Construction Software Market

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Construction Software Market Size, Share, Application Analysis,
Competitive Strategies and Forecasts to 2025 | Hexa Research
“The global construction software market is anticipated to witness
significant growth till 2025”
15 February 2019 The global Construction Software Market is anticipated to witness significant growth over the forecast
period on account of growing need for accurate cost estimation solutions for construction designs and
projects. These software offer unique features allowing builders to perform complex calcul ations quickly and
efficiently. In addition, they can create building designs in 2D and 3D formats. Increasing number of
construction companies globally is also likely to fuel the demand for advanced tools, thereby augmenting
market expansion. In addition, stringent regulatory policies related to structure of residential and commercial
buildings can further boost product demand in the coming years. Using advanced tools, architects can easily
create design for commercial or residential buildings considering all required parameters and regulatory
norms.
On the other hand, lack of experts and awareness regarding these tools may have a slightly negative impact
on the growth of market. However, continual efforts by major companies to simply operations of these t ools
for enhanced accessibility is projected to create lucrative opportunities for the market. Construction
estimation and designing software are the two different types available in the market. The estimation
software helps contractors in calculating approximate cost that can incur during a particular project. Such
pre-calculations can help builders save a lot of money and time. It can automate the calculations and
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enhance estimation accuracy and speed. This can fuel the product demand contributing to the global market
growth.
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Considering the rising demand, major companies are investing more in R&D to design advanced construction
software. For instance, Clear Estimates recently introduced pro version of their product, which is a more
powerful and improved version till date. This advanced application enables integration with CRMs and email
marketing tools. In another instance, Buildsoft is offering an advanced software called Cubit that provides
unique solution for construction and building project cost estimation. The designing tool provide remodelers
and builders with required tools and symbols projects enabling them to easily design complex 2D and 3D
designs of home or commercial buildings. There are numerous construction designing software available in
the market that offer advanced features to support designers.
For instance, SketchUp, a 3D modeling program that can be used in various industries for designing purposes.
It contains 3D model library that helps designers save time. Another example is AutoCAD, which is capable of
creating both 2D and 3D designs. Geographically, Asia Pacific is predicted to witness high demand attributed
to the presence of a large number of end-use companies. Furthermore, increasing population in developing
countries like India and China is likely to augment the market growth over the years to come. Increasing by
government investments on infrastructure projects including railways, roads, and residential buildings is also
anticipated to drive the regional market.
North America is also expected to witness high demand due to the lack of skilled professionals and stringent
tax laws related to construction projects. Some of the leading companies in the construction software market
are Adobe, Inc.; SketchUp; Autodesk, Inc.; Siemens PLM Software; and Oracle Corporation. Most of these
companies have undertaken business strategies like mergers and acquisitions to expand their product
portfolio and maintain market position. For instance, Autodesk recently announced the plans to acquire
PlanGrid. PlanGrid is a cloud-based management software company. Hence, Autodesk is combining PlanGrid’s
software with its BIM 360 and Revit systems to provide better solutions.
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The global construction software market is anticipated to witness significant growth over the forecast period on account of growing need for accurate cost estimation solutions for construction designs and projects.

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