Construction Management Software Market Size, Share, and Industry Analysis, By Building Type (Commercial, Residential, and Industrial); By Deployment (On-premises and Cloud); By Application (Project Management and Scheduling, Safety and Reporting, Project Design, Field Service Management, Cost Accounting, and Others), By End-user (Architect and Engineers, Facility or Construction Managers, and Builders and Contractors), and Regional Forecast, 2025-2032

Construction management software is a type of project management platform that assists companies with various processes, such as communication, decision-making, budget management, and job scheduling, among others. It is a project management tool that is tailored specifically for construction professionals. This type of software provides a range of benefits to members of the construction industry by automating processes that were earlier executed manually. These benefits include improved communication, better decision-making, and streamlined job scheduling, among others. Using construction management software can help organizations save time and increase efficiency.

The global rise in construction and development projects has resulted in an increased demand for construction management software platforms. These software tools help with budget management, communication, decision-making, cost estimation, and others. Additionally, the growing number of supportive initiatives from governments is positively impacting the growth of the market.

• In October 2023, the Free Trade Agreement (FTA) has recently announced funding for the Advanced Digital Construction Management Systems (ADCMS) Program. The FTA is soliciting proposals from organizations that are interested in accelerating the use of advanced digital management systems within the transit industry. The goal is to improve the delivery of transit infrastructure projects.

The COVID-19 pandemic has had a significant impact on the global construction management software market. The sales of construction management software were negatively affected by the pandemic, along with the construction industry as a whole. Travel restrictions and supply chain constraints increased challenges for industry players. To recover from the pandemic, software providers started making strategic decisions. Further, industry players undertook research and development activities to improve the technologies used in construction operations, planning to bring them to the market. This would help integrate and automate work processes.

Impact of Generative AI on the Construction Management Software Market

Industries are rapidly adopting AI disruptors to keep up with technological advancements and unlock exponential business value. According to industry experts, generative AI is one of the most influential technology trends in 2022. Nearly 40% of companies plan to increase their AI investments in the coming years, largely due to the potential of generative AI.

Moreover, Gen AI has the potential to revolutionize the architecture, engineering, and construction (AEC) industry, which is one of the largest industries in the world. However, historically, this industry has been slow to adopt digital solutions and innovations. According to industry experts, this is rapidly changing, due to factors such as a shortage of skilled labor, high demand for infrastructure, and increased pressure for data transparency and integration from stakeholders. This is leading to a faster adoption of digital technologies in the AEC industry.

As a result, the AEC tech ecosystem had experienced a significant increase in investment and start-up launches. It is estimated that approximately USD 50 billion was invested in AEC tech from 2020 to 2022, representing an 85% increase from the previous three years. This surge in investment is expected to generate new growth opportunities for the construction management software market over the forthcoming years.

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by the Key Players


• Impact of Generative AI on the Global Construction Management Software Market


• Consolidated SWOT Analysis of Key Players

Segmentation

Analysis By Application 

In 2023, project management and scheduling gained significant popularity. The growing need for effective management and control of project activities, including resource allocation, time management and progress tracking, has become the primary force driving the global demand for project management and scheduling services.

For instance, in February 2021, Autodesk, Inc. introduced a new construction management software platform called Autodesk Build, which is based on Autodesk’s cloud platform and is available globally. This platform offers solutions for project management, safety, cost, and quality by linking workflows, data, and teams in one highly customizable environment. These project management and scheduling solutions allow businesses to accelerate and achieve project goals within a specified time frame.

Regional Analysis

The global construction management software market has been studied across five regions: North America, South America, Europe, the Middle East & Africa, and Asia Pacific. In 2023, a significant share of the market was held by North America, due to rising investments in technologies such as artificial intelligence (AI) and Internet of Things (IoT), particularly in lucrative markets such as the U.S. and Canada.

In addition, the construction management software market in North America is benefiting from the government's push for technology adoption in construction projects to achieve higher quality outcomes. The government's support in promoting technology use is further accelerating the market growth. Last year, the U.S. Congress passed the infrastructure investment bill, which offers government funding for various infrastructure projects and it is expected to increase the demand for labor, tools, and supplies used in construction.

The Asia Pacific is expected to experience the highest growth rate over the forecast period. This is primarily due to the increasing number of smart city projects across nations such as South Korea, China, India, and Singapore. The growing urbanization continues to propel the demand for efficient and advanced solutions in construction and infrastructure. China is predicted to dominate the regional market due to the vast number of planned infrastructure projects in the country. Some of the large-scale construction projects in China using construction management software include Shanghai Tower, Beijing Phoenix Media Centre, and Shanghai Disneyland Resort.

• In November 2023, Sage Group had launched Sage Construction Management in Canada, expanding its construction cloud suite with project management and cloud pre-construction capabilities.

Distribution of the Global Construction Management Software Market, By Region

• North America – 32%


• South America – 9%


• Europe – 26%


• Middle East and Africa – 13%


• Asia Pacific – 20%

Key Players Covered

The report provides the profiles of key players such as Autodesk Inc., Oracle Corporation, Trimble Inc., Sage Group Plc., Bentley Systems Inc., Buildertrend Solution, Procore Technologies Inc., Nemetschek Group, and Constellation Software Inc.

Key Industry Developments

• September 2023: Procore Technologies Inc. launched Procore Pay, a new service integrated with its construction project management platform. This tool is aimed at simplifying the payment process for subcontractors and automating lien waiver management for general contractors. By integrating with the existing invoicing tool, Procore Pay streamlines the payment process and eliminates the need for manual management of lien waivers.


• November 2022: Trimble Inc. launched a new software solution to improve productivity and efficiency, reduce waste, and simplify communication among project team members. This technology allows contractors to easily track their tools and assign tasks using an interface that connects Trimble's Viewpoint Vista ERP and Construction One suite with Hilti Group's ON!Track asset management system. The aim of this new solution is to enhance data utilization and help contractors work more effectively.