Construction Management Software Market Astonishing Growth with 8.2% CAGR during Forecast period 2021-2028

 

Construction Management Software Market

In the Construction Industry, Construction Management Software aids in project planning and scheduling. This is accomplished by sequencing the construction project's operations and making effective use of the schedules generated by a work breakdown structure. Construction software management features and functions include specifying a project's objectives and plans, which include scope delineation, budgeting, scheduling, setting performance requirements, and selecting project participants. Construction management software aids in the monitoring of the cost-control system in order to achieve an estimated profit on projects and to track the predicted results.

Construction project management software enables features that monitor various stages of a project, such as procurement of design services and contractors, contract methods, and construction contract process management, to manage construction projects from their inception. During the forecast period, the construction management software market is expected to grow significantly (2021–2028). Rising cloud-based software popularity, increased product output, increased application of lean management in construction management, increased automated processes, and the need for regular follow-ups are some of the factors that will drive the construction management software market during the forecast period.

The Global Construction Management Software Market was valued at US$ 1.4 Bn in 2020 and is expected to reach US$ 2.6 Bn by 2028 at a CAGR of 8.2% between 2021 and 2028.

Increasing research activities and business expansions, on the other hand, will create new opportunities for the growth of the construction management software market during the forecast period. The main factor impeding the growth of the construction management software market is a lack of awareness about construction management software, as well as a shortage of skilled labour.

Construction Management Software Market Segments-

·        By Deployment: Cloud-based and On-premise

·        By End User: Builders & Contractors, Construction Managers, and Engineers & Architects

·        By Region: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa

North America is expected to dominate the construction management software market during the forecast period, while the Asia Pacific region is expected to grow at the fastest rate between 2021 and 2028. The expected dominance of North America in the market can be attributed to the region's high volume of construction projects, whereas Asia Pacific's increasing growth rate can be attributed to the increasing number of construction projects in China and India.

The oil and gas industry is expected to drive significant growth in demand for construction management software. This is because the software improves transparency in brownfield, onshore, and shale-based construction projects. The software also aids in the monitoring of oil and gas plant development as well as deep water oil and gas projects.

Top Players involved are- Viewpoint, Inc., Oracle, BrickControl.com, BuildStar Technologies, Inc., Buildtools Inc, CATCloud., e-Builder Inc., eSUB Inc., Jonas Construction Software Inc, Systemates, Inc., Autodesk Inc., Buildertrend, CMiC., ConstructConnect, Odoo S.A.

Comments

Post a Comment

Popular posts from this blog

Security Robot Market is Estimated To Witness High Growth Owing To Increasing Demand for Enhanced Surveillance

Image
Security Robot Market The Security Robot Market is estimated to be valued at US$ 11.8 billion in 2022 and is expected to exhibit a CAGR of 12.87% over the forecast period of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Security Robot Market encompasses advanced robotic technologies that are specifically designed and developed to enhance security and surveillance operations. These robots are equipped with features such as video surveillance, thermal imaging, facial recognition, and intrusion detection, among others. They are extensively used by security agencies and organizations across various sectors, including residential, commercial, industrial, and government, to enhance safety, reduce human intervention, and streamline security operations. Security robots offer real-time monitoring, remote control, and high accuracy, making them an ideal choice for surveillance in sensitive areas and remote locations. Market Dynamics:
Read more

The Ever-Evolving Landscape of the Scottish Whisky Market during the Forecast Period 2019-2027

Image
  Scottish Whisky Market The Scottish Whisky Market is a captivating landscape that has been evolving and transforming over the years. It is a world of tradition, craftsmanship, and heritage, where every drop of whisky tells a story. The history of Scottish whisky traces back centuries, with the earliest records dating back to the 15th century. Whisky production initially started in monasteries, where monks distilled spirits for medicinal purposes. Over time, whisky production moved from monastic settings to farms and then to commercial distilleries. This transition marked the beginning of an industry that would become synonymous with Scotland. Scottish Whisky Market Was Valued At US$ 4.97 Bn In 2018, And It Is Expected To Reach US$ 7.89 Bn By The End Of 2027, Exhibiting A CAGR Of 5.3% During The Forecast Period (2019 To 2027). One of the defining characteristics of the Scottish Whisky Market is its adherence to traditional production methods. Scotch whisky is made from malted b
Read more

Monochloroacetic Acid (MCAA) Market Is Estimated To Witness High Growth Owing To Increasing Demand for Surfactants and Herbicides

Image
Monochloroacetic Acid (MCAA) Market The Monochloroacetic Acid (MCAA) Market is estimated to be valued at USD 676.52 Million in 2022 and is expected to exhibit a CAGR of 7.03% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Monochloroacetic Acid (MCAA) Market is driven by the increasing demand for surfactants and herbicides in several industries such as agriculture, pharmaceuticals, textiles, and personal care. MCAA is extensively used in the production of surfactants, herbicides, and carboxymethyl cellulose (CMC), which are essential in various applications. These applications include detergents, agrochemicals, pharmaceuticals, dyes, and cosmetics, among others. The versatile properties of MCAA, such as its ability to act as a raw material in the production of herbicides and surfactants, make it highly desirable in the market. Market Dynamics: The Monochloroacetic Acid (MCAA) Market is driven by two k
Read more