Market Overview:
The global construction bidding software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based construction bidding software and the growing adoption of construction management software by small and medium-sized enterprises (SMEs). On the basis of type, the global construction bidding software market can be segmented into on-premise and cloud-based. The cloud-based segment is expected to grow at a higher CAGR than the on-premise segment during the forecast period. This growth can be attributed to several factors such as lower costs, faster deployment, and scalability offered by cloud-based solutions.
Product Definition:
Construction bidding software is a computer program used to create, manage, and submit construction bids. It can automate the process of creating proposals and managing bid documents, as well as submitting bids electronically. Construction bidding software can help contractors save time and money by streamlining the bidding process.
On-premise:
On-premise software is a type of construction management software that is used to manage all the processes involved in the construction process. It includes designing, planning, managing resources, and monitoring progress. The major advantage of on-premise software is that it offers total control over data and operations which reduces costs related to IT support as well as infrastructure.
Construction bidding has been one of the most challenging tasks for project managers due to its complexity.
Cloud-based:
Cloud-based construction bidding software is a type of software that helps to automate the process of preparing and sending out requests for Quotations (RFQs) by allowing users to log into an account and access data. The data is then accessible through a web browser or mobile application.
The cloud-based RFQs are stored on the server of the service provider, which allows bidders to view all previous RFQs received for any project.
Application Insights:
Construction company was the largest application segment in 2017 and accounted for a revenue share of over 60%. The construction companies use these applications to bid and manage their projects. These applications offer real-time collaboration, project management tools, and access to a global network of professionals. They also provide an overall picture of all ongoing projects so that the client can have better visibility into the status of work.
The general contractors application segment is expected to witness significant growth over the forecast period owing to rising demand for infrastructure development across various regions including North America, Europe, Asia Pacific etc. General contractor¢â‚¬â„¢s role is generally limited within design & build or EPC contracting scope as compared with construction managers who are involved in every aspect related to a particular project from pre-construction planning stages till its completion on-time and within budget without any additional cost or charge imposed by them (general contractor).
Regional Analysis:
Asia Pacific construction bidding software market is expected to grow at the highest CAGR over the forecast period. The region’s growth can be attributed to increasing infrastructure spending coupled with rising government initiatives in developing countries such as China and India. For instance, in September 2017, Alibaba Group Holding Ltd., a Chinese e-commerce giant launched a cloud-based platform called Aliyun OS for offering construction services to developers and contractors across China. This initiative was taken up specifically for facilitating overseas investors in the country's real estate sector by providing them an online platform through which they could bid and manage projects from anywhere in China or outside it.
North America accounted for more than 20% of overall revenue share in 2016 owing to early adoption of technologies among players operating within this region followed by Europe due largely high penetration rates of smartphones, tablets, personal computers (PC) etcetera worldwide especially within developed economies such as U.
Growth Factors:
- Increasing demand for construction projects due to population growth and urbanization
- Rising awareness about the benefits of using construction bidding software among contractors and builders
- Growing number of small and medium-sized construction companies that are looking for affordable bidding software solutions
- Proliferation of cloud-based construction bidding software that makes it easier for contractors to access and use these tools
- Increased focus on digitization in the construction industry, which is driving the adoption of Construction Bidding Software
Scope Of The Report
Report Attributes
Report Details
Report Title
Construction Bidding Software Market Research Report
By Type
On-premise, Cloud-based
By Application
Construction Company, General Contractors, Construction Managers, Others
By Companies
iSqFt Holdings, Chetu, Sage Software, Pantera Global Technology, Tenderfield, Construction Software Technologies, Bid Planroom
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Construction Bidding Software Market Report Segments:
The global Construction Bidding Software market is segmented on the basis of:
Types
On-premise, Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction Company, General Contractors, Construction Managers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- iSqFt Holdings
- Chetu
- Sage Software
- Pantera Global Technology
- Tenderfield
- Construction Software Technologies
- Bid Planroom
Highlights of The Construction Bidding Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premise
- Cloud-based
- By Application:
- Construction Company
- General Contractors
- Construction Managers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Construction Bidding Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Construction bidding software is a computer program that helps contractors bid on construction projects. It can help with estimating, scheduling, and tracking of bids.
Some of the major companies in the construction bidding software market are iSqFt Holdings, Chetu, Sage Software, Pantera Global Technology, Tenderfield, Construction Software Technologies, Bid Planroom.
The construction bidding software market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Construction Bidding Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Construction Bidding Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Construction Bidding Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Construction Bidding Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Construction Bidding Software Market Size & Forecast, 2020-2028
4.5.1 Construction Bidding Software Market Size and Y-o-Y Growth
4.5.2 Construction Bidding Software Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 On-premise
5.2.2 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction Company
6.2.2 General Contractors
6.2.3 Construction Managers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Construction Bidding Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Construction Bidding Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 On-premise
9.6.2 Cloud-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction Company
9.10.2 General Contractors
9.10.3 Construction Managers
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 On-premise
10.6.2 Cloud-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction Company
10.10.2 General Contractors
10.10.3 Construction Managers
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 On-premise
11.6.2 Cloud-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction Company
11.10.2 General Contractors
11.10.3 Construction Managers
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 On-premise
12.6.2 Cloud-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction Company
12.10.2 General Contractors
12.10.3 Construction Managers
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 On-premise
13.6.2 Cloud-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction Company
13.10.2 General Contractors
13.10.3 Construction Managers
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Construction Bidding Software Market: Competitive Dashboard
14.2 Global Construction Bidding Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 iSqFt Holdings
14.3.2 Chetu
14.3.3 Sage Software
14.3.4 Pantera Global Technology
14.3.5 Tenderfield
14.3.6 Construction Software Technologies
14.3.7 Bid Planroom
