What is Cloud Construction Software?
Cloud construction management software is a project management platform that helps in planning, coordinating, and control during the work to enhance the performance of construction projects such as residential, commercial, industrial, institutional, and environmental. It reduces the time, minimizes the cost associated with management, and helps to control and reduce the waste associated with all the processes. A study shows that cloud construction software helps to reduce the project time by 7 percent with higher productivity and efficiency. Moreover, this software boosts efficiency, productivity, accessibility, and security that makes it a worthy investment for construction firms of all sizes. According to a recent study from Associated General Contractors of America (AGC), 85 percent of construction contractors use or plan to use cloud-based solutions.
The market study is broken down, by Application (Commercial, Residential and Industrial) and major geographies with country level break-up.
Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Cloud Construction Software market throughout the predicted period.
Oracle Corporation (United States), Bentley Systems Inc. (United States), Procore Technologies, Inc. (United States), UDA Technologies (United States), PlanGrid, Inc. (United States), Buildertrend (United States), Sage Software (United States), Viewpoint Inc. (United States), Co-construct (United States) and e-Builder Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Fieldwire (United States), RedTeam (United States), eSUB Inc. (United States), Autodesk Inc. (United States), CMiC (Canada) and GLODON Software (China).
AdvanceMarketAnalytics has segmented the market of Global Cloud Construction Software market by Type, Application and Region.
On the basis of geography, the market of Cloud Construction 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 Enterprise Size, the sub-segment i.e. Large Enterprises will boost the Cloud Construction Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Mobile Based will boost the Cloud Construction Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. One Time License will boost the Cloud Construction 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. Public will boost the Cloud Construction 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. General Contractors will boost the Cloud Construction 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 October 27, 2020, Procore Technologies, Inc., a leading provider of construction management software, has acquired Esticom, a cloud-based estimating and takeoff solution and leader in preconstruction technology. This acquisition will add powerful estimating functionality to the Procore platform, complementing Procore's preconstruction offering by enabling greater accuracy in cost estimates.
On November 17, 2020, Autodesk, Inc. has introduced a new set of products for Autodesk Construction Cloud that further connect data, workflows and teams throughout the entire building lifecycle, from design to operations.
- Integration with Other Software’s Such As Estimating and Accounting Software
- Increasing Investments in Infrastructure Development in the United States
- Rising Popularity of Cloud-Based Software, Increasing Applications of Lean Management in Construction Management, And Process Automation
- Increasing Investments in Research Activities and Business Expansion
- High Cost of the Cloud Construction Software
- High Competition among Industry Players
- Threat from Open-Source Construction Software
Key Target AudienceConstruction Software Providers, Construction Industry, Small, Medium and Large Organisations, Industry Association, Downstream Vendors, End Users and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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