The global construction project management software market was valued at USD 1,275 million in 2019 and is estimated to reach USD 1,917 million by 2026, expanding at a CAGR of 6% during the forecast period, 2020 – 2026. The growth of the market is attributed to increasing need of large scale project management and government initiatives for infrastructural development.

This software helps firms to collaborate on projects with the help of smartphones, laptops, and pc. It helps professional access project contracts, documents, and drawings to streamline several processes associated to the construction activities. Construction project management software is installed on premises or cloud by the firms.

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Market Trends, Drivers, Restraints, and Opportunities:

• The construction industry is witnessing a significant growth, the developed economies are focusing on maintaining and restoration operations, due to the aging infrastructure, the market is expected to grow at a significant rate during the forecast period.
• The rising investment by the governments is expected to influence the global construction project management software during the forecast period.
• Growing requirement for large scale process management solutions for the organizations, which mainly focus on managing and cultivating the resources for efficient product outputs. This factor is subsequently expected to fuel the demand for construction management software during the forecast period.
• Low penetration of Construction project management software in developing countries is projected to restraint the market growth during the forecast period.
• High cost of the software limits its adoption by the small size construction firm, which in turn is expected to restraint the market growth.
• Rise in number of construction projects is an opportunity for Construction project management software market to grow globally.
• The adoption of construction management software by the construction firms aids in efficient project management, as it decreases the response time. Moreover, the software helps in projecting profitability, as the software also calculates conversion ratios. This trend is expected to fuel the market growth during the forecast period.
• The trend of improving productivity is expected to increase the adoption of lean management in the construction management software market.

Competitive Landscape

Major players in the market include PlanGrid, Procore Technologies, BuildStar Technologies, Sage Group plc, CATCloud, Buildertrend, Buildtools Inc, Trimble Navigation Limited, Sage Group Plc, Aconex Ltd, e-Builder Inc, Jonas Construction Software Inc, Procore Technologies Inc., Autodesk Inc, and Viewpoint. Sage Group Plc, Trimble Inc., and Procore Technologies Inc., are some of the key market players. The accelerating growth momentum is expected to offer immense growth networking and opportunities; however, connectivity issues is expected to challenge the market growth during the forecast period. In order to make the most of the opportunities, the key market players are focusing more on the growth prospects segments and at the same time maintaining their positions in the growing segments.

Segments Covered in the Report

The global construction project management software market has been segmented on the basis of

By Product:

• Accounting integration
• Project management
• Contract management

By Types:

• Cloud
• On premises

By Application:

• Builders and contractor
• Construction managers and engineers
• Contractors

By Regions:

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

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The following is the TOC of the report:

4.1. Introduction

4.1.1. Market Taxonomy

4.1.2. Market Definition

4.2. Macro-Economic Factors

4.2.1. Industry Outlook

4.3. Construction Project Management Software Market Dynamics

4.3.1. Market Drivers

4.3.2. Market Restraints

4.3.3. Opportunity

4.3.4. Market Trends

4.4. Construction Project Management Software Market - Supply Chain

4.5. Global Construction Project Management Software Market Forecast

4.5.1. Construction Project Management Software Market Size (US$ Mn) and Y-o-Y Growth

4.5.2. Construction Project Management Software Market Size (000? Units) and Y-o-Y Growth

4.5.3. Construction Project Management Software Market Absolute $ Opportunity

5.1. Market Trends

5.2. Introduction

5.2.1. Basis Point Share (BPS) Analysis by Type

5.2.2. Y-o-Y Growth Projections by Type

5.3. Construction Project Management Software Market Size and Volume Forecast by Type

5.3.1. Installed-PC Software

5.3.2. Installed-Mobile Software

5.3.3. Cloud-based Software

5.4. Absolute $ Opportunity Assessment by Type

5.5. Market Attractiveness/Growth Potential Analysis by Type

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Tags: Construction Project Management Software Market Growth, Construction Project Management Software Market Trends, Construction Project Management Software Market Share, Construction Project Management Software Market Size, Construction Project Management Software Market Analysis, Construction Project Management Software Market forecast

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Contact Information:

Name: Alex Mathews

Address: 500 East E Street, Ontario,

CA 91764, United States.

Phone No: USA: +1 909 545 6473

Email:sales@dataintelo.com

Website:https://dataintelo.com