The construction accounting software market is expected to grow from US$ 943.91 million in 2022 to US$ 1,217.42 million by 2028; it is expected to grow at a CAGR of 6.3% from 2022 to 2028.
Accounting software is very vital for operating all construction companies successfully. Companies of all sizes continuously deal with numerous subcontractors, contractors, and temporary construction teams, which further complicates procurement, payroll, and other accounting functions. Hence, reliable software is required to guarantee everything, from purchase orders to inventory, and ensure that equipment is tracked, utilized, and replenished accordingly. Construction accounting software offers users several financial management tools such as payroll, general ledger, job costing, audit reporting, and accounts payable and receivable (AP/AR) for small and large construction activities. Certain construction accounting software solutions are developed and focused on specific financial information, while others offer accounting insights into the organization. Through deploying construction accounting software, builders and contractors can enhance project performance by offering all the relevant information to the project managers and minimizing the risk of manual financial calculation error that harms the company.
Construction is one of the important industries growing at an exponential rate globally. Government bodies of countries such as the US, China, and India are investing heavily in developing commercial infrastructures, including airports, hotels, hospitals, universities, and office buildings. With a growing number of infrastructural projects, construction companies emphasize on advanced technologies by using construction accounting software. The booming construction industry and the rising penetration of ERP modules in the construction industry are among the key driving factors for the global construction accounting software market. However, the availability of free construction accounting software for some applications may hinder the construction accounting software market growth. Despite some limitations, the largely untapped market amongst small construction firms is anticipated to drive the construction accounting software market.
The COVID-19 outbreak negatively affected business activities and company revenues worldwide in the construction accounting software industry. Lockdowns imposed by the governments, construction project halts, and supply chain disruptions in the construction industry in various countries negatively impacted the global construction accounting software market growth, especially in 2020.
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Construction Accounting Software Market: Strategic Insights
Market Size Value in US$ 943.91 Million in 2022 Market Size Value by US$ 1,217.42 Million by 2028 Growth rate CAGR of 6.3% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Construction Accounting Software Market: Strategic Insights
| Market Size Value in | US$ 943.91 Million in 2022 |
| Market Size Value by | US$ 1,217.42 Million by 2028 |
| Growth rate | CAGR of 6.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Europe Construction Accounting Software Market
The COVID-19 pandemic severely impacted European countries such as Italy, Spain, France, and Germany, with Italy being the most affected. The impact of COVID-19 on the Europe construction industry was severe. Governments across the region-imposed lockdowns to curb the spread of the virus, which resulted in the shutdown of construction projects. This led to a drastic decline in activities across the construction industry, severely affecting the region's construction accounting software market. According to the UK’s Office for Budget Responsibility (OBR), the construction industry saw a 70% reduction in output for Q2 in 2020, causing significant cash flow issues. The status of construction projects worsened during the pandemic. More projects suffered from cost and time overruns, material supply chains were disturbed, unemployment increased, the availability of workers decreased, and health and safety became a bigger concern. All these factors negatively affected the construction accounting software market in Europe. However, in 2021, with the relaxation of lockdown measures, operations resumed in the construction business. Hence, the market for construction accounting software gained momentum. For instance, according to Eurostat, after an unprecedented decline in March and April 2020 (-25.9%), European construction output increased by 20.4% in May 2020. Further, in January 2022, the production level was 1.9% higher than in February 2020. Europe is increasingly involved in initiating various major construction projects, which has increased the adoption of construction accounting software in recent years in Europe.
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Market Insights – Construction Accounting Software Market
Growing Construction Industry to Boost Demand for Construction Accounting Software
In the first quarter of 2020, the COVID-19 pandemic inevitably disrupted the activities in the construction industry. However, the construction industry witnessed growth in its activities in the third quarter of 2020. Still, projects in the construction sector for the last quarter depended on the extent to which the pandemic impacted sub-contractors and suppliers in the supply chain. The number of single-family homes and privately‐owned housing under construction increased significantly in the US in the past ten years. According to the new residential construction statistics by the US Census Bureau and the US Department of Housing and Urban Development, privately‐owned housing completions increased by 5.9% from 1,236,000 in January 2022 to 1,309,000 in February 2022. In addition, single‐family housing completions reached 1,034,000 in February 2022 from 922,000 in January 2022, an increase of 12.1%.
The US is witnessing many ongoing mega-construction projects in 2022, reflecting a robust construction industry in the country. A few such construction projects are Samsung semiconductor fabrication facility in Texas (US$ 17 billion), Amazon HQ2 office space in Virginia (US$ 2.5 billion), and the US/Mexico border wall (more than US$ 1 billion). The continuous rise in the number of construction projects in the US generates significant demand for software-based accounting services. Therefore, the growing construction industry drives the construction accounting software market.
