What is the Historical Analysis of the Construction Estimating Software Market Size?
The construction estimating software market has seen considerable growth due to a variety of factors.
• In the past few years, the construction estimating software market size has seen robust growth. A surge from $1.45 billion in 2024 to $1.57 billion in 2025 at a compound annual growth rate of 8.4% is anticipated. The upward trend during the historic period can be traced back to the move towards digital construction procedures, cost overrun control, government funding in infrastructure, growth of the global construction sector, variations in labor and material costs, and the need for accuracy in bidding.
What Is The Projected Growth Of The Construction Estimating Software Market?
The Construction Estimating Software market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of construction estimating software is projected to experience a substantial uptick in the coming years. By 2029, it is expected to expand to $2.3 billion, growing at a compound annual growth rate (CAGR) of 10.0%.
This anticipated growth in the upcoming forecast period can be linked to a surge in design-build contracts, governmental strategies for the development of smart cities, the implementation of data protection standards, the use of mobile estimating applications, and the integration with project management software. Emerging trends within this forecast period encompass cloud-based estimations in construction, customizable and scalable solutions, AI-driven predictive analytics for cost trends, cooperative estimation platforms, and the integration with cost databases.
What Are The Key Drivers Fueling Growth In The Construction Estimating Software Market?
The surge in construction work is projected to stimulate the growth of the construction estimating software market. Construction involves the establishment, reconstruction, deconstruction, upkeep, or refurbishment of buildings, structures, or other works of civil engineering or architecture. This includes tasks like site preparation, excavation, drilling, seismic analysis, supply of products, materials, equipment, and machinery. The rise in construction work paves the way for growth in the construction estimating software market as it provides clients with accurate, quick, and illustrated results and data solutions. It also offers cost efficiencies, enhanced planning, timely results, and customer satisfaction. For instance, the United States Census Bureau, a main agency of the Federal Statistics System, reported in April 2023 that construction spending was projected at $1,844.1 billion in February 2023, an increase from $1,753.1 billion in February 2022. In addition, the total construction expenditure in the first two months of 2023 was $260.8 billion, an upsurge from $246.1 billion during the same period in 2022. Consequently, the escalating construction activities are fuelling the growth of the construction estimating software market.
What Are The Principal Market Segments In The Global Construction Estimating Software Industry?
The construction estimating software market covered in this report is segmented –
1) By Product: Construction Accounting, Construction Management, Construction Suites, Project Management
2) By Software License: Perpetual License, Subscription License, Other Software Licenses
3) By Deployment: Cloud, On-Premise
4) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
5) By End-Use: Architects And Builders, Construction Managers, Contractors, Other End-Users
Subsegments:
1) By Construction Accounting: Cost Tracking, Budgeting, Invoicing, Payroll Management
2) By Construction Management: Resource Management, Scheduling, Compliance Management, Safety Management
3) By Construction Suites: Integrated Solutions, Customizable Suites
4) By Project Management: Bid Management, Change Order Management, Document Management, Reporting And Analytics
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Which Emerging Market Trends Are Altering The Construction Estimating Software Industry?
Innovations in products is a key trend that is becoming increasingly prevalent in the realm of construction estimating software market. To bolster their market position, significant corporations within this industry are concentrating on developing inventive products. For instance, Estimating Edge, an American software firm, unveiled VECTOR in May 2022. This product was intended to expedite quantity takeoffs and exact cost estimates, enabling users to utilize both 2D plans and 3D models, thus making the estimation process smoother for construction professionals. The software's intention is to increase productivity by taking over repetitive tasks, improving teamwork, and managing real-time data.
Who Are the Key Players In The Construction Estimating Software Market?
Major companies operating in the construction estimating software market include:
• Autodesk Inc.
• Bluebeam Inc.
• Corecon Technologies Inc.
• Glodon Company Limited
• Microsoft Corporation
• RIB Software SE
• Sage Group PLC
• Trimble Inc.
• AppliCAD PCL
• PrioSoft
• Buildsoft Pty Ltd.
• Heavy Construction Systems Specialists Inc.
• PlanSwift Software LLC
• Oracle Corporation
• Advanced Electrical Technologies Inc.
• QuoteSoft Inc.
• ProEst
• Procore Technologies
• STACK Construction Technologies
• AccuLynx
• HCSS
• Clear Estimates
• RSMeans data
• Sigma Estimates
• B2W Software
• InEight
• RedTeam Software
• CostX
• Esticom
• Estimator360 Inc.
• WinEstimator Inc.
• Foundation Software
• FastEST Inc.
• eTakeoff LLC
• McCormick Systems
• ConstructConnect
• On Center Software
• UDA Technologies
• BidScreen XL
• Causeway Technologies
What Are The Regional Insights Into The Construction Estimating Software Market?
North America was the largest region in the construction estimating software market in 2024. The regions covered in the construction estimating software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
