Middle East and Africa Construction Management Software Market, By Offering (Solution, Services), Device Type (Smartphone, Computer), Pricing Model (License Based, Subscription Based), Application (Preconstruction, Project Management, Resource Management, Financial Management, Customer Relationship Management Software, Others), Vertical (Residential Construction Contractors, Commercial Construction Contractors, Landscaping Contractor, Construction Manager, Engineer, Architect, Others), Industry Trends and Forecast to 2029.
Market Analysis and Size
The construction sector is behind compared to other industries when it comes to using and adopting new technologies. In earlier years, construction took place with traditional methods and traditional tools and equipment. Thereby risking the lives and heavily impacting the environment. However, as time progressed, society has developed safer and more accurate methods for safe construction. In 1917, Henry Gantt, created a scheduling diagram called the Gantt chart. At that time, it was a revolutionary tool, and gradually its importance increased in the 1920s. The Hoover Dam project, which started in 1931, was among the Gantt chart's first beneficiaries. Moreover, the American Association of Cost Engineers is formed by early project management practitioners and those involved in planning and scheduling, cost and schedule, and cost estimating.
Construction project management software can be deployed on PC or mobile (iOS or android) devices and cloud-based software. Some of the benefits of construction management software include real-time communication and collaboration, effective resource planning, optimized budget management, document sharing and control, and others.
Data Bridge Market Research analyses that the Middle East & Africa construction management software market is expected to reach the value of USD 653.96 million by 2029, at a CAGR of 6.0% during the forecast period. The construction management software market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By Offering (Solution, Services), Device Type (Smartphone, Computer), Pricing Model (License Based, Subscription Based), Application (Preconstruction, Project Management, Resource Management, Financial Management, Customer Relationship Management Software, Others), Vertical (Residential Construction Contractors, Commercial Construction Contractors, Landscaping Contractor, Construction Manager, Engineer, Architect, Others)
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Countries Covered
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Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa (MEA)
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Market Players Covered
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Oracle, Procore Technologies, Inc., Intuit Inc., Trimble Inc., ConstructConnect, Sage Group plc, Autodesk Inc., Buildertrend, Smartsheet Inc., Branch Metrics, monday.com, Epicor Software, orporation, Jonas Construction Software Inc., Wrike, Inc., Finalcad SARL, Constellation HomeBuilder Systems, CMiC, ITAakash Strategic Soft.(P) Ltd., RIB CCS, V Plan, CoConstruct, UDA Technologies, STACK Construction Technologies, Systemates, Inc., Tilos Americas, INSPECTIVITY PTY LTD., ClockShark, LLC, MITEK INC., EZOfficeInventory, BENTLEY SYSTEMS, INCORPORATED among others.
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Market Definition
Construction management software refers to a tool used by professionals to streamline day-to-day tasks to improve projects delivery. It helps companies in budget management, communication, decision-making, job scheduling, and others. It is utilized by contractors and construction managers to improve productivity and meet project deadlines within the budget limit.
Construction project management software can be deployed on PC or mobile (iOS or android) devices and cloud-based software. Some of the benefits of construction management software include real-time communication and collaboration, effective resource planning, optimized budget management, document sharing and control, and others.
Construction Management Software Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers/Opportunities
- Rise in cloud-based technology adoption in project management software
The cloud-based technology adoption in management software is adding more value to the construction management software process because of accessibility and user techniques resulting major benefits for the long term. The long term benefits is being aware to the construction professionals and are willing to adopt the technology. Thus, the cloud-based technology adoption is in a great demand because of rise in the demand for digitalization for construction projects, leading to the growth of Middle East and Africa construction management software market.
- Growing importance of lean management to reduce operating cost through adoption of software
The lean construction includes essential features to deliver set of objectives aiming at project efficiency through optimizing the resources which is very easy to implement with the help of design, planning activation and maintenance. The implementation of this process is difficult and complicate to monitor in real and thus technology integration will simplifies the lean management in construction management software process which directly drives the Middle East and Africa construction management software market.
- High requirement of effective tool management
The effective tool management will strive the costing efficiency of the construction project and thus construction companies can upsurge their profit margins along with the rise in the working efficiency. This tools are easily managed through software programs which offers Gantt chart functions to schedule the usage of the tools and equipment and this will directly support the growth of Middle East and Africa construction management software market.
- Digitalization in construction sector
The digitalization impacts a major advantage for construction industry as well as for growing the Middle East and Africa economy. This will boost the adoption of software and application for improving the productivity in the construction and thus will directly help to grow the Middle East and Africa construction management software market.
- Rise in government support for infrastructure development associations
The government’s primary role to develop any nation starts with the development of infrastructure and it has to ensure the cooperation with private sector for efficient building the required infrastructure particularly of energy, roads, telecommunications, water supply, railways, health and many others to bring out the positive growth of economy. Thus, governments across the globe supports the construction industry which will directly supports the growth of the Middle East and Africa construction management software market.
Restraints/Challenges
- High initial cost of construction management software
Construction projects are associated with full of surprises and accordingly varies the pricing of the software. At the initial stage of adoption of the software, there will be a setup price which can include the costing of the devices used for the interface, accessibility and inputting the data and there is a separate subscription charges which is recurring monthly or annually the users has to pay. The initial costing will amount very high when compared to the subscription fees and hence it is expected to restrict the growth of Middle East and Africa construction management software market.
- Complexity associated with development of software
The development of different construction management software will give rise to numerous problems to the software developers who are unaware of the on field construction sites. This can be the one of the major reason for the difficulties faced by the developers and each project is different because of which there has to be new software development which give rise to new debugs and accelerate the development time resulting complexity. Thus, the more complexity in development of software will directly hamper the growth of construction industry and thus limits the growth of Middle East and Africa construction management software market.
Post COVID-19 Impact on Construction Management Software Market
COVID-19 created a major impact on the construction management software market as almost every country has opted for the shutdown for every production facility except the ones dealing in producing the essential goods. The government has taken some strict actions such as the shutdown of production and sale of non-essential goods, blocked international trade, and many more to prevent the spread of COVID-19. The only business which is dealing in this pandemic situation is the essential services that are allowed to open and run the processes.
The growth of the construction management software market is attributed to the increasing demand for infrastructure development and government investments for construction developments across all regions and countries. Although construction industry faced major issues during pandemic, as the industry was on complete shutdown, however later the industry resumed with a greater pace and continues to grow.
Software providers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in the construction operations to integrate and automate the work processes. With this, the companies will bring advanced technologies to the market. In addition, government initiatives for large commercial projects has led to the market's growth
Recent Developments
- In May 2022, Oracle announced the partnership with Deloitte to establish better Oracle applications. This partnership will help the company to develop cloud and application technology to offer better solution portfolio for the customers and improve brand value
- In May 2022, Procore Technologies, Inc. announced the company has been recognised as Top Rated Construction Product by TrsutRadius for technology products. This recognition will help the company to increase its brand value in the market and trust value among the customers which can help to accelerate the sales growth for the company
Middle East and Africa Construction Management Software Market Scope
The construction management software market is segmented on the basis of offering, device type, pricing model, application and vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
- Solution
- Services
On the basis of offering, the Middle East and Africa construction management software market is segmented into solution and services.
Device Type
- Smartphone
- Computer
On the basis of device type, the Middle East and Africa construction management software market has been segmented into below smartphone and computer.
Pricing Model
- License Based
- Subscription Based
On the basis of pricing model, the Middle East and Africa construction management software market has been segmented into license based and subscription based.
Application
- Pre-construction
- Project Management
- Resource Management
- Financial Management
- Customer Relationship Management Software
- Others
On the basis of application, the Middle East and Africa construction management software market has been segmented into pre-construction, project management, resource management, financial management, customer relationship management software and others.
Vertical
- Residential Construction Contractors
- Commercial Construction Contractors
- Landscaping Contractor
- Construction Manager
- Engineer
- Architect
- Others
On the basis of vertical, the Middle East and Africa construction management software market has been segmented into residential construction contractors, commercial construction contractors, landscaping contractor, construction manager, engineer, architect and others.
Construction Management Software Market Regional Analysis/Insights
The construction management software market is analysed and market size insights and trends are provided by country, offering, device type, pricing model, application and vertical as referenced above.
The countries covered in the construction management software market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East.
U.A.E. dominates the Middle East and Africa construction management software market. U.A.E. is likely to be the fastest-growing Middle East and Africa construction management software market. U.A.E. have demonstrated strong commitment towards the infrastructure development and transportation facilities.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Construction Management Software Market Share Analysis
The construction management software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to construction management software market.
Some of the major players operating in the construction management software market are Oracle, Procore Technologies, Inc., Intuit Inc., Trimble Inc., ConstructConnect, Sage Group plc, Autodesk Inc., Buildertrend, Smartsheet Inc., Branch Metrics, monday.com, Epicor Software, orporation, Jonas Construction Software Inc., Wrike, Inc., Finalcad SARL, Constellation HomeBuilder Systems, CMiC, ITAakash Strategic Soft.(P) Ltd., RIB CCS, V Plan, CoConstruct, UDA Technologies, STACK Construction Technologies, Systemates, Inc., Tilos Americas, INSPECTIVITY PTY LTD., ClockShark, LLC, MITEK INC., EZOfficeInventory, BENTLEY SYSTEMS, INCORPORATED among others.
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