About Capital Project Management Software
Capital project management software manages operations and costs in connection with capital projects (long-term capital-intensive projects). Large companies can use this type of software to define, plan, and monitor all the activities required to create and manage capital assets. Capital project management is mainly used by large companies in industries such as construction and infrastructure management, but can also be used by manufacturers and retailers to build facilities such as factories and distribution centers. Capital project management is supplied as standalone software or as a variation of the project and portfolio management software or the construction management software. This type of software can be integrated for financial purposes into ERP systems and accounting software as well as into the core software for personnel and personnel management in order to manage the employees involved in capital projects. In order to qualify for inclusion in the capital project management category, a product must provide a central repository with project information from multiple sources, contain project and portfolio management functions for capital projects, manage budgets for complex projects and compare them with actual costs, as well as visibility across different areas projects, portfolios and business areas improve and deliver business processes to improve collaboration and productivity.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Capital Project Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Oracle Corporation (United States), Dude Solutions (United States), Sciforma (France), Accruent, LLC (United States), AssetWorks, LLC (United States), Aurigo Software Technologies, Inc. (United States), CapitalSoft Inc. (India), Intergraph (United States), ARES Project Management LLC (United States), Finario (United States) and Planisware (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are BuildCentral Inc. (United States) and Safran software (Norway).
Segmentation Overview
AMA Research has segmented the market of Global Capital Project Management Software market by Type (Cloud-Based and Web-Based), Application (Document Control, Tracking Multiple Projects, Reporting and Accounting, Communication between Managers and Contractors, Work Order and Inventory Management and Customer Relationship Database) and Region.
On the basis of geography, the market of Capital Project Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Small and Medium-Sized Enterprises (SMEs) will boost the Capital Project Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Windows will boost the Capital Project Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Subscription Type, the sub-segment i.e. Monthly Subscription will boost the Capital Project Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device Used, the sub-segment i.e. Tablets will boost the Capital Project Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth in the Use of Cloud-Based Platforms and Ease of Use and Implementation of the Capital Project Management Software
Market Growth Drivers:
Increased Numerous Applications of Capital Project Management Software, High Demand Due to the Ability to Provide High Quality, Rapid, Accurate, Real-time Data, Increase in the Automating of the Administrative Tasks in Companies and Increasing Use of Capital Project Management Software in Small and Medium-Sized Enterprises
Challenges:
Availability of New Advanced Technologies, Risk of Virus Might Hinder the Capital Project Management Software and Demand for High-End Processors
Restraints:
Specific Data Processing for Specific Software, Technological Complications Associated with the Software and High Costs of Installation and Internet Connectivity Issues
Opportunities:
Increasing Technological Advancements Taking Place All Around the Globe, Technological Upgradation in Capital Project Management Software and Growing Demand from End-user Industry
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Key Target Audience
Service Providers of Capital Project Management Software, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.