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Construction Risk Assessment Software Market Share

Report ID: GMI11346
Published Date: Sep 2024
Report Format: PDF

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Construction Risk Assessment Software Market Share

Procore Technologies, Inc., Autodesk, Inc., and Oracle Corporation collectively hold a significant share of around 45% in the construction risk assessment software industry. These companies invest heavily in research and development, driving innovations in risk management solutions tailored for the construction industry. They leverage strategic partnerships with construction firms and industry stakeholders to broaden their market presence.

Their extensive distribution networks ensure widespread availability of their products across various regions. Additionally, these companies are integrating advanced technologies, such as AI and machine learning, into their software to enhance risk assessment capabilities, improve safety, and streamline project management, further solidifying their market dominance.

Construction Risk Assessment Software Market Companies

The major players operating in the construction risk assessment software industry are:

Procore Technologies, Inc.
Autodesk, Inc.
Oracle Corporation
Buildertrend Solutions, Inc.
Trimble Inc.
Bentley Systems, Incorporated
Raken, Inc.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of construction risk assessment software was worth over USD 2.1 billion in 2023 and is estimated to register a CAGR of over 9% between 2024 and 2032, owing to the increasing focus on safety and regulatory compliance.

In 2023, the cloud segment accounted for a market share of around 78%, due to scalability and flexibility, allowing companies to easily adjust resources based on project needs without significant upfront investment.

Asia Pacific construction risk assessment software market held a major share of around 31% in 2023, due to rapid urbanization and industrialization across countries like China, India, and Southeast Asian nations.

Procore Technologies, Inc., Autodesk, Inc., Oracle Corporation, Buildertrend Solutions, Inc., Trimble Inc., Bentley Systems, Incorporated, and Raken, Inc.