Vertical: ICTBase Year: 2018
Market Size (2018)
$1.78B
Projected (2023)
$2.72B
CAGR (2017–2023)
9.0%
Key Players
10+
The construction software market is expected to increase significantly. To suppress aging hardware costs and improve efficiency, contractors are transitioning towards cloud-host systems. Other benefits such as access to real-time data from any location via numerous mobile devices, promoting greater capabilities and tighter integration with other software used by contractors are fuelling construction software.
The global construction software market is expected to grow at 8.8% CAGR during the forecast period, 2017-2023. In 2017, the market was led by cloud-based with 31% share, followed by on-premise and web-based with shares of 42% and 27%, respectively. The rise in investments in developing and developed countries are expected to show significant growth in the construction market during the next ten years. With the growing construction sector, the opportunities for construction software market are on the rise.
The global construction software market has been segmented based on product, application, and region. Of all the applications, general contractors accounted for the largest market share of 32% in 2017, with a market value of USD 511 million, which is projected to grow at CAGR of 8.0% during the forecast period. Construction software enables the required improvements in multiple domains which helps to reduce the errors and clashes. This also provides the parameters for the engineers to evaluate the ongoing work with the predesigned structure and if anything is not correct then make the changes in real time. These benefits of construction software help to analyze the proposed project, simulate and enable improvement and innovative solutions.
· Increasing popularity of cloud-based construction management software
· Rising investments in the construction sector
Key Vendors
· Oracle Corporation.
· Trimble Inc.
· Constellation Software Inc.
The Construction Software Market market is projected to grow at a CAGR of 9.0% from 2017 to 2023.
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View Subscription PlansConstruction software is a set of programs that enable the creation of vector-based representation in 3D format for construction projects of buildings, railways, and roads. It provides digital database solution to capture, manage and present building information modeling solutions and also offer the flexibility to modify or change the building design managed by software throughout the project life cycle. Construction software is a kind of virtual construction facility which provides an actual physical construction glimpse over smart devices such as tablets, smartphones, and other wearables, in order to attain simulation and safety features in the building & infrastructure.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2017 – 2017
Forecast Period
2019 – 2023
Primary Interviews
150+
Historical data (2017–2018) and forecast period (2018–2023)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThe global construction software market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality construction software services, in order to survive and succeed in an intensely competitive market environment.
The growth of market vendors is dependent on market conditions, government support, and industry development. Thus, the vendors should focus on expanding geographically and improving services. Oracle Corporation, Trimble Inc., Sage group, Constellation Software Inc. are some of the major companies in the market, which compete in terms of availability, quality, price, and technology. They primarily focus on the development of sophisticated construction software. Although the international players are dominating the market, regional and foreign players with small market shares also have a presence. The international players may strengthen their presence worldwide through acquisitions during the forecast period. It has also been forecast that improvement of the global economic scenario combined with efforts to enhance infrastructure in emerging nations, is fueling the market growth, thereby making it an ideal time to launch new construction software solutions and increase the global market share.
The vendors with better technical and financial resources can develop innovative products that render the competitors' products, obsolete and non-competitive even before they are launched, or costs are recovered. Therefore, vendors have to develop new technologies and stay abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market. The competitive environment in the market is likely to intensify further due to increase in product/service extensions, technological innovations, and M&A.
The global construction software market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality construction software services, in order to survive and succeed in an intensely competitive market environment.
The growth of market vendors is dependent on market conditions, government support, and industry development. Thus, the vendors should focus on expanding geographically and improving services. Oracle Corporation, Trimble Inc., Sage group, Constellation Software Inc. are some of the major companies in the market, which compete in terms of availability, quality, price, and technology. They primarily focus on the development of sophisticated construction software. Although the international players are dominating the market, regional and foreign players with small market shares also have a presence. The international players may strengthen their presence worldwide through acquisitions during the forecast period. It has also been forecast that improvement of the global economic scenario combined with efforts to enhance infrastructure in emerging nations, is fueling the market growth, thereby making it an ideal time to launch new construction software solutions and increase the global market share.
The vendors with better technical and financial resources can develop innovative products that render the competitors' products, obsolete and non-competitive even before they are launched, or costs are recovered. Therefore, vendors have to develop new technologies and stay abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market. The competitive environment in the market is likely to intensify further due to increase in product/service extensions, technological innovations, and M&A.
