Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Construction Software Market size was valued at USD 3.68 billion in 2024 and is likely to cross USD 11.83 billion by 2037, registering more than 9.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of construction software is estimated at USD 3.97 billion.
The growth of the market can be attributed to the growing requirements for large-scale project management, and ongoing research and development activities to design improved versions of the software. Along with these, rising application areas of lean management in the construction industry, and escalating investments to enhance the productivity of the companies are also expected to drive significant growth to the market in the forthcoming years. Furthermore, surge in adoption of cloud-based solutions, and increasing private and public investments in the construction sector are projected to offer profitable opportunities to the market in the near future. As of 2021, more than 80 percent of the organizations have adopted a multi-cloud strategy. Whereas, about 65 percent of the organizations operate on cloud-based environments.
Construction Software Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Requirements for Large-Scale Project Management
- Ongoing Research and Development Activities to Design Improved Versions of the Software
Challenges
- Interoperability Issues Associated with the Construction Software
Construction Software Market: Key Insights
Construction Software Segmentation
The market is segmented by end user into builders, technology innovators, researchers, distribution vendors, and government, out of which, the technology innovators segment is anticipated to observe notable growth in the global construction software market. This can be accounted to the high usage of the product by technology innovators to plan, design and collaborate during construction lifecycle. Apart from this, construction software helps sub-contractors connect with designers and provide an accurate visual representation to the sub-contractor for validating costs, which is another factor predicted to boost the growth of the market segment in the future. Additionally, on the basis of deployment, the cloud segment is assessed to occupy the largest share during the forecast period owing to the high scalability, flexibility and cost-effectiveness of cloud computing. Moreover, the increasing advancements towards construction 4.0 is also expected to significantly drive the growth of the segment during the forecast period.
Our in-depth analysis of the global market includes the following segments:
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By Deployment |
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By End User |
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Customize this ReportConstruction Software Industry - Regional Synopsis
On the basis of geographical analysis, the global construction software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Europe industry is set to account for largest revenue share by 2037, attributed to growing technological innovations in the IT sector, and increasing activities for infrastructural development in the region. Moreover, the market in North America is evaluated to grab the largest share during the forecast period, which can be credited to the high volume of construction projects, and early adoption of technology. On an average, more than 1 million new housing units are planned every year in the United States. The construction industry represents about 4 percent of the total GDP of the country. In addition, strong presence of market players is also anticipated to boost the region’s market growth in the coming years.
Companies Dominating the Construction Software Landscape
- Sage Group Plc
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Oracle Corporation
- Constellation Software, Inc.
- Comprotex Software Inc.
- Autodesk Inc.
- Bentley Systems Inc.
- Buildertrend Solutions Inc.
- ConstructConnect Inc.
- Odoo SA
- Trimble, Inc.
In the News
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October 2021- Sage Group announced its selection to the Associated Builders and Contractors Tech Alliance, which is a consortium of firms that creates construction technology and innovative solutions.
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February 2021- Oracle launched Oracle Construction Intelligent Cloud Service, a suite of AI and analytics application for the engineering and construction industry.
Author Credits: Abhishek Verma
- Report ID: 3726
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
