Global Construction Project Management Software Market By Product Type (Accounting Integration, Project Management, Contract Management, And Others), By Deployment Type (Cloud-Based And On-Premises), By End-Use (Builders And Contractors, Construction Managers And Engineers And Architects), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Construction Project Management Software Market By Product Type (Accounting Integration, Project Management, Contract Management, And Others), By Deployment Type (Cloud-Based And On-Premises), By End-Use (Builders And Contractors, Construction Managers And Engineers And Architects), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, Construction Project Management Software Market by Product Type (Accounting Integration, Project Management, Contract Management, Estimating, Incident Reporting, Residential/ Commercial, Equipment Management and Others), by Deployment Type (Cloud-Based and On-Premises), by End-Use (Builders and Contractors, Construction Managers and Engineers and Architects), and by Region -Global Forecast to 2030, which offers a holistic view of the global Construction Project Management Software market through systematic segmentation that covers every aspect of the target market.

The global construction project management software market was valued at US$ 1391.4 Mn in 2020 and is expected to reach US$ 2537.6 Mn by 2030 at a CAGR of 6.2%.

Construction management software is a project management tool specifically designed for construction professional and construction companies. It facilitates secure processing of the construction process for companies, to increase efficiency, accountability and provide smooth processing. This kind of software offers a range of benefits to members of the construction industry, streamlining processes that were done manually, which include communication, decision-making, and job scheduling, among others. Robust growth of the construction sector globally has given a significant boost to construction management software adoption. Construction management software enables firms to collaborate on projects from pcs, laptops, mobile devices, or any other internet-connected devices. This software helps professionals access project-related documents, contracts, drawings, etc. to streamline various processes related to construction activities. Construction management software can be installed on-premise or cloud by firms, as per their convenience. Currently, developed countries have a higher penetration of cloud-based construction management software, while emerging economies are in the process to make a major shift from on premise-based model to a cloud-based model.

Robust growth of the construction sector globally has given a significant boost to construction management software adoption henceforth, augmenting the growth of construction project management software market globally. In addition to this, infused investments and keen focus of government on developing infrastructure, there is a surge of construction projects taking place simultaneously which impacts positively in growth of construction project management software market.


Global Construction Project Management Software Market Revenue (US$ Mn), 2021 to 2030


Furthermore, the versatility of met coke such as steam generation during dry coke quenching can be utilized to generate electricity in considerable amounts, are other factors expected to fuel the growth of the target market.

However, lower penetration of construction project management software in developing countries is expected to challenge the growth of the target market, in addition to which, high cost of construction management software decreases adoption by smaller construction firms, which might hinder the market growth. Nonetheless, an increasing number of construction projects specifically in emerging nations presents a great opportunity for construction project management software market to grow globally.

Global construction project management software market is segmented on the basis of product type, deployment type, end use and region. On the basis of product type, the market is segmented into accounting integration, project management, contract management, estimating, incident reporting, residential/ commercial, equipment management and others. Contract management segment accounts for the majority share in the global construction project management software market, while project management segment is expected to register the highest growth rate over the forecast period. On the basis, deployment type market is segmented into cloud-based and on-premises, and on the basis of end users, the market is segmented into builders and contractors, construction managers and engineers and architects and builders and contractors account for a majority share in the global construction project management software market.


Global Construction Project Management Software Market Attractiveness Analysis by Product, 2012“2018


On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America and MEA. In which North America accounts for the majority share in the global construction project management software market owing to an increasing number of oil & gas construction projects. Asia Pacific region especially countries like China India Japan and others are expected to have the highest growth rate owing fueled construction activities in the region

The research report on the global construction project management software market includes profiles of some of the major companies such as Aconex Ltd. & Primavera, Procore Technologies, Inc., Trimble Navigation Ltd, Odoo SA, BuilderTREND Solutions, Inc., The Sage Group plc and Systemates, Inc.


Key Market Segments

By Product Type

  
Accounting Integration
  
Project Management
  
Contract Management
  
Estimating
  
Incident Reporting
  
Residential/ Commercial
  
Equipment Management

By Deployment Type

  
cloud-based
  
on-premises

By Application

  
Builders And Contractors
  
Construction Managers And Engineers
  
Architects And Builders And Contractors


Key Market Players included in the report:


  
Aconex Ltd
  
Autodesk Inc.
  
