NEW YORK, Aug. 8, 2022 /PRNewswire/ — The construction management software market share is set to grow by USD 1.13 billion from 2021 to 2026, progressing at a CAGR of 8.51% as per the latest market report by Technavio.  Technavio categorizes the construction management software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the construction management software market during the forecast period.

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Construction Management Software Market 2022-2026: Scope

Our construction management software market report covers the following areas:

Construction Management Software Market 2022-2026: Vendor Analysis

The construction management software market is fragmented and the vendors are deploying growth strategies such as focusing on M and A to compete in the market. ARES Corp., Autodesk Inc., B2W Software Inc., Bentley Systems Inc., Buildertrend Solutions Inc., Chetu Inc., Computer Methods International Corp., Constellation HomeBuilder Systems, ConstructConnect Inc., Hyland Software Inc., InEight Inc., Nemetschek SE, Odoo SA, Oracle Corp., Penta Technologies Inc., Sage Group Plc, Trimble Inc., and Procore Technologies Inc. are some of the major market participants.

• Autodesk Inc. – The company is involved in offering a wide range of construction management software such as AEC collection, Revit, and BIM 360 among others with embedded technology of cloud to connect workflows, teams, and data at every stage of construction to reduce risk, maximize efficiency, and increase profits.

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Construction Management Software Market 2022-2026: Vendor Analysis

• Major Driver – The increasing requirements for large-scale project management is one of the key drivers supporting the construction management software market growth. Currently, organizations are focusing on cultivating and managing the resources necessary for efficient product outputs, which increases the requirements for large-scale construction project management solutions. The primary purpose of the construction management software is to automate processes to ensure maximum outputs by managing resources and maintaining a regular follow-up.

• Major Challenges – Challenges from open-source platforms are the factors hindering the construction management software market growth. With the increasing need for digitalization in the current market scenario, the demand for open-source software has increased in the market. The open-source vendors provide a wide range of business analytics tools and applications. These types of feature-rich software are freely available via the internet. Hence, several small and emerging enterprises use them as the purchasing and licensing costs of commercial software are high.

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Construction Management Software Market 2022-2026: Segmentation Analysis

• Deployment

• End-user

• Geography

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Construction Management Software Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026

• Detailed information on factors that will assist construction management software market growth during the next five years

• Estimation of the construction management software market size and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the construction management software market

• Analysis of the market’s competitive landscape and detailed information on vendors

• Comprehensive details of factors that will challenge the growth of construction management software market vendors

The competitive scenario provided in the Construction Management Software Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Construction Management Software Market Forecast Report –  Buy Now!

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Table Of Contents :

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Deployment

6 Market Segmentation by End-user

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio