Introduction
The global construction software market is expected to generate revenue of around $13 billion by 2029, growing at a CAGR of close to 11% during the forecast period. The increasing need for efficient project management and collaboration among construction stakeholders is one of the key factors driving the growth of the construction software market. The construction industry is undergoing a digital transformation with the adoption of various advanced technologies such as Building Information Modeling (BIM), drones, and 3D printing. These technologies are helping construction firms to improve project delivery, reduce costs, and ensure regulatory compliance.
Market Overview
The global construction software market is expected to grow at a CAGR of xx% during the forecast period from 2022 to 2029. The report segments the market by applications, end-users, and regions.
The global construction software market is categorized into two major segments, namely, application and end-user. Construction software finds its applications in project management, asset management, field management, and accounting & finance. Among these applications, project management stood as the leading application segment in the global construction software market in 2021 with a share of xx%. This segment is further classified into the pre-construction phase, construction phase, and post-construction phase. The increasing demand for efficient project management tools is anticipated to drive the growth of this segment during the forecast period.
Based on end-user, the global construction software market is classified into small & medium enterprises (SMEs) and large enterprises. Of these two segments, SMEs accounted for a larger share of the market in 2021 owing to the easy availability of construction software solutions designed specifically for small businesses. Moreover, these solutions are relatively easy to implement and have low maintenance costs.
The report also provides an analysis of the key trends affecting each segment of the global construction software market. Some of the major trends observed in the market include the growing adoption of cloud-based solutions and mobile applications and the increasing focus on data security.
Market Drivers
The construction software market is driven by a number of factors, including the increasing need for efficient project management, the growing adoption of cloud-based solutions, and the increasing availability of mobile applications.
The need for efficient project management is a key driver of the construction software market. Construction projects are becoming increasingly complex, with more stakeholders involved and more moving parts. This complexity can lead to delays and cost overruns if not managed properly. Construction software provides a way to manage all aspects of a construction project in one place, which can help avoid these problems.
The growing adoption of cloud-based solutions is another driver of the construction software market. Cloud-based solutions offer many benefits over on-premises solutions, including lower up-front costs, easier scalability, and greater flexibility. As more businesses see these benefits, they are increasingly turning to cloud-based construction software solutions.
The increasing availability of mobile applications is also driving the construction software market. More and more construction professionals are using mobile devices to stay connected while on the go. Construction software providers are responding to this trend by offering mobile apps that allow users to access their data and collaborate with others from anywhere.
Market Restraints
There are several restraining factors for the growth of the construction software market in the USA which include lack of awareness, data security concerns, and high cost.
Lack of awareness: There is a lack of awareness among small and medium enterprises about the availability of construction software and its benefits. This is one of the key restraining factors for the growth of the construction software market in the USA.
Data security concerns: Construction software deals with sensitive data such as financial information, project details, etc. There are concerns regarding data security and privacy when using construction software. This is another key restraining factor for the growth of the construction software market in the USA.
High cost: The initial cost of purchasing and implementing construction software is high. This is another key restraining factor for the growth of the construction software market in the USA.
Report Includes
An overview of the global USA Construction Software market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall USA Construction Software market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the USA Construction Software market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the USA Construction Software market for components from 2022 through 2029
The Executive Summary provides a snapshot of the key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools, and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and Porter's five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, and scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The USA Construction Software market is segmented on the basis of Product, Application, and Region.
Global USA Construction Software market Competitive Analysis:
Key players in the Global USA Construction Software market are Sage Group PLC, Oracle Corporation, Trimble Inc, Constellation Software Inc., Comprotex Software Inc., BuilderTREND, BuilderMT, iSqFt (ConstructConnect), Procore Technologies Inc., and Turtle Creek Software.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2027. Global USA Construction Software market is distributed on the basis of below mentioned segments:
Global USA Construction Software market, By Product:
The global construction software market is expected to generate revenue of around $13 billion by 2029, growing at a CAGR of close to 11% during the forecast period. The increasing need for efficient project management and collaboration among construction stakeholders is one of the key factors driving the growth of the construction software market. The construction industry is undergoing a digital transformation with the adoption of various advanced technologies such as Building Information Modeling (BIM), drones, and 3D printing. These technologies are helping construction firms to improve project delivery, reduce costs, and ensure regulatory compliance.
