Construction Estimating Software Market
Construction Estimating Software Market Size, Share & Trends Analysis Report by Software License (Perpetual and Subscription), by Enterprise Size (Large and SMEs), by Deployment (Cloud and On-premise), and by End-Use (Architects & Builders, Construction Managers and Contractors) Forecast Period (2024-2031)
Construction Estimating Software market is anticipated to grow at a CAGR of 10.2% during the forecast period (2024-2031). Construction estimating software helps contractors and builders calculate project costs accurately has features that include takeoff tools for measuring quantities, cost databases for materials, labor, and equipment, integration with other software, reporting, and customization options. Popular options include ProEst, PlanSwift, STACK, Sage Estimating, and Buildertrend.
Market Dynamics
Driving Growth in Construction Estimation
The global construction estimating software market is experiencing robust growth, fueled by increased digitalization in the industry, the complexity of modern construction projects, and the adoption of cloud-based solutions. As construction becomes more globalized and diverse, there's a growing need for software that can handle complex calculations and provide comprehensive reporting across various regions and project types. Government initiatives promoting infrastructure development, technological advancements like Building Information Modeling (BIM), and rising awareness among contractors also contribute to market expansion. This confluence of factors is driving strong demand for construction estimating software, with continued growth expected in the foreseeable future.
Opportunities in Construction Estimating Software Market
Market players have significant opportunities in the global construction estimating software industry. These include expanding into emerging markets, integrating emerging technologies like AI and BIM, customizing solutions for niche segments, developing mobile-friendly versions, fostering partnerships, focusing on sustainability, and continuously improving software based on user feedback. In October 2021, Autodesk, Inc. introduced enhanced features in Autodesk Construction Cloud and expanded its partner network to streamline workflows on a unified platform. Updates to Autodesk Build, like a Schedule management tool, facilitate collaboration between office and field teams throughout the construction process. Additionally, project teams can integrate construction data from over 200 partners within Autodesk Construction Cloud, simplifying construction management in a centralized hub.
Market Segmentation
Our in-depth analysis of the global construction estimating software market includes the following segments by software license, enterprise size, deployment and end-use:
- Based on software license, the market is sub-segmented into perpetual and subscription.
- Based on enterprise size, the market is sub-segmented into large and smes.
- Based on deployment, the market is sub-segmented into cloud and on-premise.
- Based on end-use, the market is sub-segmented into architects & builders, construction managers and contractors.
Architects and Builders is Projected to Emerge as the Largest Segment
Based on the end-use, the global construction estimating software market is sub-segmented into architects & builders, construction managers and contractors. Among these, the architects & builders sub-segment is expected to hold the largest share of the market. The primary factor supporting the segment's growth is the pivotal role in project planning and execution such as the increasing complexity of construction projects, the need for accurate estimation tools to streamline workflows, and the adoption of digitalization in the construction industry contributing to their dominance in the market segment.
Contractors Sub-segment to Hold a Considerable Market Share
Contractors hold a considerable market share in the global construction estimating software market due to their crucial role in project execution. They require accurate estimating tools for competitive bidding, efficient budget management, and project profitability. The complexity of construction projects further emphasizes the need for reliable software solutions tailored to contractors' needs.
Regional Outlook
The global Construction Estimating Software market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific's Investment Surge in Construction Estimating Software
- Asia-Pacific countries are investing in the construction estimating software market due to several factors such as rapid urbanization and infrastructure development projects across the region driving the demand for accurate cost estimation tools and also increasing adoption of digital technologies in construction to enhance efficiency and productivity, prompting investment in software solutions.
Global Construction Estimating Software Market Growth by Region 2024-2031
North America Holds Major Market Share
North America dominates the global construction estimating software market for different reasons such as a mature construction industry with high levels of technological adoption, stringent regulations and standards in construction that drives the demand for accurate estimating software and a large number of major construction projects in sectors that include infrastructure, residential, and commercial that contributes to the market share. For instance, in May 2021, Clear Estimates launched a significant update, making estimating simpler than ever for remodelling and general contractors. The update offers a wide range of options for calculating estimates, granting contractors ultimate control in creating their estimates. With the new version of Clear Estimates, handling subcontractors, budgets, crew rates, allowances, and more is now easier and more efficient than ever before.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global Construction Estimating Software market include AppliCad Public Co. Ltd., Autodesk, Microsoft, Advanced Electrical Technologies, PlanSwift Software and others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in January 2022, Corecon Technology unveiled its collaboration with DocuSign eSignature, enabling seamless integration into its cloud-based software and job cost overrun solutions that empower Corecon subscribers to conveniently and securely acquire and monitor electronic signatures for construction documents.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Construction Estimating Software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Microsoft
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Autodesk
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. AppliCad Public Co. Ltd.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Construction Estimating Software Market by Software License
4.1.1. Perpetual
4.1.2. Subscription
4.2. Global Construction Estimating Software Market by Enterprise Size
4.2.1. Large
4.2.2. Small and Medium Enterprises (SMEs)
4.3. Global Construction Estimating Software Market by Deployment
4.3.1. Cloud
4.3.2. On-premise
4.4. Global Construction Estimating Software Market by End-Use
4.4.1. Architects & Builders
4.4.2. Construction Managers
4.4.3. Contractors
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Advanced Electrical Technologies
6.2. Bluebeam, Inc.
6.3. BuildingConnected
6.4. Crunchbase
6.5. ETAKEOFF, LLC
6.6. Glodon
6.7. JBK Consulting, LLC.
6.8. PlanSwift Software
6.9. PrioSoft Construction Software
6.10. QuoteSoft
6.11. RedTeam
6.12. RIB Software SE
6.13. Sage Group Plc
6.14. SAP SE
6.15. STACK Construction Technologies
6.16. Takeoff Live
6.17. Trimble Inc.
6.18. UDA Technologies
6.19. Vision InfoSoft
6.20. Vocabulary.com, Inc.,
1. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE LICENSE, 2023-2031 ($ MILLION)
2. GLOBAL CONSTRUCTION ESTIMATING PERPETUAL SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL CONSTRUCTION ESTIMATING SUBSCRIPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2023-2031 ($ MILLION)
5. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE FOR LARGE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE FOR SMES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2031 ($ MILLION)
8. GLOBAL CLOUD CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL ON-PREMISE CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
11. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET FOR ARCHITECTS & BUILDERS RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET FOR CONSTRUCTION MANAGERS RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET FOR CONTRACTORS RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. NORTH AMERICAN CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
16. NORTH AMERICAN CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE LICENSE, 2023-2031 ($ MILLION)
17. NORTH AMERICAN CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2023-2031 ($ MILLION)
18. NORTH AMERICAN CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2031 ($ MILLION)
19. NORTH AMERICAN CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
20. EUROPEAN CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
21. EUROPEAN CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE LICENSE, 2023-2031 ($ MILLION)
22. EUROPEAN CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2023-2031 ($ MILLION)
23. EUROPEAN CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2031 ($ MILLION)
24. EUROPEAN CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
25. ASIA-PACIFIC CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
26. ASIA-PACIFIC CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE LICENSE, 2023-2031 ($ MILLION)
27. ASIA-PACIFIC CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2023-2031 ($ MILLION)
28. ASIA-PACIFIC CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2031 ($ MILLION)
29. ASIA-PACIFIC CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
30. REST OF THE WORLD CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
31. REST OF THE WORLD CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE LICENSE, 2023-2031 ($ MILLION)
32. REST OF THE WORLD CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2023-2031 ($ MILLION)
33. REST OF THE WORLD CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2023-2031 ($ MILLION)
34. REST OF THE WORLD CONSTRUCTION ESTIMATING SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
1. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET SHARE BY SOFTWARE LICENSE, 2023 VS 2031 (%)
2. GLOBAL CONSTRUCTION ESTIMATING PERPETUAL SOFTWARE MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL CONSTRUCTION ESTIMATING SUBSCRIPTION SOFTWARE MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET SHARE BY ENTERPRISE SIZE, 2023 VS 2031 (%)
5. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE FOR LARGE MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE FOR SMES MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET SHARE BY DEPLOYMENT, 2023 VS 2031 (%)
8. GLOBAL CLOUD CONSTRUCTION ESTIMATING SOFTWARE MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL ON-PREMISE CONSTRUCTION ESTIMATING SOFTWARE MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET SHARE BY END-USE, 2023 VS 2031 (%)
11. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET FOR ARCHITECTS AND BUILDERS SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET FOR CONSTRUCTION MANAGERS SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET FOR CONTRACTORS SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL CONSTRUCTION ESTIMATING SOFTWARE MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. US CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
16. CANADA CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
17. UK CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
18. FRANCE CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
19. GERMANY CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
20. ITALY CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
21. SPAIN CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
22. REST OF EUROPE CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
23. INDIA CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
24. CHINA CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
25. JAPAN CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
26. SOUTH KOREA CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
27. REST OF ASIA-PACIFIC CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
28. LATIN AMERICA CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
29. MIDDLE EAST AND AFRICA CONSTRUCTION ESTIMATING SOFTWARE MARKET SIZE, 2023-2031 ($ MILLION)
