23 December
2018 -
The global Construction
Software Market is anticipated to witness significant growth over the
forecast period on account of growing need for accurate cost estimation
solutions for construction designs and projects. These software offer unique
features allowing builders to perform complex calculations quickly and
efficiently. In addition, they can create building designs in 2D and 3D
formats. Increasing number of construction companies globally is also likely to
fuel the demand for advanced tools, thereby augmenting market expansion. In
addition, stringent regulatory policies related to structure of residential and
commercial buildings can further boost product demand in the coming years.
Using advanced tools, architects can easily create design for commercial or
residential buildings considering all required parameters and regulatory norms.
On the
other hand, lack of experts and awareness regarding these tools may have a
slightly negative impact on the growth of market. However, continual efforts by
major companies to simply operations of these tools for enhanced accessibility
is projected to create lucrative opportunities for the market. Construction
estimation and designing software are the two different types available in the
market. The estimation software helps contractors in calculating approximate
cost that can incur during a particular project. Such pre-calculations can help
builders save a lot of money and time. It can automate the calculations and
enhance estimation accuracy and speed. This can fuel the product demand
contributing to the global market growth.
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Considering
the rising demand, major companies are investing more in R&D to design
advanced construction software. For instance, Clear Estimates recently
introduced pro version of their product, which is a more powerful and improved
version till date. This advanced application enables integration with CRMs and
email marketing tools. In another instance, Buildsoft is offering an advanced
software called Cubit that provides unique solution for construction and
building project cost estimation. The designing tool provide remodelers and
builders with required tools and symbols projects enabling them to easily
design complex 2D and 3D designs of home or commercial buildings. There are
numerous construction designing software available in the market that offer
advanced features to support designers.
For
instance, SketchUp, a 3D modeling program that can be used in various
industries for designing purposes. It contains 3D model library that helps
designers save time. Another example is AutoCAD, which is capable of creating
both 2D and 3D designs. Geographically, Asia Pacific is predicted to witness
high demand attributed to the presence of a large number of end-use companies.
Furthermore, increasing population in developing countries like India and China
is likely to augment the market growth over the years to come. Increasing by
government investments on infrastructure projects including railways, roads,
and residential buildings is also anticipated to drive the regional market.
North
America is also expected to witness high demand due to the lack of skilled
professionals and stringent tax laws related to construction projects. Some of
the leading companies in the construction software market are Adobe, Inc.;
SketchUp; Autodesk, Inc.; Siemens PLM Software; and Oracle Corporation. Most of
these companies have undertaken business strategies like mergers and
acquisitions to expand their product portfolio and maintain market position.
For instance, Autodesk recently announced the plans to acquire PlanGrid.
PlanGrid is a cloud-based management software company. Hence, Autodesk is
combining PlanGrid’s software with its BIM 360 and Revit systems to provide
better solutions.
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