Global Construction Management Software Market is Expected to Reach USD 1.8 Billion by 2022 | Technavio
Jul. 11, 2018
LONDON--(BUSINESS WIRE)--Jul 11, 2018--The global construction management software market is expected to reach USD 1.8 billion by 2022, according to the latest market research report by .
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 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.
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.
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 LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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 .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180711005674/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 07/11/2018 01:03 PM/DISC: 07/11/2018 01:03 PM