![]() All of the construction-specific capabilities, such as critical project accounting, job quoting, project management, labour and equipment resource management, subcontract management, job material planning, and customer relationships, are all integrated into one database in Dynamics 365, allowing users to easily manage their business roles and responsibilities. Contractors can monitor construction while also managing all of the resources required to accomplish the job. ![]() Microsoft Dynamics 365 for Construction is a single intelligent cloud solution that gives a comprehensive view of the construction company. Over 2 Million registered Procore users across the globe manage all types of construction projects. This acquisition will add lien rights management to the Procore platform, enabling Procore to manage complex compliance workflows and improve the payment process in construction. In November 2021, Procore acquired Levelset. Currently, Bentley Systems has more than 4,500 employees and generates annual revenues of more than $800mn across 172 countries. The firm’s acquisition was completed from private equity firm TA Associates for approximately $700mn in cash. In February 2022, Bentley Systems acquired Power Line Systems, a leader in software for the design of overhead electric power transmission lines and their structures. This data analytics application analyzes construction projects from scheduling to accounting to material availability using information from its Smart Construction Platform, which includes Oracle applications such as Aconex and Oracle Primavera Cloud. In July 2022, Oracle released Oracle Construction Intelligence Cloud Analytics. Here are the rankings of the top 10 Construction software vendors in 2021 and their market shares. A robust rental market will help drive apps that better manage properties for landlords and REITs. The latest is Oracle buying Textura for building information management. The consolidation wave among ISVs that specialize in construction will limit options for buyers. Source: Apps Run The World, September 2022 Top 10 Construction Software vendorsĬonstruction (Contracting and building of commercial, public, and residential structures, real estate management) – Bidding, cost estimates, Time Tracking, Homebuilder Software, Quantity Takeoff Software, Property Management, Financials, HR, Procurement Exhibit 2: Worldwide Construction Software Market 2021-2026 Forecast, $M Through our forecast period, the Construction applications market size is expected to reach $12.4 billion by 2026, compared with $10.3 billion in 2021 at a compound annual growth rate of 7.9%. ( Sample from our Apps Database) Exhibit 1 – 2021 Construction Applications Market Shares Split By Top 10 Construction Vendors and Others We ask the simple question: Who’s buying Construction applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. Oracle is the market leader with a 7.5% market share in license, maintenance and subscription revenue, followed by Bentley Systems, Procore, and Microsoft.
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