DUBLIN, November 3, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Construction Estimation Software Market 2016-2020" report to their offering.
The report forecasts the global construction estimation software market to grow at a CAGR of 10.16% during the period 2016-2020.
One of latest trends in the market is increase in real estate developments. Increasing real estate investments in APAC are expected to boost real estate activities in the region. Real estate investments lead to planned projects that require cost estimation, which in turn, stimulates higher adoption and use of construction estimation software. Real estate investments are expected to grow during the forecast period because of low interest rates and strengthening global economic environment, coupled with direct real estate investments from institutional investors.
According to the report, one of the primary drivers in the market is increased investments in infrastructure development. The increased investment in infrastructure development across APAC, the Americas, and Europe is likely to affect the growth of the construction tractors market during the forecast period. It is expected that infrastructure spending in APAC will reach $5.36 trillion a year by 2025, representing 60% of the world's total infrastructure. APAC will require $15 trillion-$20 trillion in terms of infrastructure investment by 2030. A number of public private partnership (PPP) projects in APAC are in the pipeline. The major countries for private participation in infrastructure (PPI) projects in APAC in 2014 were China and India.
Further, the report states that one major challenge in the market is interoperability issues. The presence of several construction management software vendors has given rise to compatibility and interoperability issues. Most vendors develop the essential components required to set up construction estimation software. However, when various construction estimation software with different features are purchased from different vendors and installed, there is a high probability of incompatibility among the software.
- Causeway Technologies
- Cordell Information
- ProEst Estimating Software (ProEst)
- Sage Software
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Construction market overview
PART 07: Market size and forecast
PART 08: Geographical segmentation
PART 09: Market attractiveness
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Impact of trends
PART 16: Buying criteria
PART 17: Five forces analysis
PART 18: Vendor landscape
PART 19: Key vendor profiles
PART 20: Assumptions
PART 21: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/zzfgdj/global
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets