Europe Construction Accounting Software Market Share and Forecast by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

Europe Construction Accounting Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Solutions and Services), Deployment Type (Cloud and On-premises), and Application (SMEs and Large Enterprises)

Report Date : Oct 2020
Report Code : TIPRE00015463

Category : Technology, Media and Telecommunications
Status : Published

Available Report Formats :
No. of Pages : 115

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The construction accounting software market in Europe is expected to grow from US$ 196.00 million in 2019 to US$ 269.70 million by 2027; it is estimated to grow at a CAGR of 4.6% from 2020 to 2027.

UK, Germany, France, Italy and Russia are major economies in Europe. Growing adoption of ERP modules in construction industry has witnessed growth in recent years which is driving the Europe construction accounting software market in a positive way. Engineering and construction companies are now adopting building information management (BIM) as a common trend in some businesses, mostly in the UK, to promote the Government Construction Strategy. In the European Union (EU), where acquisition laws for projects may be updated, there has been a drive toward stabilizing least levels of BIM requisite to avail tender in government-funded projects. This compulsion to propose to a greater level of the agreement will only escalate BIM adoption in the coming years. For organizations in the engineering and construction market, acknowledging ERP or enterprise asset management (EAM) and project management alternatives, these trends upgrade a unified approach's significance. For corporations in the engineering and construction market, considering ERP or enterprise asset management (EAM) and project management options, these trends elevate an integrated strategy's importance. Construction accounting software can efficiently integrate with ERP modules. As numerous large construction businesses accept ERP modules for a more conventional flow of their trade, the demand for construction accounting software is also set to rise, which is further anticipated to drive the construction accounting software market in Europe.

Further, the ongoing COVID-19 is impacting the Europe region very badly. Spain, Italy, Germany, UK, and France are some of the worst affected member states in the European region due to the COVID-19 outbreak. As per the latest WHO estimates, the overall confirmed cases in Europe accounted for more than 4.10 million, with 218,035 deaths till 28th August 2020. Businesses in the region are facing severe economic difficulties as they had either to suspend their operations or reduce their activities in a substantial manner. It is a fact that European construction markets have had a lot of challenges leading up to the COVID -19 crisis with stagnation trends in several countries. Not surprisingly, the ongoing crisis is expected to have a huge negative impact on the markets in all the European countries this year. Pertaining to this fact, even the IT companies offering various construction related solutions have observed decline in their sales. However, as the regional experts of Europe foresee, positive growth rates will be seen already next year and a normalization in 2022. This in turn, is anticipated to have a positive impact on the construction accounting software market in the coming years.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe construction accounting software market. The Europe construction accounting software market is expected to grow at a good CAGR during the forecast period.

Europe Construction Accounting Software Market

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Europe Construction Accounting Software Market Segmentation

Europe Construction Accounting Software Market – By Component

Solutions
Services

Europe Construction Accounting Software Market – By Deployment Type

Cloud
On-Premises

Europe Construction Accounting Software Market – By Application

SMEs
Large Enterprises

Europe Construction Accounting Software Market, by Country

France
Germany
Italy
Russia
UK
Rest of Europe

Europe Construction Accounting Software Market - Companies Mentioned

Chetu Inc.
FreshBooks
Intuit Inc.
Sage Group plc
Viewpoint, Inc.
Xero Limited

Europe Construction Accounting Software Report Scope

Report Attribute	Details
Market size in 2019	US$ 196.00 Million
Market Size by 2027	US$ 269.70 Million
Global CAGR (2020 - 2027)	4.6%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Component Solutions and Services By Deployment Type Cloud and On-premises By Application SMEs and Large Enterprises
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	Chetu Inc. FreshBooks Intuit Inc. Sage Group plc Viewpoint, Inc. Xero Limited

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Europe Construction Accounting Software Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Europe Construction Accounting Software Market Report Snapshots

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