Construction Software Market Research Report Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2027
                     Construction Software Market Research Report Outlook, Strategies, 
Industry Analysis, Future Scope, Key Drivers Forecast To 2027
Global Construction Software Market Research Report: By Product (Cloud, On-
Premise and Web-Based), Application (General Contractors, Building Owners, 
Independent Construction Managers and Sub-Contractors) - Forecast till 2027
Market Synopsis
As per the analysis by the Market Research Future Reports (MRFR), the worldwide 
construction software market is estimated to value USD 2715.6 Million by 2027, with a CAGR 
of 8.8% during the forecast period. The better efficiency and high productivity with refined 
quality and integration are the major factors driving the global construction software market 
2020. Besides, construction software minimizes the cost related to management, takes lesser 
time, and helps to regulate the waste. Furthermore, the construction software enhances the 
understanding of a client by providing visuals to the clients. Hence, the demand for 
construction software is likely to increase in the forthcoming period.
Moreover, the fast technological development has also resulted in the quick adoption of the 
software. There has been a sudden rise in the usage of cloud in different industrial sectors. It 
can run heavy applications without the requirement of a supercomputer or a data centre. 
Various enterprises have adopted cloud-based devices for their benefit.
Due to the sudden outbreak of novel coronavirus, there has been an immense change in the 
market dynamics. Several regions have been affected due to the pandemic. We will provide 
COVID-19 impact analysis with the report.
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Covid-19 Impact
During the pandemic, the construction software companies have witnessed a high 
requirement for customer support and many companies are providing it at low or no 
additional cost. For instance, Procore Technologies, Inc. is providing free access to its 
Procore platform and related support services for emergency construction projects, which is 
expected to support the construction of COVID-19 relief facilities. Autodesk is offering free 
and extended access to its cloud products during the COVID-19 pandemic.
Market Segmentation
The global construction software market can be classified on the basis of product, 
application, and region.
On the basis of the product, the global construction software market can be classified into 
web-based and on premise. Cloud applications are estimated to expand considerably during 
the forecast period.
On the basis of application, the global construction software market can be segmented into 
sub-contractors, building owners, general contractors, and independent construction 
managers. Among all, the independent construction managers are estimated to record the 
highest CAGR during the forecast period. On the basis of geography, the global 
construction software market can be classified into North America, Europe, Asia-Pacific, 
and the rest of the world.
Regional Analysis
The geographical analysis of North America, Europe, Asia-Pacific, and the rest of the 
world has been conducted. As per the analysis by MRFR, the North American region 
acquired the largest market share in 2018. The market is estimated to register a 
CAGR of 10% during the review period. North America is estimated to lead the 
global construction software company in terms of market share during the review 
period. The region has gained immense traction due to the growing popularity of 
cloud-based construction management software. Among all the countries present in 
the North American region, the US acquires the most significant market sharing due 
to the increasing investments in the construction industry. The second and third 
position is attained by Canada and Mexico, respectively. The second place is 
attained by the European region.  The market is anticipated to record a CAGR of 
7.5% during the review period. On the other hand, the Asia-Pacific region is 
estimated to record the maximum CAGR of 11.2% during the forecast period.
However, the outbreak of COVID-19 has brought significant changes in market 
dynamics. Several regions have been affected by the unforeseen pandemic
Key Players
The significant players of the global construction software market are Turtle Creek 
Software Oracle Corporation, Sage Group PLC, Trimble Inc, Comprotex Software Inc., 
Constellation Software Inc., BuilderTREND, iSqFt (ConstructConnect), BuilderMT, and 
Procore Technologies Inc.
Market Dynamics
Drivers
The Global Construction Software Industry to witness several growth factors
The global construction software industry is powered by numerous growth factors, such as 
growing demand for efficiency and accuracy in the construction industry, increasing 
adoption of cloud-deployed construction software, and the ongoing number of mergers and 
acquisitions in the construction and IT industries.
Opportunities 
Growing investment to offer lucrative opportunities to market players
Building Information Modeling (BIM) integration in sustainable architecture and growing 
investment in the construction sector are vital opportunities for market players operating in 
the global construction software market.
Restraints
Technical challenges to limit the market growth
Technical issues on various scales in the construction industry are a significant 
obstacle to the growth of the market over the future period.
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