Construction Cost Estimating Software Market, Global Outlook and Forecast 2024-2030
The global Construction Cost Estimating Software market size was valued at US$ 1.23 billion in 2024 and is projected to reach US$ 2.15 billion by 2030, at a CAGR of 9.8% during the forecast period 2024-2030.
The United States Construction Cost Estimating Software market size was valued at US$ 389.5 million in 2024 and is projected to reach US$ 654.3 million by 2030, at a CAGR of 9.0% during the forecast period 2024-2030.
Construction Cost Estimating Software provides tools for calculating project costs, material quantities, and labor requirements for construction projects.
The global market is growing rapidly, driven by construction industry digitization and accuracy demands. In 2023, the software processed over 2.5 million project estimates globally, with commercial construction accounting for 45% of usage. The market saw a 35% increase in BIM integration adoption in 2023. Cloud-based platforms dominate with a 70% market share, while on-premise solutions are growing at 8% annually. North America leads with a 40% market share, while Asia Pacific is the fastest-growing region at 11.5% CAGR. The industry is focusing on developing AI-powered estimating, with a 45% growth in R&D investments for automated takeoff capabilities.
Report Overview
Plan your budget with the help of the cost estimating software. You can divide your plan into assignments, set cost for them as well as for virtual resources and team member and eventually, get the cost of the whole project.
Cost estimating software is computer software designed to predict how much a project will cost, what materials they need, how much of it they need to order and financial side of the business.
This report provides a deep insight into the global Cost Estimating Software market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Cost Estimating Software Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Cost Estimating Software market in any manner.
Global Cost Estimating Software Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
PRISM
ACCA software
Advanced Electrical Technologies
AppliCad
Bidding Professionals
Bluebeam
BuildingConnected
Builterra Inc.
Cleopatra Enterprise
Connecteam
eTakeoff
FastEST
GanttPRO
Glodon
Invoice Simple
JBKnowledge
Microsoft
MTI Systems
Nomitech
PRICE Systems
PrioSoft
ProEst
Quilder
QuoteSoft
RedTeam
Speedinvoice
Takeoff Live
UDA Technologies
Vision InfoSoft
Market Segmentation (by Type)
On-premise
Cloud-based
Market Segmentation (by Application)
Mining Industry
Construction Industry
Oil & Gas Industry
Infrastructure Industry
Energy Industry
Others
Geographic Segmentation
