About Construction Suites Software
The global Construction Suites Software is expected to witness high demand in the forecasted period due to the growing construction industry across the world, especially in developing countries. The Construction Suites Software is used in 3D format for construction projects of buildings, railways, and Roads. It provides digital database solutions to capture, manage and present building information modeling solutions. Also, it provides flexibility to modify or change the building design managed by software throughout the project life cycle.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Construction Suites 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.
Procore (United States), Autodesk Inc (United States), Viewpoint, Inc (United States), BuilderTREND (United States), UDA Corporate (United States), CMiC (Canada), Corecon (United States), Jonas Software (United States), Oracle (United States) and RedTeam (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Constellation HomeBuilder Systems, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Construction Suites Software market by , Application (General Contractors, Building Owners, Independent Construction Manager and Sub Contractors) and Region.
On the basis of geography, the market of Construction Suites 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. Cloud-Based will boost the Construction Suites Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size , the sub-segment i.e. Large Enterprises will boost the Construction Suites Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption due to Cloud-Based Solutions and Continued Investment in AI, and Advanced Technologies
Market Growth Drivers:
The Increase Demand Productivity and Efficiency and High Demand due to Improved Quality and Integration
Challenges:
Lack of Skilled and Technical Expertise
Restraints:
Technological Complexities in Construction Suites Software and High Cost Associated with Construction Suites Software
Opportunities:
The Increasing Demand due to Technological Advancements and Increasing Construction Industry across the Developing Countries
Market Leaders and their expansionary development strategies
In October 2019, Procore Technologies, Inc., a leading provider of construction management software has welcomed over 4,000 construction professionals to Groundbreak, the company's annual conference that brings together everyone in construction for three days of networking, learning, and innovation., , In October 2023, Hilti has acquired of construction software company, 4PS group. and The acquisition of 4PS, which specialises in providing business process management software for the construction industry,
On 16th July 2019, Procore Technologies, Inc., a leading provider of construction management software has announced entered an agreement to acquire Honest Buildings, Inc., a leading provider of project management software for owners and developers. and In April 2024, At a large event during SXSW dubbed “Domus Ex Machina” ICON, the pioneer of advanced construction technologies and large-scale 3D printing, announced a new suite of products and technologies designed to further automate construction including a radical new robotic printer that enables multi-story construction, a new low-carbon building material, a digital catalog for residential architecture with more than 60 ready-to-build home designs, and an AI Architect for home design and construction.
Key Target Audience
Construction Suites Software Providers, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations 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.