The global jobsite management software market is estimated at US$ 13.1 Billion while exhibiting a CAGR of 8.6% during the forecast period from 2022 to 2032.
The global jobsite management software market is estimated at US$ 13.1 Billion while exhibiting a CAGR of 8.6% during the forecast period from 2022 to 2032, reports a recently published Future Market Insights study. Expansion of the market can be attributed to the growing requirement for large-scale project management.
Rapid urbanization is estimated to be one of the key factors driving the market during the assessment period. As people migrate to cities, the construction market is likely to witness notable expansion in the forecast period. Also, smart cities and new housing trends supported by digital technologies is anticipated to augment the market size in the forthcoming period.
For instance, Building Information Modelling (BIM) software like AutoCAD and Revit enable the user to test the construction digitally. Such innovations are expected to provide a significant boost to the industry in the assessment period.
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Asia Pacific is anticipated to witness the fastest growth during the forecast period, attributed to the increasing focus on smart manufacturing. The region has been acknowledged as one of the most notable markets for construction and design software owing to the presence of evolving economies such as China, Japan and India. As per Invest India, the National Investment Promotion and Facilitation Agency of the Government of India, US$ 5 Billion of revenue was generated in 2020 in the construction equipment sector.
Key points from the Market Study
Competition Analysis
Key players in the market include Heavy Construction Systems Specialists, Inc., Fieldwire, CoConstruct, esub construction software, and DataForma. Notable Developments in the Market are:
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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global job site management software market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
Key Segments Profiled In The Jobsite Management Software Market
Jobsite Management Software Market by Product Type:
Jobsite Management Software Market by End-User:
Jobsite Management Software Market by Region:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Feb 05, 2023