Steady Expansion Forecast for Construction Estimating Software Market, Projected to Reach $2.26 Billion by 2029

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Construction Estimating Software Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for construction estimating software has seen robust growth in the past years. It's projected to increase from $1.45 billion in 2024 to $1.56 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.6%. Factors responsible for the growth during the historical period include a shift towards digital construction procedures, efforts to reduce cost overruns, government funding in infrastructure, the expansion of the global construction industry, as well as fluctuations in labor and material costs, and a desire for accuracy in bids.

Construction Estimating Software Market Size Forecast: What's the Projected Valuation by 2029?
The market for construction estimating software is projected to witness robust expansion in the coming years. The market is set to reach $2.26 billion by 2029, progressing at a compound annual growth rate (CAGR) of 9.6%. Aspects contributing to this growth during the forecast period include an increase in design-build contracts, governmental push for smart cities, data protection protocols, mobile calculating applications, and incorporation with project management software. Major forthcoming trends encompass cloud-centered construction estimating solutions, customization and scalability, AI-oriented predictive analytics for cost trends, cooperative estimation platforms, and amalgamation with cost databases.

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What Are the Drivers Transforming the Construction Estimating Software Market?
The surge in construction undertakings is predicted to drive the expansion of the construction estimating software market. Construction activities ranging from building creation, reconstruction, dismantling, preservation, or restoration, to other civil and architectural tasks that include site groundwork, digging, drilling, seismic investigations, and the supply of products, materials, equipment and machinery. The rise in construction jobs fuels the growth of the construction estimating software market as this software delivers rapid, clear, and meticulous results and data resolutions to clients, while also ensuring cost-effectiveness, better project planning, quicker outcomes, and customer satisfaction. For example, in April 2023, data from the United States Census Bureau, a principal agency of the Federal Statistics System of the US, projected that construction expenditure was around $1,844.1 billion in February 2023, a rise from $1,753.1 billion in February 2022. Furthermore, construction outlays during the initial two months of 2023 was around $260.8 billion, an increase from $246.1 billion during the same period in 2022. Consequently, this escalation in construction endeavors is stimulating the growth of the construction estimating software market.

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What Long-Term Trends Will Define the Future of the Construction Estimating Software Market?
The growing popularity of product innovation is a significant trend in the construction estimating software market. Major players in this market are channeling efforts into the creation of innovative products to cement their market dominance. For example, Estimating Edge, a software firm based in the United States, rolled out a new product called VECTOR in May 2022. VECTOR is designed to streamline quantity takeoffs and cost estimations in construction by enabling users to handle both 2D plans and 3D models. Its objective is to increase productivity through task automation, improved collaboration, and instantaneous data management.

Which Segments in the Construction Estimating Software Market Offer the Most Profit Potential?
The construction estimating softwaremarket covered in this report is segmented -

1) By Product: Construction Accounting, Construction Management, Construction Suites, Project Management
2) By Software License: Perpetual License, Subscription License, Other Software Licenses
3) By Deployment: Cloud, On-Premise
4) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
5) By End-Use: Architects And Builders, Construction Managers, Contractors, Other End-Users

Subsegments:
1) By Construction Accounting: Cost Tracking, Budgeting, Invoicing, Payroll Management
2) By Construction Management: Resource Management, Scheduling, Compliance Management, Safety Management
3) By Construction Suites: Integrated Solutions, Customizable Suites
4) By Project Management: Bid Management, Change Order Management, Document Management, Reporting And Analytics

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Which Firms Dominate the Construction Estimating Software Market by Market Share and Revenue in 2025?
Major companies operating in the construction estimating software market include Autodesk Inc., Bluebeam Inc., Corecon Technologies Inc., Glodon Company Limited, Microsoft Corporation, RIB Software SE, Sage Group PLC, Trimble Inc., AppliCAD PCL, PrioSoft, Buildsoft Pty Ltd., Heavy Construction Systems Specialists Inc., PlanSwift Software LLC, Oracle Corporation, Advanced Electrical Technologies Inc., QuoteSoft Inc., ProEst, Procore Technologies, STACK Construction Technologies, AccuLynx, HCSS, Clear Estimates, RSMeans data, Sigma Estimates, B2W Software, InEight, RedTeam Software, CostX, Esticom, Estimator360 Inc., WinEstimator Inc., Foundation Software, FastEST Inc., eTakeoff LLC, McCormick Systems, ConstructConnect, On Center Software, UDA Technologies, BidScreen XL, Causeway Technologies

Which Regions Offer the Highest Growth Potential in the Construction Estimating Software Market?
North America was the largest region in the construction estimating software market in 2024. The regions covered in the construction estimating software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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