Published Date : Nov 21, 2016
ALBANY, New York, Nov 21, 2016: The study, titled “Global Construction Estimation Software Market 2016–2020,” offers an all-inclusive reports of this market, examining its past and the current performance thoroughly. The driving forces, limiting factors, significant trends, opportunities, and growth prospects of this market have also been taken into consideration by researchers in order to determine its future status.
According to the research report, the advent of smart cities across the world is likely to influence the worldwide market for construction estimation software significantly over the forthcoming years.
Smart cities include smart grids, better transportation facilities, efficient traffic management systems, and improved healthcare units, which require advanced infrastructural projects for proper development, increasing the need for estimating the cost of projects and, eventually, leading to an upswing in the demand for construction estimation software, worldwide. Analysts expect the global construction estimation software market to expand at an impressive CAGR of 10.16% during the period from 2016 to 2020.
The research report also offers a geographical reports of the global market for construction estimation software. As per the study, the America, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA) are the key regional markets for construction estimation software across the world. In 2015, the EMEA region led the overall market in terms of revenue. Analysts expect the region to maintain its lead over the forecast period on account of the rise in the government expenditure on road and railway construction projects, notes the study.
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The competitive landscape of the global market for construction estimation has also been assessed in this report in order to identify the market’s hierarchy. According to the study, the market demonstrates a highly competitive and fragmented structure.
To sustain in this environment, vendors are concentrating on developing configurable construction software that can address the issues various end users, such as estimators, contractors, and project owners face regularly. Besides, players are also focusing on introducing different formats of estimation software, such as online software (mobile software and desktop software) in a bid to provide the access of the project estimates to end users from remote locations.
Cordell Information, Causeway Technologies, Sage Software, ProEst Estimating Software, and Viewpoint are some of the leading vendors of construction estimation software across the world. Among these, Viewpoint dominants the overall market with a large customer base. Bid4Build, B2W Software, BluBridge, Corecon Technologies, Textura PlanSwift, PrioSoft, Total Project Logistics, Xactware Solutions, and 4Clicks Solutions are the other prominent players in this market, states the research report.
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