Pune, India, Oct 2022, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Construction Software Market.
The global Construction Software market is projected to grow at a 9.5% CAGR during the forecast period, 2022–2030.
The geographic analysis of the Construction Software market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America, by country, has been segmented into the US, Canada, and Mexico. North America accounts for the significant market share in 2021 due to key players such as Trimble Inc, Oracle Corporation, Autodesk, Hexagon AB, and Procore Technologies. These companies are market leaders and continuously making significant investments in technological advancement. Additionally, increasing demand for Construction Software is fueling the growth of the North American market. The increasing popularity of cloud-based construction management software is expected to drive the demand for this market in the region. The growing use by general contractors across industries contributes to the growth of the US Construction Software market. Additionally, the increased adoption of 3D laser scanning fuels the development of this market. The rising investment in construction sector is also expected to fuel the demand for Construction Software in the US.
In Europe, increasing investments in transport infrastructure, energy, commercial and industrial projects, and demand for cloud-based solutions is driving the market growth in France. France is the epicenter of innovation in construction. Some of the world´s most famous testaments to engineering excellence resides in France. France´s construction industry is projected to continue experiencing growth in the forecast period, getting investments in energy, transport infrastructure, commercial, and industrial projects. More investments and more consumers mean more construction. With more construction projects being initiated, the need for various construction technology is expected to spur the growth of the market during the forecast period.
Asia-Pacific is expected to be the fastest-growing region for the global Construction Software market due to a growing focus on digitalization, increasing investments, and rapid development of infrastructure for residential, industrial, and commercial purposes, and increasing adoption of cloud platforms in the region.
China is expected to account for the largest market share in the region during the forecast period. The country is witnessing rapid growth in the construction industry owing to investments in large-scale infrastructure projects and upcoming railway construction projects in the country.
The construction industry in Japan is witnessing steady growth. The demand for increasing the efficiency of construction process management and investments in public and private construction is driving the market growth in the country.
India is expected to register considerable growth during the forecast period due to the government's high focus on building sustainable public, industrial, and commercial infrastructure. High focus on real-estate construction, digitalization, and growing adoption of cloud-based Construction Software is driving the market growth.
In the Middle East & Africa region, the market is driven by countries such as Saudi Arabia, the UAE, Oman, South Africa, and Egypt. The demand is mainly driven by countries such as Saudi Arabia and the UAE. Africa is expected to register substantial growth. The Middle East region holds enormous growth opportunities in the construction sector, owing to an increasing focus on developing innovative infrastructure facilities.
The demand for Construction Software in South America is increasing in countries such as Brazil, Argentina, Colombia, Chile, and Peru. The region is witnessing increased spending on public facilities and infrastructure projects, especially in countries such as Brazil, Peru, and Argentina, which is driving the demand for Construction Software among contractors and architects in the region. Furthermore, the increasing focus on urbanization and increasing cloud services are driving growth in the region. The high cost of software is expected to hamper the market growth in the region.
The key players of the Construction Software market include Sage Group PLC., Oracle Corporation, Trimble Inc, Procore Technologies, Inc, Jonas Construction Software Inc, Fieldwire, Autodesk, Inc., Buildertrend, Constructconnect, Inc, Corecon Technologies, Inc, Stack Construction Technologies, CMIC, Heavy Construction Systems Specialists, Inc, and Hexagon AB.
Access full report @ https://www.marketresearchfuture.com/reports/construction-software-market-6189
The Construction Software Market has been segmented based on type, deployment, organization size, application, and region.
Based on type, the global Construction Software market has been segmented into Project Management, Account/Financial Management, Quality & Safety, Field Productivity, and Others.
By deployment, the Construction Software market has been segmented into Cloud and On-Premise.
Based on organization size, the Construction Software market has been segmented into Large Enterprise and Small and Medium Enterprises.
By application, the Construction Software market has been segmented into General Contractors, Building Owners, Architects and Engineers, Sub-Contactors, and Specialty contractors.