The global turnover of the software for construction currently stands at $3.7 billion, but it is destined to leap beyond 8 billion by 2033, with an annual growth rate of 9.2%.
This is confirmed by an analysis by Precedence Researchaccording to which the projects of smart city in Europe they are playing a crucial role in this expansion, making software platforms increasingly essential tools for designers and public administrations. These platforms allow you to plan interventions more efficiently, reducing time, risks and extra costs.
The Benefits of Building Software
The project management segment led the market in 2023, thanks to the digitalisation which affects various sectors, construction first and foremost. Advanced management tools are required to improve coordination and simplify planning. These tools, in particular, help with documentation processes, including design, cost estimating, accounting, progress tracking, resource allocation, employee management, scheduling, and forecasting. Construction software also offers several benefits, such as reducing risks, improving decisions, and increasing profits.
The distribution method cloud has dominated the market, offering benefits such as real-time monitoring and efficiency. Large construction companies, often involved on multiple fronts, are the main users of this software, while general contractors represent the most relevant application segment.
Population growth and urbanization are driving the expansion of construction projects, with strong demand for residential buildings in both developed and developing countries. In parallel, the development of smart cities and investments in smart infrastructure are further fueling the market.
North America is the market leader, with the greatest growth in Europe
At the regional level, the Nord America dominated the market in 2023, but Europe is expected to be the fastest growing regionthanks to the growing adoption of smart technologies and urbanization. European government investments in smart infrastructure are strengthening the role of construction software on the continent.