Offering-Based Market Insights
Based on offering, the construction accounting software market is bifurcated into solution and services. The solution segment accounted for a larger share of the construction accounting software market in 2021. The software developers provide their customers with web-based construction accounting software, mobile-based construction accounting software, and automatic construction accounting software, among others. These types of construction accounting software are increasingly gaining popularity among end users, and owing to this, the demand for the same is increasing. The solutions mentioned above are integrated with robust software, allowing the entire system to function substantially and shortening the accounting.
Players operating in the construction accounting software market are mainly focused on developing advanced and efficient products.
- In 2020, Viewpoint a Trimble Company and construction management software leader—and the Construction Financial Management Association (CFMA) announced a joint endeavor to provide in-depth visibility into important financial, project, and industry benchmarks to help contractors more reliably deliver projects on time and within budget.
- In 2020, FreshBooks, an accounting software company, announced that its software will now be available on the North American Ingram Micro Cloud Marketplace.
The key players profiled in the construction accounting software market include Acclivity Group LLC; Chetu Inc.; Corecon Technologies Inc.; Deltek Inc.; Foundation Software, LLC; Freshbook; Intuit Inc.; Sage Group; Viewpoint Inc.; and Xero Limited.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offering, Deployment, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America held the largest market share in 2021, allowing significant growth opportunities for the players planning to capitalize for the long haul. The rising penetration of ERP modules in the construction industry and the booming construction industry are anticipated to propel the demand for construction accounting software over the forecast period.
Enhancing data security to prevent data loss is one of the major trend in the construction accounting software market.
Deltek Inc.; Sage Group; Xero Limited; Viewpoint Inc.; and Intuit Inc are the top five key market players operating in the global construction accounting software market.
Continuous rise in the number of construction projects worldwide generates significant demand for software-based accounting services., which is enduring the demand for construction accounting software.
Increasing awareness of implementing technologies in construction industry is expected to offer lucrative business opportunities for market players in the coming years.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Construction Accounting Software Market – By Offering
1.3.2 Global Construction Accounting Software Market – By Deployment
1.3.3 Global Construction Accounting Software Market – By Application
1.3.4 Global Construction Accounting Software Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Construction Accounting Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Construction Accounting Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Construction Industry
5.1.2 Rising Penetration of ERP Modules in Construction Industry
5.2 Market Restraints
5.2.1 High Reliance on Traditional Accounting Tools
5.3 Market Opportunities
5.3.1 Increasing Awareness of Implementing Technologies in Construction Industry
5.4 Future Trends
5.4.1 Enhancing Data Security to Prevent Data Loss
5.5 Impact Analysis of Drivers and Restraints
6. Construction Accounting Software Market – Global Market Analysis
6.1 Global Construction Accounting Software Market Overview
6.2 Global Construction Accounting Software Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Construction Accounting Software Market Analysis – By Offering
7.1 Overview
7.2 Construction Accounting Software, by Offering (2021 and 2028)
7.3 Solution
7.3.1 Overview
7.3.2 Solution: Construction Accounting Software Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Construction Accounting Software Market– Revenue and Forecast to 2028 (US$ Million)
8. Construction Accounting Software Market Analysis – By Deployment
8.1 Overview
8.2 Construction Accounting Software, by Deployment (2021 and 2028)
8.3 Cloud
8.3.1 Overview
8.3.2 Cloud: Construction Accounting Software Market– Revenue and Forecast to 2028 (US$ Million)
8.4 On-Premise
8.4.1 Overview
8.4.2 On Premise: Construction Accounting Software Market– Revenue and Forecast to 2028 (US$ Million)
9. Construction Accounting Software Market – By Application
9.1 Overview
9.2 Construction Accounting Software, by Application (2021 and 2028)
9.3 Small and Mid-sized Construction Companies
9.3.1 Overview
9.3.2 Small and Mid-Sized Construction Companies: Construction Accounting Software Market– Revenue and Forecast to 2028 (US$ Million)
9.4 Large Construction Companies
9.4.1 Overview
9.4.2 Large Construction Companies: Construction Accounting Software Market– Revenue and Forecast to 2028 (US$ Million)
10. Construction Accounting Software Market – Geographic Analysis
10.1 Overview
10.2 North America: Construction Accounting Software Market
10.2.1 North America: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Construction Accounting Software Market- by Offering
10.2.3 North America: Construction Accounting Software Market- by Deployment
10.2.4 North America: Construction Accounting Software Market- By Application
10.2.5 North America: Construction Accounting Software Market- by Country
10.2.5.1 US: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Construction Accounting Software Market- by Offering
10.2.5.1.2 US: Construction Accounting Software Market- by Deployment
10.2.5.1.3 US: Construction Accounting Software Market- By Application
10.2.5.2 Canada: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Construction Accounting Software Market- by Offering
10.2.5.2.2 Canada: Construction Accounting Software Market- by Deployment
10.2.5.2.3 Canada: Construction Accounting Software Market- By Application
10.2.5.3 Mexico: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Construction Accounting Software Market- by Offering
