Construction Management Software Market Size - By Deployment (On-premise, Cloud), Building Type (Commercial Buildings, Residential Buildings), End-User (Builders & Contractors, Construction Managers, Engineers & Architects), Application & Forecast, 2024 - 2032

Construction Management Software Market Size

Construction Management Software Market size was valued at USD 6.3 billion in 2023 and is anticipated to grow at a CAGR of over 9.1% between 2024 and 2032. Government initiatives for large commercial projects have aided market growth. The adoption of cloud-based technology in management software adds value to the construction management process, yielding significant long-term benefits. Awareness about the technology and the willingness to adopt it are some of the long-term benefits. Cloud-based technology is in high demand due to the increased need for digitalization in construction projects, fueling the industry size.
 

Construction management software is used to create, manage, and execute an effective construction management plan. It provides end users an effective construction planning that defines the project goals, scope, and budget. Construction management software also lowers construction project costs. It is advantageous to home builders, remodelers, specialty contractors, and general contractors. The market is expected to expand rapidly during the forecast period owing to an increase in the demand for construction management software among end users.
 

In the current market scenario, the demand for open-source software has increased in tandem with the growing need for digitalization. Open-source vendors provide a diverse set of business analytics tools and applications. These types of feature-rich software are easily accessible via the internet. As a result, many small & emerging businesses use them as the cost of purchasing and licensing commercial software is prohibitively expensive, limiting market size. In addition, a scarcity of skilled operators is expected to restrain the market in the long run.
 

COVID-19 Impacts

COVID-19 had a positive impact on the construction management software market. As a result of the pandemic, several construction and interior design firms have started offering virtual tours of their spaces to clients looking for design services. This allows stakeholders & investors in construction projects to have a clear picture of the project, promoting the construction and design software industry growth.
 

Construction Management Software Market Trends

The increasing adoption of construction management software is attributed to the ongoing large-scale development projects around the world, which will drive market revenue. The implementation of IoT and AI is also expected to provide lucrative market opportunities. Using AI and IoT in construction management can provide numerous benefits to the overall market. In addition, the growing importance of lean management is propelling market demand.
 

Construction Management Software Market Analysis

Based on building type, the commercial buildings segment held over 60% of the market share in 2023, due to an increase in the use of construction management software in commercial building construction. Furthermore, the increased emphasis on sustainable development is propelling the preference for green commercial buildings among occupiers and developers. As a result, the increased use of construction-based software and the growing commercial building sector will drive segment growth.
 

Based on application, the project design segment accounted for 20% of the construction management software market share in 2023 and is set to expand at 10% CAGR through 2032. The project design segment plays a significant role in the market by providing essential functionalities & benefits for construction project planning, design, and execution. The project design also drives efficiency, collaboration, risk mitigation, and productivity across the construction lifecycle. By providing advanced design capabilities and integration with project management features, these applications contribute to the growth and adoption of construction management software in the industry.
 

Based on end use, the construction management software market size from builders & contractors segment dominated around USD 2.5 billion in 2023. Construction management software standardizes the construction process by enabling the efficient & streamlined management of labor, site events, data capture, and information & material costs. Contractors can increase the profitability and efficiency of their projects by implementing this software. To deliver high-quality work, contractors and subcontractors require efficient management solutions. A busy contractor can use the features of construction management software to improve the project and the team's overall performance.
 

North America construction management software market was over 35% of the revenue share in 2023, attributed to increased awareness and the government's emphasis on the use of construction management software. Engineers, builders, architects, and builders are rapidly adopting digital systems in the infrastructure domain and BIM. As a result, the government's role in increasing software utilization due to higher quality construction projects combined with digitalization will drive market value.
 

Construction Management Software Market Share

Some of the major companies operating in the construction management software industry are:

• Autodesk Inc.
• Bentley Systems, Inc.
• Oracle Corporation
• Trimble, Inc
• Procore Technologies
• Sage Group plc
• Jonas Construction Software
• E-Builder, Inc.
• Cmic

These companies focus on strategic partnerships and new deployment launches & commercialization for market expansion. Furthermore, these companies are heavily investing in research, allowing them to introduce innovative solutions and garner maximum revenue in the market.
 

Construction Management Software Industry News

• In November 2022, Bentley Systems, Incorporated released the SYNCHRO Cost and SYNCHRO Perform applications, which are the most recent additions to its SYNCHRO construction management solution. This expansion of SYNCHRO's industry-leading 4D scheduling and project management solutions includes more capabilities to assist contractors in cost control and effectively connecting the tracking & planning of schedules and costs.
   
• In September 2022, ConstructConnect collaborated with Togal.AI, Inc., a software company, to expand the use of artificial intelligence & machine learning in non-residential pre-construction. Through this move, ConstructConnect will be able to reduce time-consuming activities performed by estimators, thus allowing it to focus more on high-value tasks and projects to achieve accuracy in estimates & bids.
   

The construction management software market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Deployment

• On-premise
• Cloud

Market, By Building Type

• Commercial Buildings
• Residential Buildings

Market, By Application

• Project Management & Scheduling
• Safety & Reporting
• Project Design
• Field Service Management
• Cost Accounting
• Others

Market, By End-Use

• Builders & Contractors
• Construction Managers
• Engineers & Architects

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa