North America Cost-Estimating Software Market Forecast to 2031 - Regional Analysis - by Deployment (Cloud and On Premises) and Industry Vertical (Construction Industry, Oil and Gas Industry, Mining Industry, Energy Industry, and Others)

Description

List of Tables

The North America cost-estimating software market was valued at US$ 662.21 million in 2023 and is expected to reach US$ 1,438.28 million by 2031; it is estimated to register a CAGR of 10.2% from 2023 to 2031.

Rising Use of Cost-Estimating Software in Project Management Fuels North America Cost-Estimating Software Market

Efficiency and accuracy are critical in the ever-changing field of project management. Using cost estimate software improves these areas significantly and offers several advantages. It greatly improves accuracy by reducing errors through the use of sophisticated algorithms, guaranteeing more accurate budget estimates. Additionally, the software accelerates the estimating procedure. Tasks that used to take hours or days can be completed in minutes using the software. In addition to saving time, this effectiveness enables project managers to react to changes more quickly, avoiding delays.

Cost-estimating software provides exceptional consistency because it uses a standardized method of calculation, ensuring uniformity across all project estimates. This uniformity is required for accurate comparison and analysis of various projects or proposals. The software also improves decision-making. When managers have accurate and trustworthy data at their disposal, they can make better decisions about project viability and budget allocation. As a result, projects are planned and carried out more strategically, maximizing resources and decreasing waste. Software for cost estimation also encourages accountability and openness among the project team members. Accessible detailed cost breakdowns make it easier to keep track of expenses and defend budgetary choices, which will promote confidence among interested parties and facilitates the successful completion of projects. Hence, as cost-estimating software helps enhance accuracy and efficiency to promote accountability and strategic decision-making, its demand is increasing, boosting the growth of the cost-estimating software market globally.

North America Cost-Estimating Software Market Overview

The North America cost-estimating software market is growing significantly due to growing investments in the construction industry, the US has taken the lead in the North American market, with Canada and Mexico closely trailing in terms of market share. Moreover, various companies are offering cost-estimating software in North America. For instance, RSMeans Data Online is regarded as the top construction-estimating software in North America. It is a common option for companies needing collaborative access and comes in three levels tailored to meet construction estimation requirements. The company offers a full database of construction costs in North America, including details on materials, equipment, labor, and productivity.

North America Cost-Estimating Software Market Revenue and Forecast to 2031 (US$ Million)

North America Cost-Estimating Software Market Segmentation

The North America cost-estimating software market is categorized into deployment, industry vertical, and country.

Based on deployment, the North America cost-estimating software market is bifurcated into cloud and on premises. The cloud segment held a larger North America cost-estimating software market share in 2023.

In terms of industry vertical, the North America cost-estimating software market is segmented into construction industry, oil and gas industry, mining industry, energy industry, others. The construction industry segment held the largest North America cost-estimating software market share in 2023.

By country, the North America cost-estimating software market is segmented into the US, Canada, and Mexico. The US dominated the North America cost-estimating software market share in 2023.

Salesforce Inc, Oracle Corp, Sage Group Plc, Trimble Inc, Procore Technologies Inc, Autodesk Inc, RIB Software, Elecosoft, ConstructConnect, MTI Systems Inc, Siemens AG, SLB, Aspen Technology Inc, and S&P Global Inc. are some of the leading companies operating in North America cost-estimating software market.

Product Code: BMIRE00031336

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. North America Cost-Estimating Software Market Landscape

4.1 Overview
- 4.1.1 Software Providers:
- 4.1.2 System Integrators:
- 4.1.3 End-Users:
- 4.1.4 List of Vendors in the Value Chain

5. North America Cost-Estimating Software Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Use of Cost-Estimating Software in Project Management
- 5.1.2 Growing Adoption of Cloud Computing
5.2 Market Restraints
- 5.2.1 Lack of Skilled Professionals
5.3 Market Opportunities
- 5.3.1 Integration of Artificial Intelligence and Machine Learning
- 5.3.2 Expansion of Construction Industry
5.4 Market Trends
- 5.4.1 Integration of Augmented Reality and Virtual Reality for Cost Visualization
- 5.4.2 Rise in Demand for Blockchain Technology
5.5 Impact of Drivers and Restraints:

