Market Size And Forecast: Construction Management Software 2023-2029 (Global)

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Executive Summary

This report provides valuable insights for construction management software (CMS) suppliers, industry professionals and investors, offering a comprehensive understanding of the current state and size of the global CMS market. It also highlights key trends and drivers expected to shape the market through to 2029. The Verdantix model incorporates an updated analysis of macroeconomic drivers, disclosed and calculated supplier revenue figures, survey data, and insights from interviews with software vendors and buyers. Verdantix valued the market at $2.9 billion at the close of 2023; we expect it to grow at a CAGR of 9.4%, reaching $5.1 billion by 2029. Our analysis incorporates detailed breakdowns by region, country and project size.

Table of contents

Summary for decision-makers
Construction management software (CMS) market size and forecast methodology

Market size data for 2023 reflect aggregate CMS vendor revenues and buyer trends
The CMS market was worth $2.9 billion in 2023
Worsening labour shortages and risk of legal liability will trigger spend on CMS in the next five years
Macroeconomic uncertainty, integration challenges and reluctance to invest in digital solutions will limit growth
The CMS market will become a $5.1 billion market in 2029

Table of figures

Figure 1a. CMS market definition in the context of the broader building life cycle
Figure 1b. CMS market definition in the context of the broader building life cycle
Figure 2. Verdantix market size and forecast methodology
Figure 3. Model segmentation
Figure 4. CMS spend by technology type: 2023
Figure 5. The current and future value proposition of CMS for key buyer personas
Figure 6. CMS spend by region and country: 2023
Figure 7. CMS spend by project size: 2023
Figure 8. CMS forecast by region: 2023-2029
Figure 9. CMS forecast within the Americas: 2023-2029
Figure 10. CMS forecast within EMEA: 2023-2029
Figure 11. CMS forecast within APAC: 2023-2029
Figure 12. CMS forecast by project size: 2023-2029

About the authors

Sophie Planken-Bichler

Analyst
Sophie is an Analyst in the Verdantix Smart Buildings practice. She joined Verdantix in 2023, having previously worked as a landscape architect at James Blake Associates, where she gained experience in sustainable design and environmental policy. Sophie holds a BSc in Geography from the University of Exeter.

Claire Stephens

Research Director, Smart Buildings
Claire Stephens is Research Director of the Smart Buildings team. With 18 years of experience in the sector, Claire is recognized as an expert in industries that make up the built environment, in particular, corporate and commercial real estate, and workplace and sustainability technologies. At Verdantix, Claire will be digging into building technology for building owners, occupiers and investors, focusing on how to support them in reaching their ESG objectives. Prior to her arrival at Verdantix, Claire launched Asia’s first corporate real estate, green building and building technology publications. She has also delivered full lifecycle real estate consultancy services covering a broad range of asset types in industries including financial services, oil and gas, pharmaceuticals, technology, consumer goods, media, retail and hospitality.

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