Global Construction Estimating Software market is anticipated to grow at a CAGR of 10.2% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing adoption of technology and digital solutions within the construction industry. Construction estimating software streamlines the estimation process, enhances accuracy, reduces errors, and improves efficiency in project planning and budgeting. As construction projects become more complex and demanding, there's a growing recognition among construction firms of the benefits offered by these software solutions. Additionally, factors such as the need for cost reduction, time-saving measures, and the demand for better project management tools further drive the growth of the construction estimating software market globally.
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For instance, in May 2023, Fujitsu and Microsoft announced a landmark five-year agreement aimed at driving the growth of Fujitsu Uvance business. To achieve annual revenue surpassing $5.4 billion (700 billion yen) by Fujitsu's Fiscal Year 2025, ending March 31st, the partnership will see the two tech giants collaborating on cloud solutions across various sectors including manufacturing, retail, healthcare, and the public sector. Leveraging Fujitsu's industry innovations and Microsoft's advanced technology, the alliance seeks to co-develop and deploy a range of cloud solutions to meet the evolving needs of businesses worldwide. Additionally, in the partnership, both companies will focus on accelerating cloud sales training and certification for 28,000 Fujitsu employees over the next five years. This strategic collaboration marks a significant step forward in advancing digital transformation efforts globally.
In April 2022, Procore Technologies launched a fresh initiative aligning with its core mission to facilitate comprehensive and rapid responses to climate change within the construction sector. This recent integration empowers users of the company's platform to utilise the embodied carbon in the construction calculator within the global construction industry.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By Product
o By Technology
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes AppliCad Public Co. Ltd., Autodesk, Microsoft, Crunchbase, QuoteSoft, JBK Consulting, LLC. and others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Construction Estimating Software Market Report Segment
By Software License
- Perpetual
- Subscription
By Enterprise Size
- Large
- SMEs
By Deployment
- Cloud
- On-premise
By End-use
- Architects & Builders
- Construction Managers
- Contractors
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Construction Estimating Software Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· Advanced Electrical Technologies
· Bluebeam, Inc.
· BuildingConnected
· Crunchbase
· ETAKEOFF, LLC
· Glodon
· JBK Consulting, LLC.
· PlanSwift Software
· PrioSoft Construction Software
· QuoteSoft
· RedTeam
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