Construction Estimating Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:

Description

The construction industry is experiencing significant transformation due to rapid digitalization, leading to substantial growth in the construction estimating software market.The construction estimating software market is set for substantial growth, projected to reach $389.13 million in 2024 and further expanding to $535.1 million by 2031, reflecting a CAGR of 4.70%. The increasing adoption of digital tools within the construction sector is expected to drive the market, enabling more efficient project management and cost estimation. This software is becoming increasingly vital in improving the accuracy and speed of the estimation process, making it a preferred choice among industry professionals.

Key Growth Drivers

One of the primary factors propelling the construction estimating software market is the rise in urbanization and the expansion of construction activities globally. The demand for advanced software solutions that streamline workflows and enhance productivity is on the rise, especially as construction companies seek to optimize their operations. Cloud-based deployment models are particularly gaining traction due to their cost-effectiveness and ease of access, further contributing to the market's growth.

Construction estimating software plays a crucial role in helping construction firms, especially commercial builders, to digitalize their preconstruction processes. This digital transformation leads to more accurate estimates, improved bidding processes, and ultimately, better project outcomes. The ongoing increase in global construction spending is anticipated to be a significant long-term driver of market growth, as companies continue to invest in technologies that improve operational efficiency.

Opportunities in the Market

The construction estimating software market is benefiting from a growing preference among construction companies for specialized software over generic tools. The increasing demand for cloud-based enterprise applications, accessible via smartphones and other mobile devices, is a key factor driving market growth. Traditional methods of construction estimation, often carried out manually or through spreadsheets, are being rapidly replaced by more sophisticated software solutions that enhance workflow efficiency and provide accurate cost estimations.

The integration of the Internet of Things (IoT) into construction estimating software has further simplified the estimation process. IoT-enabled software maximizes workflow effectiveness by providing real-time data and accurate cost predictions for raw materials, making it an indispensable tool in modern construction projects. The rapid growth of the construction sector, coupled with the increasing demand for high-tech solutions in infrastructure development, is expected to continue driving the market.

Challenges Facing the Market

Despite its growth potential, the construction estimating software market faces several challenges. A significant barrier is the lack of awareness and the improper selection of appropriate software solutions among construction companies. Additionally, the presence of open-source and free construction management software poses a competitive threat to the market's expansion. Concerns over data security and the high costs associated with deploying advanced software solutions are also expected to hinder market growth.

Moreover, the lack of awareness regarding the operational effectiveness and benefits of technologically advanced systems remains a challenge. This gap in knowledge could negatively impact the market, as potential users may be reluctant to adopt new technologies without a clear understanding of their advantages.

End-User Insights

The builders and contractors segment is anticipated to lead the construction estimating software market, driven by the need for improved speed and accuracy in the estimation process. Builders and contractors are increasingly relying on this software to enhance their project management capabilities, leading to more efficient and cost-effective construction projects.

Product Segment Analysis

In terms of product segmentation, the construction accounting software segment is expected to dominate the market. This segment is critical for managing financial information, payroll, and inventory across multiple business divisions within a single enterprise. Construction accounting software is highly valued for its ability to manage projects efficiently, making it the preferred choice for many in the industry.

Regional Market Trends

North America is expected to be a key region for the construction estimating software market, with the U.S. playing a significant role in the market's development. The region's growth can be attributed to the adoption of advanced technologies such as cloud computing and IoT, as well as high levels of industrialization. The presence of major construction associations and the increasing number of infrastructural projects, including commercial buildings and public infrastructure, are expected to drive regional market growth.

Europe is projected to be a lucrative market, with the U.K. leading the region's growth. The rapid digitalization of the construction industry in Europe, along with the increasing focus on adopting new technologies for workflow optimization, is expected to contribute to the market's expansion.

Asia Pacific is anticipated to be the fastest-growing region in the construction estimating software market. The region's growth is driven by the rapid development of countries like China, South Korea, and Japan. The increasing demand for advanced construction technologies in these countries is expected to fuel market growth, with China likely to lead the region in market size.

Competitive Analysis

The construction estimating software market is highly competitive, with key players focusing on expanding their global reach through strategic initiatives such as mergers, acquisitions, and partnerships. Industry leaders like Autodesk, Inc., Buildsoft Pty Ltd., Corecon Technologies, Inc., and PlanSwift Software are actively enhancing their offerings to stay ahead in the market.

