Global Construction Project Management Software Market by Offering (Solution, Service), by Deployment Mode (On-Premise, Cloud), by Building Type (Commercial Buildings, Residential Buildings), by End-user (Architects and Designers, Construction Managers, Others), by Application (Project Management and Scheduling, Safety and Reporting, Project Design, Field Service Management, Cost Accounting, Others), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022–2031

Report Overview

The Global Construction Management Software Market is Predicted to Attain USD 4,767.7 Million by 2032 from USD 1,985.6 Million in 2022 with a Growing CAGR of 9.4% during the forecast year 2023-2032

Construction project management software (CPMS) assists construction professionals in overseeing every aspect of a construction project from planning, scheduling, budgeting, communication and tracking progress to identifying risks and making informed decisions. Construction management software adoption continues to rise due to large-scale development projects around the globe which is expected to fuel future market expansion.

Construction management software allows end users to effectively plan projects by outlining goals, scope, budgeting requirements and costs associated with each individual construction project. Construction management software also reduces project expenses for home builders, remodelers, specialty contractors and general contractors – which makes its use an invaluable asset in managing any given job site. As end-user demand continues to surge this software solution market is expected to thrive for some time yet! The global construction management software market should experience exponential growth over the forecast period as more businesses see its benefit and demand grows steadily among end-users who purchase this tool from end-users who utilize its benefits!

Note: Actual Numbers Might Vary In The Final Report

Government initiatives for large commercial projects have contributed significantly to market expansion. Adopting cloud-based technology within construction management software adds additional value and results in significant long-term benefits, including construction professionals becoming aware and accepting it; thanks to digitalization demands in construction projects, cloud adoption rates remain strong – fuelling global construction management software market expansion.

Key Trends

• The increasing adoption of cloud-based solutions: Cloud solutions have quickly gained prominence within the construction industry due to their numerous benefits such as scalability, flexibility and cost-efficiency.
• Artificial Intelligence (AI) usage: AI technology has quickly become more widely utilized within construction project management software in order to automate tasks, facilitate decision-making processes and detect risks more accurately.
• Sustainability Focus in Construction Project Management Software: Construction project management software has increasingly focused on sustainability goals in recent years and helps projects meet those targets more successfully.

Driving factors

• Rising complexity of construction projects: Modern projects have become more complicated as technologies advance and sustainability standards rise; adding another element is multiple stakeholder involvement and involvement of multiple stakeholders – these factors drive demand for project management software that streamlines the management process and increases efficiency.
• Need for Improvement of Efficiency and Productivity: In order to remain competitive, construction project management software offers a solution by automating tasks, providing real-time data feeds, identifying risks early, and helping mitigate them effectively.
• Rising Adoption of Cloud Solutions: Cloud solutions have become increasingly popular within the construction industry due to their range of advantages over on-premises solutions, such as their scalability, flexibility, and cost-efficiency – driving the growth of the construction project management software market overall.
• Artificial Intelligence (AI) Use in Construction Project Management Software: AI is becoming an increasingly prevalent trend within project management software to automate tasks, facilitate decision-making processes and identify risks; this trend will undoubtedly fuel market expansion over the coming years.
• Focus on Sustainability: With increased attention being directed toward sustainability within the construction industry and project management software used to meet sustainability goals becoming ever more prominent, this trend will likely propel its expansion over the coming years.

Restraining factors

• High cost of software: Construction project management software can be expensive, which can be a barrier for some businesses.
• Lack of awareness: There is still a lack of awareness about the benefits of construction project management software among some businesses in the construction industry.
• Lack of integration with other systems: Some construction project management software solutions are not well integrated with other systems used in the construction industry, such as accounting software and scheduling software. This can be a barrier to adoption.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a significant impact on the construction industry, and the construction project management software market is no exception. The pandemic has led to delays and cancellations of construction projects, which has negatively impacted the market. However, the market is expected to recover in the coming years, as construction activity resumes.

By Deployment Mode

The leading segment in the construction project management software market by deployment mode is the cloud. There are several reasons for the growth of the cloud-based segment. First, cloud-based solutions offer a number of advantages over traditional on-premises solutions, such as scalability, flexibility, and cost-effectiveness. Second, the construction industry is increasingly adopting cloud-based solutions across all industries. Third, the growing use of mobile devices and the internet is making it easier for construction professionals to access cloud-based solutions.

By Building Type

The best segment in the construction project management software market by building type is commercial buildings. There are several reasons for the growth of the commercial buildings segment. First, the commercial construction industry is larger than the residential construction industry. Second, commercial buildings are typically more complex than residential buildings, which requires more sophisticated project management software. Third, the growing focus on sustainability in the commercial construction industry is driving the demand for construction project management software that can help projects meet sustainability goals.

By End-user

Architects and Designers Industry Leads the End-Use Industry Segment in construction project management software market by Covering Major Revenue Share in Account.

There are several reasons for the growth of the architects and designers segment. First, architects and designers are increasingly using construction project management software to help them with tasks such as scheduling, budgeting, and document management. Second, the growing complexity of construction projects is driving the demand for construction project management software that can help architects and designers manage their projects effectively. Third, the growing use of BIM (Building Information Modeling) is driving the demand for construction project management software that can integrate with BIM software.

By Application

The leading application in the construction project management software market by application is project management and scheduling. There are several reasons for the growth of the project management and scheduling segment. First, project management and scheduling are essential tasks for any construction project. Second, the growing complexity of construction projects is driving the demand for construction project management software that can help to manage projects effectively. Third, the growing use of BIM (Building Information Modeling) is driving the demand for construction project management software that can integrate with BIM software.

Growth Opportunities

The construction project management software market is expected to grow in the coming years, due to the factors mentioned above. Some of the key growth opportunities for the market include:

• The increasing adoption of cloud-based solutions
• The growing use of artificial intelligence (AI)
• The increasing focus on sustainability
• The need to improve efficiency and productivity in the construction industry

Key Market Segmentation

By Offering

• Solution
• Service
  • Service Type
    • Professional Services
    • Managed Services

By Deployment Mode

• On-Premise
• Cloud

By Building Type

• Commercial Buildings
• Residential Buildings

By End-user

• Architects and Designers
• Construction Managers
• Others

By Application

• Project Management and Scheduling
• Safety and Reporting
• Project Design
• Field Service Management
• Cost Accounting
• Others

Regional Analysis

On a regional analysis basis, the Global Construction Management Software Market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held the highest market share with USD market value. Asia-Pacific followed closely behind at the second spot due to increasing project requirements due to urbanization trends as well as an emphasis on lean management that is driving demand for construction management software products in these regions. As a result of such factors leading to stronger market expansion across these regions due to growing requirements from large-scale project managers as well as Lean management becoming emphasized among many of them- hence an upsurge in demand for Construction Management Software is apparent!

Key Regions and Countries Covered in this Report

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia
  • Netherland
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • New Zealand
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Market Share and Key Players

The construction project management software market is a fragmented one, with a large number of players competing for market share.

The following are some of the top key players in the market:

• Sage Group Plc
• Autodesk Inc.
• Trimble Inc.
• Oracle
• Bentley Systems
• Incorporated
• Buildertrend Solution
• Computer Methods International Corp
• Construct Connect Inc.
• Procore Technologies Inc. and others

Report Scope