Construction Management Software Market Size By Deployment (On-premise, Cloud), By Building Type (Commercial, Residential), By Application (Project Management & Scheduling, Safety & Reporting, Project Design, Field Service Management, Cost Accounting), End-User & Forecast, 2023 - 2032

Construction Management Software Industry Analysis

Construction Management Software Market size surpassed USD 5 billion in 2022 and is anticipated to grow at 8% CAGR from 2023 to 2032 driven by the government initiatives for large commercial projects.
 

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The adoption of cloud-based technology in management software adds value to the construction management process, yielding significant long-term benefits. Awareness about the technology and the willingness to adopt it are some of the long-term benefits. Cloud-based technology is in high demand due to the increased need for digitalization in construction projects, fueling the industry growth.

The construction management software market is expected to expand rapidly during 2023-2032 owing to an increase in the demand for construction management software among end users. In the current scenario, the demand for open-source software has increased in tandem with the growing need for digitalization. Open-source vendors provide a diverse set of business analytics tools and applications. These types of feature-rich software are easily accessible via the internet. As a result, many small & emerging businesses use them as the cost of purchasing and licensing commercial software is prohibitively expensive, limiting market growth. In addition, a scarcity of skilled operators is expected to restrain the development in the long run.
 

COVID-19 Impacts

COVID-19 had a positive impact on the construction management software industry. As a result of the pandemic, several construction and interior design firms have started offering virtual tours of their spaces to clients looking for design services. This allows stakeholders & investors in construction projects to have a clear picture of the project, promoting the construction and design software sector growth.
 

Construction Management Software Industry Trends

The increasing construction management software market demand is attributed to the ongoing large-scale development projects around the world, which will drive business expansion in the future. The implementation of IoT and AI is also expected to provide lucrative market opportunities. Using AI and IoT in construction management can provide numerous benefits to the overall market. In addition, the growing importance of lean management is propelling business growth.
 

Construction Management Software Building Type Segmentation

The commercial buildings segment held a market share of over 60% in 2022 and is expected to grow at a lucrative pace by 2032 due to an increase in the use of construction management software in commercial building construction. Furthermore, the increased emphasis on sustainable development is propelling the preference for green commercial buildings among occupiers and developers. As a result, the increased use of construction-based software and the growing commercial building sector will drive sector growth.
 

Construction Management Software Application Segmentation

The project design sector captured 20% of the construction management software market share in 2022 and is expected to witness 10% growth between 2023 and 2032. The project design segment plays a significant role in the business scenario by providing essential functionalities & benefits for construction project planning, design, and execution. The project design also drives efficiency, collaboration, risk mitigation, and productivity across the construction lifecycle. By providing advanced design capabilities and integration with project management features, these applications contribute to the growth and adoption of construction management software solutions in the industry.
 

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Construction Management Software End-User Segmentation

The builders & contractors segment crossed a market value of USD 2.5 billion in 2022. Construction management software standardizes the construction process by enabling the efficient & streamlined management of labor, site events, data capture, and information & material costs. Contractors can increase the profitability and efficiency of their projects by implementing this software. To deliver high-quality work, contractors and subcontractors require efficient management solutions. A busy contractor can use the features of construction management software to improve the project and the team's overall performance.
 

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Construction Management Software Regional Analysis

North America construction management software market dominated 35% of the global share in 2022 owing to increased awareness and the government's emphasis on the use of construction management software. Engineers, builders, architects, and builders are rapidly accepting digital systems in the infrastructure domain and BIM. As a result, the government's role in increasing software utilization due to higher quality construction projects combined with digitalization will drive the regional business growth.
 

Construction Management Software Industry Leaders

Some of the major players operating in the construction management software industry are Autodesk Inc., Bentley Systems, Inc., Oracle Corporation, Trimble, Inc, Procore Technologies, Sage Group plc, Jonas Construction Software, E-Builder, Inc., and Cmic. These players focus on strategic partnerships and new deployment launches & commercialization for market expansion. Furthermore, these players are heavily investing in research, allowing them to introduce innovative solutions and garner maximum revenue in the market.
 

Construction Management Software Industry News:

• In November 2022, Bentley Systems, Incorporated released the SYNCHRO Cost and SYNCHRO Perform applications, which are the most recent additions to its SYNCHRO construction management solution. This expansion of SYNCHRO's industry-leading 4D scheduling and project management solutions includes more capabilities to assist contractors in cost control and effectively connecting the tracking & planning of schedules and costs.
   
• In September 2022, ConstructConnect collaborated with Togal.AI, Inc., a software company, to expand the use of artificial intelligence & machine learning in non-residential pre-construction. Through this move, ConstructConnect will be able to reduce time-consuming activities performed by estimators, thus allowing it to focus more on high-value tasks and projects to achieve accuracy in estimates & bids.
   

This construction management software market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Deployment

• On-premise
• Cloud

Market, By Building Type

• Commercial Buildings
• Residential Buildings

Market, By Application

• Project Management & Scheduling
• Safety & Reporting
• Project Design
• Field Service Management
• Cost Accounting
• Others

Market, By End-Use

• Builders & Contractors
• Construction Managers
• Engineers & Architects

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ

• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa