Global construction management software market to hit $21.67 billion by 2030

The global Construction Management Software Market size was recorded at USD 9.45 billion in 2022 and is estimated to grow to USD 21.67 billion by 2030, according to a recent Kings Research study. The study also a strong CAGR of 12.50% over the forecast period of 2023-2030. The increase in construction projects worldwide has resulted in a notable upsurge in the need for construction management software solutions. These software platforms are essential for efficiently managing budgets, facilitating communication, aiding decision-making, estimating costs, and performing other vital functions within the construction industry.

Construction management software is a collection of digital resources created to enhance and simplify different components of the planning, execution, and monitoring phases of construction projects. These software applications support project scheduling, allocation of resources, management of documents, collaboration, and estimation of costs. The market for construction management software is expanding due to factors such as rapid urbanization, infrastructure development and the increasing demand for effective project management tools. Furthermore, transitioning to cloud-based deployments provides improved scalability and accessibility, enabling construction companies to adapt to changing project requirements.