6. Cost-Estimating Software Market - North America Analysis

6.1 North America Cost-Estimating Software Market Revenue (US$ Million), 2021-2031
6.2 North America Cost-Estimating Software Market Forecast Analysis

7. North America Cost-Estimating Software Market Analysis - by Deployment

7.1 Cloud
- 7.1.1 Overview
- 7.1.2 Cloud: Cost-Estimating Software Market - Revenue and Forecast to 2031 (US$ Million)
7.2 On Premises
- 7.2.1 Overview
- 7.2.2 On Premises: Cost-Estimating Software Market - Revenue and Forecast to 2031 (US$ Million)

8. North America Cost-Estimating Software Market Analysis - by Industry Vertical

8.1 Construction Industry
- 8.1.1 Overview
- 8.1.2 Construction Industry: Cost-Estimating Software Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Oil and Gas Industry
- 8.2.1 Overview
- 8.2.2 Oil and Gas Industry: Cost-Estimating Software Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Mining Industry
- 8.3.1 Overview
- 8.3.2 Mining Industry: Cost-Estimating Software Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Energy Industry
- 8.4.1 Overview
- 8.4.2 Energy Industry: Cost-Estimating Software Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Cost-Estimating Software Market - Revenue and Forecast to 2031 (US$ Million)

9. North America Cost-Estimating Software Market - Country Analysis

9.1 Overview
- 9.1.1 North America Cost-Estimating Software Market Overview
- 9.1.2 North America: Cost-Estimating Software Market Breakdown, by Key Countries, 2023 and 2031 (%)
  - 9.1.2.1 North America: Cost-Estimating Software Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.2 United States: Cost-Estimating Software Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.2.1 United States: Cost-Estimating Software Market Breakdown, by Deployment
    - 9.1.2.2.2 United States: Cost-Estimating Software Market Breakdown, by Industry Vertical
  - 9.1.2.3 Canada: Cost-Estimating Software Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.3.1 Canada: Cost-Estimating Software Market Breakdown, by Deployment
    - 9.1.2.3.2 Canada: Cost-Estimating Software Market Breakdown, by Industry Vertical
  - 9.1.2.4 Mexico: Cost-Estimating Software Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.4.1 Mexico: Cost-Estimating Software Market Breakdown, by Deployment
    - 9.1.2.4.2 Mexico: Cost-Estimating Software Market Breakdown, by Industry Vertical

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Collaboration, Merger and Acquisition
11.4 Product News & Company News

12. Company Profiles

12.1 Salesforce Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Oracle Corp
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Sage Group Plc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Trimble Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Procore Technologies Inc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Autodesk Inc
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 RIB Software
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Elecosoft
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 ConstructConnect
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 MTI Systems, Inc.
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
12.11 Siemens AG
- 12.11.1 Key Facts
- 12.11.2 Business Description
- 12.11.3 Products and Services
- 12.11.4 Financial Overview
- 12.11.5 SWOT Analysis
- 12.11.6 Key Developments
12.12 SLB
- 12.12.1 Key Facts
- 12.12.2 Business Description
- 12.12.3 Products and Services
- 12.12.4 Financial Overview
- 12.12.5 SWOT Analysis
- 12.12.6 Key Developments
12.13 Aspen Technology Inc
- 12.13.1 Key Facts
- 12.13.2 Business Description
- 12.13.3 Products and Services
- 12.13.4 Financial Overview
- 12.13.5 SWOT Analysis
- 12.13.6 Key Developments
12.14 S&P Global Inc.
- 12.14.1 Key Facts
- 12.14.2 Business Description
- 12.14.3 Products and Services
- 12.14.4 Financial Overview
- 12.14.5 SWOT Analysis
- 12.14.6 Key Developments

13. Appendix

13.1 Word Index