Kings Research today announced the release of its latest market intelligence study, “Global Construction Management Software Market: Size, Share, Trends & Forecast 2024–2031.” The report provides an in-depth analysis of market size, growth drivers, technological trends, regional outlook, and competitive dynamics.
According to Kings Research, the global construction management software market was USD 9.67 billion in 2023 and is expected to reach USD 20.67 billion by 2031 at a CAGR of 10.12%. The market is driven by the increasing adoption of cloud-based platforms, AI, and machine learning, which help in streamlining project management, scheduling, budgeting, and resource allocation across construction projects.
Construction management software is designed to assist construction professionals in planning, coordinating, and managing projects. These solutions include project scheduling, resource allocation, budgeting, document management, and communication tools, centralizing critical operations for better decision-making and efficiency.
Kings Research identifies the following drivers for the construction management software market:
- Digital Transformation in Construction: Integration of AI, IoT, and BIM technologies is improving project efficiency and decision-making.
- User-Friendly Interfaces: Simplified software design enables easier adoption, particularly among SMEs and non-technical users.
- Automation: Repetitive tasks such as scheduling and budgeting are automated, reducing errors and saving time.
- Residential Construction Growth: Increasing urbanization and government incentives are fueling demand for residential project management solutions.
- Cloud and Mobile Adoption: Cloud-based and mobile platforms allow real-time collaboration across dispersed teams.
- Government Initiatives and Industry Collaboration: Governments in major regions like North America, Europe, and the Asia Pacific are promoting digital transformation in the construction sector. For instance, the European Union’s Digital Decade initiative aims to achieve a digitally empowered society by 2030, with a focus on digital skills, infrastructure, and business transformation (Source: www.weforum.org).
B2B Leaders in construction, residential, and infrastructure sectors can benefit from construction management software through:
- Higher Productivity: Automation and centralized data reduce project delays.
- Better Accuracy: Real-time tracking and predictive analytics improve project outcomes.
- Operational Efficiency: Cloud-based and on-premises options cater to different firm sizes and needs.
- Cost Savings: Optimized resource allocation reduces wastage and cost overruns.
Regional Outlook
- North America: Largest market with a 36.28% share (USD 3.51 billion in 2023), driven by early adoption of advanced tools and digital transformation.
- Asia-Pacific: Fastest-growing region, expected to grow at a CAGR of 10.81%, fueled by rapid urbanization, infrastructure investment, and adoption of cloud-based solutions.
Competitive Landscape
The global market is fragmented, with companies pursuing partnerships, mergers & acquisitions, and product innovations to expand their portfolios. Key players include Oracle, Bentley Systems, Sage Group plc, Procore Technologies, Microsoft, Trimble, Autodesk, Intuit, Nemetschek Group, and Jonas Construction Software Inc.
The full Kings Research report offers detailed segmentation by deployment, building type, application, and region, along with competitive benchmarking and industry forecasts. To request a sample report or access the complete study, visit https://www.kingsresearch.com/construction-management-software-market-146
About Kings Research
Kings Research is a global provider of syndicated research reports and consulting services, enabling organizations to navigate emerging markets, assess opportunities, and make informed strategic decisions.
All market data are sourced from Kings Research proprietary analysis, validated against credible sources and industry publications. Key references include the U.S. Department of Housing and Urban Development (www.hud.gov), the Construction Industry Institute (www.construction-institute.org), and the International Federation of Consulting Engineers (www.fidic.org).