It is projected that the Jobsite Management Software Market would grow from US$ 5.2 billion in 2021 to US$ 5.7 billion in 2022. From 2022 to 2032, the market is projected to expand at a compound annual growth rate (CAGR) of 8.6%, reaching a valuation of US$ 13.1 billion. The industry’s growth is due to the rise of building in developing countries.
Rapid urbanisation is expected to be one of the key factors driving the market over the evaluation period. As more people relocate into cities throughout the predicted timeframe, the building business is expected to grow significantly. Furthermore, the near future is expected to see a rise in market size due to new housing patterns and digitally enabled smart cities.
For instance, BIM software like AutoCAD and Revit allows the user to digitally test the construction. These advancements are anticipated to give the sector a major boost over the assessment period.
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As a result of the growing emphasis on smart manufacturing, Asia Pacific is predicted to experience the quickest growth during the projected period. The presence of developing economies like China, Japan, and India has made the region one of the most significant markets for construction and design software.
Construction equipment earned US$ 5 billion in revenue in 2020, according to Invest India, the Government of India’s National Investment Promotion and Facilitation Agency.
Key Points from the Market Study
- By end-user, the general contractor’s segment is anticipated to dominate the market while exhibiting a CAGR of 8.5% during the forecast period
- By product type, the cloud-based segment is projected to record a CAGR of 8.6% from 2022-2032
- Market in the U.K to garner a market value worth US$ 536.4 Million by 2032
- Industry in China to record a CAGR of 7.9% during the forecast period
- The market in South Korea is expected to hold a value of US$ 470.8 Million during the assessment period.
Competition Analysis
Key players in the market include Heavy Construction Systems Specialists, Inc., Fieldwire, CoConstruct, esub construction software, and DataForma. Notable Developments in the Market are:
- In February 2022, Trimble Inc., a California-based building & construction player, introduced the Trimble Roadworks Paving Control Platform for asphalt, to allow operators to monitor the compaction process appropriately.
- In March 2021, Trimble Inc. launched the latest version of Tekla Structures 2021, a structural BIM software solution for structural engineering, steel fabrication management, and constructible BIM. The software offers updated features and offers better usability with in-product guidance.
- In April 20compactors22, eSUB Construction Software, a cloud-based management solution, founded in San Diego, CA, announced the latest iteration of its unique construction software. eSUB Cloud 2.0 aims to increase profitability and productivity by strengthening communication between the office and field and offering an advanced user experience.
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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global job site management software market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
Key Segments Profiled In The Jobsite Management Software Market
Jobsite Management Software Market by Product Type:
- Installed PC Jobsite Management Software
- Installed Mobile Jobsite Management Software
- Cloud-based Jobsite Management Software
Jobsite Management Software Market by End-User:
- Jobsite Management Software by General Contractors
- Jobsite Management Software by Building Owners
- Jobsite Management Software by Independent Construction Managers
- Jobsite Management Software by Sub-Contractors
- Jobsite Management Software by Others
Jobsite Management Software Market by Region:
- Jobsite Management Software in North America
- Jobsite Management Software in Europe
- Jobsite Management Software in APAC
- Jobsite Management Software in MEA
- Jobsite Management Software in Latin America
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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