2.3. Rest of Eastern Europe
9.2.3. Asia Pacific
9.2.3.1. China
9.2.3.2. India
9.2.3.3. Japan
9.2.3.4. Australia & New Zealand
9.2.3.5. ASEAN
9.2.3.6. Rest of Asia Pacific
9.2.4. South America
9.2.4.1. Argentina
9.2.4.2. Brazil
9.2.4.3. Rest of South America
9.2.5. Middle East
9.2.5.1. U.A.E.
9.2.5.2. Saudi Arabia
9.2.5.3. Egypt
9.2.5.4. Rest of Middle East
9.2.6. Africa
9.2.6.1. South Africa
9.2.6.2. Nigeria
9.2.6.3. Rest of Africa

Chapter 10. North America Construction Software Market Analysis
10.1. Key Insights
10.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
10.2.1. By Component
10.2.2. By Module
10.2.3. By Application
10.2.4. By End-user
10.2.5. By Country/Region

Chapter 11. Europe Construction Software Market Analysis
11.1. Key Insights
11.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
11.2.1. By Component
11.2.2. By Module
11.2.3. By Application
11.2.4. By End-user
11.2.5. By Country/Region

Chapter 12. Asia Pacific Construction Software Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
12.2.1. By Component
12.2.2. By Module
12.2.3. By Application
12.2.4. By End-user
12.2.5. By Country/Region

Chapter 13. South America Construction Software Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
13.2.1. By Component
13.2.2. By Module
13.2.3. By Application
13.2.4. By End-user
13.2.5. By Country/Region

Chapter 14. Middle East Construction Software Market Analysis
14.1. Key Insights
14.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
14.2.1. By Component
14.2.2. By Module
14.2.3. By Application
14.2.4. By End-user
14.2.5. By Country/Region

Chapter 15. Africa Construction Software Market Analysis
15.1. Key Insights
15.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
15.2.1. By Component
15.2.2. By Module
15.2.3. By Application
15.2.4. By End-user
15.2.5. By Country/Region

Chapter 16. The U.S. Construction Software Market Analysis
16.1. Key Insights
16.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
16.2.1. By Component
16.2.2. By Module
16.2.3. By Application
16.2.4. By End-user

Chapter 17. UK Construction Software Market Analysis
17.1. Key Insights
17.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
17.2.1. By Component
17.2.2. By Module
17.2.3. By Application
17.2.4. By End-user

Chapter 18. Australia Construction Software Market Analysis
18.1. Key Insights
18.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
18.2.1. By Component
18.2.2. By Module
18.2.3. By Application
18.2.4. By End-user

Chapter 19. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)
19.1. Sage Group PLC
19.2. Oracle Corporation
19.3. Autodesk, Inc.
19.4. Roper Technologies, Inc.
19.5. Trimble Inc.
19.6. Constellation Software Inc.
19.7. BIMobject AB
19.8. RIB Software SE
19.9. Comprotex Software Inc.
19.10. Procore Technologies Inc.
19.11. BuilderMT, LLC.
19.12. PlanGrid, Inc.
19.13. Heavy Construction Systems Specialists
19.14. Jonas Construction Software Inc.
19.15. ECI Software Solutions Inc.
19.16. Other Prominent Players
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Sage Group PLC
  • Oracle Corporation
  • Autodesk, Inc.
  • Roper Technologies, Inc.
  • Trimble Inc.
  • Constellation Software Inc.
  • BIMobject AB
  • RIB Software SE
  • Comprotex Software Inc.
  • Procore Technologies Inc.
  • BuilderMT, LLC.
  • PlanGrid,
Note: Product cover images may vary from those shown
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