GITNUX MARKETDATA REPORT 2024

Estimate Industry Statistics

Providing a reliable estimation of key industry statistical measures based on available data and analytical techniques.

Last Updated: June 22, 2024

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In this post, we will explore the latest statistics and projections shaping the industry of construction estimating software. From market size figures to growth trends across different regions and sectors, these key insights provide a comprehensive overview of the evolving landscape in the estimation software market.

Statistic 1

"The global construction estimating software market size was valued at USD 319.8 million in 2020."

Statistic 2

"It projects that this industry will register a CAGR of 7.3% from 2021 to 2028."

Statistic 3

"The cost estimation software market in North America is expected to hold the largest market share of over 35% by 2024."

Statistic 4

"The global market for Cost Estimating Software Industry is likely to grow at a CAGR of approximately 10.6% over the next five years."

Statistic 5

"Global Cost Estimating Software Market size was calculated to be USD 5,821 million in 2021 and is expected to reach a size of USD 10,835 million by 2029."

Statistic 6

"The global project estimation software industry was worth $1.25 billion in 2020 and expected to reach $1.74 billion by 2026."

Statistic 7

"North America dominated the project estimation software market with a share of 45% in 2020."

Statistic 8

"It is projected that by 2027, global estimating software will enjoy a share of $10.3 billion in the construction industry."

Statistic 9

"The market for construction estimating software in the Asia Pacific was valued at US$ 109.2 Mn in 2018."

Statistic 10

"Cloud-based estimating systems are expected to see a compound annual growth rate of 8.9% between 2018 and 2025."

Statistic 11

"Small and mid-size companies account for more than 50% of the customer base for estimating software."

Statistic 12

"Demand for cloud-based model of estimating software is expected to grow at a CAGR of 15% during the forecast period from 2020 to 2027."

Statistic 13

"The Healthcare Estimating Software Market size is expected to grow from USD 1.44 Billion in 2021 to USD 2.12 Billion by 2024."

Statistic 14

"The market for construction estimating software in Europe will grow by USD 140.01 million during 2019-2023."

Statistic 15

"The manufacturing sector is anticipated to hold 30% share in the estimation software market by 2024."

Statistic 16

"The estimation software in the automotive sector is set to grow by over 10% from 2019 to 2025."

In conclusion, the construction estimating software market is showing strong growth projections, with significant increases in market size and adoption rates expected across various regions and industries. The statistics indicate a positive trend towards cloud-based solutions, particularly in the healthcare sector, as well as a shift towards more accurate and efficient cost estimation practices. The market is projected to continue expanding, driven by small and mid-size companies, increased demand for cloud-based models, and the growing importance of estimation software in sectors such as manufacturing and automotive.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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