Procore Among Apps Top 500

6309 Carpinteria Avenue

Carpinteria, CA, 93013, United States

1 866-477-6267

https://www.procore.com/

298

Procore Strengths, Domain Expertise, and Key Differentiators

Procore Technologies provides cloud-based construction software to clients across the globe. Using its suite of project management tools, hundreds of thousands of registered Procore users manage all types of construction projects including industrial plants, office buildings, apartment complexes, university facilities, retail centres, and more. Procore helps firms drastically increase project efficiency and accountability by streamlining and mobilizing project communications and documentation.

Procore Recent Developments

In October 2021, Procore published platform enhancements that will deliver added flexibility and deeper insights for project teams. These innovations bring cross-platform insights with a new reports builder, and a new global workflow engine, which will improve the efficiency of estimating and bidding processes.

Procore acquired Esticom in 2020. Estimating project costs is a critical workflow, and Esticom’s functionality is now fully integrated into the Procore platform as Procore Estimating. This provides tools for digital takeoff, estimating, building bid proposals - and is connected with workflows to the project budget, change management, and purchase order process.

Further highlighting Procore’s investment in artificial intelligence and machine learning is automated area takeoff, coming in 2022. Estimators will be able to automatically extract quantification data from plans to increase the speed and accuracy of estimates. Enhancements to Procore’s integrated bidding solution, available in the first quarter of 2022, will improve the flexibility and efficiency of the bidding process for customers. Custom Bid Forms allow customers to capture the exact data points needed in each bid, and Bid Leveling allows customers to quickly and easily compare bids across an entire project, scope of work, or specific line item.

The new Global Workflow Engine will allow customers to build custom approval workflows across the platform with predefined conditions, coupled with notifications and permissions. In the fourth quarter of 2021, this new functionality will be in beta as part of Procore Project Financials, allowing customers to streamline the invoice and payments process by building approval workflows with conditional dollar thresholds.

Procore is providing customers with key insights to build smarter with the enhanced report builder, available in beta in the fourth quarter of 2021. The new report builder will provide valuable insights with cross-platform reporting and interactive dashboards. Users will be able to compare data from both active and inactive projects to benchmark performance, drill down into specific details, and keep the entire project team informed with scheduled report distribution.

In October 2019, Procore Technologies welcomed over 4,000 construction professionals to Groundbreak, the company's annual conference that brings together everyone in construction for three days of networking, learning, and innovation.

Last year's event highlighted Procore's mission to connect everyone in construction on a global platform, with the introduction of product and platform advancements including Procore for Owners, Procore Analytics, and Embedded Experience, alongside the launch of Procore Community.

Procore Mergers and Acquisitions (M&A) Activities

In November 2021, Procore Technologies completed its acquisition of Levelset, strengthening its position as a leading provider of construction management software. 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. It also presents future growth opportunities for Procore, including capitalizing on the companies’ complementary data assets.

In October 2021, Procore Technologies acquired LaborChart, a leading provider of workforce management software for speciality contractors and self-performing general contractors. LaborChart deepens the office and field connection by empowering contractors to better schedule, manage, forecast, and communicate with their workforces, ultimately improving profit margins.

In May 2021, Procore Technologies acquired INDUS.AI, makers of an artificial intelligence-powered analytics platform for the construction industry. This acquisition adds computer vision capabilities to the Procore platform, helping owners, general contractors, and speciality contractors realize greater efficiencies, safety, and profitability. Terms of the transaction are not being disclosed.

Procore Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Procore applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Procore and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Procore Project Management Software customers.

Procore Overview

Ownership: - NYSE:PCOR

Number of Employees: 2000

Functional Markets: Analytics and BI, ERP Financial, ERP Services and Operations, PPM,

Key Verticals: Construction and Real Estate, Healthcare, Manufacturing,

Procore Key Enterprise and Cloud Applications

Procore Project Management Software

Procore Revenues, $M:

Type/Year 2019 2020 YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Procore Revenue Breakdown By Type, $M:

Type License Prof. Services Hardware Support & Maintenance SaaS PaaS IaaS Other (Non Enterprise Application Revenues) Total
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Procore Revenues By Region, $M

Region % of Total Revenues 2020 Total Revenues, $M 2020 Enterprise Applications Revenues, $M 2020 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Procore Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Procore Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Procore Customers


No. of Procore Customers: 8000+

No. of Procore Enterprise Applications Customers: 8000

No. of Procore Cloud Customers: x

No. of Procore Cloud Subscribers: 1300000


In September 2021, Adera Development Corporation, a pioneer in sustainable mass timber construction, chose Procore as its construction management platform. Founded in 1969, Vancouver-based Adera has built a reputation in wood-frame residential construction. SmartWood™, its proprietary Cross-Laminated Timber (CLT) material, further builds on innovations in energy, safety and sound efficiency. Adera used SmartWood™ on recent projects including Crest, a 179-unit residential project in North Vancouver.

In June 2021, ELEVATE Build has chosen Procore as its construction management platform. ELEVATE was founded in 2019 and specializes in creating high-end commercial spaces, including Alchemy, a Toronto retailer recently featured in Interior Design Magazine. The company delivers projects across Canada and the U.S.

After trialling other solutions, ELEVATE chose the Procore platform for its complete feature set, flexibility and fast onboarding. Paul Bélanger, ELEVATE’s principal and project director, estimates that Procore will save the company about $45,000 (CAD) each year by streamlining administrative work. With Procore, ELEVATE is able to provide clients with frequent updates about project finances, confident that no details have been missed.

Procore has 8K+ customers including ABLe Communications, Inc., Asturian Group, Inc, BBE, BBL Construction Services, The Beck Group, Boston Children's Hospital, Brookfield Properties, AMP Electric, Consigli, FSG, Dominion Mechanical, KBD Group, and many others.

Procore Market Opportunities, M&A and Geo Expansions

In September 2021, Associated Builders and Contractors and Procore Technologies, Inc. made a partnership that provides ABC chapters and members exclusive discounted pricing on their new purchases of Procore products and services. Procore has been involved with ABC in a number of strategic initiatives since 2016 and is a member of the ABC Tech Alliance and ABC Tech Marketplace.

In a move to provide field teams with a project management application that makes it effortless to access and share the information needed to run an efficient, productive Jobsite, Procore partnered with Apple to completely redesign the Procore iOS app for iPhone and iPad. They've also introduced Procore Labor Tracking, the latest product offering, designed to equip contractors with the tools they need to manage productivity and utilization of labour on the construction site.

Procore Risks and Challenges

The company has a potential risk for human resistance when new technologies are introduced to users.

Procore Ecosystem, Partners, Resellers and SI

Procore has referral partners, partners with mutual ownership of a solution, or partners who build one together. Among them are: Xero, Sage, Box, Oracle, Okta, Cosential, Egnyte, Docusign, Smartvid, Smartsheet, and many others.

Procore had more net new users in emerging markets such as Australia and New Zealand, expanding further across Canada, and recently in the UK with their newest office located in London.

Procore Cloud Infrastructure Insights

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  • Procore Public Cloud and Infrastructure (IaaS)
  • Procore Platform (PaaS)
  • Procore Application Delivery
  • Procore Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


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