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Global Construction Estimation Software Market 2016-2020

Global Construction Estimation Software Market 2016-2020

About Construction Estimation Software

Construction estimation software is used to calculate the total cost of a construction project. Estimation software automates the designs obtained from manual spreadsheets and calculators. The introduction of tools facilitates and improves the speed and accuracy of the estimation process. Estimating software aids in improving a contractor's ability to compete with other bidders and accurately represent the actual cost of a project to clients, thereby enhancing productivity and bidding process.

Technavio’s analysts forecast the global construction estimation software market to grow at a CAGR of 10.16% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global construction estimation software market for 2016-2020. To calculate the market size, the report provides a list of vendors that provide construction estimation software across the globe.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Construction Estimation Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Causeway Technologies
  • Cordell Information
  • ProEst Estimating Software (ProEst)
  • Sage Software
  • Viewpoint
Other prominent vendors
  • Bid4Build
  • BluBridge
  • B2W Software
  • Corecon Technologies
  • PrioSoft
  • Textura PlanSwift
  • Total Project Logistics
  • 4Clicks Solutions
  • Xactware Solutions
Market driver
  • Increased investments in infrastructure development.
  • For a full, detailed list, view our report
Market challenge
  • Increasing threat from low-cost service providers.
  • For a full, detailed list, view our report
Market trend
  • Increased adoption of cloud-based construction estimation software.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Construction Estimation Software Market 2016-2020.

Technavio recognizes the following companies as the key players in the global construction estimation software market: Causeway Technologies, Cordell Information, ProEst Estimating Software (ProEst), Sage Software, and Viewpoint.

Other prominent vendors in the market are: Bid4Build, BluBridge, B2W Software, Corecon Technologies, PrioSoft, Textura PlanSwift, Total Project Logistics, 4Clicks Solutions, and Xactware Solutions.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is increase in real estate developments. Increasing real estate investments in APAC are expected to boost real estate activities in the region. Real estate investments lead to planned projects that require cost estimation, which in turn, stimulates higher adoption and use of construction estimation software. Real estate investments are expected to grow during the forecast period because of low interest rates and strengthening global economic environment, coupled with direct real estate investments from institutional investors.”

According to the report, one of the primary drivers in the market is increased investments in infrastructure development. The increased investment in infrastructure development across APAC, the Americas, and Europe is likely to affect the growth of the construction tractors market during the forecast period. It is expected that infrastructure spending in APAC will reach $5.36 trillion a year by 2025, representing 60% of the world's total infrastructure. APAC will require $15 trillion-$20 trillion in terms of infrastructure investment by 2030. A number of public private partnership (PPP) projects in APAC are in the pipeline. The major countries for private participation in infrastructure (PPI) projects in APAC in 2014 were China and India.

Further, the report states that one major challenge in the market is interoperability issues. The presence of several construction management software vendors has given rise to compatibility and interoperability issues. Most vendors develop the essential components required to set up construction estimation software. However, when various construction estimation software with different features are purchased from different vendors and installed, there is a high probability of incompatibility among the software. The lack of interoperability makes information sharing difficult and prone to errors. This leads to the low adoption of construction estimation software among the end-users. Hence, interoperability issues are likely to pose a major challenge for the growth of the market during the forecast period.



Companies Mentioned

Causeway Technologies, Cordell Information, ProEst Estimating Software (ProEst), Sage Software, Viewpoint, Bid4Build, BluBridge, B2W Software, Corecon Technologies, PrioSoft, Textura PlanSwift, Total Project Logistics, 4Clicks Solutions, Xactware Solutions.

  • Executive summary
    • Highlights
    • Overview of numbers
      • Table Overview of numbers
  • Scope of the report
    • Market overview
      • Table Countries considered in global construction estimation software market
    • Prominent vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
  • Construction market overview
    • Global construction market
      • Table List of international events 2015-2020
  • Market size and forecast
    • Global construction estimation software market
      • Table Global construction estimation software market ($ millions)
      • Table Region-wise investment for airport construction 2015
  • Geographical segmentation
    • Table Construction estimation software market by geography 2015 (%)
    • Table Construction estimation software market by geography 2020 (%)
    • Table Global construction estimation software market: Growth rate by geography 2016-2020 (%)
    • Construction estimation software market in Americas
      • Table Country wise investment plans in Americas 2014-2024
      • Table Construction estimation software in Americas 2016-2020 ($ millions)
    • Construction estimation software market in EMEA
      • Table Construction estimation software market in EMEA 2015-2020 ($ millions)
    • Construction estimation software market in APAC
      • Table High-rise building projects in China (proposed and under construction)
      • Table Construction estimation software market in APAC 2015-2020 ($ millions)
  • Market attractiveness
    • Market attractiveness by geography
      • Table Market attractiveness by geography 2015
      • Table Market attractiveness by geography 2020
  • Market drivers
    • Increased investments in infrastructure development
      • Table PPI investment by country 2014 ($ millions)
    • Growth of global construction market
    • Emergence of smart cities
      • Table Country wise, smart cities development plan
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Interoperability issues
    • Need for value-added services
    • Threat from open-source construction estimation software
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increase in real estate developments
    • Emergence of mega-urban regions
    • Increased adoption of cloud-based construction estimation software
    • Increase in construction projects in APAC region
  • Impact of trends
  • Buying criteria
    • Table Buying criteria for construction estimation software market 2016-2020
  • Five forces analysis
    • Table Five forces analysis
  • Vendor landscape
    • Competitive landscape
    • Vendor matrix
      • Table Vendor matrix: End-users
      • Table Vendor matrix: Geographical presence
      • Table Vendor matrix: Industries
      • Table Vendor matrix: Licensing model
      • Table Competitive rating of vendors
    • Other prominent vendors
  • Key vendor profiles
    • Causeway Technologies
    • Cordell Information
    • ProEst
    • Viewpoint
    • Sage Software
  • Assumptions
  • Appendix
    • List of abbreviations
  • Explore Technavio

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