The detailed report published by Market Research Future (MRFR) projects that the global construction software market is marked to exhibit notable expansion at a CAGR of 8.8% during the forecast period of 2017-2023 and reach the market valuation of USD 2715.6 Mn by the end of 2023. Rapid infrastructural development, especially in the urban areas of various regions, has induced high demand for optimization of all the processes in the construction industry. Construction software aids in increasing the productivity and work efficiency by reducing the time required to carry out various processes like cost estimation, construction design, and management of raw materials and others. Increased adoption of cloud-based solutions due to their multiple benefits over traditional methods in building and construction industry and high demand for advanced technology to optimize the construction process are majorly propelling the growth of the global construction software market. However, low penetration of advanced technology in the underdeveloped countries and lack of skilled professionals to operate the software are restraining the growth of the global construction software market during the assessment period.