10.2.5.3.2 Mexico: Construction Accounting Software Market- by Deployment
10.2.5.3.3 Mexico: Construction Accounting Software Market- By Application
10.3 Europe: Construction Accounting Software Market
10.3.1 Europe: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Construction Accounting Software Market- by Offering
10.3.3 Europe: Construction Accounting Software Market- by Deployment
10.3.4 Europe: Construction Accounting Software Market- By Application
10.3.5 Europe: Construction Accounting Software Market- by Country
10.3.5.1 Germany: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Construction Accounting Software Market- by Offering
10.3.5.1.2 Germany: Construction Accounting Software Market- by Deployment
10.3.5.1.3 Germany: Construction Accounting Software Market- By Application
10.3.5.2 France: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Construction Accounting Software Market- by Offering
10.3.5.2.2 France: Construction Accounting Software Market- by Deployment
10.3.5.2.3 France: Construction Accounting Software Market- By Application
10.3.5.3 Italy: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Construction Accounting Software Market- by Offering
10.3.5.3.2 Italy: Construction Accounting Software Market- by Deployment
10.3.5.3.3 Italy: Construction Accounting Software Market- By Application
10.3.5.4 UK: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Construction Accounting Software Market- by Offering
10.3.5.4.2 UK: Construction Accounting Software Market- by Deployment
10.3.5.4.3 UK: Construction Accounting Software Market- By Application
10.3.5.5 Russia: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Construction Accounting Software Market- by Offering
10.3.5.5.2 Russia: Construction Accounting Software Market- by Deployment
10.3.5.5.3 Russia: Construction Accounting Software Market- By Application
10.3.5.6 Rest of Europe: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Construction Accounting Software Market- by Offering
10.3.5.6.2 Rest of Europe: Construction Accounting Software Market- by Deployment
10.3.5.6.3 Rest of Europe: Construction Accounting Software Market- By Application
10.4 Asia Pacific (APAC): Construction Accounting Software Market
10.4.1 APAC: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: Construction Accounting Software Market- by Offering
10.4.3 APAC: Construction Accounting Software Market- by Deployment
10.4.4 APAC: Construction Accounting Software Market- By Application
10.4.5 APAC: Construction Accounting Software Market- by Country
10.4.5.1 Australia: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Construction Accounting Software Market- by Offering
10.4.5.1.2 Australia: Construction Accounting Software Market- by Deployment
10.4.5.1.3 Australia: Construction Accounting Software Market- By Application
10.4.5.2 China: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Construction Accounting Software Market- by Offering
10.4.5.2.2 China: Construction Accounting Software Market- by Deployment
10.4.5.2.3 China: Construction Accounting Software Market- By Application
10.4.5.3 India: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Construction Accounting Software Market- by Offering
10.4.5.3.2 India: Construction Accounting Software Market- by Deployment
10.4.5.3.3 India: Construction Accounting Software Market- By Application
10.4.5.4 Japan: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Construction Accounting Software Market- by Offering
10.4.5.4.2 Japan: Construction Accounting Software Market- by Deployment
10.4.5.4.3 Japan: Construction Accounting Software Market- By Application
10.4.5.5 South Korea: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Construction Accounting Software Market- by Offering
10.4.5.5.2 South Korea: Construction Accounting Software Market- by Deployment
10.4.5.5.3 South Korea: Construction Accounting Software Market- By Application
10.4.5.6 Rest of APAC: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Construction Accounting Software Market- by Offering
10.4.5.6.2 Rest of APAC: Construction Accounting Software Market- by Deployment
10.4.5.6.3 Rest of APAC: Construction Accounting Software Market- By Application
10.5 Middle East & Africa (MEA): Construction Accounting Software Market
10.5.1 MEA: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Construction Accounting Software Market- by Offering
10.5.3 MEA: Construction Accounting Software Market- by Deployment
10.5.4 MEA: Construction Accounting Software Market- By Application
10.5.5 MEA: Construction Accounting Software Market- by Country
10.5.5.1 South Africa: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Construction Accounting Software Market- by Offering
10.5.5.1.2 South Africa: Construction Accounting Software Market- by Deployment
10.5.5.1.3 South Africa: Construction Accounting Software Market- By Application
10.5.5.2 Saudi Arabia: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Construction Accounting Software Market- by Offering
10.5.5.2.2 Saudi Arabia: Construction Accounting Software Market- by Deployment
10.5.5.2.3 Saudi Arabia: Construction Accounting Software Market- By Application
10.5.5.3 UAE: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Construction Accounting Software Market- by Offering
10.5.5.3.2 UAE: Construction Accounting Software Market- by Deployment
10.5.5.3.3 UAE: Construction Accounting Software Market- By Application
10.5.5.4 Rest of MEA: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Construction Accounting Software Market- by Offering
10.5.5.4.2 Rest of MEA: Construction Accounting Software Market- by Deployment
10.5.5.4.3 Rest of MEA: Construction Accounting Software Market- By Application
10.6 South America (SAM): Construction Accounting Software Market
10.6.1 SAM: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Construction Accounting Software Market- by Offering
10.6.3 SAM: Construction Accounting Software Market- by Deployment
10.6.4 SAM: Construction Accounting Software Market- By Application
10.6.5 SAM: Construction Accounting Software Market- by Country
10.6.5.1 Brazil: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Construction Accounting Software Market- by Offering
