Global Construction Project Management Software Market Overview:
Construction project management software is a tool used by professionals to simplify construction management processes such as budget management, communication, decision-making, and job scheduling. It helps to streamline day to day tasks to improve the delivery of projects. It also helps to create documents faster digitally. It is designed digitalize and automate workflows. With the help of construction project management software companies can improve their bottom line while improving their relationships with clients. It is must to understand construction management software well so that contactors can determine proper and trusted methods to improve their business.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increased Automation in the Industries
Market Growth Drivers:
High Benefits such as Real-time communication and collaboration, Budget management and accounting, Resources management and Business expansion, Increased Adoption of Construction Management Software and Rise In the Construction Management Solutions
Challenges:
Execution Issues When Relying On Automated Alerts and Project Management Software May Complicate Simple Projects
Restraints:
Software Fails to Help Contractors Analyze Productivity and High Cost of Some Programs
Opportunities:
Growing Popularity among Builders and Rise in the Construction Industry Worldwide
Competitive Landscape:
Some of the key players profiled in the report are Autodesk Inc. (United States), Bentley Systems Inc. (United States), Computer Methods International Corp. (Canada), ConstructConnect Inc. (United States), Odoo S.A (Belgium), Oracle Corporation (United States), Procore Technologies Inc. (United States), Sage Group Plc (United Kingdom), Viewpoint, Inc. (United States) and Fieldwire (United States). Additionally, following companies can also be profiled that are part of our coverage like Glodon Software (China). Analyst at AMA Research see United States Players to retain maximum share of Global Construction Project Management Software market by 2027. Considering Market by Function, the sub-segment i.e. Construction Planning will boost the Construction Project Management Software market. Considering Market by Enterprise, the sub-segment i.e. Small and Medium Enterprises will boost the Construction Project Management Software market. Considering Market by Pricing Model, the sub-segment i.e. Subscription (Annual, Monthly, Quarterly) will boost the Construction Project Management Software market.
On 24th May 2018, ConstructConnect, a leading provider of construction information, technology solutions and the developer of the iSqFt platform has announced the acquisition of SmartBid from JBKnowledge.
What Can be Explored with the Construction Project Management Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Construction Project Management Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Construction Project Management Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Construction Project Management Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Construction Project Management Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Construction Project Management Software Developers, Research Professionals, Emerging Companies, Government Body & Associations and End-user.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.