Construction Risk Assessment Software Market Report 2025

The construction risk assessment software market size has grown rapidly in recent years. It will grow from $1.46 billion in 2024 to $1.62 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. The growth during the historic period can be attributed to increasing workplace safety concerns, rising demand for compliance tools, growing adoption of digital inspections, expanding construction project volumes, and stricter government safety regulations.

The construction risk assessment software market size is expected to see rapid growth in the next few years. It will grow to $2.38 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth expected in the forecast period is driven by a heightened focus on real-time monitoring, increased use of mobile platforms, greater reliance on data analytics, the need for cost reduction, and growing awareness of risk prevention. Key trends in the forecast period include the advancement of generative AI for safety documentation, progress in Internet of Things (IoT)-enabled site sensors, the rise of blockchain-based audits, improvements in augmented reality (AR) and virtual reality (VR) training tools, and the development of fatigue detection systems.

The increase in construction activities is anticipated to drive the expansion of the construction risk assessment software market moving forward. Construction activities encompass the processes involved in building, repairing, or modifying structures such as buildings, roads, bridges, and other infrastructure. This rise in construction activities stems from urbanization, as a growing population concentration in cities leads to higher demand for residential, commercial, and infrastructure development. Construction risk assessment software supports these activities by identifying and mitigating potential risks, thereby improving project planning and safety. It helps reduce delays and costly mistakes by enabling proactive decision-making and real-time risk monitoring, which enhances overall efficiency and regulatory compliance. For example, in April 2025, the United States Census Bureau, a US government agency, reported that construction spending reached $2.15 trillion in 2024, up from $2.02 trillion in 2023. Hence, the surge in construction activities is fueling the growth of the construction risk assessment software market.

The expansion of infrastructure development is expected to drive the growth of the construction risk assessment software market in the future. Infrastructure development includes the planning, construction, and maintenance of essential physical systems such as transportation, energy, water, and communication networks. This increase in infrastructure projects is propelled by economic growth and urbanization, which boost the demand for better transportation, energy, and public utility systems. Construction risk assessment software facilitates infrastructure development by early identification of risks, ensuring safer and more efficient project execution. It aids timely decision-making and regulatory compliance, minimizing delays and cost overruns while enhancing overall project reliability. For instance, in July 2024, the Office for National Statistics, a UK government department, stated that total government investment in infrastructure reached $17.25 billion (£13.8 billion) in 2023, marking a 3.9% rise from 2022. Therefore, the growth in infrastructure development is propelling the expansion of the construction risk assessment software market.

Leading companies in the construction risk assessment software market are focusing on developing advanced solutions such as site safety management tools to improve compliance and enhance worker safety on construction sites. These digital tools monitor, enforce, and document safety protocols, helping to prevent accidents and ensure regulatory adherence. For example, in September 2024, Highwire, a US-based software firm, launched an AI-powered construction safety risk platform. These platforms utilize artificial intelligence, including computer vision, real-time risk detection, and automated compliance monitoring, to analyze site activities, identify potential hazards, and deliver instant alerts. By integrating data from cameras, sensors, and project software, they enable proactive safety oversight, reducing the need for manual supervision, lowering incident rates, and decreasing administrative workload.

Major players in the construction risk assessment software market are Oracle Corporation, Autodesk Inc., Trimble Inc., EllisDon Corporation, Bentley Systems Incorporated, Procore Technologies Inc., Buildertrend Solutions Inc., BuildSafe Sweden AB, SiteDocs Safety ULC, Fieldwire Labs Inc., Raken Inc., HammerTech Global Pty Ltd, Novade Solutions Pte Ltd, Assignar Pty Ltd, Salus Technologies Inc., 1Life Workplace Safety Solutions Ltd., HBXL Group Ltd, Propeller Studios Ltd., Kaleida Ltd, Altisource Portfolio Solutions S.A.

North America was the largest region in the construction risk assessment software market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in construction risk assessment software report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the construction risk assessment software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.

Construction risk assessment software is a digital tool designed to identify, evaluate, and manage potential hazards and uncertainties in construction projects. This software improves safety, reduces project delays, and minimizes financial losses by proactively addressing risks. It also helps ensure regulatory compliance and supports informed decision-making through real-time data and analytics.

The primary types of construction risk assessment software include risk management software, construction management software, and project management software. Risk management software enables construction firms to proactively identify and mitigate hazards using tools that promote regulatory compliance and a safer work environment. It is offered through various deployment methods, such as cloud-based and on-premises solutions, and serves organizations of different sizes, including small and medium-sized enterprises (SMEs) and large enterprises. The software is applied in areas such as compliance reporting, cost management, safety analysis, schedule optimization, and structural analysis, catering to end users across residential, commercial, industrial, and infrastructure construction sectors.

The construction risk assessment software market research report is one of a series of new reports that provides construction risk assessment software market statistics, including the construction risk assessment software industry global market size, regional shares, competitors with the construction risk assessment software market share, detailed construction risk assessment software market segments, market trends, opportunities, and any further data you may need to thrive in the construction risk assessment software industry. This construction risk assessment software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The construction risk assessment software market consists of revenues earned by entities by providing services such as incident reporting, real-time compliance monitoring, digital inspections, subcontractor prequalification, and project risk forecasting. The market value includes the value of related goods sold by the service provider or included within the service offering. The construction risk assessment software market also includes sales of mobile applications, desktop software solutions, integrated project management tools, safety compliance modules, and analytics dashboards. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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