10.6.5.1.2 Brazil: Construction Accounting Software Market- by Deployment
10.6.5.1.3 Brazil: Construction Accounting Software Market- By Application
10.6.5.2 Argentina: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Construction Accounting Software Market- by Offering
10.6.5.2.2 Argentina: Construction Accounting Software Market- by Deployment
10.6.5.2.3 Argentina: Construction Accounting Software Market- By Application
10.6.5.3 Rest of SAM: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Construction Accounting Software Market- by Offering
10.6.5.3.2 Rest of SAM: Construction Accounting Software Market- by Deployment
10.6.5.3.3 Rest of SAM: Construction Accounting Software Market- By Application
11. Construction Accounting Software Market - COVID-19 Impact Analysis
11.1 Overview
11.2 North America
11.3 Europe
11.4 Asia Pacific (APAC)
11.5 Middle East and Africa (MEA)
11.6 South America (SAM)
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Acclivity Group LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Chetu Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Corecon Technologies Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Deltek Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Foundation Software LLC
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 FreshBooks USA Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Intuit Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Sage Group Plc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Viewpoint Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Xero Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Global Construction Accounting Software Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. North America: Construction Accounting Software Market- by Offering – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Construction Accounting Software Market- by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Construction Accounting Software Market- By Application– Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe: Construction Accounting Software Market- by Offering – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Construction Accounting Software Market- by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Construction Accounting Software Market- By Application– Revenue and Forecast to 2028 (US$ Million)
Table 17. Germany: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 18. Germany: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 20. France: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 US$ Million)
Table 21. France: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 US$ Million)
Table 22. France: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 24. Italy: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 26. UK: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 27. UK: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 35. APAC: Construction Accounting Software Market- by Offering – Revenue and Forecast to 2028 (US$ Million)
Table 36. APAC: Construction Accounting Software Market- by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC: Construction Accounting Software Market- By Application– Revenue and Forecast to 2028 (US$ Million)
Table 38. Australia: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 39. Australia: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 40. Australia: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 41. China: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 42. China: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 43. China: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 44. India: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 45. India: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 46. India: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 47. Japan: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 48. Japan: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 49. Japan: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 51. South Korea: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of APAC: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of APAC: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of APAC: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 56. MEA: Construction Accounting Software Market- by Offering– Revenue and Forecast to 2028 (US$ Million)
Table 57. MEA: Construction Accounting Software Market- by Deployment– Revenue and Forecast to 2028 (US$ Million)
Table 58. MEA: Construction Accounting Software Market- By Application– Revenue and Forecast to 2028 (US$ Million)
Table 59. South Africa: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 60. South Africa: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 61. South Africa: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 64. Saudi Arabia: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 65. UAE: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of MEA: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of MEA: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of MEA: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 71. SAM: Construction Accounting Software Market- by Offering – Revenue and Forecast to 2028 (US$ Million)
Table 72. SAM: Construction Accounting Software Market- by Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 73. SAM: Construction Accounting Software Market- By Application– Revenue and Forecast to 2028 (US$ Million)
Table 74. Brazil: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 77. Argentina: Construction Accounting Software Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina: Construction Accounting Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 79. Argentina: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of SAM: Construction Accounting Software Market- by Offering–Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of SAM: Construction Accounting Software Market- by Deployment–Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of SAM: Construction Accounting Software Market- By Application–Revenue and Forecast to 2028 (US$ Million)
Table 83. Glossary of Terms, Construction Accounting Software Market
LIST OF FIGURES
