Albany, NY -- (SBWIRE) -- 01/20/2017 -- Construction management software is used to plan, collaborate, and manage construction projects. The software helps contractors to estimate the budget and define the scope of the project and the desired outcome before project commencement. It provides an overview of the required labor and helps develop effective communication during times of conflict.

The global construction management software market to grow at a CAGR of 14.96% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global construction management software market for 2016-2020. The report considers the revenue generated from the sales of construction management software and services. The revenue from services is earned from the fee charged for consulting in design methodology, and support and deployment. The revenue from maintenance is earned from the periodic fee associated with software updates.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Construction Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Newforma
- Viewpoint
- Procore
- ComputerEase
- BuilderTREND

Other prominent vendors
- ExactLogix
- Aconex
- BuilderStorm
- BuildStar
- ClickHome
- ExpoNet
- In4velocity
- Knowify
- PASconcept
- PayPanther
- Relatics
- RENOMii
- Sharenology Projects
- Snagmaster
- SpecifiedBy
- Spitfire
- RedSky IT
- Synchro PRO
- TaskPartner
- TransBit Technologies Software

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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