Global Construction Software Market- Market Overview:

The global construction software market is expected to grow from USD 1900.25 million in 2022 to USD 3622.8 million by 2030, at a CAGR of 8.4% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the rising demand from the oil and gas industries.

A construction management system helps in scheduling and planning a project by sequencing operations and enabling the use of work breakdown structures to create schedules. Increased infrastructure development, as well as a growing demand for better interior design and decoration, will boost market growth. Architects can take preventive measures to minimize the need to rebuild and remodel, propelling the market growth. Construction software is highly competitive, with several well-established players forming a competitive landscape. The players initiate strategic initiatives such as partnerships, mergers and acquisitions, and new product and technology launches, while investing heavily in research and development, global expansion, advanced technologies, and product launches in order to gain a competitive advantage over their competitors.As the construction industry grows around the world, market gains are expected in the near future. Today, construction firms are searching for comprehensive solutions that can improve multiple business operations in order to improve project efficiency. Moreover, there are an increasing number of providers of construction management platforms, which has a positive impact on market shares.In addition to conducting multiple research and development activities to improve the technology involved in construction operations in order to integrate and automate the work processes, the companies will be able to deliver advanced technologies to the market as a result. Government initiatives for large commercial projects have also contributed to market growth.

Sample Request: - Global Construction Software Market

Market Dynamics:

Drivers:                          

• Rising demand for construction software

A large number of organizations are currently focusing on managing and cultivating resources for the production of efficient products, which makes it necessary to provide large-scale construction project management solutions. By managing resources and maintaining a regular follow-up, construction management software ensures maximum outputs by automating processes.

Restraints:                                             

• Open-source software

Open-source software has become increasingly popular in the current market scenario due to the increasing need for digitalization. There are many tools and applications available from open-source vendors for business analytics. Since these types of feature-rich software are freely available online, several small and emerging businesses are using them, as commercial software has high purchasing and licensing costs.

Opportunities:

• Rising demand in the oil & gas industry

Considering that the software promotes transparency in brownfields, onshore, and shale-based construction projects, it is expected that the oil and gas sector will see a significant rise in demand for construction management software in the near future. In addition to monitoring oil and gas plants, the software can also be used to monitor deep water projects.

Challenges:

• High Cost

Consequently, the pricing of software varies as a result of the unpredictable nature of construction projects. At the initial stage of adoption of the software, there will be a setup fee which includes the cost of the devices used for the interface, accessibility and input of data, and a subscription fee that is recurring monthly or annually is charged to users.

Segmentation Analysis:

The global construction software market has been segmented based on component type, end-user, and region.

By Component Type

The component type segment includes services and software. The software segment led the largest share of the construction software market with a market share of around 61% in 2022. In the construction and real estate industries, construction software has become increasingly popular, which has resulted in the largest market share for software. The software segment enhances the performance of construction projects such as residential, industrial, commercial and institutional. Furthermore, consulting services will increase market share in order to make a more resilient supply chain.

By Modules

The modules segment includes procure management, labor management, customer management, real estate management, finance management and others. The customer management segment led the largest share of the customer management market with a market share of around 29% in 2022. Customers and clients are expected to grow at the fastest rate in the customer management segment. The significant growth is attributed to an increasing use of technology that helps them visualize the design and manage the work effectively. Considering share analysis, the finance management segment is the largest segment.

By End-User

The end-user segment includes owners, engineers, home remodelers, contractors, architects and others. The contractors segment led the largest share of the construction software market with a market share of around 28% in 2022. On the basis of various verticals that use construction software for one or more tasks, the end-user segment can be divided into different segments. As the contractor segment oversees a construction site on a day-to-day basis, it is responsible for resource allocation, material planning and equipment needed for project construction that accounts for the largest market share of the construction software market.

Global Construction Software Market- Sales Analysis.

The sale of construction software expanded at a CAGR of 8% from 2016 to 2022.