Figure 1. Construction Accounting Software Market Segmentation
Figure 2. Construction Accounting Software Market Segmentation - Geography
Figure 3. Construction Accounting Software Market Overview
Figure 4. Construction Accounting Software Market, By Offering
Figure 5. Construction Accounting Software Market, By Deployment
Figure 6. Construction Accounting Software Market, By Application
Figure 7. Construction Accounting Software Market, By Geography
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Construction Accounting Software Market Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Construction Accounting Software Market Impact Analysis of Drivers and Restraints
Figure 16. Global Construction Accounting Software Market
Figure 17. Global Construction Accounting Software Market, Forecast and Analysis (US$ Mn)
Figure 18. Market Positioning- Top Five Players
Figure 19. Construction Accounting Software Market Revenue Share, by Offering (2021 and 2028)
Figure 20. Solution: Construction Accounting Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 21. Services: Construction Accounting Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 22. Construction Accounting Software Market Revenue Share, by Deployment (2021 and 2028)
Figure 23. Cloud: Construction Accounting Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 24. On Premise: Construction Accounting Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 25. Construction Accounting Software Market Revenue Share, by Application (2021 and 2028)
Figure 26. Small and Mid-sized Construction Companies: Construction Accounting Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 27. Large Construction Companies: Construction Accounting Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 28. Construction Accounting Software Market Revenue Share, By Region (2021 and 2028)
Figure 29. North America: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America: Construction Accounting Software Market Revenue Share, by Offering (2021 and 2028)
Figure 31. North America: Construction Accounting Software Market Revenue Share, by Deployment (2021 and 2028)
Figure 32. North America: Construction Accounting Software Market Revenue Share, By Application (2021 and 2028)
Figure 33. North America: Construction Accounting Software Market Revenue Share, by Country (2021 and 2028)
Figure 34. US: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Canada: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Mexico: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Europe: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Europe: Construction Accounting Software Market Revenue Share, By Offering (2021 and 2028)
Figure 39. Europe: Construction Accounting Software Market Revenue Share, By Deployment (2021 and 2028)
Figure 40. Europe: Construction Accounting Software Market Revenue Share, By Application (2021 and 2028)
Figure 41. Europe: Construction Accounting Software Market Revenue Share, By Country (2021 and 2028)
Figure 42. Germany: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. France: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Italy: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. UK: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Russia: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Rest of Europe: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. APAC: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. APAC: Construction Accounting Software Market Revenue Share, By Offering (2021 and 2028)
Figure 50. APAC: Construction Accounting Software Market Revenue Share, By Deployment (2021 and 2028)
Figure 51. APAC: Construction Accounting Software Market Revenue Share, By Application (2021 and 2028)
Figure 52. APAC: Construction Accounting Software Market Revenue Share, By Country (2021 and 2028)
Figure 53. Australia: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. China: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. India: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Japan: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. South Korea: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Rest of APAC: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. MEA: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. MEA: Construction Accounting Software Market Revenue Share, By Offering (2021 and 2028)
Figure 61. MEA: Construction Accounting Software Market Revenue Share, By Deployment (2021 and 2028)
Figure 62. MEA: Construction Accounting Software Market Revenue Share, By Application (2021 and 2028)
Figure 63. MEA: Construction Accounting Software Market Revenue Share, By Country (2021 and 2028)
Figure 64. South Africa: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. Saudi Arabia: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. UAE: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Rest of MEA: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. SAM: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. SAM: Construction Accounting Software Market Revenue Share, By Offering (2021 and 2028)
Figure 70. SAM: Construction Accounting Software Market Revenue Share, By Deployment (2021 and 2028)
Figure 71. SAM: Construction Accounting Software Market Revenue Share, By Application (2021 and 2028)
Figure 72. SAM: Construction Accounting Software Market Revenue Share, By Country (2021 and 2028)
Figure 73. Brazil: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. Argentina: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. Rest of SAM: Construction Accounting Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. Impact of COVID-19 Pandemic in North American Country Markets
Figure 77. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 78. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 79. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 80. Impact of COVID-19 Pandemic in SAM Country Markets
The List of Companies - Construction Accounting Software Market
- Acclivity Group LLC
- Chetu Inc.
- Corecon Technologies Inc.
- Deltek Inc.
- Foundation Software, LLC
- Freshbook
- Intuit Inc.
- Sage Group
- Viewpoint Inc.
- Xero Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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