Global Construction Software Market Overview 2024: Size, Growth Rate, and Segments

The construction software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Construction Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

The construction software market size has grown rapidly in recent years. It will grow from $3.61 billion in 2023 to $4.06 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. 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 $6.54 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. 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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Scope Of Construction Software Market

The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Construction Software Market Overview

Market Drivers –

The construction software market size has grown rapidly in recent years. It will grow from $3.61 billion in 2023 to $4.06 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. 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 $6.54 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. 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.

Market Trends –

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.

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

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Regional Insights –

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.

Key Companies –

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.

Table of Contents

1. Executive Summary
2. Construction Software Market Characteristics
3. Construction Software Market Trends And Strategies
4. Construction Software Market – Macro Economic Scenario
5. Global Construction Software Market Size and Growth
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32. Global Construction Software Market Competitive Benchmarking
33. Global Construction Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Construction Software Market
35. Construction Software Market Future Outlook and Potential Analysis
36. Appendix

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