Report : US Construction Quality Management Software Market Forecast to 2028 – COVID-19 Impact and Country Analysis – by Component (Software and Service), Deployment (On Premise and Cloud Based), and End User (Construction Managers, Builders and Contractors, Engineers and Architects, and Others)
Increasing Adoption of Cloud Computing to Create Lucrative Opportunities for US Construction Quality Management Software Market during 2022–2028
According to our latest market study on “US Construction Quality Management Software Market Forecast to 2028 – COVID-19 Impact and Country Analysis – by Component, Deployment, and End User,” the US construction quality management software market size is expected to grow from US$ 154.6 million in 2022 to US$ 253.3 million by 2028; the construction quality management software market size is expected to grow at a CAGR of 8.6% from 2022 to 2028.
The construction business has traditionally been slow at adopting newer technologies. In fact, several contractors are still in operation with obsolete technologies and manual processes that build it next to impossible to urge the whole knowledge required to with success coach comes on as they’re occurring in real-time. However, the construction industry dynamic is changing as many contractors move their operations to cloud computing and integrated construction quality management software platforms to take advantage of time data and workflows that eliminate the standard construction management roadblocks.
Cloud-enabled tools enable real-time updates and communication between the back-end workplace and construction sites. Cloud-based construction quality management software provides a platform that enables contractors to scale up the company’s future needs better and acclimatize to modern technologies. Shifting the bulk of construction operations to the cloud might be inevitable; however, the COVID-19 pandemic accelerated the pace of cloud-based system adoption within the construction industry. Before the COVID-19 pandemic, 85% of construction contractors used or planned to use cloud-based software package solutions. Moreover, cloud awareness and adoption across all industries skyrocketed post-pandemic. In addition, government initiatives for large commercial projects have led to the growth of the construction quality management software market during the forecast period (2022 – 2028).
US construction quality management software market analysis by component, the US construction quality management software market is bifurcated into software and services. In 2021, the software segment led the US construction quality management software market and accounted for a larger market share. Based on deployment, the market is bifurcated into cloud based and on premise. In 2021, the cloud-based segment led the market and accounted for a larger market share. Based on end user, the US construction quality management software market is segmented into construction managers, builders and contractors, engineers and architects, and others. In 2021, the builders and contractors led the market and accounted for the largest US construction quality management software market share.
Impact of COVID-19 Pandemic on US Construction Quality Management Software market
According to an article published in the Journal of Commerce Online, the US Department of Transportation (DOT) announced infrastructure for rebuilding America (INFRA) grants worth a total of US$ 905 million for 24 projects across the US in September 2021. These projects included the elevation of a tunnel to allow double-stacked trains into the port of Baltimore and rehabilitating a Port of Miami container terminal. As a result, such infrastructure development projects fueled the construction quality management software market in the US before the COVID-19 pandemic. The major factors that hinder the construction industry are the lack of skilled laborers, shortages of materials and supplies, a decline in productivity, and the suspension or cancellation of projects/contracts. The COVID-19 pandemic initially influenced renovation work at the University of Delaware's Worrilow Hall in June 2020. To overcome the effects of limited supplies and workforce, contractors had to adjust their project designs. According to the Associated General Contractors of America (AGCA), 78% of the 1,077 contractors has surveyed confirmed the issues of project delays. As a result, the COVID-19 pandemic hindered the construction quality management software market in the US in 2020. The participants are engaged in various research and development projects to advance the technology used in construction operations and integrate and automate labor processes. Moreover, for instance, government programs for significant commercial projects contributed to the US construction quality management software market growth
ConstructConnect; Autodesk Inc.; Bentley Systems Incorporated; Trimble Inc.; Oracle Corporation; Buildertrend; Odoo SA; Sage Group plc; CMiC; and Procore Technologies, Inc are a few key players operating in the US construction quality management software market. Several market players have been analyzed to understand the US construction quality management software market.
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