The article cited AMA's Global Construction software Market Study explored substantial growth with CAGR of 8.9%. According to the study, Rapid Adoption of Cloud-Based Construction Software
is one of the primary growth factors for the market. Growing Investments in Infrastructure Development Globally
is also expected to contribute significantly to the Construction software market. Overall, Commercial Construction
applications of Construction software, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Procore Technologies, Inc (United States), Oracle Corporation (United States), UDA Technologies (United States), Viewpoint Inc. (A Trimble Inc. Company) (United States), Buildertrend (United States), CMiC (Canada), Sage Software (United States), Co-construct (United States), e-Builder Inc. (United States), Yonyou (China), Jonas Construction Software Inc. (Canada) and Dongying Jinshi Software Co., Ltd. (China) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Construction software market identified that the demand is rising in many different parts of the world as "Increase in Real Estate Developments in the Middle East Region
". Furthermore, some recent industry insights like "In January 2019, UDA Technologies has released ConstructionSuite 10, the latest version of their award-winning construction management software suite. ConstructionSuite 10 introduces a brand-new, streamlined interface, along with many powerful upgrades to UDA’s industry-acclaimed project management tools." is constantly making the industry dynamic. One of the challenges that industry facing is "High and Upfront Recurring Cost of the Software, Threat from Open-Source Construction Software and Scarcity of Skilled Labour in Various Geographic Regions"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Construction software market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Construction software market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Construction software market tight? Which application/end-user category or Product Type [PC-Based Software, Mobile-Based Software and Cloud-Based Software] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Construction software market and other related sub-markets covered in the study.
o Key & emerging players in the Construction software market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Construction software market size is calculated using market estimation process, the Construction software market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Construction software market size has been validated using both top-down and bottom-up approaches.