Global Construction Estimating Software Market Overview:
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 Some of the key players profiled in the study are 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). According to Market Analyst at AMA, the Global Construction Estimating Software market may see a growth rate of 10.9%
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). If we see Market by End-User, the sub-segment i.e. Construction Contractors will boost the Construction Estimating Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. On-Premises will boost the Construction Estimating Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- 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
- Rapid adoption of cloud-based construction estimation software
- Increase in construction projects in APAC region
- Forthright and high repeating expense
- Increase in real estate developments in Middle East region
- Emergence of mega-urban regions
- Surging threat from low-cost service providers
- Threat from open-source construction estimation software
Major Market Developments:
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.
Major Objectives Focused through this Study
To define, describe, and forecast the Global Construction Estimating Software market on the basis of product [Job & Cost Tracking, Program Integration and Help & Support] , application [SMEs, Large Organization and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Construction Estimating Software market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Construction Estimating Software industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. 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).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Construction Estimating Software market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.