Construction software becomes more valuable through cloud-based technology adoption, which results in significant long-term benefits for construction professionals. Long-term benefits include becoming aware of the technology and adopting it as well. Cloud-based technology is in high demand due to the increased demand for digitalization in construction projects, driving the global construction software market to grow.

During the Projection period, demand for construction software is expected to be boosted by an increase in infrastructure projects, integration with lean management processes, financial visibility, effective management, and timely completion of construction projects.

With the help of construction management software, a profit estimate can be achieved for projects and the predicted results can be tracked. Managing construction projects from their inception can be easy with software that allows features to monitor various stages of the project, such as the procurement of design services, contractors, contract methods, and management of construction contracts.

Thus, owing to the aforementioned factors, the global construction software market is expected to grow at a CAGR of 8.4% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the construction software market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the construction software market and held a 38.6% share of the market revenue in 2022.

• The Asia Pacific region witnessed a major share. It is expected that Asia Pacific will witness the highest rate of growth during the Projection period because of the major contributions from emerging economies such as India, China, and South Korea. Increasing construction projects in India and China will drive the growth of the construction software market in India and China, as the government will take a supportive role in initiating such huge construction projects.
• North America is anticipated to experience significant growth during the predicted period. Construction companies in North America are under tremendous pressure to maintain strong margins and deliver on-time projects, leading the global construction software market. Furthermore, increasing competition, low productivity, and growing popularity of cloud-based construction management software are other factors creating significant market opportunities.

Global Construction Software Market - Country Analysis:

• Germany

Germany's construction software market size was valued at USD 142.5 million in 2022 and is expected to reach USD 273.6 million by 2030, at a CAGR of 8.5% from 2023 to 2030.

Construction solutions are becoming increasingly popular and spending more money on project management solutions is driving market demand. Additionally, technological advances, the growing availability of the latest technologies, and the early adoption of advanced construction solutions are positively influencing market growth.

• China

China’s construction software market size was valued at USD 190.7 million in 2022 and is expected to reach USD 374.43 million by 2030, at a CAGR of 8.8% from 2023 to 2030.

A growing number of construction companies are adopting various construction services and solutions, which contributes to regional market growth. In the APAC construction software market, China accounts for substantial share due to significant technological advances and new product launches.

• India

India's construction software market size was valued at USD 146.6 million in 2022 and is expected to reach USD 285.7 million by 2030, at a CAGR of 8.7% from 2023 to 2030.

There is a rising demand for increased efficiency, productivity, and quality in construction projects, which would increase market size. Furthermore, the growing adoption of construction software and technological advances is expected to positively impact market shares as well.

Key Industry Players Analysis:  

To increase their market position in the global construction software market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Arkema S.A.
• Dura-Bond Industries
• Tenaris
• Wah Seong Corporation Berhad
• The 3M Company
• Winn & Coales Ltd
• Shawcor Ltd.
• PPG Industries
• Wasco Energy Group of Companies
• BASF SE
• B. Foster Company
• Aegion Corporation
• Eupec Pipecoatings Company Ltd.
• Berry Plastics CPG

Latest Development:

• In March 2020, A company that specializes in service execution management, ServiceMax, launched a new communication platform for its new customers, Zinc. Through this platform, the fieldwork team will be able to communicate directly across the service delivery chain, providing real-time customer service while maintaining safety.
• In May 2022, The partnership with Deloitte will empower Oracle to develop better Oracle applications and provide better solutions for customers. These improvements will increase the value of the Oracle brand.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	8.4%
Market Size	1900.25 million in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Component Type, By Modules, By End-User, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Arkema S.A., Dura-Bond Industries, Tenaris, Wah Seong Corporation Berhad, The 3M Company, Winn & Coales Ltd, Shawcor Ltd., PPG Industries, Wasco Energy Group of Companies, BASF SE, L.B. Foster Company, Aegion Corporation, Eupec Pipecoatings Company Ltd., and Berry Plastics CPG.
By Component Type	Services Software
By Modules	Procure Management Labor Management Customer Management Real Estate Management Finance Management Others
By End-User	Owners Engineers Home Remodelers Contractors Architect Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Construction Software Market by Component Type:

