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Construction Procurement Software Market Share

Report ID: GMI11292
Published Date: Sep 2024
Report Format: PDF

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Construction Procurement Software Market Share

Autodesk and Bentley Systems dominate the market with over 12% of the market share. Autodesk focuses on integrating procurement functionalities within its broader construction management ecosystem. By enhancing its Autodesk Construction Cloud with advanced procurement tools, the company aims to provide a seamless solution for construction project management. This integration facilitates real-time data sharing, streamlined workflows, and improved collaboration among stakeholders, positioning Autodesk as a comprehensive solution provider.

Bentley Systems leverages its expertise in infrastructure design and management. The company is integrating procurement capabilities into its ProjectWise and Synchro platforms, enhancing them with features such automated supplier management and advanced analytics. Bentley’s strategy emphasizes integrating procurement software with its engineering and project management tools, offering a cohesive solution for managing complex construction projects

Construction Procurement Software Market Companies

Eminent players operating in the construction procurement software industry include:

Autodesk
Bentley Systems
Bluebeam, Inc.
Buildertrend
CoConstruct
Oracle
Procore
Sage
SAP SE
Trimble

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of construction procurement software was worth over USD 851.3 million in 2023 and will expand at an 8.5% CAGR between 2024 and 2032, owing to the need for increased efficiency and transparency in managing procurement processes.

The large organization segment will cross over USD 990 million by 2032, attributed to their complex procurement needs and extensive project portfolios.

North America construction procurement software industry accumulated 30% share in 2023, driven by the region's advanced technological infrastructure and high adoption rates of digital solutions.

Prominent players operating in the construction procurement software industry are Autodesk, Bentley Systems, Bluebeam, Inc., Buildertrend, CoConstruct, Oracle, Procore, Sage, SAP SE, and Trimble, among others.