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)
Market Introduction
Construction quality management software assists enterprises in managing all aspects of a construction business, including project management, cost control, and risk assessment. Additionally, these software solutions increase the efficiency of a project by shortening response times and enhancing employee communication. Furthermore, the various business functions such as monitoring and measuring are performed with real-time simulation and inserted if any improvement is needed. The construction management software helps organizations to increase profits and quality and maximize efficiency by reducing risks and other issues. Government & regulatory bodies, as well as peripheral participants such as industry consortiums, groups, and researchers, play a crucial role in shaping the construction quality management software market globally
Market Overview and Dynamics
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 US construction quality management software market size is expected to grow at a CAGR of 8.6% from 2022 to 2028.
Large vendors in construction management functionality are looking after AR/VR site management tools, as construction professionals and contractors recognize and leverage the benefits of cloud-based software. IoT solutions offer greater efficiency, real-time analysis, better communication mode, enhanced asset management, and added business intelligence to construction management. Furthermore, digital technologies, such as IoT, are transforming the construction industry by providing information that allows more timely maintenance, better parts management, better quality management, and better machine utilization. As IoT technology is beginning to mature, the management of construction sites is likely to undergo fundamental changes. IoT has already achieved significant progress in the construction industry and is expected to improve quality significantly, productivity and safety at work sites. Thus, the companies are willing to invest in IoT solutions to enhance the performance of construction activities.
Moreover, artificial intelligence has benefited the construction industry in recent years, especially in pre-construction phases, such as planning and designing, enabling advanced capabilities for building information modeling and generative design. Additionally, considerable innovations in safety, quality, monitoring, and maintenance systems that use AI capabilities to predict and warn about adverse situations are gradually increasing the role of AI-based technology in the construction industry. AI is also used to ease the communication between different elements in the construction process. For instance, the US software firm, PlanGrid, offers an app that gives real-time updates and synchronized files to allow architects, designers, and contractors easy access to the plans related to a project.
Whilevirtual reality (VR) was developed predominantly for the gaming and entertainment industries, it has started to be used in construction. Primarily this takes the form of simulating a building, structure, or space in which users can immerse themselves before it is constructed in reality, which enables designers and other construction professionals to test ideas, components, quality, and features before committing them to construction. It can also help identify potential conflicts or problems before construction work has started and alterations become more costly. Thus, digitalization is a major advantage for the construction industry and for growing the global economy. This will boost the adoption of software and application for improving the productivity and quality in the construction and thus will directly help the construction quality management software market growth during the forecast period.
Key Market Segments
Based on 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, US construction quality management software market analysis is bifurcated into cloud based and on premise. In 2021, the cloud-based segment led the US construction quality management software 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.
Custom home builders and contractors can manage projects, finances, and clients with the help of construction project management software. Owner-focused construction management software is predicted to have the highest construction quality management software market share. Construction software that is completely integrated, owner-centric, and cloud-based, E-Builder Enterprise is exclusively focused on addressing the demands of facility owners and construction specialists. A building project typically involves three significant partners. These parties include owners or clients, such as property owners, private real estate developers, and public or governmental organizations; designers, who turn the owner's concept into a design and construction documents; and builders or contractors, who either carry out or oversee the facility's construction.
Other segments comprise remodelers and facility managers. The construction quality management software market potential for construction and design software is increased by the remodeler’s heavy reliance on VR, BIM, 4D, and 5D simulations to replan projects and optimize schedules. Further, facilities management is an essential management criterion for the construction industry's strategic planning and daily operations. For instance, Tekla Structures 2021, a structural BIM software solution for structural engineering, constructible BIM, and steel fabrication management, was released in March 2021 by Trimble Inc. Additionally, this software includes updated features, enhancements, and enhanced use due to in-product instructions. Over the projection period, the segment's expansion will be fuelled by the strong demand for these technologies in residential and commercial structures.
Furthermore, urbanization's impact on commercialization's impact on demand for higher productivity and lower maintenance in various corporate offices all contribute to the construction quality management software market's expansion. Additionally, the increasing need for residential and non-residential construction, including various mega projects, drives the demand for higher construction investment. Huge investments are needed for these projects, which necessitates using maintenance services to extend the lifespan of construction structures.