• Services
• Software

Global Construction Software Market by Modules:

• Procure Management
• Labor Management
• Customer Management
• Real Estate Management
• Finance Management
• Others

Global Construction Software Market by End-User:

• Owners
• Engineers
• Home Remodelers
• Contractors
• Architect
• Others

Global Construction Software Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- By creating solid media coalitions, pressure organisations are able to change the business environment. These groups, which plan protests and promotional events, put pressure on these organisations. These pressure groups have the power to influence government policy, which may in turn have an effect on the overall business climate, so the construction software market needs to keep an eye on them. To gain their trust, the construction software market must work directly with them. Additionally, in order to improve ties with the community, money must be spent on moral and charitable enterprises.

Economic Factors- Rising inflation could hurt the cutting tool packaging sector by reducing the purchasing power of money and prohibiting consumers from making purchases of products and services. Changes in exchange rates might have an impact on a business' profitability. The construction software market should conduct this analysis to precisely predict exchange rate fluctuations and reduce any negative effects on trade and business performance. Because the construction software industry will have to make payments with a high rate of interest, loan prices will go up overall.

Social factors- When the construction software market primarily targets young consumers with its products/services, there are two favourable demographic indicators: rapid population growth and an increasing proportion of the young population group. The construction software market should take that nation's attitude toward immigration into consideration because it provides a good indication of the necessity for diversity management measures. To promote equality and diversity, the construction software sector must adjust its marketing tactics. If there is a welcoming attitude toward migration, the construction software industry may readily hire workers from different cultural backgrounds.

Technological Factors- The sector's research and development trends show how inventive businesses are at turning novel concepts into profitable ventures. The market for construction software needs to be aware of any potential advantages new technology might provide for both the industry and consumers. In industries where disruptive technology is widely used, a large investment in R&D would be required. The construction software business must have a long-term perspective and not anticipate recovering its R&D expenses quickly.

Environmental Factors- The use of the closed-loop, circular economy concept is starting to take off in numerous nations, across a wide range of circumstances and industries. Industries that support institutional institutions can facilitate material recycling and reuse. Recycling is actively practised by consumers in several nations, similar to this. The construction software market could benefit from these sustainability trends by using them to reduce production costs, reduce environmental costs, and achieve financial objectives.

Legal Factors- Numerous federal and state legislation are in place in several nations to safeguard clients from potential financial exploitation. Laws governing consumer privacy have tightened in the era of digital technologies. The construction software industry must meticulously abide by data privacy standards when conducting online business in order to prevent lawsuits. Construction software market managers should research local laws regarding refunds, discounts, credit terms, quality, deceptive advertising, and maximum price before entering new markets (particularly in the case of basic essential goods).

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Component Type
     • 3.2. Market Attractiveness Analysis By Modules
     • 3.3. Market Attractiveness Analysis By End-User
     • 3.4. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Rising demand for construction software
   • 3. Restraints
     • 3.1. Open-source software
   • 4. Opportunities
     • 4.1. Rising demand in the oil & gas industry
   • 5. Challenges
     • 5.1. High Cost

6. Global Construction Software Market Analysis and Projection, By Component Type
   • 1. Segment Overview
   • 2. Services
   • 3. Software
7. Global Construction Software Market Analysis and Projection, By Modules
   • 1. Segment Overview
   • 2. Procure Management
   • 3. Labor Management
   • 4. Customer Management
   • 5. Real Estate Management
   • 6. Finance Management
   • 7. Others
8. Global Construction Software Market Analysis and Projection, By End-User
   • 1. Segment Overview
   • 2. Owners
   • 3. Engineers
   • 4. Home Remodelers
   • 5. Contractors
   • 6. Architect
   • 7. Others
9. Global Construction Software Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

