Global Construction Estimation Software Market to grow at a CAGR of 10.16% during the period 2016 - 2020; Finds New Report

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

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.

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

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.

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 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.

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?

Spanning over 57 pages and 28 Exhibits “Global Construction Estimation Software Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Construction market overview, Market size and forecast, Geographical segmentation, Market attractiveness, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Impact of trends, Buying criteria, Five forces analysis, Vendor landscape, Key vendor profiles, Appendix.

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