Major Sources and Companies Listed
A few key primary and secondary sources referred to while preparing the report on the US construction quality management software market are company websites, annual reports, financial reports, national government documents, and statistical databases. A few leading companies listed in the construction quality management software market report are ConstructConnect; Autodesk Inc.; Bentley Systems Incorporated; Trimble Inc.; Oracle Corporation; Buildertrend; Odoo SA; Sage Group plc; CMiC; and Procore Technologies, Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Research Methodology
3.1.1 Data Collection:
3.1.2 Primary Interviews:
4. US Construction Quality Management Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. US Construction Quality Management Software Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Emphasis on Lean Management to Reduce Operation Costs in Construction
5.1.2 Rise in Need to Enhance Quality and Productivity of Construction Projects
5.2 Market Restraints
5.2.1 High Initial Cost and Interoperability Issues
5.3 Market Opportunities
5.3.1 Increasing Adoption of Cloud Computing in Construction Management Software
5.4 Future Trends
5.4.1 Growing Emergence of Artificial intelligence (AI), Virtual reality (VR) and Internet of Things (IoT) in Construction Management
5.5 Impact Analysis of Drivers and Restraints
6. US Construction Quality Management Software Market Overview
6.1 Market Overview
6.2 US Construction Quality Management Software Market Forecast and Analysis
6.3 Market Positioning –Key Players
7. Construction Quality Management Software Market Analysis – By Component
7.1 Overview
7.2 US Construction Quality Management Software Market Breakdown, By Component, 2021 & 2028
7.3 Software
7.3.1 Overview
7.3.2 Software Market Revenue and Forecast to 2028 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service Market Revenue and Forecast to 2028 (US$ Million)
8. Construction Quality Management Software Market Analysis – By Deployment
8.1 Overview
8.2 US Construction Quality Management Software Market Breakdown, By Deployment, 2021 & 2028
8.3 On Premise
8.3.1 Overview
8.3.2 On Premise Market Revenue and Forecast to 2028 (US$ Million)
8.4 Cloud based
8.4.1 Overview
8.4.2 Cloud based Market Revenue and Forecast to 2028 (US$ Million)
9. Construction Quality Management Software Market Analysis – By End User
9.1 Overview
9.2 US Construction Quality Management Software Market Breakdown, By End User, 2021 & 2028
9.3 Construction Managers
9.3.1 Overview
9.3.2 Construction Managers Market Forecast and Analysis
9.4 Builders and Contractors
9.4.1 Overview
9.4.2 Builders and Contractors Market Forecast and Analysis
9.5 Engineers and Architects
9.5.1 Overview
9.5.2 Engineers and Architects Market Forecast and Analysis
9.6 Others
9.6.1 Overview
9.6.2 Others Market Forecast and Analysis
10. Impact of COVID-19 Pandemic on Construction Quality Management Software Market
10.1 US
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 ConstructConnect
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Autodesk Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Bentley Systems Incorporated
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Trimble Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Oracle Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Buildertrend
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Odoo SA
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Sage Group plc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 CMiC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Procore Technologies, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. US Construction Quality Management Software Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. Glossary of Term: Construction Quality Management Software Market
LIST OF FIGURES
Figure 1. Construction Quality Management Software Market Segmentation
Figure 2. US Construction Quality Management Software Market Overview
Figure 3. US Construction Quality Management Software Market, by Component
Figure 4. US Construction Quality Management Software Market, by Deployment
Figure 5. US Construction Quality Management Software Market, by End User
Figure 6. US: PEST Analysis
Figure 7. Construction Quality Management Software Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. US Construction Quality Management Software Market: Impact Analysis of Drivers and Restraints
Figure 10. US Construction Quality Management Software Market Forecast and Analysis, (US$ Mn)
Figure 11. US Construction Quality Management Software Market Breakdown, By Component (2021 and 2028)
Figure 12. Software Market Revenue and Forecast to 2028(US$ Million)
Figure 13. Service Market Revenue and Forecast to 2028(US$ Million)
Figure 14. US Construction Quality Management Software Market Breakdown, By Deployment (2021 and 2028)
Figure 15. On Premise Market Revenue and Forecast to 2028(US$ Million)
Figure 16. Cloud based Market Revenue and Forecast to 2028(US$ Million)
Figure 17. US Construction Quality Management Software Market Breakdown, By End User, 2021 & 2028 (%)
Figure 18. Construction Managers Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Builders and Contractors Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Engineers and Architects Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Impact of COVID-19 Pandemic in US Country Markets
- ConstructConnect
- Autodesk, Inc.
- Bentley Systems Incorporated
- Trimble Inc.
- Oracle Corporation
- Buidlertrend
- Odoo SA
- Sage Group plc
- CMiC
- Procore Technologies, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the U.S. construction quality management software market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the U.S. construction quality management software market thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth country market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution