Construction Estimating Software Market Scope
Construction estimation software, a set of programs, information and process, is utilized to enhance the speed and calculate the total cost of a project related to construction. The software also automates the formulations and provides the real cost estimation of the venture to the customers, in order to enhance the profitability and offering procedure, and effective in time management
According to AMA, the Global Construction Estimating Software market is expected to see growth rate of 10.9%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Construction Estimating Software market throughout the predicted period.
UDA Technologies (United States), Bluebeam (United States), RedTeam (United States), Microsoft (United States), Causeway Technologies (United Kingdom), Cordell Information (Australia), Sage Software (United States), Viewpoint (United Kingdom), ConstructConnect Inc. (United States), FastEST Inc. (United States), Vision InfoSoft (United States), QuoteSoft (United States) and eTakeoff (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are ProEst (United States), BuildingConnected (United States), PrioSoft (United States), Advanced Electrical Technologies (United States) and AppliCad (United States).
About Approach
The 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.
Segmentation Overview
The study have segmented the market of Global Construction Estimating Software market by Type (Job & Cost Tracking, Program Integration and Help & Support), by Application (SMEs, Large Organization and Other) and Region with country level break-up.
On the basis of geography, the market of Construction Estimating 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).
In January 2019, UDA Technologies released ConstructionSuite 10, the latest version of their award-winning construction management software suite. ConstructionSuite 10 introduces a brand-new, streamlined interface, along with many powerful upgrades to UDA’s industry-acclaimed project management tools. and In November 2018, Bluebeam Inc., leading developer of innovative technology solutions for the global architectural, engineering and construction (AEC) industries, and part of the Nemetschek Group, announced the formation of a German subsidiary to better serve customers and strategically advance its overall investment and presence across the region.
Market Trend
- Rapid adoption of cloud-based construction estimation software
- Increase in construction projects in APAC region
Market Drivers
- Increasing investments in infrastructure development in both developed and developing countries
- Emergence of smart cities across the globe especially in emerging economies such as India, China, Brazil
Opportunities
- Increase in real estate developments in Middle East region
- Emergence of mega-urban regions
Restraints
- Forthright and high repeating expense
Challenges
- Surging threat from low-cost service providers
- Threat from open-source construction estimation software