Technavio has been monitoring the construction management software market and it is poised to grow by $ 724.88 mn during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Construction Management Software Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
What are the major trends in the market?
The application of lean management in construction management is a major trend driving the market growth.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 7.80% and the incremental growth of the market is anticipated to be $ 724.88 mn during the forecast period.
Who are the top players in the market?
Autodesk Inc., Bentley Systems Inc., Buildertrend Solutions Inc., Computer Methods International Corp., ConstructConnect Inc., Odoo SA, Oracle Corp., Procore Technologies Inc., Sage Group Plc, and Trimble Inc., are some of the major market participants
What is the key market driver?
The need for large scale process management solutions is driving the growth of the market.
How big is the North American market?
The North America region will contribute 31% of the market share
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Autodesk Inc., Bentley Systems Inc., Buildertrend Solutions Inc., Computer Methods International Corp., ConstructConnect Inc., Odoo SA, Oracle Corp., Procore Technologies Inc., Sage Group Plc, and Trimble Inc. are some of the major market participants. The need for large scale process management solutions will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Construction Management Software Market 2020-2024: Segmentation
Construction Management Software Market is segmented as below:
Builders And Contractors
Engineers And Architects
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Construction Management Software Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The construction management software market report covers the following areas:
Construction Management Software Market Size
Construction Management Software Market Trends
Construction Management Software Market Industry Analysis
This study identifies the application of lean management in construction management as one of the prime reasons driving the construction management software market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Construction Management Software Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist construction management software market growth during the next five years
Estimation of the construction management software market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the construction management software market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of construction management software market, vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2019
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY DEPLOYMENT
Market segmentation by deployment
Comparison by deployment
Cloud-based - Market size and forecast 2019-2024
On-premises - Market size and forecast 2019-2024
Market opportunity by deployment
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
Market segmentation by end-user
Comparison by end-user
Builders and contractors - Market size and forecast 2019-2024
Construction managers - Market size and forecast 2019-2024
Engineers and architects - Market size and forecast 2019-2024
Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
Integration of construction management software estimation and accounting software
Increasing popularity of cloud-based construction management software
Application of lean management in construction management
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
Market positioning of vendors
Bentley Systems Inc.
Buildertrend Solutions, Inc.
Computer Methods International Corp.
Procore Technologies Inc.
Sage Group Plc
PART 15: APPENDIX
List of abbreviations
Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200813005504/en/