Global Construction Estimating Software Market Overview:
Construction estimation software, a set of programs, information and process, is utilized to enhance the speed and calculate the total cost of a project related to construction. The software also automates the formulations and provides the real cost estimation of the venture to the customers, in order to enhance the profitability and offering procedure, and effective in time management
As per latest study released by AMA Research, the Global Construction Estimating Software market is expected to see growth rate of 10.9%Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
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:
Rapid adoption of cloud-based construction estimation software and Increase in construction projects in APAC region
Market Growth Drivers:
Increasing investments in infrastructure development in both developed and developing countries and Emergence of smart cities across the globe especially in emerging economies such as India, China, Brazil
Challenges:
Surging threat from low-cost service providers and Threat from open-source construction estimation software
Restraints:
Forthright and high repeating expense
Opportunities:
Increase in real estate developments in Middle East region and Emergence of mega-urban regions
Competitive Landscape:
Some of the key players profiled in the report are UDA Technologies (United States), Bluebeam (United States), RedTeam (United States), Microsoft (United States), Causeway Technologies (United Kingdom), Cordell Information (Australia), Sage Software (United States), Viewpoint (United Kingdom), ConstructConnect Inc. (United States), FastEST Inc. (United States), Vision InfoSoft (United States), QuoteSoft (United States) and eTakeoff (United States). Additionally, following companies can also be profiled that are part of our coverage like ProEst (United States), BuildingConnected (United States), PrioSoft (United States), Advanced Electrical Technologies (United States) and AppliCad (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Construction Estimating Software market by 2028. Considering Market by Pricing, the sub-segment i.e. Monthly Subscription will boost the Construction Estimating Software market. Considering Market by End-User, the sub-segment i.e. Estimators will boost the Construction Estimating Software market. Considering Market by Deployment Model, the sub-segment i.e. On-Premises will boost the Construction Estimating Software market.
In January 2019, UDA Technologies 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. and In November 2018, Bluebeam Inc., leading developer of innovative technology solutions for the global architectural, engineering and construction (AEC) industries, and part of the Nemetschek Group, announced the formation of a German subsidiary to better serve customers and strategically advance its overall investment and presence across the region.
What Can be Explored with the Construction Estimating Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Construction Estimating Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Construction Estimating 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 Estimating 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 Estimating 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.
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.