Bentley Systems Inc.
  
Buildertrend Solutions Inc.
  
CMiC
  
Co-construct
  
Computer Methods International Corp.
  
ConstructConnect Inc.
  
e-Builder
  
eSUB
  
Fieldwire
  
GLODON
  
Jinshisoft
  
Jonas
  
Microsoft
  
MyCollab
  
Odoo SA
  
Oracle Corp.
  
Procore Technologies Inc.
  
RedTeam
  
Sage Group Plc
  
Trimble Inc.
  
Viewpoint, Inc
  
Yonyou


Below are the key development related to Construction Project Management Software Market in 2020 and 2021.


February 2021: Buildertrend Acquires CoConstruct to Create Market Leader in Construction Management Software. Will offer the most comprehensive suite of SaaS products and services that empower independent and custom residential construction businesses. Combined network serves 23,000+ clients and generates over $100MM in annual recurring revenue. Buildertrend, the leading provider of cloud-based construction management software for homebuilders, remodelers and specialty contractors, announced the acquisition of CoConstruct, a complementary provider of construction project management software for the residential construction industry. Funding for the acquisition is provided by a growth investment in Buildertrend by Bain Capital Tech Opportunities and HGGC. Existing CoConstruct investor Serent Capital is reinvesting in the combined company. Buildertrend Co-Founder and CEO Dan Houghton will lead the combined company alongside Co-Founders Steve Dugger and Jeff Dugger. CoConstruct Founder Donny Wyatt will serve as an advisor to lead integration efforts. This transaction makes Buildertrend the largest construction management software platform dedicated to empowering independent and custom homebuilders, contractors and remodelers with the tools to better coordinate projects, control finances and communicate with clients and crews. Source

September 2020: eSUB Construction Software Named FrontRunner for Construction Project Management Software. eSUB Construction Software announced it was named a FrontRunner for Construction Project Management software by Software Advice. Only products that earn top user ratings make the cut as FrontRunners, and to be eligible for consideration, a product must be a stand-alone construction project management software product or offer construction project management functionality within a suite. Among 122 construction management software solutions. This recognition means so much because it comes directly from our customers, and speaks directly to eSUBs usability and customer satisfaction," says Wendy Rogers, president and CEO of eSUB Construction Software. "The biggest hurdle in construction technology is adoption. We pride ourselves on developing software that is user friendly for the field, integrated into workflows for the office, and specifically relevant for the trades, whose project management needs are vastly different from GCs. We dont develop features to meet parity with our competitors; we serve as true partners with our customers in understanding their workflows to be very intentional in how we build and deliver. Source

July 2020: Autodesk to acquire AI-Powered construction software provider Pype. Pype’s best-in-class submittals and project closeout software will strengthen Autodesk Construction Cloud to help GCs, specialty contractors and owners further reduce risk and increase efficiencies. Autodesk, Inc. recently announced it has signed a definitive agreement to acquire Pype, a provider of cloud-based solutions for automating construction project management workflows. The acquisition will empower general contractors, subcontractors and owners to gain even more value from Autodesk Construction Cloud by automating critical construction workflows such as submittals and closeouts to increase productivity and mitigate project risk. Pype’s suite of software reduces tedious manual entry and human error that can lead to rework, cost overruns and schedule delays on construction projects. The company’s technology leverages artificial intelligence and machine learning to automatically analyze and extract critical construction data such as project plans and specifications to be used throughout the project lifecycle. By automating these traditional manual workflows and converting real-time data into actionable insights, construction teams have the power to increase collaboration and project efficiency. Source

April 2020: Aurigo Software, Autodesk join hands to develop cloud-based solutions for construction players. Aurigo Software and Autodesk, Inc. on Tuesday said they have entered into an alliance to develop a comprehensive set of cloud-based solutions for public and private owners. Aurigo will integrate with Autodesk Construction Cloud, a portfolio of construction management software and services, soon giving owners a single end-to-end technology platform for design, planning, construction and operations of infrastructure. As part of the alliance, Autodesk will acquire a minority stake in privately-held Aurigo. Source