Bid Management Software Global Market Report 2024

Description

Bid management software is a specialized digital tool designed to streamline, organize, and automate the creation, submission, and management of bids or proposals in response to client or purchasing organization requests. It is widely used in industries where competitive bidding is essential for securing contracts or projects, such as construction, government procurement, and professional services.

The main types of bid management software includes cloud-based and web-based. Cloud-based bid management software is an online platform that automates and simplifies the bid creation, management, and submission process, allowing teams to collaborate in real-time from any location. This software is utilized by both small and medium enterprises (SMEs) and large enterprises and is applied in various contexts, including construction companies, general contractors, and construction managers, among others.

The bid management software market research report is one of a series of new reports from The Business Research Company that provides bid management software market statistics, including bid management software industry global market size, regional shares, competitors with a bid management software market share, detailed bid management software market segments, market trends and opportunities, and any further data you may need to thrive in the bid management software industry. This bid management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The bid management software market has grown strongly in recent years. It will grow from $0.93 billion in 2023 to $1.03 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth observed during the historic period can be attributed to increased adoption of digital tools, the expansion of e-procurement platforms, the globalization of supply chains, and a shift toward cloud-based solutions.

The bid management software market size is expected to see rapid growth in the next few years. It will grow to $1.50 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The projected growth for the forecast period can be attributed to an emphasis on digital transformation, greater adoption of AI and automation, increased focus on data analytics, and a rising demand for collaboration tools. Key trends during this period include a growing use of AI and machine learning, a focus on cybersecurity, expanded mobile capabilities, and the development of solutions tailored to specific industries.

The rising adoption of cloud-based technologies is expected to drive growth in the bid management software market. Cloud services, which provide a range of computing resources and applications via the internet on a subscription basis, are gaining popularity due to their ability to support remote work, enable digital transformation, and address the scalability and agility needs of modern businesses. In bid management software, cloud-based technologies facilitate real-time collaboration, enhance data accessibility, and streamline processes across multiple stakeholders from any location. For example, in December 2023, Eurostat, a Luxembourg-based intergovernmental organization, reported that 45.2% of enterprises within the European Union had acquired cloud computing services, primarily for hosting email systems, storing electronic files, and various other tasks. This reflects a 4% increase in cloud service adoption among EU enterprises from 2021 to 2023, with large enterprises showing a notable adoption rate of 77.6% in 2023, up 6% from 2021. Thus, the growing use of cloud-based technologies is propelling the bid management software market forward.

Leading companies in the bid management software market are focusing on the development of innovative solutions, such as competitive bidding software, to gain a competitive edge. Competitive bidding software is a digital tool designed to streamline and manage the competitive bidding process, where multiple vendors or contractors submit proposals to win contracts for projects, goods, or services. For instance, in May 2024, Wolters Kluwer N.V., a Netherlands-based information services firm, launched Legal Collaborator, a new competitive bidding software. This software aims to enhance the engagement process between corporate legal departments and law firms by providing a standardized and transparent bidding process. It features pre-defined templates to gather and compare critical information such as conflict waivers, strategies, staffing, and pricing structures, thereby minimizing subjectivity in law firm selection, which is often influenced by personal relationships.

In July 2023, Bidding Limited, a UK-based contract management firm, acquired AM Bid for an undisclosed amount. This acquisition aligns with Bidding Limited's strategic growth plan to strengthen its position in the bid consultancy and software solutions market. AM Bid is a UK-based provider of bid management software.

