Verdantix Construction Management Software Green Quadrant To Benchmark Leaders In A Market Set To Exceed $5 Billion In 2029

Verdantix Construction Management Software Green Quadrant To Benchmark Leaders In A Market Set To Exceed $5 Billion In 2029

After decades of sluggish adoption, momentum is building behind the construction industry’s digitization – are you keeping up? Firms seeking to unlock productivity gains, financial savings and operational sustainability have led to the development of, and skyrocketing demand for, specialized solutions, producing a distinct construction management software (CMS) market within the wider AEC space. Although construction remains one of the least digitized industries, providers in the space are seeing double-digit growth. For example, in 2023, year-on-year growth for Bentley Systems hit 12%, Autodesk hit 14% and PlanRadar’s global growth surpassed 50%. Meanwhile, dedicated CMS platform Procore achieved 32% growth – highlighting the substantial opportunities that the market presents.

In our Market Size And Forecast: Construction Management Software 2023-2029 (Global) report, Verdantix calculated the global market for CMS to be worth $2.9 billion in 2023, with a strong projected 9.4% annual growth trajectory for the next five years. The market size and forecast report provides a granular market breakdown, categorizing spend by 17 countries and three key project size segments:

• Large: $500 million and above
• Medium: $1 million to $500 million
• Small: $1 million and below

Geographically, APAC and the Middle East are poised for the fastest growth, with CAGRs of 12% and 11% respectively, outpacing the Americas (8%) and Europe (9%). Accelerated growth is driven by high construction rates, burgeoning populations and positive economic outlooks. Despite other regions’ rapid growth, the Americas will maintain its position as leading region by market share, surpassing $2 billion to represent 40% of the total market by 2025.

CMS will continue to occupy a stronghold in large-scale projects, reflected by the highest expenditures, reaching over $3 billion in 2029. Although the industry has traditionally lagged in the adoption of digital solutions, advancements in cloud-based and SaaS solutions have made CMS solutions more accessible for smaller enterprises, contributing to sustained high growth rates for medium and small projects (CAGRs of 10% and 16%). As these segments rapidly catch up, significant new market opportunities are emerging for vendors.

Looking ahead to 2025, consolidation trends will widen the gulf between market-dominant and niche providers, perpetuating a positive investment cycle for the largest brands and narrowing the vendor pool for buyers. As dominant players grow stronger, making informed vendor selections will be crucial. Our upcoming Green Quadrant report will profile the most prominent CMS providers, assessing their capabilities and market momentum to shed a light on the current provider landscape.

For a deep dive into the future of CMS, explore our full 2025 market size and forecast report, and stay tuned for our highly anticipated Green Quadrant report.