How large is the construction management software market, and what is its growth trajectory?
The construction management software market size has grown rapidly in recent years. It will grow from $10.56 billion in 2024 to $11.69 billion in 2025 at a compound annual growth rate (CAGR) of 10.7%. 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.
The construction management software market size is expected to see strong growth in the next few years. It will grow to $16.5 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. 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. Major trends in the forecast period include enhanced user experience, artificial intelligence (AI) for project insights, real-time collaboration platforms, sustainable construction features, mobile-first solutions.
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Which major factors have contributed to the expansion 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. For instance, in 2023, according to the European Investment Bank, a Luxembourg-based European Union’s long-term finance institution, in 2022, 42% of European firms invested further in digitalization, marking a 9%-point increase compared to 2021. In contrast, one in two firms in the United States, or 50%, pursued additional investment in digitalization during the same period. Therefore, the growing demand for digitalization in the construction industry is driving the growth of the construction management software market.
How is the construction management software market segmented?
The construction management software market covered in this report is segmented –
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
Subsegments:
1) By Solution: Project Management Software, Scheduling Software, Cost Estimation Software, Document Management Software, Field Management Software, Collaboration Software, BIM (Building Information Modeling) Software
2) By Services: Implementation Services, Consulting Services, Training Services, Support And Maintenance Services, Customization Services
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Who are the top competitors in the construction management software market?
Major companies operating in the construction management software market report are 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
Which key trends are expected to influence the construction management software market in the coming years?
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. For instance, in July 2023, Cemex, a Mexico-based building materials company, introduced a dedicated plug-in for building information modeling (BIM) REVIT software, enhancing the design and management of construction projects. This tool facilitates architects and engineers in selecting optimal Cemex products, emphasizing innovation and sustainability. It is tailored for professionals in residential, commercial, industrial, or infrastructure projects. Cemex’s BIM software enables concrete product searches by properties, comparisons based on essential characteristics, and identification of embodied carbon values. Users can access detailed information on materials, including physical and mechanical performance, with a focus on recommending sustainable solutions from Cemex’s Vertua range.
Which regional trends are influencing the construction management software market, and which area dominates the industry?
North America was the largest region in the construction management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Construction Management Software Market Report 2025 Offer?
The construction management software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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