The North America Construction Management Software Market would witness market growth of 8.3% CAGR during the forecast period (2022-2028).
A significant rise in the construction management software demand is seen in the oil and gas sector. Industry members have found the solution to be beneficial in their construction projects. This is because it aids in boosting the transparency in brownfield, onshore, and shale construction projects. Similarly, the software also assists in maintaining oil and gas plants and deepwater oil and gas developments.
This requirement is also seen to fuel the construction management software market. With this rise in the clamor for construction management solutions also comes buyer preferences regarding capabilities and features. As most of these tools are utilized with the help of cloud technology, businesses have also realized the savings they can make from investing in construction management solutions.
The app enables enterprises to cut operational costs and enhance product scalability and development significantly. Various government authorities have recently recommended Cloud computing practices due to their ability to decrease greenhouse gases. Such development is seen to surge the growth of cloud-based software further.
The North America construction management software market is anticipated to witness growth due to the presence of significant market players in the region. The software can easily connect workforce, teams, and data at each phase of the construction to decrease the risk, enhance efficiency and increase profits for the company. As a result, construction firms are increasingly adopting construction management software to make a better market position. Favorable government initiatives for construction activities in the region would generate lucrative growth opportunities for the players in the region. These factors would eventually increase the growth of the construction industry and thereby propel the demand for the construction management software market growth in the region.
The US market dominated the North America Construction Management Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,938.3 million by 2028. The Canada market is poised to grow at a CAGR of 10.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Construction Management Software Market is Predict to reach $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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