Key Segments in the Construction Estimating Software Market

By Product:

Construction accounting software
Construction management software
Construction suites
Project management software

By End-User:

Builders & contractors
Construction managers
Engineers & architects

By Deployment:

On-cloud
On-premises

1. Executive Summary

1.1. Global Construction Estimating Software Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Construction Estimating Software Market Outlook, 2019-2031

3.1. Global Construction Estimating Software Market Outlook, by Product, Value (US$ Mn), 2019-2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Construction Accounting
  - 3.1.1.2. Construction Management
  - 3.1.1.3. Construction Suites
  - 3.1.1.4. Project Management
3.2. Global Construction Estimating Software Market Outlook, By End User, Value (US$ Mn), 2019-2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Builders & Contractors
  - 3.2.1.2. Construction Managers
  - 3.2.1.3. Engineers & Architects
3.3. Global Construction Estimating Software Market Outlook, by Deployment, Value (US$ Mn), 2019-2031
- 3.3.1. Key Highlights
  - 3.3.1.1. On-cloud
  - 3.3.1.2. On-Premises
3.4. Global Construction Estimating Software Market Outlook, by Region, Value (US$ Mn), 2019-2031
- 3.4.1. Key Highlights
  - 3.4.1.1. North America
  - 3.4.1.2. Europe
  - 3.4.1.3. Asia Pacific
  - 3.4.1.4. Latin America
  - 3.4.1.5. Middle East & Africa

4. North America Construction Estimating Software Market Outlook, 2019-2031

4.1. North America Construction Estimating Software Market Outlook, by Product, Value (US$ Mn), 2019-2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Construction Accounting
  - 4.1.1.2. Construction Management
  - 4.1.1.3. Construction Suites
  - 4.1.1.4. Project Management
4.2. North America Construction Estimating Software Market Outlook, By End User, Value (US$ Mn), 2019-2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Builders & Contractors
  - 4.2.1.2. Construction Managers
  - 4.2.1.3. Engineers & Architects
4.3. North America Construction Estimating Software Market Outlook, by Deployment, Value (US$ Mn), 2019-2031
- 4.3.1. Key Highlights
  - 4.3.1.1. On-cloud
  - 4.3.1.2. On-Premises
- 4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Construction Estimating Software Market Outlook, by Country, Value (US$ Mn), 2019-2031
- 4.4.1. Key Highlights
  - 4.4.1.1. U.S. Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 4.4.1.2. U.S. Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 4.4.1.3. U.S. Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 4.4.1.4. Canada Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 4.4.1.5. Canada Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 4.4.1.6. Canada Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
- 4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Construction Estimating Software Market Outlook, 2019-2031

5.1. Europe Construction Estimating Software Market Outlook, by Product, Value (US$ Mn), 2019-2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Construction Accounting
  - 5.1.1.2. Construction Management
  - 5.1.1.3. Construction Suites
  - 5.1.1.4. Project Management
5.2. Europe Construction Estimating Software Market Outlook, By End User, Value (US$ Mn), 2019-2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Builders & Contractors
  - 5.2.1.2. Construction Managers
  - 5.2.1.3. Engineers & Architects
5.3. Europe Construction Estimating Software Market Outlook, by Deployment, Value (US$ Mn), 2019-2031
- 5.3.1. Key Highlights
  - 5.3.1.1. On-cloud
  - 5.3.1.2. On-Premises
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Construction Estimating Software Market Outlook, by Country, Value (US$ Mn), 2019-2031
- 5.4.1. Key Highlights
  - 5.4.1.1. Germany Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 5.4.1.2. Germany Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 5.4.1.3. Germany Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 5.4.1.4. U.K. Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 5.4.1.5. U.K. Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 5.4.1.6. U.K. Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 5.4.1.7. France Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 5.4.1.8. France Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 5.4.1.9. France Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 5.4.1.10. Italy Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 5.4.1.11. Italy Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 5.4.1.12. Italy Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 5.4.1.13. Turkey Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 5.4.1.14. Turkey Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 5.4.1.15. Turkey Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 5.4.1.16. Russia Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 5.4.1.17. Russia Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 5.4.1.18. Russia Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 5.4.1.19. Rest of Europe Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 5.4.1.20. Rest of Europe Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 5.4.1.21. Rest of Europe Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Construction Estimating Software Market Outlook, 2019-2031

6.1. Asia Pacific Construction Estimating Software Market Outlook, by Product, Value (US$ Mn), 2019-2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Construction Accounting
  - 6.1.1.2. Construction Management
  - 6.1.1.3. Construction Suites
  - 6.1.1.4. Project Management
6.2. Asia Pacific Construction Estimating Software Market Outlook, By End User, Value (US$ Mn), 2019-2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Builders & Contractors
  - 6.2.1.2. Construction Managers
  - 6.2.1.3. Engineers & Architects
6.3. Asia Pacific Construction Estimating Software Market Outlook, by Deployment, Value (US$ Mn), 2019-2031
- 6.3.1. Key Highlights
  - 6.3.1.1. On-cloud
  - 6.3.1.2. On-Premises
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Construction Estimating Software Market Outlook, by Country, Value (US$ Mn), 2019-2031
- 6.4.1. Key Highlights
  - 6.4.1.1. China Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 6.4.1.2. China Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 6.4.1.3. China Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 6.4.1.4. Japan Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 6.4.1.5. Japan Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 6.4.1.6. Japan Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 6.4.1.7. South Korea Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 6.4.1.8. South Korea Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 6.4.1.9. South Korea Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 6.4.1.10. India Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 6.4.1.11. India Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 6.4.1.12. India Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 6.4.1.13. Southeast Asia Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 6.4.1.14. Southeast Asia Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 6.4.1.15. Southeast Asia Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 6.4.1.16. Rest of Asia Pacific Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 6.4.1.17. Rest of Asia Pacific Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 6.4.1.18. Rest of Asia Pacific Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Construction Estimating Software Market Outlook, 2019-2031