10. Global Construction Software Market-Competitive Landscape
    • Overview
    • Market Share of Key Players in the Construction Software Market
      • 2.1. Global Company Market Share
      • 2.2. North America Company Market Share
      • 2.3. Europe Company Market Share
      • 2.4. APAC Company Market Share
    • Competitive Situations and Trends
      • 3.1. Technology Launches and Developments
      • 3.2. Partnerships, Collaborations, and Agreements
      • 3.3. Mergers & Acquisitions
      • 3.4. Expansions

11. Company Profiles
    • Arkema S.A.
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Dura-Bond Industries
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Tenaris
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Wah Seong Corporation Berhad
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • The 3M Company
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Winn & Coales Ltd
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Shawcor Ltd.
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • PPG Industries
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Wasco Energy Group of Companies
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • BASF SE
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • B. Foster Company
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Aegion Corporation
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Eupec Pipecoatings Company Ltd.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Berry Plastics CPG
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Construction Software Market, By Component Type, 2023–2030 (USD Million)
2. Global Services, Construction Software Market, By Region, 2023–2030 (USD Million)
3. Global Software, Construction Software Market, By Region, 2023–2030 (USD Million)
4. Global Construction Software Market, By Modules, 2023–2030 (USD Million)
5. Global Procure Management, Construction Software Market, By Region, 2023–2030 (USD Million)
6. Global Labor Management, Construction Software Market, By Region, 2023–2030 (USD Million)
7. Global Customer Management, Construction Software Market, By Region, 2023–2030 (USD Million)
8. Global Real Estate Management, Construction Software Market, By Region, 2023–2030 (USD Million)
9. Global Finance Management, Construction Software Market, By Region, 2023–2030 (USD Million)
10. Global Others, Construction Software Market, By Region, 2023–2030 (USD Million)
11. Global Construction Software Market, By End-User, 2023–2030 (USD Million)
12. Global Owners, Construction Software Market, By Region, 2023–2030 (USD Million)
13. Global Engineers, Construction Software Market, By Region, 2023–2030 (USD Million)
14. Global Home Remodelers, Construction Software Market, By Region, 2023–2030 (USD Million)
15. Global Contractors, Construction Software Market, By Region, 2023–2030 (USD Million)
16. Global Architect, Construction Software Market, By Region, 2023–2030 (USD Million)
17. Global Others, Construction Software Market, By Region, 2023–2030 (USD Million)
18. Global Construction Software Market, By Region, 2023–2030 (USD Million)
19. North America Construction Software Market, By Component Type, 2023–2030 (USD Million)
20. North America Construction Software Market, By Modules, 2023–2030 (USD Million)
21. North America Construction Software Market, By End-User, 2023–2030 (USD Million)
22. USA Construction Software Market, By Component Type, 2023–2030 (USD Million)
23. USA Construction Software Market, By Modules, 2023–2030 (USD Million)
24. USA Construction Software Market, By End-User, 2023–2030 (USD Million)
25. Canada Construction Software Market, By Component Type, 2023–2030 (USD Million)
26. Canada Construction Software Market, By Modules, 2023–2030 (USD Million)
27. Canada Construction Software Market, By End-User, 2023–2030 (USD Million)
28. Mexico Construction Software Market, By Component Type, 2023–2030 (USD Million)
29. Mexico Construction Software Market, By Modules, 2023–2030 (USD Million)
30. Mexico Construction Software Market, By End-User, 2023–2030 (USD Million)
31. Europe Construction Software Market, By Component Type, 2023–2030 (USD Million)
32. Europe Construction Software Market, By Modules, 2023–2030 (USD Million)
33. Europe Construction Software Market, By End-User, 2023–2030 (USD Million)
