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.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
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
Industry Analyst
Sophie is an Industry Analyst at Verdantix, specializing in AEC software and digital twins. She provides strategic guidance to both technology buyers and software vendors, del...
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Claire Stephens
Research Director
Claire Stephens is a Research Director at Verdantix, leading research into technologies and services shaping the real estate and the built environment, encompassing ...
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