World Construction Today – The size of the US market for construction quality management software is anticipated to increase from USD154.6 million in 2022 to USD253.3 million by 2028, with a compound annual growth rate (CAGR) of 8.6% throughout that period.
Due to the booming construction industry in the US, demand for building quality control software has skyrocketed. Additionally, it is anticipated that in the upcoming years, demand for high-quality management software will increase due to the growing usage of real-time and cloud-based management systems. Among the industry leaders in the US construction quality management software market are Bentley Systems Inc., Autodesk Inc., ConstructConnect Inc., Buildertrend Solutions Inc., and Oracle Corporation.
During the forecast period, the market’s growth would be supported by a rise in government initiatives that support the creation of smart infrastructure and smart homes as well as the stringent regulatory compliance of quality management guidelines and specifications, including IATF 16949, AS9100 Rev.D, and ISO 9001. C-level executives from numerous companies are working to link quality control procedures with long-term business objectives. To increase output, the efficacy of processes, and customer happiness, they adhere to quality management standards like ISO and Six Sigma.
The appeal of construction quality management software in the US is also rising due to the availability of a significant number of market suppliers. The nation’s market for construction quality management software is fragmented. Overall, rivals today face fierce competition. The future market expansion is being boosted by the product development and innovation plans of significant businesses. Here are a few significant US events that have an impact on market expansion.
Over the past few decades, the productivity of the global construction industry has been falling. The application of lean management techniques in construction is one strategy for solving the problem. Applying a different kind of production planning to the building industry leads to lean construction. Lean construction’s core options include synchronous design, construction, and thus the deployment of project managerial control throughout the project’s life cycle, from design to delivery. These options are intended to increase efficiency for the client at the project level.
To be competitive, new business practises in the building quality management industry must be forced to be adopted, put into practise, and promoted. Price reduction can only be achieved by an all-encompassing strategy that addresses flaws in construction business procedures, not a collection of technologies or concepts.
Software for lean management assists in mapping the system’s value, creating coordinated stages, and optimising the overall process control. For instance, as per San Diego Source in the US, the San Diego Community College District has saved USD13.6 million on 15 projects by utilising lean construction principles.
Therefore, operation costs in the construction industry can be greatly decreased with the application of lean management processes and optimal resource use. With the assistance of design, planning, activation, quality, and maintenance, lean construction incorporates vital aspects to offer a set of objectives aimed at project efficiency through resource optimization. Real-time monitoring of this process’s deployment is challenging. As a result, lean management will be made simpler in the construction management process as a result of integrating technology, which will directly contribute to the growth of the construction quality management software market throughout the forecast period (2022–2028).
Based on components, the market is divided into software and services in the US construction quality management software market analysis. The software industry holds the largest market share as a result of the expanding usage of construction quality management software in the construction and real estate industries. Construction projects for homes, businesses, industries, and institutions all boost the performance of the software sector.
By structuring the operations of the construction project in a way that enables effective exploitation of the schedules generated by a work breakdown structure, a construction quality management system also facilitates project planning and scheduling in the construction sector. Defining performance standards, selecting project partners, and establishing a budget and timeline are some of the characteristics and functions of construction quality software management.
Additionally, BIM provides software for construction quality control that enables collaboration between design and construction. When organising, designing, and erecting a building or other structure using an intelligent model, the BIM process is essential. By linking all teams and data to the BIM process, the systems make it easier for designers, contractors, and other building team members to collaborate.