Market size for building software
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Building software market size forecast: What will the market be worth by 2025?
The size of the building software market has recently expanded. It is predicted that the market worth 4.06 billion US dollars worth 4.06 billion US dollars escalates to 4.59 billion US dollars in 2025, which corresponds to an annual annual growth rate (CAGR) of 12.9%. The factors that contribute to this growth during the historical era include work shortages in the construction sector, the company towards software introduction, improved regulatory needs, since the construction tasks have become more impressive and larger, an extended number of stakeholders and the prevailing use of mobile devices and tablets have grown.
Forecast for building software market size: How high is the projected evaluation by 2029?
In the coming years, the building software market will be ready for a significant expansion, whereby expectations reach 7.35 billion US dollars by 2029 and have an annual growth rate (CAGR) of 12.5%. This predicted increase during the forecast period is connected to the shift of sustainable construction techniques, an increased demand for project management instruments, growing adoption of building information modeling (BIM), ongoing digital transformation in the construction industry and the requirement according to effortless integrating with other company systems. The most important trends that are expected during the projection period consist of progress in construction technology, a shift towards cloud computing, inclusion of AI and machine learning, improvements in collaboration instruments and integration with Internet of Things (IoT).
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What are the drivers that change the building software market?
Progresses on the building software market are largely powered by the increase in construction projects. These projects include the entire process of structuring a building or infrastructural development, from the original idea to the end product. The increase in urbanization, infrastructural progress and the renovation projects worldwide leads to a larger number of construction programs. In order to improve project management, strengthen communication, to improve planning and to maximize resource appropriation, construction companies contact building software, which leads to higher efficiency and thus at lower costs. For example, in June 2023, the Statistics and Research Agency research agency's quarterly construction report reported that the construction industry in Ireland recorded a total growth of 6.5%between the first quarters of 2022 and 2023. There was also a significant growth of housing construction, which grew by 11.1%, together with an expansion of 3.7% in the infrastructure segment. Therefore, the upswing of construction projects stimulates the growth of the building software market.
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What long -term trends define the future of the building software market?
Leading companies on the building software market focus on creating innovative solutions such as user -friendly building software for building blocks in order to increase efficiency and productivity in the construction industry. This software offers intuitive interfaces and attributes for design, planning and management of construction projects and thus simplifies the work processes for architects, engineers and contractors. For example, TopCon positioning systems Inc. introduced a digital layout in April 2023 a company based in the United States that specializes in precision positioning solutions. This unique building software for Baubau is intended to encourage more contractors to use a digital layout workflow and to improve efficiency, accuracy and productivity. The finely manufactured software offers a competitive advantage in the rapidly changing landscape of the construction structure and ensures a wide range of experts, including general entrepreneurs, concrete entrepreneurs, MEP contractors, steel loss, fire control companies, fire control companies. The software fully supports 2D, 3D and BIM workflows and effectively works on Microsoft Windows and Android platforms.
Which segments on the building software market offer the greatest profit potential?
The market for building software dealt with in this report is segmented –
1) according to type: project management, account or financial management, quality and security, field productivity, other types
2) In the deployment mode: Cloud, on-Premise
3) according to the organizational size: large companies, small and medium -sized companies
4) After registration: general contractor, building owner, architects and engineers, sub -contacts, special companies
Subsegms:
1) After project management: planning of software, collaboration tools, project tracking and reporting
2) According to account or financial management: budgeting and forecast software, billing and invoice software, financial reporting and analysis
3) according to quality and security: security management software, quality control and compliance software, risk management software
4) After field productivity: software for mobile employee management, time tracking and work management software, software for device management
5) According to other types: estimate and bidder software, BIM software (Building Information Modeling), procurement and supply chain management software
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Which companies dominate the building software market according to the market share and sales in 2025?
Large companies that work on the building software market are Microsoft Corporation, Oracle Corporation, Inituit Inc., Autodesk Inc., Constellation Software Inc., Trimble Inc., Sage Group PLC, Bentley Systems Inc., Nemetschek Group, Jonas Construction Supplements Inc. (HCSS), Stack Construction Technologies Inc., Fieldwire, Bridgit Inc., Plexxis Software Inc., Coconstruct LLC, Corecon Technologies Inc., Esticom Inc.
Which regions offer the highest growth potential on the building software market?
North America was the largest region on the building software market in 2023. The Asian-Pacific space is expected to be the fastest growing region in the forecast period. The regions dealt with in the market report for building software are Asian-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
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