The Latin America, Middle East and Africa Construction Management Software Market would witness market growth of 13.4% CAGR during the forecast period (2022-2028).
General contractors and construction project managers know that the high-performing delivery supply chain's well-being and loyalty are fundamental to consistently delivering profitable projects on time and to their reputation. By automating and streamlining critical areas of invoicing, compliance management, and payments, they move capital through their supply chain efficiently, securely, and accurately removing any delay-causing financial friction and minimizing disruption risk.
Tools for construction management have prominently improved the construction sector in terms of organizations' competitiveness, productivity, and efficiency. The features of construction management software generally aid builders in automating their documentation and work processes, which is the purpose of construction management software. Various programs integrated with such tools have taken over tasks previously held by project managers, architects, and design engineers.
Construction firms have once utilized solutions in cost estimation, scheduling, computer-aided design, and accounting. Construction management software eases various tasks and minimizes missing data and human error. The solution also enables teams to do things quickly and precisely, so tasks are completed faster, and stakeholders can devote their efforts towards profit-generating and high-value activities.
The surge in demand for rapid infrastructural development with the aid of high-tech solutions and machines for construction work in many nations with the target to decrease the time of completion for projects is working in favor of the industry’s growth and surging the demand for construction management software. Also, the development potential of many countries in the region will encourage more major players to invest heavily in the region and provide high-tech and cost-effective solutions. Hence, such factors will drive the growth of the construction management software market in the LAMEA region during the projected period.
The Brazil market dominated the LAMEA Construction Management Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $373.8 million by 2028. The Argentina market is exhibiting a CAGR of 14% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 13.1% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on End User, the market is segmented into Architects & Designers, Construction Managers and Others. Based on Deployment Mode, the market is segmented into On-premises and Cloud. Based on Building Type, the market is segmented into Residential Building and Commercial Building. Based on Application, the market is segmented into Project Management & Scheduling, Field Service Management, Safety & Reporting, Project Design, Cost Accounting and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Construction Management Software Market is Projected to reach USD 16.6 Billion by 2028, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, SAP SE, Autodesk, Inc., Bentley Systems, Inc., Trimble, Inc., Constructconnect, Inc. (Roper Technologies, Inc.), Jonas Construction Software, Inc. (Constellation Software Inc.), Buildertrend, Computer Methods International Corp., and Odoo SA.
By Component
By End User
By Deployment Mode
By Building Type
By Application
By Country
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