Construction Software Market Segmentation:
Deployment Type Segment Analysis
The cloud-based segment is anticipated to capture 63.2% of the global construction software market share by 2037, owing to its long-term cost benefits and versatility. According to the General Services Administration (GSA), the cloud-based construction software solutions boost the security and efficiency of federal projects. The backing from the government entities is projected to increase the importance and adoption of construction software during the foreseeable period. Furthermore, the report by the Construction Industry Institute (CII) highlights that cloud technologies have the potential to mitigate the cost of hardware. The same source also states that nearly 86.5% of the contractors are planning to use cloud software solutions in their construction projects.
Application Segment Analysis
The project management segment is foreseen to hold 45.1% throughout the forecast period. The need to reduce human error and enhance the outcome, the majority of constructors are investing in project management technologies. The National Institute of Building Sciences (NIBS) underscores that the use of building information modeling with other technologies, including cloud platforms, increases the interoperability and productivity. The robust growth in the smart infrastructure activities worldwide is estimated to double the revenues of construction service producers during the foreseeable period.
Our in-depth analysis of the construction software market includes the following segments:
|
Segment |
Subsegment |
|
Deployment Type |
|
|
Application |
|
|
End user |
|
