Autodesk Inc., Procore Technologies Inc. and Sage Group plc are Dominating in the U.S. Construction Management Software Market in 2020

The U.S. Construction Management Software Market is expected to grow with the CAGR of 6.5% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below:

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The U.S. construction management software market is a fragmented market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in the U.S. construction management software market are introducing strong range of product portfolio. This has helped the companies to maximize the sales with enhanced product portfolio. For instance, in June 2020, Procore Technologies, Inc. announced launch of new platform features to advance collaboration and communication in construction. Procore platform’s new features include Action Plans, Correspondence, Custom and Configurable Fields, Procore Connect, Procore Search, Real-Time Labor Costing and a Web-Based 3D Model Viewer. This has helped the company to enhance their offerings in the market.

Autodesk Inc. is the dominating player in the U.S. construction management software market. The other players existing in the construction management software market includes Constellation HomeBuilder Systems, Procore Technologies, Inc., Sage Group plc, Trimble Inc., Buildertrend, Oracle, Epicor Software Corporation, Bentley Systems Incorporated, CMiC, BuilderMT Inc., ConstructConnect, Finalcad Sarl, Jonas Construction Software Inc. and Systemates Inc. among others.

Autodesk Inc.:

Autodesk Inc. is headquartered in California, U.S. and was founded in 1982. The company is engaged in developing and providing 3D design, engineering and entertainment software to customers. The company provides several products under categories such as architecture, engineering and construction, product design and manufacturing and media and entertainment among which architecture and engineering and construction are the market focused categories.

For instance,

• In July 2020, Autodesk Inc. signed an agreement to acquire Pype which is a provider of cloud-based solutions for automating construction project management workflows. Under this acquisition, the company automated their critical construction workflows and closeouts to increase productivity and mitigate project risk. This has helped the company to innovate their construction offerings in the market.

The company has presence in Americas, Asia-Pacific, Europe and Middle East and Africa. Some of the subsidiaries of the company include PlanGrid (U.S.), Moldflow (U.S.), BuildingConnected Inc., (U.S.) and others.

Procore Technologies, Inc.:

Procore Technologies, Inc. is headquartered in California, U.S. and was founded in 2002. The company is engaged in developing and providing project management tools in order to manage all types of construction projects. The company provides several products under categories such as pre-construction, resource management, project management and financial management.

For instance,

• In October 2020, Procore Technologies, Inc. announced acquisition of Esticom which is a construction estimating and takeoff company. Under this acquisition, the company added estimating functionality to the Procore platform which enabled accuracy in cost estimates, increasing productivity, helping general contractors and specialty contractors win more bids and reducing risk throughout the lifecycle of a project. This has helped the company to enhance their portfolio and better meet consumers demand.

The company has presence in North America, Europe and Australia.

Sage Group plc:

Sage Group plc is headquartered in Newcastle upon Tyne, U.K. and was founded in 1981. The company is engaged in developing and providing technological solutions and services to manage finances, operations and people to small and medium businesses. The company provides several products under category namely Sage Business Cloud.

For instance,

• In May 2006, Sage Group plc announced to buy assets of master builder construction management software business of Intuit Inc. Under this acquisition, the company managed the newly construction management software business from their Beaverton office. This has helped the company to enhance their offerings and customer base in the market.

The company has presence in Americas, Asia-Pacific, Europe and Middle East and Africa. Some of the subsidiaries of the company include Sage Intacct (U.S.), Sage South Africa (South Africa), Sage (UK) Limited (U.K.), Sage Portugal (Portugal), Sage Software, Inc. (U.S.) among others.