About Contractor Management Software
The global Contractor Management Software market is expected to witness high demand in the forecasted period due to increasing demand for agile contractor management. The advent of technology has also brought a positive change in Contractor management and issues pertaining to it. The ever-growing scope of construction has increased the value of the software helps in maintaining the contractor management business. The contractor management software has not only decreased the workload but is also helping the contractors to generate valuable profit.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
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 Contractor Management 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), Deltek (United Kingdom), JobProgress (United States), CAMMS (United Kingdom), Initiafy (Ireland), Improveit 360 (United States), Tiempo Labs (United States), Clarizen (United States) and BROWZ LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Visitor Management System (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Contractor Management Software market by and Region.
On the basis of geography, the market of Contractor Management 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 2021. 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 Contractor Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Automotive will boost the Contractor Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering , the sub-segment i.e. Licensing & Subscription will boost the Contractor Management 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. SMEs will boost the Contractor Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Contractor Management Software Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Project Efficiency and Help in Mobilizing Project Communication and Documentation
- High Demand for Maintaining the Accountability
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Influencing Trends | - High Demand for the Cloud-Based Solutions
- Growing Adoption for Construction Business
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Restraints | - Technological Complexities Related to the Contractor Management Software
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Road Blocks / Challenges | - Increased Threat of Cyberattacks
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Gaps & Opportunities | - The Rising Demand due to Growing Construction Industry in Developing Countries
- Technological Advancement associated with the Contractor Management Software such as Automation with AI and MI
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Market Leaders and their expansionary development strategies
On 10th September 2019, Procore Technologies, Inc., a leading provider of construction management software, is expanding its solutions into the preconstruction process with the introduction of two new products, Procore Bid Management and Procore Prequalification.
On 19th August 2019, Deltek, the leading global provider of software and solutions for project-based businesses, announced today that it has completed its acquisition of ComputerEase the standard in construction accounting, project management, and field management software for contractors.
Key Target Audience
Contractor Management Software Providers, Government Regulatory Bodies, Private Research Organizations, Government 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.