Report ID: SQMIG45E2252
Report ID:
SQMIG45E2252 |
Region:
Global |
Published Date: October, 2024
Pages:
195
|
Tables:
118 |
Figures:
74
Global Construction Management Software Market size was valued at USD 10.27 billion in 2022 and is poised to grow from USD 11.32 billion in 2023 to USD 24.64 billion by 2031, growing at a CAGR of 10.21% during the forecast period (2024-2031).
Construction management software is used to manage different aspects of construction projects and improve operational efficiency. Growing proliferation of technology in the construction industry is slated to bolster the demand for construction management software over the coming years. High investments in infrastructure development around the world are also slated to promote the adoption of construction management software in the future. Growing need for real-time communication in the construction industry, rising use of building information management systems, and high emphasis on including sustainability in construction projects are other factors that could push sales of construction management software across the forecast period and beyond. Developing countries such as China and India in the Asia Pacific region are slated to be highly lucrative markets for construction management software providers in the long run. However, complexity of implementation and resistance to change are key restraints that hold back construction management software market development.
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Report ID: SQMIG45E2252