The global construction management software market was valued at US$ 1.4 Billion in 2020 and is expected to surpass US$ 2.6 Billion by 2028, registering a CAGR of 8.2% during the forecast period (2021-2028), according to the Construction Management Software Market Report, By Deployment (Cloud-based and On-premise), By End User (Builders & Contractors, Construction Managers, and Engineers & Architects), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), published by Coherent Market Insights.
Aimed at making construction business processes easier, the construction management software, by definition is a project management tool designed specifically for construction professionals. This kind of software offers a range of benefits to members of the construction industry such as streamlining manual processes, which include communication, decision-making, and job scheduling, among others. For instance, JobProgress is an all-in-one, cloud-based software specifically built for the contractors. It is a productivity platform that allows contractors to manage their business from anywhere, any time. The contractor and their team can track, monitor, and measure a job site’s progress. It also comes with an app and an online dashboard.
Despite the growing popularity of construction management software among small and large scale builders, construction management software still remains as a virtually untapped technology for many construction companies.
Global Construction Management Software Market - Impact of Coronavirus (Covid-19) Pandemic
With the COVID-19 pandemic lurking around, construction management software is likely to provide a 360-degree view of analysis in terms of import and fare control, flexibility chain, provincial government strategy, future impact on the business, among others. Hence, the reliance on such digital solutions has greatly increased. Project managers focus on evaluating the critical ways in which the pandemic affects their teams to mitigate the negative effects and plans to recover, even remotely. It is evident that enterprises are intending to harness digital channels that could provide proper planning an d scheduling, team collaboration, project budgeting, among others, and ultimately leading to supplement and further strengthen their relationships with their customers.
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Key Trends and Analysis of the Global Construction Management Software Market:
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