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Global Construction Estimation Software Market to Grow 10.16% by 2020 - Increased Investments in Infrastructure Development - Research and Markets.

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.

Key vendors:

Causeway Technologies

Cordell Information

ProEst Estimating Software (ProEst)

Sage Software

Viewpoint

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

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Research and Markets

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Publication:PR Newswire Europe
Geographic Code:4EUIR
Date:Nov 3, 2016
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