Construction Software Market Share

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. The market in Europe industry is estimated to dominate majority revenue share by 2036, 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.