Construction ERP Software Market Definition
The construction ERP software is an enterprise resource planning tool that caters to the construction industry, it provides the technology with an integrated system. This software is widely used by the general contractors, subcontractors, engineers, etc offering features like financial management, construction accounting, payroll, and service in one central database.
The market study is broken down, by Application (Small-medium Enterprise and Large Enterprises) and major geographies with country level splits.
Oracle NetSuite ERP (United States), Penta Technologies, Inc. (United States), Procore Technologies (United States), Viewpoint, Inc. (United States), CMiC (Canada), Sage Group plc (United Kingdom), Epicor Software Corporation (United States), UDA Technologies (United States), Cosmo Consult (United States), Hyphen Solutions, Ltd. (United States), Corecon Technologies, Inc. (United States), Microsoft Dynamics (United States) and Constellation HomeBuilder Systems, Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are e-Builder, Inc. (United States) and Chetu Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Construction ERP Software market by Type, Application and Region.
On the basis of geography, the market of Construction ERP Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. PC will boost the Construction ERP Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Construction ERP Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. CAD Interface will boost the Construction ERP Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Contractors will boost the Construction ERP Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 28th May 2020, Constellation HomeBuilder Systems, the largest provider of home building software solutions and services, has acquired LandDev, a leading cloud-based software system for commercial and residential real estate land developers. With many of its most notable customers already using LandDev, the acquisition will allow Constellation HomeBuilder Systems to expand deeper into the construction process.
On 15th July 2019, Microsoft Dynamics practice, Netsmartz, LLC completes a strategic acquisition to expand the diverse portfolio of customers and technology solutions built on the Microsoft Dynamics 365 framework. The acquisition of the Microsoft Dynamics practice of the Gemko Information Group, LLC, and industry-leading construction ERP software ‘ProjectPro’ provides a promising opportunity to Netsmartz LLC to provide top-notch service to existing and new clients.
- Emerging IoT and Big Data Analytics in Construction ERP Software
- Need for the Efficiency and Effective Project Control For Proper Construction Project Management
- Rising Number of Construction Projects
- Surging Investment in Construction Industry will Boost the Construction ERP Software Industry
- Requirements of Skilled Professionals for Operation of Construction ERP Software
- Technical Errors and Issues with Connectivity
Key Target AudienceConstruction ERP Software Developers, Construction ERP Software International Traders, Construction ERP Software Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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