Global Construction Management Software Market is Expected to Reach USD 1.8 Billion by 2022 | Technavio

The global construction management software market is expected to reach
USD 1.8 billion by 2022, according to the latest market research report
by Technavio.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180711005674/en/

Technavio has published a new market research report on the global construction management software market from 2018-2022. (Graphic: Business Wire)

A key factor driving the market’s growth is the increasing requirements
for large-scale project management. At present, 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. Automation of
processes in order to ensure maximum outputs by managing resources and
maintaining a regular follow-up is the primary purpose of the
construction management software.

This market research report on the global
construction management software market 2018-2022 provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio predicts an emerging trend
as a major factor that has the potential to significantly impact the
market and contribute to its growth or decline.

THIS REPORT IS AVAILABLE AT A USD 1,000 DISCOUNT FOR A LIMITED TIME
ONLY: VIEW
MARKET SNAPSHOT BEFORE PURCHASING

In this report, Technavio highlights the integration of construction
management software estimation and accounting software as one of the key
emerging trends in the global construction management software market:

Global construction management software market:
Integration of construction management software estimation and
accounting software

Players in the market are trying to integrate construction management
software with all types of estimation and accounting software for
managing the construction business. The software players are aiding the
integration with the help of professional software teams that have
experts. This type of integration is designed particularly for
sub-contractors to enhance their productivity and increase profits.

“The integrated construction management software allows players to
purchase orders, change orders, as well as pull and populate employees.
It can handle material costs, cost codes, and contacts. This integrated
software significantly enhances the communication between the accounting
staff and employees who are in the field,” says a senior analyst at
Technavio for research on enterprise application.

Global construction management software market:
Segmentation analysis

This market research report segments the global construction management
software market into the following end-users (builders and contractors,
construction managers, and engineers and architects) and key regions
(the Americas, APAC, and EMEA).

The builders and contractors segment held the largest market share in
2017, accounting for nearly 46% of the market. This end-user segment is
expected to dominate the global market throughout the forecast period.

LOOKING FOR MORE INFORMATION ON THIS MARKET? REQUEST
A FREE SAMPLE REPORT

Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
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 10,000 reports and counting, covering 800 technologies,
spanning across 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.

If you are interested in more information, please contact our media team
at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180711005674/en/

Leave a Comment