Contractor Management Software Market Scope
The global Contractor Management Software market is expected to witness high demand in the forecasted period due to increasing demand for agile contractor management. The advent of technology has also brought a positive change in Contractor management and issues pertaining to it. The ever-growing scope of construction has increased the value of the software helps in maintaining the contractor management business. The contractor management software has not only decreased the workload but is also helping the contractors to generate valuable profit.
The market study is segmented and major geographies with country level break-up.
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. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Contractor Management Software market throughout the predicted period.
Procore (United States), Deltek (United Kingdom), JobProgress (United States), CAMMS (United Kingdom), Initiafy (Ireland), Improveit 360 (United States), Tiempo Labs (United States), Clarizen (United States) and BROWZ LLC (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 Visitor Management System (Australia).
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.
AdvanceMarketAnalytics has segmented the market of Global Contractor Management Software market by Type, Application and Region.
On the basis of geography, the market of Contractor Management 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). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 10th September 2019, Procore Technologies, Inc., a leading provider of construction management software, is expanding its solutions into the preconstruction process with the introduction of two new products, Procore Bid Management and Procore Prequalification.
On 19th August 2019, Deltek, the leading global provider of software and solutions for project-based businesses, announced today that it has completed its acquisition of ComputerEase the standard in construction accounting, project management, and field management software for contractors.
- High Demand for the Cloud-Based Solutions
- Growing Adoption for Construction Business
- Increasing Project Efficiency and Help in Mobilizing Project Communication and Documentation
- High Demand for Maintaining the Accountability
- The Rising Demand due to Growing Construction Industry in Developing Countries
- Technological Advancement associated with the Contractor Management Software such as Automation with AI and MI
- Technological Complexities Related to the Contractor Management Software
- Increased Threat of Cyberattacks
Key Target AudienceContractor Management Software Providers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
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