Major companies operating in the bid management software market are BidExpress, Procore, ConstructConnect, Buildertrend, iSqFt, EasyBid, BuildingConnected, Projectmates, BidClerk, EstimateOne, PlanHub, Bidnet Direct, ConstructBuy, Corecon, Pantera Tools, Bid Planroom, eBid Systems, ProcureWare, SmartBid, Textura, VORTAL, Pipeline Suite

North America was the largest region in the bid management software market in 2023. The regions covered in the bid management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the bid management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The bid management software market includes revenues earned by entities by providing services such as document management, bid tracking, bid creation and submission, and analytics and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Bid Management Software Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on bid management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for bid management software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bid management software market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Cloud Based; Web Based
2) By Company Size: Small And Medium Enterprises (SMEs); Large Enterprises
3) By Application: Construction Company; General Contractors; Construction Managers; Other Applications
Companies Mentioned: BidExpress; Procore; ConstructConnect; Buildertrend; iSqFt
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r20486

1. Executive Summary

2. Bid Management Software Market Characteristics

3. Bid Management Software Market Trends And Strategies

4. Bid Management Software Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Bid Management Software Market Size and Growth

5.1. Global Bid Management Software Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Bid Management Software Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Bid Management Software Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Bid Management Software Market Segmentation

6.1. Global Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cloud Based
Web Based
6.2. Global Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Small And Medium Enterprises (SMEs)
Large Enterprises
6.3. Global Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Construction Company
General Contractors
Construction Managers
Other Applications

7. Bid Management Software Market Regional And Country Analysis

7.1. Global Bid Management Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Bid Management Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Bid Management Software Market

8.1. Asia-Pacific Bid Management Software Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Bid Management Software Market

9.1. China Bid Management Software Market Overview
9.2. China Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Bid Management Software Market

10.1. India Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Bid Management Software Market

11.1. Japan Bid Management Software Market Overview
11.2. Japan Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Bid Management Software Market

12.1. Australia Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Bid Management Software Market

13.1. Indonesia Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Bid Management Software Market

14.1. South Korea Bid Management Software Market Overview
14.2. South Korea Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Bid Management Software Market

15.1. Western Europe Bid Management Software Market Overview
15.2. Western Europe Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Bid Management Software Market

16.1. UK Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Bid Management Software Market

17.1. Germany Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Bid Management Software Market

18.1. France Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Bid Management Software Market

19.1. Italy Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Bid Management Software Market

20.1. Spain Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Bid Management Software Market

21.1. Eastern Europe Bid Management Software Market Overview
21.2. Eastern Europe Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Bid Management Software Market

22.1. Russia Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Bid Management Software Market

23.1. North America Bid Management Software Market Overview
23.2. North America Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Bid Management Software Market

24.1. USA Bid Management Software Market Overview
24.2. USA Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Bid Management Software Market

25.1. Canada Bid Management Software Market Overview
25.2. Canada Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Bid Management Software Market

26.1. South America Bid Management Software Market Overview
26.2. South America Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Bid Management Software Market

27.1. Brazil Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Bid Management Software Market

28.1. Middle East Bid Management Software Market Overview
28.2. Middle East Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Bid Management Software Market

29.1. Africa Bid Management Software Market Overview
29.2. Africa Bid Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Bid Management Software Market, Segmentation By Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Bid Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Bid Management Software Market Competitive Landscape And Company Profiles

30.1. Bid Management Software Market Competitive Landscape
30.2. Bid Management Software Market Company Profiles
- 30.2.1. BidExpress
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Procore
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. ConstructConnect
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Buildertrend
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. iSqFt
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Bid Management Software Market Other Major And Innovative Companies

31.1. EasyBid
31.2. BuildingConnected
31.3. Projectmates
31.4. BidClerk
31.5. EstimateOne
31.6. PlanHub
31.7. Bidnet Direct
31.8. ConstructBuy
31.9. Corecon
31.10. Pantera Tools
31.11. Bid Planroom
31.12. eBid Systems
31.13. ProcureWare
31.14. SmartBid
31.15. Textura

32. Global Bid Management Software Market Competitive Benchmarking

33. Global Bid Management Software Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Bid Management Software Market

35. Bid Management Software Market Future Outlook and Potential Analysis

35.1 Bid Management Software Market In 2028 - Countries Offering Most New Opportunities
35.2 Bid Management Software Market In 2028 - Segments Offering Most New Opportunities
35.3 Bid Management Software Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer