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Construction Management Software Market Trends

Report ID: GMI5835
Published Date: Jul 2024
Report Format: PDF

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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.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of construction management software surpassed USD 6.3 billion in revenue in 2023 and is set to exhibit over 9% CAGR from 2024 to 2032, propelled by the increasing government initiatives for large commercial projects.

The commercial buildings segment held over 60% of the market share in 2023, owing to the increased emphasis on sustainable development.

North America accounted for more than 35% of the market share in 2023, driven by the increasing awareness and the rising government emphasis.

Some of the major construction management software companies are Autodesk Inc., Bentley Systems, Inc., Oracle Corporation, Trimble, Inc, Procore Technologies, Sage Group plc, Jonas Construction Software, E-Builder, Inc., and Cmic.