How big is the construction software market?
Amid the COVID-19 crisis, the global market for Construction Management Software estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$2.9 Billion by 2026, growing at a CAGR of 12.7\% over the analysis period.
How big is the construction industry in the US?
Construction is a major contributor to the U.S. economy. The industry has more than 733,000 employers with over 7 million employees and creates nearly $1.4 trillion worth of structures each year. Construction is one of the largest customers for manufacturing, mining and a variety of services.
What software does construction management Use?
GanttPRO, BIM 360, Acculynx, Jonas Premier, Procore, CoConstruct, Buildertrend, Knowify, ProContractor, PlanGrid, Projectmates, eSUB Subcontractor, WorkflowMax, SiteMax, BuildTools, Radar, Jonas Enterprise, CommittedCost are some of the Top Construction Project Management Software.
Where is construction booming in the US?
In 2021, it looks like the states that are seeing the majority growth are Texas, Florida, Georgia, Arizona, Washington, and Nevada. These are the states that are most likely to see residential developments, because they are the states that are going to require them. The fastest-growing cities are still in Texas.
What percentage of the US economy is construction?
U.S. construction spending as a percentage of GDP 2008-2017 The statistic represents the estimated value of construction spending in the United States between 2008 and 2017 as a percentage of U.S. GDP. In 2017, the construction spending to GDP ratio stood at around 6.36 percent.
What is project construction management?
Project management is the art of directing and coordinating human and material resources throughout the life of a project by using modern management techniques to achieve predetermined objectives of scope, cost, time, quality and participation satisfaction.
Who is the largest construction company in the United States?
Bechtel
1. Bechtel. Bechtel is the biggest construction company in the US, and has been since 2016. The company specializes in construction, engineering, and project management.