The construction industry is facing an uphill battle in many ways: a labor shortage, more complex projects, and the need to complete projects faster and on budget. The pressures continue to mount, and technology can help. Perhaps one of the greatest places technologies can help construction is in the field using construction management software.
Market Growth
The construction management software market is anticipated to grow, according to Mordor Intelligence, at a rate of 9.33% from 2024 through 2029, rising from $9.73 billion to $15.20 billion.
This type of technology can help track budgets, estimates, material costs, labor activities, communication, and more—and today most of this collaboration is in the cloud, meaning workers can access the information on any device and from anywhere.
The North American construction management software market is expected to grow in the forecast period, as it is one of the leading markets. The high rate of software adoption in the region and multiple construction management software firms across the region are causing the growth.
Construction Trends to Watch
Here’s the hard reality: Today’s project manager has a lot on their plate, as they need to manage crews, plan weekly scheduling needs, and ensure productivity on the project. As projects ramp up, their jobs are only becoming more complex.
With the right mix of people, process, and technology, project managers can drive the project forward—but they must ensure they have the right mix to complete the project on time and on budget.
Do you have a construction-management program designed specifically for the construction industry? If so, we want to hear about it! Our 2025 Constructech Top Products ballot is now open. If you have any questions, be sure to check out our FAQ page or reach out to us.
We always want to make sure we know about all the latest and greatest technology, and we want to share it with the project managers who need it.
Now is the time for construction companies to ramp up, and they can only do it with the right mix of people, process, and technology.
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