About Construction ERP Software
The construction ERP software is an enterprise resource planning tool that caters to the construction industry, it provides the technology with an integrated system. This software is widely used by the general contractors, subcontractors, engineers, etc offering features like financial management, construction accounting, payroll, and service in one central database.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. 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 NetSuite ERP (United States), Penta Technologies, Inc. (United States), Procore Technologies (United States), Viewpoint, Inc. (United States), CMiC (Canada), Sage Group plc (United Kingdom), Epicor Software Corporation (United States), UDA Technologies (United States), Cosmo Consult (United States), Hyphen Solutions, Ltd. (United States), Corecon Technologies, Inc. (United States), Microsoft Dynamics (United States) and Constellation HomeBuilder Systems, Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are e-Builder, Inc. (United States) and Chetu Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Construction ERP Software market by , Application (Small-medium Enterprise and Large Enterprises) and Region.
On the basis of geography, the market of Construction ERP 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 Platform, the sub-segment i.e. PC will boost the Construction ERP Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Construction ERP Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. CAD Interface will boost the Construction ERP Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Contractors will boost the Construction ERP Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging IoT and Big Data Analytics in Construction ERP Software
Market Growth Drivers:
Need for the Efficiency and Effective Project Control For Proper Construction Project Management and Rising Number of Construction Projects
Challenges:
Technical Errors and Issues with Connectivity
Restraints:
Requirements of Skilled Professionals for Operation of Construction ERP Software
Opportunities:
Surging Investment in Construction Industry will Boost the Construction ERP Software Industry
Market Leaders and their expansionary development strategies
On 28th May 2020, Constellation HomeBuilder Systems, the largest provider of home building software solutions and services, has acquired LandDev, a leading cloud-based software system for commercial and residential real estate land developers. With many of its most notable customers already using LandDev, the acquisition will allow Constellation HomeBuilder Systems to expand deeper into the construction process.
On 15th July 2019, Microsoft Dynamics practice, Netsmartz, LLC completes a strategic acquisition to expand the diverse portfolio of customers and technology solutions built on the Microsoft Dynamics 365 framework. The acquisition of the Microsoft Dynamics practice of the Gemko Information Group, LLC, and industry-leading construction ERP software ‘ProjectPro’ provides a promising opportunity to Netsmartz LLC to provide top-notch service to existing and new clients. and In March 2022, SoftTech Engineers Limited has launched of an exclusive Cloud-powered and AI-driven Construction ERP based on the SaaS Model that is aimed at driving digital transformation in the AEC (Architecture, Engineering and Construction) industry across India.
Key Target Audience
Construction ERP Software Developers, Construction ERP Software International Traders, Construction ERP Software Distributors and Suppliers, Research and Development Institutes, Potential Investors, 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.