Market OverviewThere is increase in demand for the large-scale project management and the large-scale construction solutions. This is inspiring organizations to progressively adopt construction software as it helps in the maintaining regular follow-up and the managing resources by automating process. The automation of the operations not only boosts the productivity by minimizing response time but increases connectivity so organizations can handle the project-related inquiries effectively and easily. Thus, increasing requirement for the large-scale project management is anticipated to drive the market growth during forecast period.
The adoption of the lean management concept is targeted at minimizing effective and waste use of resources to provide most productive output possible. Adoption of lean management by the builders, contractors, and the architects is likely to increase functionalities of the construction software and minimize wastage at different stages of projects. Lean management methods run as internal program to reduce the wastage on construction site, in the project management processes, and IT project portfolio.
Segment OverviewBased on product, global construction software market is segmented into on-premise, cloud, and web based. Growing commercialization and industrialization in real estate market have created demand for the professional and skilled labor to benefit in the pre-planning and construction oversight. Globally, adoption of construction software is presenting tremendous growth in the upcoming years. One of growing trends in the industry 4.0 is adoption of cloud in different industrial verticals. Cloud possesses capability to run the large applications without needing owning supercomputer or data center. Cloud applications are scalable and powerful and have flexible pricing to attract numerous enterprises to move to cloud.
Regional OverviewThe market, by region, has been segmented as Asia-Pacific, Europe, North America, and the rest of the world. The North America accounted for largest market share in 2019, the market is likely to register CAGR of 10% during forecast period. Europe was second-largest market in 2019, the market is expected to register considerable CAGR. However, market in Asia-Pacific was anticipated to register highest CAGR. North America is likely to dominate global market in terms of share during the forecast period owing to growing popularity of the cloud-based construction software. Among North American countries, U.S. accounts for largest market share owing to growing investments in construction sector, followed by the Canada and Mexico.
Competitor overviewIn Sept 2017, the Procore Technologies Inc., combined with the Habitat for the Humanity International through the Procore.org, for offering Procore's suite of the products, including Quality & Safety, Project Management, and Construction Financials an in-kind donation.
In Jan 2018, the Constellation Software Inc. acquired ProArc unit of Tieto Oyj, global software provider to engineering and construction industry. Acquisition helps Constellation to increase its presence in Nordics region.
In Apr 2018, the Trimble acquired Viewpoint, leading provider of the scalable construction software firm. Acquisition benefits Trimble to provide completer and more combined business and project workflows across construction lifecycle.
In Jan 2018, the Oracle Corporation acquired Aconex, Australian software firm. Acquisition benefits Oracle to enlarge its construction software portfolio.
In Feb 2018, the Trimble acquired e-Builder, leading provider of the integrated, and cloud-based construction program software to increase its construction solutions.
Key Players
- Sage Group PLC
- Oracle Corporation
- Trimble Inc
- Constellation Software Inc.
- Comprotex Software Inc.
- BuilderTREND
- BuilderMT
- iSqFt (ConstructConnect)
- Procore Technologies Inc.
- Turtle Creek Software.
Market SegmentationBy Product
By Application
- General Contractors
- Building Owners
- Independent Construction Managers
- Sub-contractors
By Geography
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
