What is Home Building Softwares Market?
Home building software is commonly used to create and manage documentation for home building projects. It also helps professionals to monitor the projects, their progress, scheduling, and costs. The software also allows to create models for residential construction. The increasing demand for innovative and unique home designs has boosted the adoption of advanced technological solutions. However, the availability of a large number of players and rapid adoption of advanced technologies in the US raise huge market growth in the nearer future.
The market study is being classified, by Application (New Construction and Renovations) and major geographies with country level break-up.
Sage (United States), Trimble Inc. (United States), Chief Architect Software (United States), Oracle Corporation (United States), IMSI Design (United States), RoomSketcher (Norway), PlanSwift (United States), Knowify LLC (United States), Procore Technologies (United States), UDA Technologies (United States) and Buildertrend (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Home Building Softwares market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Home Building Softwares market by Type, Application and Region.
On the basis of geography, the market of Home Building Softwares has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Growth of Residential Building Construction Activities Due to Increasing Population and Urbanization
- Need for Technological Solutions to Make 3D Models and Manage Building Designs
- Emerging Trend of Cloud-based Software and Inclination towards the Mobile-based Software
- High Cost of Software Packages and Lack of Skilled Professionals
- Growing Implementation of Home Building Software by Small and Medium Industries
- Slow Adoption in the Underdeveloped Countries Due to Lack of Awareness
Market Leaders and some development strategies
In February 2021, Buildertrend acquired CoConstruct, a complementary provider of construction project management software. The acquisition will offer the most comprehensive suite of SaaS products and services that empower independent and custom residential construction businesses. The SaaS platform will offer flexible project management, customer engagement, bookkeeping, and supplies procurement. With the acquisition of CoConstruct, Buildertrend will expand its market share and be able to deliver innovative solutions to improve efficiency.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Home Building Software Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Home Building Softwares Market?
"High Growth of Residential Building Construction Activities Due to Increasing Population and Urbanization
" is seen as one of major growth factors of Home Building Softwares Market in years to come.
2. Can we have customized study for Home Building Softwares Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Home Building Softwares Market?
United States will lead Home Building Softwares Market in coming years.