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Construction Punch List Software Market Trends

Report ID: GMI9028
Published Date: Apr 2024
Report Format: PDF

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Construction Punch List Software Market Trends

Cloud-based punch list software enables project data to be accessed from anywhere at any time. It improves project visibility and control by enabling easy communication between project stakeholders, real-time updates, and automatic backups. Punch list software is increasingly being designed with integration with Building Information Modeling (BIM) and other construction management technologies. This integration boosts project efficiency, facilitates data sharing, and improves collaboration between the design and construction teams.

The integration of construction punch list and BIM software is an ongoing trend in the market and various countries are making BIM mandatory for construction projects. For instance, from 2023, only BIM Level 2 certified businesses were eligible to work on government projects in the UK. The central government's adoption of BIM has motivated local businesses to accelerate their implementation efforts. In other European countries including Germany, France, and Denmark, BIM is a required process for government projects or university curricula. In Singapore, the Building and Building Authority (BCA) has made it essential to submit BIM designs to receive regulatory permission for any type of building.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of construction punch list software was reached USD 565 million in 2023 and is estimated to register 8.5% CAGR between 2024 and 2032, driven by the growing construction and infrastructure industry.

The cloud segment held over 60% share of the construction punch list software market in 2023 and is expected to reach over USD 750 million by 2032, favored by the flexibility to manage either one project or multiple projects simultaneously.

North America construction punch list software market accounted for a revenue share of 36% in 2023, owing to increasing adoption of technology to improve collaboration, communication, and overall project efficiency.

Alpha Software Corporation, Autodesk Inc., Buildertrend, Deltek Inc., Fieldwire, Oracle Corporation, Procore Technologies Inc., Strata Systems, Trimble (Viewpoint Inc.) and UDA Technologies Inc.