Michael Porter’s five forces model gives a framework that models the construction software market, which is influenced by five forces. The strategic business managers, trying to create an edge over competitive competing firms in the construction software market can utilize this model to better comprehend the industry connection in which the firm operates. The components of each of the forces and the degree or of impact of each component in the context of the construction software market have been broken down and analyzed.
Market estimates by geography (2023)
InsightNorth America leads with $925.92M by 2023, while Asia Pacific is projected to grow fastest at a 11.4% CAGR.
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View Subscription Plans| REGION | 2017 | 2018 | 2023 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $519.19M | $702.58M | $925.92M | 10.1% | 34% |
| Europe | $460.17M | $582.38M | $717.50M | 7.7% | 26% |
| Asia Pacific | $357.12M | $500.70M | $682.12M | 11.4% | 25% |
| Rest of the World | $285.74M | $339.34M | $390.10M | 5.3% | 14% |
| Total | $1.62B | $2.12B | $2.72B | 9.0% | 100% |
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View Subscription PlansTotal Market Size
$2.72B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| On-Premise | $1.04B | 7.4% | 38% |
| Cloud Based | $934.65M | 10.6% | 34% |
| Web Based | $742.93M | 9.4% | 27% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Construction Software Market covering market dynamics, competitive landscape, and strategic outlook.
The Construction Software Market market is projected to reach $2.72B by 2023, growing at 9.0% CAGR. The On-Premise segment holds the largest share.
Construction software is a set of programs that enable the creation of vector-based representation in 3D formats for construction projects such as buildings, railways, and roads. The rising demand for increasing efficiency & productivity and need for improved quality & integration are driving the growth for the global construction software market. The rising investments in the construction sector and increasing popularity of cloud-based construction software is fueling market growth. However, the lack of skilled professionals in this area is hampering market growth.
Most countries across the globe are promoting the use of construction software for all construction projects. Governments of different countries are coming up with initiatives and implementation strategies to increase the adoption of construction software in the AEC (Architecture, Engineering, and Construction) industry. The U.K government is encouraging and promoting awareness and use of construction software and aims to make it as universal industry recognition. In July 2015, the UK government mandated the use of level two construction software for public projects to be constructed from 2016. In 2014, the Singapore government put infrastructure development across the country on high priority. Also, the adoption of construction software has become an important step toward minimizing lifecycle building costs and improving the design quality of buildings. The Singapore government is encouraging and promoting construction software development strategy both in the public and private sectors. In 2014, the government also implemented programs for incentivizing software adopters.
The government of Singapore mandated construction software e-submissions for all building projects greater than 16,404.2 square foot in 2014. Thus, government support and mandates for use of construction software across the globe will drive the growth of the global construction software market during the forecast period.
Cloud technology is slowly progressing in the construction sector. It is estimated that by 2020, the cloud market will reach USD 270 billion, with public cloud standing at a 44% growth rate. The cloud-based construction software is capable of lowering operational costs, increasing flexibility and much more. Cloud-based software solutions benefit enterprises in reducing business costs. Additionally, they require low maintenance and act as a one-point solution for storing and managing data within an organization.
Cloud-based construction software is less expensive than other traditional software packages. These solutions offer API (Application Programming Interface) that allows businesses to build custom packages. According to Associated General Contractors of America, 2017 survey, it is observed that nearly 87% of the construction contractors are using or planning to use cloud-based construction software. To suppress aging hardware costs and improve efficiency, contractors are transitioning towards cloud-host systems. Other benefits such as access to real-time data from any location via any number of mobile devices, promoting greater capabilities and tighter integration with other software used by contractors are fuelling cloud-based networks.
Construction software has proven to be an excellent tool for the enhancement of information communication and to reduce the cost and time of the project in the construction industry. Improved communication among construction managers and engineers with the help of construction software results in high efficiency.
