Construction Software Market Outlook:
Construction Software Market size was USD 11.3 billion in 2024 and is estimated to reach USD 34.2 billion by the end of 2037, expanding at a CAGR of 8.9% during the forecast period, i.e., 2025-2037. In 2025, the industry size of construction software is evaluated at USD 12.3 billion.
The increasing adoption of modern technologies in construction and infrastructure projects is estimated to fuel the adoption of advanced software technologies. The production and supply of construction software technologies are directly proportional to the wider building and IT services field. The supply chain changes have the potential to impact the overall market growth. The U.S. Bureau of Labor Statistics (BLS) states that in 2023, the Producer Price Index (PPI) for construction machinery manufacturing increased by 5.7% YoY. This highlighted the rise in capital goods necessary for software and hardware employment. Also, the Consumer Price Index (CPI) registered a hike of 4.2%, particularly for housing-related IT services. This underlined the increasing need for digital technologies in the construction and infrastructure development projects.
The investment strategies by the government entities are creating a lucrative space for construction software manufacturers. For instance, in 2021, more than USD 1.15 trillion was allocated by the U.S. government under the Infrastructure Investment and Jobs Act (IIJA) for the production of advanced construction technologies. Such allocation of funds for the construction technology sector is contributing to the overall market growth. Furthermore, the increasing global trade for smart construction technologies is expected to open new avenues for leading companies. For instance, in 2023, the U.S. Census Bureau trade data revealed that the construction-related imports of sensors, networking tools, and smart IoT components increased by around 6.9%. Germany, Australia, Canada, and the U.S. are expected to register high demand for advanced construction software solutions in the years ahead.
