Construction Management Software Market Analysis

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.

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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.