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U.S. Construction Management Software Market - Industry Trends and Forecast to 2031

ICT

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U.S. Construction Management Software Market - Industry Trends and Forecast to 2031

  • ICT
  • Upcoming Report
  • Feb 2024
  • Country Level
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

U.S. Construction Management Software Market, By Deployment (Cloud, On-Premise), Organization Size (Large Enterprises, SMEs), Device Type (Smartphone, Computer), Pricing Model (License Based, Subscription Based), Application (Pre-Construction, Project Management, Financial Management, Resource Management, Customer Relationship Management, Others), Vertical (Residential Construction Contractor, Commercial Construction Contractor, Landscaping Contractors, Construction Managers, Engineers, Architects, Others) - Industry Trends and Forecast 2031.

U.S. Construction Management Software Market Analysis and Size

Construction management software refers to a tool used by professionals to streamline day-to-day tasks to improve project delivery. It helps companies in budget management, communication, decision-making, job scheduling, and others. It is utilized by contractors and construction managers to improve productivity and meet project deadlines within the budget limit. The growing requirement of effective tool management in the construction industry increases the adoption of construction management software and hence acts as a driving factor for the growth of the market.

Data Bridge Market Research analyzes that the U.S. construction management software market which was valued at USD 1,179.64 million in 2023 and is expected to reach USD 1,373.78 million by 2031, registering a CAGR of 6.5% during the forecast period of 2023-2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

U.S. Construction Management Software Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD million, Volumes in Units, Pricing in USD

Segments Covered

By Deployment (Cloud, On-Premise), Organization Size (Large Enterprises, SMEs), Device Type (Smartphone, Computer), Pricing Model (License Based, Subscription Based), Application (Pre-Construction, Project Management, Financial Management, Resource Management, Customer Relationship Management, Others), Vertical (Residential Construction Contractor, Commercial Construction Contractor, Landscaping Contractors, Construction Managers, Engineers, Architects, Others)

Market Players Covered

Constellation HomeBuilder Systems (U.S), Autodesk Inc. (U.S), Procore Technologies, Inc. (U.S), Sage Group plc (U.K), Trimble Inc. (U.S), Buildertrend (U.S), Oracle (U.S), Epicor Software Corporation (U.S), Bentley Systems Incorporated (U.S), CMiC (Canada), BuilderMT Inc. (U.S), ConstructConnect (U.S), Finalcad Sarl (France), Jonas Construction Software Inc. (U.S), Systemates Inc. (U.S)

Market Opportunities

•          Integration with emerging technologies

Market Definition

Construction management software, often referred to as construction project management software, is a specialized digital tool or software application designed to assist construction professionals in planning, coordinating, and managing various aspects of construction projects. It is used to streamline and optimize the construction process, enhancing communication, collaboration, and overall project efficiency.

U.S. Construction Management Software Market Dynamics

Drivers

  • Increasing Complexity of Construction Projects

As construction projects become more complex and require efficient collaboration among multiple stakeholders, there is a growing demand for construction management software. These tools help streamline project planning, communication, and coordination, thereby reducing project delays and cost overruns.

  • Growing Adoption of Cloud-Based Solutions

The adoption of cloud-based construction management software is on the rise due to its flexibility, scalability, and cost-effectiveness. Cloud solutions enable real-time access to project data, fostering better decision-making and collaboration among project teams, regardless of their physical location.

Opportunities

  • Global Construction Industry Growth

The global construction industry is witnessing steady growth, with infrastructure development, urbanization, and housing projects driving demand. This presents an opportunity for construction management software providers to cater to a larger customer base and expand their services.

  • Integration with Emerging Technologies

The integration of emerging technologies such as Building Information Modeling (BIM), Internet of Things (IoT), and artificial intelligence within construction management software offers opportunities for innovation. These technologies can enhance project efficiency, safety, and sustainability.

Restraints/Challenges

  • Resistance to Adoption

The construction industry has been traditionally slow to adopt new technologies, and there may be resistance from some stakeholders to transition from manual or outdated systems. Overcoming this resistance and ensuring widespread adoption can be a challenge for software providers.

  • Data Security and Privacy Concerns

Construction management software involves handling sensitive project data. Ensuring data security and privacy, especially in cloud-based solutions, is a significant challenge. Compliance with data protection regulations and the prevention of data breaches are ongoing concerns.

Recent Development

  • 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

U.S. Construction Management Software Market Scope

The construction management software market is segmented on the basis of the deployment, organization size, device type, pricing model, application and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Deployment

  • Cloud
  • On-Premise

 Organization Size

  • Large Enterprises
  • SMEs

 Device Type

  • Smartphone
  • Computer

 Pricing Model

  • License Based
  • Subscription Based

Application

  • Pre-Construction
  • Project Management
  • Financial Management
  • Resource Management
  • Customer Relationship Management
  • Others

 Vertical

  • Residential Construction Contractor
  • Commercial Construction Contractor
  • Landscaping Contractors
  • Construction Managers
  • Engineers
  • Architects
  • Others

Competitive Landscape and U.S. Construction Management Software Market Share Analysis

The construction management software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, U.S. presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the construction management software market.

Some of the major players operating in the construction management software market are:

  • Constellation HomeBuilder Systems (U.S)
  • Autodesk Inc. (U.S)
  • Procore Technologies, Inc. (U.S)
  • Sage Group plc (U.K)
  • Trimble Inc. (U.S)
  • Buildertrend (U.S)
  • Oracle (U.S)
  • Epicor Software Corporation (U.S)
  • Bentley Systems Incorporated (U.S)
  • CMiC (Canada)
  • BuilderMT Inc. (U.S)
  • ConstructConnect (U.S)
  • Finalcad Sarl (France)
  • Jonas Construction Software Inc. (U.S)
  • Systemates Inc. (U.S)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The U.S. construction management software market size will be worth USD 1,373.78 million by 2031.
The growth rate of the U.S. construction management software market is 6.5% during the forecast period by 2031.
The increasing complexity of construction projects & growing adoption of cloud-based solutions are the growth drivers of the U.S. construction management software market.
Deployment, organization size, device type, pricing model, application, and vertical are the factors on which the U.S. construction management software market research is based.
Major companies in the U.S. construction management software market are Constellation HomeBuilder Systems (U.S), Autodesk Inc. (U.S), Procore Technologies, Inc. (U.S), Sage Group plc (U.K), Trimble Inc. (U.S), Buildertrend (U.S), Oracle (U.S), Epicor Software Corporation (U.S), Bentley Systems Incorporated (U.S), CMiC (Canada), BuilderMT Inc. (U.S), ConstructConnect (U.S), Finalcad Sarl (France), Jonas Construction Software Inc. (U.S), Systemates Inc. (U.S).
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