Construction Management Software Market Dynamics, Application Share, Growth, Vendor Competition, Trends and Forecast 2018-2025
The global construction management software market size is anticipated to grow significantly by registering a revenue of xx.xx Million by the end of 2025, growing at a positive CAGR of x.x% during the forecast period of 2018-2025.
It is identified that growing requirement for large-scale project management is driving the market growth. Construction management software provides abundant benefits such as projecting profitability, process management and automation. For example, with help of construction management software, the revenue possibilities increase rapidly by calculating running reports and conversion ratios, thus lessening the overall operating time.
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“Organizations are focusing on cultivating and managing the resources necessary for efficient product outputs, which increases the requirement for large-scale construction project management solutions. The primary purpose of construction management software is to automate processes to ensure maximum outputs are achieved by managing resources and maintaining a regular follow-up,” says a senior research analyst at renowned research institute.
The main factor driving the global construction management software market is the growing requirements for large-scale project management. Currently, organizations are emphasizing on managing and cultivating the resources essential for efficient product outputs, which surges the requirements for large-scale construction management solutions. The arrival automation trend in processes will ensure most outputs by handling resources and keeping a regular follow-up is the main purpose of the global construction management software.
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Geographically, the region where global construction management software is dominant, is Asia-Pacific. In that region, China, India and Southeast Asian regions are fastest growing regions. The US construction management software market, especially North America is expected to play vital role which cannot be ignored. Any development or alteration in the United States will entirely affect the development trend of Construction Management Software Market.
The application of construction project management software is mainly at four places: Independent Construction Managers, General Contractors, Sub-Contractors and Building Owners. Building Owners and General Contractors are the most application which takes up about more than half share of the global total in year 2016. Based on platform types, construction management software can be classified into three types: installed-mobile, installed-PC and cloud (web, SaaS) based. The installed-PC is widely used platform. Cloud (web, SaaS) and installed-mobile based type is rising faster.
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Market players are striving to integrate construction management software, with other types of accounting and estimation software for handling the construction business. The software players are helping the integration by taking help of professional software teams that consists of experts. The motive behind this type of integration is to enhance sub-contractors productivity and escalate profits. Some of the major key suppliers of global construction management software are e-Builder, Oracle, Procore, Sage, GLODON, Aconex Ltd, Buildertrend, Odoo S.A, Microsoft, and Jiansoft.
“The integrated construction management software allows players to purchase orders, change orders, as well as pull and populate employees. It can handle material costs, cost codes, and contacts. This integrated software significantly enhances the communication between the accounting staff and employees who are in the field,” says a senior analyst at renowned research institution.
Key segments of ‘Global Construction Management Software Market’
Based on end-user, the market has been segmented into,
• Builders and contractors • Construction managers • Engineers and architects
Based on applications, the market has been segmented into, • General contractors • Building owners • Independent construction managers • Sub-contractors
Based on end-user, the market has been segmented into, • North America (USA, Canada and Mexico) • Europe (Germany, France, UK, Russia and Italy) • Asia-Pacific (China, Japan, Korea, India and Southeast Asia) • South America (Brazil, Argentina, Columbia etc.) • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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