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global-construction-management-software-market-overview-and-statistic-for-2024-2033
The Business Research Company’s Construction Management Software Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, July 1, 2024 /EINPresswire.com/ — The construction management software market has experienced robust growth in recent years, expanding from $9.51 billion in 2023 to $10.56 billion in 2024 at a compound annual growth rate (CAGR) of 11.%. The growth in the historic period can be attributed to rise of mobile technology, shift to cloud computing, regulatory compliance requirements, focus on project cost management, demand for real-time communication.
Strong Future Growth Anticipated
The construction management software market is projected to continue its strong growth, reaching $15.17 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to regulatory compliance tools, predictive maintenance for equipment, enhanced collaboration platforms, demand for modular construction software, cybersecurity advancements.
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Growth driver of the construction management software market
The growing demand for digitalization in the construction industry is expected to propel the growth of the construction management software market in the coming years. Digitalization in the construction industry refers to the widespread adoption and integration of digital technologies and processes throughout the entire construction lifecycle. Digitalization plays a crucial role in construction management software by embracing digital tools and processes, construction companies can achieve significant improvements in efficiency, cost control, risk management, quality, and safety, ultimately leading to more successful project outcomes.
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Major Players and Market Trends
Key players in the construction management software market include Oracle Corporation, SAP SE, Kiewit Corporation, Hilti Corporation, Roper Technologies Inc., Trimble Inc., Autodesk Construction Cloud (ACC), Nemetschek SE, Procore Technologies Inc., Hyland Software Inc., Odoo SA, Viewpoint, Constellation Homebuilder Systems, CMiC, Aconex, Chetu Inc., Systemates Inc., Buildertrend Solutions Inc., Prolog, Bluebeam Revu, Computer Methods International Corp., Jonas Enterprise Construction Software, Penta Technologies Inc., Cosential, Constructware.
Major companies operating in the construction management software market are focusing on the integration of advanced technologies, such as building information modeling (BIM), to gain a competitive advantage. Building information modeling (BIM) software in construction refers to digital tools for creating, managing, and collaborating on 3D models that incorporate building information throughout the project lifecycle.
Segments:
1) By Component: Solution, Services
2) By Deployment Mode: On-Premise, Cloud
3) By Building Type: Commercial Buildings, Residential Buildings
4) By Application: Project Management And Scheduling, Safety And Reporting, Project Design, Field Service Management, Cost Accounting, Other Applications
5) By End-User: Architects And Designers, Construction Managers, Other End Users
Geographical Insights: North America Leading the Market
North America was the largest region in the construction management software market in 2023. Asia-Pacific is expected to be the fastest-growing region during the forecast period, driven by expanding healthcare facilities and increasing awareness of the benefits of construction management software.
Construction Management Software Market Definition
Construction management software is a type of project management software designed to streamline and enhance the management and execution of construction projects. It is used to provide a centralized platform for project managers, contractors, architects, engineers, and other stakeholders to collaborate, plan, monitor, and control various aspects of a construction project.
Construction Management Software Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Construction Management Software Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on construction management software market size, construction management software market drivers and trends, construction management software market major players, competitors’ revenues, market positioning, and market growth across geographies. The construction management software market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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