Industry Background:
The global Construction Suites Software is expected to witness high demand in the forecasted period due to the growing construction industry across the world, especially in developing countries. The Construction Suites Software is used in 3D format for construction projects of buildings, railways, and Roads. It provides digital database solutions to capture, manage and present building information modeling solutions. Also, it provides flexibility to modify or change the building design managed by software throughout the project life cycle.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Procore (United States), Autodesk Inc (United States), Viewpoint, Inc (United States), BuilderTREND (United States), UDA Corporate (United States), CMiC (Canada), Corecon (United States), Jonas Software (United States), Oracle (United States) and RedTeam (India) |
This growth is primarily driven by The Increase Demand Productivity and Efficiency and High Demand due to Improved Quality and Integration.
Globally, a noticeable market trend is evident Growing Adoption due to Cloud-Based Solutions
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Procore (United States), Autodesk Inc (United States), Viewpoint, Inc (United States), BuilderTREND (United States), UDA Corporate (United States), CMiC (Canada), Corecon (United States), Jonas Software (United States), Oracle (United States) and RedTeam (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations.
Key Developments in the Market:
On 18th November 2019, Autodesk, Inc. has unveiled Autodesk Construction Cloud™, which combines advanced technology, a unique builders network and predictive insights to connect people and data across the entire building lifecycle, from design through operations. and On 8th October 2019, Procore Technologies, Inc., a leading provider of construction management software has welcomed over 4,000 construction professionals to Groundbreak, the company's annual conference that brings together everyone in construction for three days of networking, learning, and innovation.
On 16th July 2019, Procore Technologies, Inc., a leading provider of construction management software has announced entered an agreement to acquire Honest Buildings, Inc., a leading provider of project management software for owners and developers.
Influencing Trend:
Growing Adoption due to Cloud-Based Solutions and Continued Investment in AI, and Advanced Technologies
Market Growth Drivers:
The Increase Demand Productivity and Efficiency and High Demand due to Improved Quality and Integration
Challenges:
Lack of Skilled and Technical Expertise
Restraints:
Technological Complexities in Construction Suites Software and High Cost Associated with Construction Suites Software
Opportunities:
The Increasing Demand due to Technological Advancements and Increasing Construction Industry across the Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Construction Suites Software Market
- Analysis about New Entrants in Construction Suites Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Construction Suites Software Study Sheds Light on
The Construction Suites Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Construction Suites Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Construction Suites Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.