CONSTRUCTION MANAGEMENT SOFTWARE MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Infrastructure Modernization

Ageing infrastructure in developed economies and massive investments for transportation, utilities and social infrastructure projects across regions can drive the global construction management software market growth. Both private and public entities are focused on modernizing critical infrastructure to stimulate economic growth and improve standards of living. Megaprojects involving complex construction schedules, large workforces, interface management and regulatory oversight require sophisticated planning and control systems. Construction management solutions provide tools for collaboration, resource optimization, procurement management and compliance that help deliver large infrastructure projects on-time and within budgets. Their use enables real-time monitoring of progress, issues tracking, document control and analytics for data-driven decisions. This results in greater accountability, productivity and overall efficiency. As infrastructure spending ramps up globally, the complexities of modern megaprojects can boost adoption of construction management platforms that facilitate multidisciplinary coordination and project controls. Various governmental initiatives also mandate use of such digital systems for infrastructure transparency, creating further market opportunities.

For instance, in September 2022, CMiC launched CONSTRUCT, the next-generation construction ERP, to meet evolving business needs and future-proof operational processes. This AI-enabled suite allows effective project change control, material supplier and subcontractor task management, improved communication and collaboration, streamlined bidding processes, and enhanced document management.