Market Overview
The global construction software market is expected to grow at a CAGR of xx% during the forecast period from 2022 to 2029. The report segments the market by applications, end-users, and regions.
The global construction software market is categorized into two major segments, namely, application and end-user. Construction software finds its applications in project management, asset management, field management, and accounting & finance. Among these applications, project management stood as the leading application segment in the global construction software market in 2021 with a share of xx%. This segment is further classified into the pre-construction phase, construction phase, and post-construction phase. The increasing demand for efficient project management tools is anticipated to drive the growth of this segment during the forecast period.
Based on end-user, the global construction software market is classified into small & medium enterprises (SMEs) and large enterprises. Of these two segments, SMEs accounted for a larger share of the market in 2021 owing to the easy availability of construction software solutions designed specifically for small businesses. Moreover, these solutions are relatively easy to implement and have low maintenance costs.
The report also provides an analysis of the key trends affecting each segment of the global construction software market. Some of the major trends observed in the market include the growing adoption of cloud-based solutions and mobile applications and the increasing focus on data security.
Market Drivers
The construction software market is driven by a number of factors, including the increasing need for efficient project management, the growing adoption of cloud-based solutions, and the increasing availability of mobile applications.
The need for efficient project management is a key driver of the construction software market. Construction projects are becoming increasingly complex, with more stakeholders involved and more moving parts. This complexity can lead to delays and cost overruns if not managed properly. Construction software provides a way to manage all aspects of a construction project in one place, which can help avoid these problems.
The growing adoption of cloud-based solutions is another driver of the construction software market. Cloud-based solutions offer many benefits over on-premises solutions, including lower up-front costs, easier scalability, and greater flexibility. As more businesses see these benefits, they are increasingly turning to cloud-based construction software solutions.
The increasing availability of mobile applications is also driving the construction software market. More and more construction professionals are using mobile devices to stay connected while on the go. Construction software providers are responding to this trend by offering mobile apps that allow users to access their data and collaborate with others from anywhere.
Market Restraints
There are several restraining factors for the growth of the construction software market in the USA which include lack of awareness, data security concerns, and high cost.
Lack of awareness: There is a lack of awareness among small and medium enterprises about the availability of construction software and its benefits. This is one of the key restraining factors for the growth of the construction software market in the USA.
Data security concerns: Construction software deals with sensitive data such as financial information, project details, etc. There are concerns regarding data security and privacy when using construction software. This is another key restraining factor for the growth of the construction software market in the USA.
High cost: The initial cost of purchasing and implementing construction software is high. This is another key restraining factor for the growth of the construction software market in the USA.
Report Includes
An overview of the global USA Construction Software market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall USA Construction Software market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the USA Construction Software market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the USA Construction Software market for components from 2022 through 2029
The Executive Summary provides a snapshot of the key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools, and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and Porter's five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, and scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The USA Construction Software market is segmented on the basis of Product, Application, and Region.
Global USA Construction Software market Competitive Analysis:
Key players in the Global USA Construction Software market are Sage Group PLC, Oracle Corporation, Trimble Inc, Constellation Software Inc., Comprotex Software Inc., BuilderTREND, BuilderMT, iSqFt (ConstructConnect), Procore Technologies Inc., and Turtle Creek Software.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2027. Global USA Construction Software market is distributed on the basis of below mentioned segments:
Global USA Construction Software market, By Product:
- Cloud
- On-Premise
- Web Based
- General Contractors
- Building Owners
- Independent Construction Managers
- Sub Contractors
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
USA Construction Software MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global USA Construction Software Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America USA Construction Software Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America USA Construction Software Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe USA Construction Software Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific USA Construction Software Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa USA Construction Software Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