But on the other side, the deployment of construction software is a little expensive which includes the purchase of new hardware and construction software. Although many organizations have working technology systems which can be upgraded to use the construction software. Generally, an organization has a dedicated system for its employees which runs a Windows operating system with dual or quad or multi-core processors, a graphics card, 2 to 6 GB of RAM, 17 to a 30-inch monitor and other accessories which can be seen as basic system. But to run a construction software, these systems need some upgrades which can be HDD (Hard Disk Drive) of more than 320 GB, RAM capacity up to 20 GB and an operating system which runs on 64 bit.
Talking about software, there are several software applications. The cost of the application varies from region to region and is completely dependent on the package the client seeks. Some of the applications of construction software include customer relationship management, accounting & financials, project management, and many others. While opting for any construction software, the client needs to analyze their specific needs on above-listed parameters and make the investment accordingly.
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Profiles of 109 companies operating in the Construction Software Market market, including revenue, employee count, and market positioning where available.
Showing 109 of 109 companies
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1.1.1 Company Overview Company Headquarter: U.S. Founded: 1978 Workforce: 9,523 Company Working: Trimble, Inc. engages in the provision of providing positioning, wireless, and software technology solutions. The company operates through various segments such as Geospatial, Resources & Utilities, Buildings & Infrastructure, and Transportation. The company focuses on R&D in order to introduce new products and make improvements in existing products. Due to the strong focus on R&D, the company has been able to launch and commercialize a number of new products in the recent past. In addition, the company's strong R&D has enabled it to add a number of important patents. At the end of FY2016, the company had approximately 1,200 unique issued and enforceable patents, the majority of which cover GNSS based technologies and other applications such as optical and laser technology. In April 2018, Trimble acquired Viewpoint a provider of innovative construction-specific software solutions.
Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Franklin Gothic Medium",sans-serif;} Oracle Corporation was established in 1977, with its headquarters in California, U.S. The company manufactures application software, hardware systems and provides solutions for other services. The company offers services in three major areas such as software as a service, platform as a service and infrastructure as a service. Under homomorphic encryption, the company provides IT infrastructure solutions such as data encryption. Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Franklin Gothic Medium",sans-serif;} The company has production centres, research and development engineers, personalization & data centres across the globe in regions such as U.S., India, Japan, U.K., Germany, New Zealand, Canada and Russia. The main strategy of the company is to invest more in research & development to innovate new products which can be offered through cloud and on premise software. It reported revenue of USD 37,047 million in FY2016.
1.1.1 Company Overview Workforce: 200 —500 Founded: 1993 Company Working: iSqFt Inc., one of the subsidiary companies of Roper Technologies, is one of the leading software-as-a-service company which aids the commercial construction industry by providing their subscribers access to a network that connects millions of general contractors, subcontractors, suppliers, and manufacturers. iSqFt manage their customers thrive by providing the information and tools which require to work more efficiently and profitably. The company was established as a Construction Software Technologies, Inc., iSqFt also serves as a strategic partner for the Associated General Contractors of America (AGC) and local AGC chapters. Additionally, the company also serves as a leading provider of online preconstruction management service.
1.1.1 Company Overview Company Headquarter: Canada Founded: 1995 Workforce: 14,335 Company Working: Constellation Software Inc. operates as a holding company that engages in the development of software solutions. The company acquires, builds and manages software businesses that develop a range of software solutions. In the areas of construction, Constellation Software Inc. operates under the name of Constellation HomeBuilder Systems which provides web solutions and tailored homebuilding software solutions in North America and Internationally. The company provides standalone or integrated systems which benefit in bridging the gap between technology and construction. The company possesses a diverse customer base comprised of more than 14,000 customers operating in more than 30 countries globally.
1.1.1 Company Overview Headquarters: New York, United States Founded: 2004 Company Working: Turtle Creek Software Inc., offers construction management software solutions for Windows and Macintosh platforms. The company’s software Goldenseal is being deployed by small businesses which benefit in managing estimating and controlling costs. The software features such as accounting, cost estimating, project management, business management and many more.
5 interactive charts drawn from the Construction Software Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global Construction Software Market Middle East And Africa and South America Of Rest Of The World By Region
Global Construction Software Market China, India, Japan, South Korea and Rest Of Asia Pacific By Country
Global Construction Software Market Germany, France, United Kingdom, Italy and Rest Of Europe By Country
Global Construction Software Market United States, Canada and Mexico Of North America By Country
Global Construction Software Market By Region
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Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
