Construction Suites Software Market Trends and Forecast
The future of the global construction suites software market looks promising with opportunities in the large enterprise and small & medium enterprise markets. The global construction suites software market is expected to grow with a CAGR of 12.3% from 2024 to 2030. The major drivers for this market are increasing adoption of building information modeling technologies, rising demand for integrated project management and collaboration tools, and growing emphasis on efficiency & cost-effectiveness in construction management.
• Lucintel forecasts that cloud based is expected to witness higher growth over the forecast period.
• Within this market, large enterprise is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Construction Suites Software Market
• United States: Autodesk announced new features in its BIM 360 platform to enhance project collaboration and efficiency.
• China: Trimble expanded its Trimble Connect platform, integrating advanced analytics for real-time project monitoring and management.
• India: L&T Construction adopted ProcoreÄX%$%Xs construction management software to streamline operations and improve project timelines.
• Germany: Nemetschek launched a new version of Allplan, focusing on enhanced interoperability and BIM capabilities for complex infrastructure projects.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Suites Software Market by Segment
The study includes a forecast for the global construction suites software market by type, application, and region.
Construction Suites Software Market by Type [Value from 2018 to 2030]:
• Cloud Based
• Web Based
Construction Suites Software Market by Application [Value from 2018 to 2030]:
• Large Enterprises
• Small & Medium Enterprises
Construction Suites Software Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Construction Suites Software Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies construction suites software companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction suites software companies profiled in this report include-
• Procore
• Autodesk BIM 360
• Spectrum
• BuilderTREND
• UDA ConstructionSuite
• CMiC
• Corecon
• Jonas
• ProContractor
• Oracle Primavera
Recent Development in the Construction Suites Software Market
• Procore Technologies: Launched Procore Analytics, providing real-time insights into project performance metrics to optimize decision-making and project outcomes.
• Bentley Systems: Introduced ProjectWise 365, a cloud-based collaboration platform integrating Microsoft 365, enabling seamless data exchange and project management capabilities.
• Nemetschek Group: Integrated Bluebeam into its open BIM platform, streamlining workflows for design review and document management across construction projects.
• Viewpoint, a Trimble Company: Enhanced ViewpointOne platform with expanded capabilities in construction financials, project management, and field operations, aiming to streamline project lifecycle management.
• ConstructConnect: Launched SmartBid, a construction bid management software, integrating new features for subcontractor prequalification and bid management to streamline project procurement processes.
Features of the Global Construction Suites Software Market
Market Size Estimates: Construction suites software market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Construction suites software market size by type, application, and region in terms of value ($B).
Regional Analysis: Construction suites software market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the construction suites software market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the construction suites software market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for construction suites software market?
Answer: The global construction suites software market is expected to grow with a CAGR of 12.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the construction suites software market?
Answer: The major drivers for this market are increasing adoption of building information modeling technologies, rising demand for integrated project management and collaboration tools, and growing emphasis on efficiency & cost-effectiveness in construction management.
Q3. What are the major segments for construction suites software market?
Answer: The future of the construction suites software market looks promising with opportunities in the large enterprise and small & medium enterprise markets.
Q4. Who are the key construction suites software market companies?
Answer: Some of the key construction suites software companies are as follows:
• Procore
• Autodesk BIM 360
• Spectrum
• BuilderTREND
• UDA ConstructionSuite
• CMiC
• Corecon
• Jonas
• ProContractor
• Oracle Primavera
Q5. Which construction suites software market segment will be the largest in future?
Answer: Lucintel forecasts that cloud based is expected to witness higher growth over the forecast period.
Q6. In construction suites software market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the construction suites software market by type (cloud based and web based), application (large enterprises and small & medium enterprises), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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