Global Cost Estimating Software Market Overview:
Cost estimating software is a tool to predict the total cost incurred in a particular project. Various costs which are estimated using cost estimation software include labor, materials, equipment, software, services, and contingency costs among others. It is an iterative process in which approximation of monetary resources are calculated in order to reduce the chances of failure of projects. Additionally, such software provide a competitive edge to the project managers in highly unpredictable scenario. Some of the players profiled in the study are Oracle (United States), Verenia (United States), KBMAX (United States), PandaDoc (United States), Qwilr (Australia), Vendavo (United States), Prisync (Turkey) and Pricefx (Czechia).
On the basis of geography, the market of Cost Estimating 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 Enterprise Size, the sub-segment i.e. Large Enterprises will boost the Cost Estimating Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Type, the sub-segment i.e. On-premise will boost the Cost Estimating Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Mining Industry will boost the Cost Estimating Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Need to Accurately Estimate the Cost of Projects in Order to Reduce Related Expenses
Influencing Trend
- Growing Adoption of Cost Estimating Software in Construction Industry
- Integration with Existing Technology such as Building Information Modeling (BIM)
Restraints
- Growing Adoption of Open-source Cost Estimation Software
- Issues Associated with Accuracy of Cost Estimation Software
Opportunities
- Growing Infrastructural Development in Emerging Countries
Challenges
- Issue Related with Interoperability with the Use of Cost Estimation Software Across Different Industry Verticals
- Continuous Up-gradation of Cost Estimation Software with Changing Technologies
Target Audience:
Cost Estimating Software Provider, End-users Industries, System Integrators, Market and Research Firms, Government Agencies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Cost Estimating Software market on the basis of product [] , application [], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Cost Estimating Software market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Cost Estimating Software industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are ACCA software (Italy), AppliCad (Australia), Bidding Professionals LLC (United States), Bluebeam, Inc (United States), JBKnowledge, Inc. (United States), eTakeoff (United States) and FastEST, Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Cost Estimating Software market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.