Construction Software Market - Regional Analysis
North America Market Insights
The North America construction software market is projected to account for 37.5% of the global revenue share through 2037. The robust investments in the construction sector, both residential and commercial, are set to open lucrative doors for construction software manufacturers. In 2022, the housing completions increased by around 6.0% in the U.S., according to the Census Bureau. The supportive government regulations and programs, including the U.S. Bipartisan Infrastructure and Innovation and Canada’s Science and Economic Development (ISED), are accelerating modernization in the construction sector.
The market for construction software in the U.S. is estimated to be valued at USD 6.3 billion by 2037. Ahead in new technology adoption, the country is poised to drive the sales of construction software solutions in the years ahead. The U.S. Census Bureau underscores that in 2023, over 7.5 million employees in the construction sector were using software solutions to increase their efficiency. The ongoing and planned public investments in the construction sector are also contributing to the smart tech solution sales.
Canada is expected to witness a high demand for construction-based cloud and project management solutions in the coming years. Swiftly increasing construction projects in the country are accelerating the demand for innovative software solutions to boost productivity and efficiency. The analysis by Statistics Canada projects that around 9.3% growth in the construction contracts was registered in 2024. Furthermore, the government’s funding support for modern construction technologies is backing the overall market growth. In 2023, the ISED of Canada allowed nearly USD 199.5 million of 5G innovation grants to support digital construction.
APAC Market Insights
The Asia Pacific construction software market is set to expand at the fastest CAGR between 2025 to 2037. The increasing government spending on infrastructure development projects is estimated to fuel the demand for construction software solutions. The digitalization trend in China, India, South Korea, and Japan is likely to offer high revenue-generating opportunities to construction software companies in the years ahead. The positive foreign direct investments in the tech and construction sectors are projected to propel the overall market growth in the Asia Pacific countries.
The heavy public investments in the ICT infrastructure are set to drive innovations in the construction software technologies in China. The active support of the Ministry of Industry and Information Technology (MIIT) is estimated to offer double-digit percent revenue growth opportunities to construction software companies. Overall, the Research Nester’s study states that the rapid space urbanization and industrialization in the country registered over 11.0% growth in construction-tech spending in the last 5 years.
The smart city projects and digital infrastructure developments are generating profitable opportunities for construction software producers in India. The rail, airport, and road infrastructure growth is emerging as a significant trend in the construction software production. Supportive government policies and foreign direct investments are poised to positively fuel the market shares of construction software producers. The India Brand Equity Foundation (IBEF) study estimates that the FDI in the construction development and activity sectors totaled USD 27.7 billion and USD 35.2 billion, between April 2000 and September 2024.