34. Germany Construction Software Market, By Component Type, 2023–2030 (USD Million)
35. Germany Construction Software Market, By Modules, 2023–2030 (USD Million)
36. Germany Construction Software Market, By End-User, 2023–2030 (USD Million)
37. France Construction Software Market, By Component Type, 2023–2030 (USD Million)
38. France Construction Software Market, By Modules, 2023–2030 (USD Million)
39. France Construction Software Market, By End-User, 2023–2030 (USD Million)
40. UK Construction Software Market, By Component Type, 2023–2030 (USD Million)
41. UK Construction Software Market, By Modules, 2023–2030 (USD Million)
42. UK Construction Software Market, By End-User, 2023–2030 (USD Million)
43. Italy Construction Software Market, By Component Type, 2023–2030 (USD Million)
44. Italy Construction Software Market, By Modules, 2023–2030 (USD Million)
45. Italy Construction Software Market, By End-User, 2023–2030 (USD Million)
46. Spain Construction Software Market, By Component Type, 2023–2030 (USD Million)
47. Spain Construction Software Market, By Modules, 2023–2030 (USD Million)
48. Spain Construction Software Market, By End-User, 2023–2030 (USD Million)
49. Asia Pacific Construction Software Market, By Component Type, 2023–2030 (USD Million)
50. Asia Pacific Construction Software Market, By Modules, 2023–2030 (USD Million)
51. Asia Pacific Construction Software Market, By End-User, 2023–2030 (USD Million)
52. Japan Construction Software Market, By Component Type, 2023–2030 (USD Million)
53. Japan Construction Software Market, By Modules, 2023–2030 (USD Million)
54. Japan Construction Software Market, By End-User, 2023–2030 (USD Million)
55. China Construction Software Market, By Component Type, 2023–2030 (USD Million)
56. China Construction Software Market, By Modules, 2023–2030 (USD Million)
57. China Construction Software Market, By End-User, 2023–2030 (USD Million)
58. India Construction Software Market, By Component Type, 2023–2030 (USD Million)
59. India Construction Software Market, By Modules, 2023–2030 (USD Million)
60. India Construction Software Market, By End-User, 2023–2030 (USD Million)
61. South America Construction Software Market, By Component Type, 2023–2030 (USD Million)
62. South America Construction Software Market, By Modules, 2023–2030 (USD Million)
63. South America Construction Software Market, By End-User, 2023–2030 (USD Million)
64. Brazil Construction Software Market, By Component Type, 2023–2030 (USD Million)
65. Brazil Construction Software Market, By Modules, 2023–2030 (USD Million)
66. Brazil Construction Software Market, By End-User, 2023–2030 (USD Million)
67. Middle East and Africa Construction Software Market, By Component Type, 2023–2030 (USD Million)
68. Middle East and Africa Construction Software Market, By Modules, 2023–2030 (USD Million)
69. Middle East and Africa Construction Software Market, By End-User, 2023–2030 (USD Million)
70. UAE Construction Software Market, By Component Type, 2023–2030 (USD Million)
71. UAE Construction Software Market, By Modules, 2023–2030 (USD Million)
72. UAE Construction Software Market, By End-User, 2023–2030 (USD Million)
73. South Africa Construction Software Market, By Component Type, 2023–2030 (USD Million)
74. South Africa Construction Software Market, By Modules, 2023–2030 (USD Million)
75. South Africa Construction Software Market, By End-User, 2023–2030 (USD Million)

List of Figures 

1. Global Construction Software Market Segmentation
2. Construction Software Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Construction Software Market Attractiveness Analysis By Component Type
9. Global Construction Software Market Attractiveness Analysis By Modules
10. Global Construction Software Market Attractiveness Analysis By End-User
11. Global Construction Software Market Attractiveness Analysis By Region
12. Global Construction Software Market: Dynamics
13. Global Construction Software Market Share By Component Type (2023 & 2030)
14. Global Construction Software Market Share By Modules (2023 & 2030)
15. Global Construction Software Market Share By End-User (2023 & 2030)
16. Global Construction Software Market Share by Regions (2023 & 2030)
17. Global Construction Software Market Share by Company (2021)