Published on : Nov 21, 2016
ALBANY, NY, Nov 21, 2016: The report titled “Global Construction Estimation Software Market 2016–2020,” provides an in-depth analysis, including information related to the product segmentation, key applications, technological developments, and geographical segmentation of the market. In addition, a detailed analysis of the competitive landscape of the global construction estimation software market has been provided.
According to the research study, the global market for construction estimation software is anticipated to register a progressive 11.0% CAGR between 2016 and 2020. The growing investments in infrastructure developments, the introduction of smart cities, and the growth of the global construction industry are some of the key factors expected to encourage the growth of the overall market in the forecast period.
On the other hand, concerns related to interoperability and the rising need for value-added services are some of the primary factors estimated to restrict the growth of the global construction estimation software market in the next few years. Moreover, the increasing threat from open-source construction estimation software is anticipated to hamper the market’s growth. Nonetheless, the advent of mega-urban regions, a rise in real estate developments, and the rising adoption of cloud-based construction estimation software are projected to generate promising opportunities for the leading players operating in the market. These factors are likely to contribute significantly towards the growth of the global market.
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From a geographical viewpoint, in 2015, EMEA led the global construction estimation software market and is expected to remain in the lead position throughout the forecast period. The robust growth of this region can be attributed to the growing expenditure of the governments of several developing countries towards railway and road construction projects. In addition, the rising investments from government and private organizations in the tourism industry, especially in Saudi Arabia, is expected to augment the market throughout the forecast period. Moreover, the growing population and the development of infrastructure are estimated to accelerate market growth.
The global market for construction estimation software is expected to witness intense competition among the leading players throughout the forecast period. Key players in the market are emphasizing on innovation and research and development activities in order to expand their product portfolio and increase their market penetration. The leading players operating in the global construction estimation software market include Corecon Technologies, Cordell Information, 4Clicks Solutions, Bid4Build, Causeway Technologies, BluBridge, ProEst Estimating Software, and Textura PlanSwift.
Some of the other key players mentioned in the research study are B2W Software, Total Project Logistics, Sage Software, and Xactware Solutions. Detailed profiles of these players have been discussed at length in the scope of the research report, along with the key strategies and policies adopted by them for sustaining in the market.
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