7.1. Latin America Construction Estimating Software Market Outlook, by Product, Value (US$ Mn), 2019-2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Construction Accounting
  - 7.1.1.2. Construction Management
  - 7.1.1.3. Construction Suites
  - 7.1.1.4. Project Management
7.2. Latin America Construction Estimating Software Market Outlook, By End User, Value (US$ Mn), 2019-2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Builders & Contractors
  - 7.2.1.2. Construction Managers
  - 7.2.1.3. Engineers & Architects
7.3. Latin America Construction Estimating Software Market Outlook, by Deployment, Value (US$ Mn), 2019-2031
- 7.3.1. Key Highlights
  - 7.3.1.1. On-cloud
  - 7.3.1.2. On-Premises
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Construction Estimating Software Market Outlook, by Country, Value (US$ Mn), 2019-2031
- 7.4.1. Key Highlights
  - 7.4.1.1. Brazil Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 7.4.1.2. Brazil Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 7.4.1.3. Brazil Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 7.4.1.4. Mexico Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 7.4.1.5. Mexico Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 7.4.1.6. Mexico Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 7.4.1.7. Argentina Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 7.4.1.8. Argentina Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 7.4.1.9. Argentina Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 7.4.1.10. Rest of Latin America Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 7.4.1.11. Rest of Latin America Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 7.4.1.12. Rest of Latin America Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Construction Estimating Software Market Outlook, 2019-2031

8.1. Middle East & Africa Construction Estimating Software Market Outlook, by Product, Value (US$ Mn), 2019-2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Construction Accounting
  - 8.1.1.2. Construction Management
  - 8.1.1.3. Construction Suites
  - 8.1.1.4. Project Management
8.2. Middle East & Africa Construction Estimating Software Market Outlook, By End User, Value (US$ Mn), 2019-2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Builders & Contractors
  - 8.2.1.2. Construction Managers
  - 8.2.1.3. Engineers & Architects
8.3. Middle East & Africa Construction Estimating Software Market Outlook, by Deployment, Value (US$ Mn), 2019-2031
- 8.3.1. Key Highlights
  - 8.3.1.1. On-cloud
  - 8.3.1.2. On-Premises
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Construction Estimating Software Market Outlook, by Country, Value (US$ Mn), 2019-2031
- 8.4.1. Key Highlights
  - 8.4.1.1. GCC Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 8.4.1.2. GCC Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 8.4.1.3. GCC Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 8.4.1.4. South Africa Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 8.4.1.5. South Africa Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 8.4.1.6. South Africa Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 8.4.1.7. Egypt Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 8.4.1.8. Egypt Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 8.4.1.9. Egypt Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 8.4.1.10. Nigeria Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 8.4.1.11. Nigeria Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 8.4.1.12. Nigeria Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
  - 8.4.1.13. Rest of Middle East & Africa Construction Estimating Software Market by Product, Value (US$ Mn), 2019-2031
  - 8.4.1.14. Rest of Middle East & Africa Construction Estimating Software Market By End User, Value (US$ Mn), 2019-2031
  - 8.4.1.15. Rest of Middle East & Africa Construction Estimating Software Market by Deployment, Value (US$ Mn), 2019-2031
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Company Market Share Analysis, 2023
9.2. Competitive Dashboard
9.3. Company Profiles
- 9.3.1. Autodesk, Inc.
  - 9.3.1.1. Company Overview
  - 9.3.1.2. Product Portfolio
  - 9.3.1.3. Financial Overview
  - 9.3.1.4. Business Strategies and Development
- 9.3.2. Buildsoft Pty Ltd.
  - 9.3.2.1. Company Overview
  - 9.3.2.2. Product Portfolio
  - 9.3.2.3. Financial Overview
  - 9.3.2.4. Business Strategies and Development
- 9.3.3. Corecon Technologies Inc.
  - 9.3.3.1. Company Overview
  - 9.3.3.2. Product Portfolio
  - 9.3.3.3. Financial Overview
  - 9.3.3.4. Business Strategies and Development
- 9.3.4. Heavy Construction Systems Specialists, Inc.
  - 9.3.4.1. Company Overview
  - 9.3.4.2. Product Portfolio
  - 9.3.4.3. Financial Overview
  - 9.3.4.4. Business Strategies and Development
- 9.3.5. PlanSwift Software
  - 9.3.5.1. Company Overview
  - 9.3.5.2. Product Portfolio
  - 9.3.5.3. Financial Overview
  - 9.3.5.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations