construction software market size, construction software market growth, construction software market drivers, construction software market growth, construction software market outlook, construction software market scope
How has the construction software market evolved, and where is it heading next?
The construction software market size has grown rapidly in recent years. It will grow from $4.06 billion in 2024 to $4.59 billion in 2025 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to labor shortages in the construction industry have pushed companies to look for software, increasing regulatory requirements, as construction projects have become more complex and larger in scale, the increasing number of stakeholders, widespread use of mobile and tablets.
The construction software market size is expected to see rapid growth in the next few years. It will grow to $7.35 billion in 2029 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to the focus on sustainable construction practices, growing demand for project management tool, building information modeling (BIM) adoption is growing, digital transformation in construction, the need for seamless integration with other enterprise systems. Major trends in the forecast period include innovations in construction technology, the move towards cloud computing, AI and machine learning integration, enhanced collaboration tools, integration with IoT devices.
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How have varous drivers impacted the growth of the construction software market?
The increasing number of construction projects is expected to propel the growth of the construction software market going forward. Construction projects encompass the planning, executing, and managing of building structures or infrastructure developments from conception to completion. The increasing demand for infrastructure development, urbanization, and renovation projects is driving the increase in construction projects globally. Construction firms utilize construction software to streamline project management, enhance communication, improve scheduling, and optimize resource allocation, ultimately increasing efficiency and reducing costs. For instance, in June 2023, according to the quarterly construction inquiry published by the Northern Ireland Statistics and Research Agency, an Ireland-based public authority, from the first quarter of 2022 to the first quarter of 2023, the overall construction industry expanded by 6.5%, with the housing sector of construction increasing by 11.1% and the infrastructure subsector by 3.7%. Therefore, the increasing number of construction projects is driving the growth of the construction software market.
What are the primary segments of the construction software market?
The construction software market covered in this report is segmented –
1) By Type: Project Management, Account Or Financial Management, Quality And Safety, Field Productivity, Other Types
2) By Deployment Mode: Cloud, On-Premise
3) By Organization Size: Large Enterprise, Small And Medium Enterprises
4) By Application: General Contractors, Building Owners, Architects And Engineers, Sub-Contactors, Specialty Contractors
Subsegments:
1) By Project Management: Scheduling Software, Collaboration Tools, Project Tracking And Reporting
2) By Account Or Financial Management: Budgeting And Forecasting Software, Billing And Invoicing Software, Financial Reporting And Analytics
3) By Quality And Safety: Safety Management Software, Quality Control And Compliance Software, Risk Management Software
4) By Field Productivity: Mobile Workforce Management Software, Time Tracking And Labor Management Software, Equipment Management Software
5) By Other Types: Estimating And Bidding Software, Building Information Modeling (BIM) Software, Procurement And Supply Chain Management Software
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Which firms are leading the construction software market?
Major companies operating in the construction software market are Microsoft Corporation, Oracle Corporation, Intuit Inc., Autodesk Inc., Constellation Software Inc., Trimble Inc., Sage Group plc, Bentley Systems Inc., Nemetschek Group, Jonas Construction Software Inc., Procore Technologies Inc., ConstructConnect Inc., Buildertrend Solutions Inc., Computer Methods International Corp. (CMiC), InEight Inc., Heavy Construction Systems Specialists Inc. (HCSS), STACK Construction Technologies Inc., Fieldwire, Bridgit Inc., Plexxis Software Inc., CoConstruct LLC, Corecon Technologies Inc., Esticom Inc.
How will industry trends affect the trajectory of the construction software market?
Major companies operating in the construction software market are focused on developing innovative solutions, such as easy-to-use building construction software, to enhance efficiency and productivity in the construction industry. Easy-to-use building construction software is intuitive interfaces and features for designing, planning, and managing construction projects, streamlining workflows for architects, engineers, and contractors. For instance, in April 2023, Topcon Positioning Systems Inc., a US-based precision positioning technology solution company, launched Digital Layout, an intuitive building construction software designed to help more contractors adopt a digital layout workflow, boosting efficiency, accuracy, and productivity. This software is meticulously designed to provide a distinct advantage in the dynamic field of building construction, serving a wide range of professionals, including general contractors, concrete contractors, MEP contractors, steel erectors, fire suppression companies, and more. It fully supports 2D, 3D, and BIM workflows, operating efficiently on Microsoft Windows and Android systems.
Which geographic trends are shaping the construction software market, and which region has the highest market share?
North America was the largest region in the construction software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Construction Software Market Report 2025 Offer?
The construction 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 software refers to a suite of digital tools and applications designed to facilitate and streamline various aspects of the construction industry, including project management, design, budgeting, scheduling, and communication. This software is used by construction professionals such as project managers, architects, engineers, and contractors to improve efficiency, collaboration, and accuracy in construction projects.
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