In 2020, the top 10 Construction and Real Estate software vendors accounted for nearly 38.3% of the global Construction and Real Estate applications market (Construction and Real Estate) which grew 11.3% to approach nearly $15 billion in license, maintenance and subscription revenues.
RealPage was the market leader with a 7.7% market share in license, maintenance and subscription revenue, followed by Oracle, Microsoft, Yardi and Intuit.
We ask the simple question: Who’s buying Construction and Real Estate applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)
Through our forecast period, the Construction and Real Estate applications market size is expected to reach $16.6 billion by 2025, compared with $15 billion in 2020 at a compound annual growth rate of 2%.
| Exhibit 2: Worldwide Construction and Real Estate Software Market 2020-2025 Forecast, $M | |||
|---|---|---|---|
| Year | 2020 | 2025 | 2020-2025 CAGR, % |
| Total | 15024 | 16591 | 2% |
Source: Apps Run The World, December 2021
Top 10 Construction and Real Estate Software vendors
Construction and Real Estate (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
The consolidation wave among ISVs that specialize in construction will limit options for buyers. The latest is Oracle buying Textura for building information management. A robust rental market will help drive apps that better manage properties for landlords and REITs.
Here are the rankings of the top 10 Construction and Real Estate software vendors in 2020 and their market shares.
| Rank | Vendor | 2019 Construction and Real Estate Apps Revenues, $M | 2020 Construction and Real Estate Apps Revenues, $M | YoY Growth | 2020 Construction and Real Estate Market Share, % | Recent Developments |
|---|---|---|---|---|---|---|
| 1 | RealPage | Subscribe | Subscribe | 21.5% | Subscribe | Realpage is targeting 62 million rental units for its real-estate management apps and $1B in revenues by 2020. RealPage currently serves more than 29800 clients worldwide from offices in North America, Europe, and Asia. |
| 2 | Oracle | Subscribe | Subscribe | -12.6% | Subscribe | Oracle purchased Textura, a contract and payment management platform for $663 million and Aconex, a project management and team collaboration platform for $1.2 billion, combining them with its own project management software, called Primavera, to form the Oracle Construction and Engineering Global Business Unit. |
| 3 | Microsoft | Subscribe | Subscribe | 5.9% | Subscribe | Business Central enables real-time tracking of resources for improved communication within the construction unit. Simplified collaboration on change orders and billing can be done between project roles using tools like Office 365 Groups, OneDrive, or OneNote while managing data in Dynamics 365 BC. |
| 4 | Yardi | Subscribe | Subscribe | 6.7% | Subscribe | In June 2021, Yardi has acquired We Are Forge Ltd (Forge), a Bristol, UK-based software company that specializes in visitor management and smart access control for real estate assets including, office, retail, industrial, flexible workspace, and the education sector. Yardi has 20,000 customers, over 3000 of them are running Yardi SaaS applications. |
| 5 | Intuit Inc. | Subscribe | Subscribe | 11.5% | Subscribe | In August 2021, Knowify, a construction management software signed a sales and referral agreement with Intuit. Knowify and Intuit will work together to introduce construction contractors to the powerful pair of Knowify’s SaaS solution for running a construction business plus QuickBooks Online Advanced product for managing all aspects of the business’s accounting. |
| 6 | CoStar Group | Subscribe | Subscribe | 19.2% | Subscribe | In 2021, CoStar Group acquired Emporis GmbH, a Germany-based provider of international commercial real estate data and images. With over 700,000 building records and 600,000 images, Emporis brings valuable research content from over 100 countries in every major region around the world, which CoStar Group plans to integrate into its international platform. |
| 7 | SAP | Subscribe | Subscribe | 2.5% | Subscribe | SAP solutions connect resources and processes across the engineering, construction, and real estate operations value chain by integrating industry-specific solutions on-premise, in the cloud, and through mobile devices. More than 3,100 construction businesses worldwide use SAP solutions. |
| 8 | Constellation Software Inc. | Subscribe | Subscribe | 13.7% | Subscribe | In 2020, Constellation HomeBuilder Systems has acquired LandDev. The acquisition will allow Constellation HomeBuilder Systems to expand deeper into the construction process. Constellation HomeBuilder Systems has more than 1000 customers. |
| 9 | Trimble | Subscribe | Subscribe | -3.6% | Subscribe | In November 2021, Trimble announced that Trimble Earthworks Grade Control Platform software and Trimble Siteworks software are available globally as a subscription service. Contractors now have the ability to implement and scale Trimble’s machine control and construction surveying solutions more easily and with no large up-front costs. |
| 10 | Hexagon | Subscribe | Subscribe | -3.7% | Subscribe | In August 2020 Hexagon acquired TACTICAWARE a provider of LiDAR-based 3D surveillance software used to monitor and protect critical infrastructure and buildings – from powerplants and airports to commercial and residential buildings and more. |
| Subtotal | Subscribe | Subscribe | 82.5% | Subscribe | ||
| Other | Subscribe | Subscribe | 115.0% | Subscribe | ||
| Total | 13504 | 15024 | 11.3% | 100% |
Source: Apps Run The World, December 2021
Other Construction and Real Estate software providers included in the report are: Adobe, ADP, Ansys Inc., AppFolio, ARCHIBUS, Arcoro, ARGUS Software Solutions, Atlassian, Autodesk, AVEVA Group, Bluebeam, Brokermint, Buildertrend, Buildium, Cisco Systems, Citrix, CoConstruct, Computer Methods International Corp., Construction Industry Solutions Corp., Cosential, CoStar Group, Dassault Systemes, Domum Link, Dropbox, ECi Software Solutions, Entrata, Eque2, eSUB Construction Software, FieldAware, FINALCAD, Foundation Software, Google, HCSS, Hemlane, Hexagon, IBM, iLease Management LLC, Infor, InfoSite, Intralinks Holdings, Inc., a SS&C Technologies Company, iOFFICE, Inc., JDM Technology Group, Lease Harbor, LeaseCalcs, Inc., LogMeIn, Inc., MRI Software LLC, Nemetschek Spacewell (ex MCS Solutions, ex Axxerion), Newforma, Nice Systems, Open Text Corporation, Paycom, PayLease, PayProp, Pegasystems, Penta Technologies, Inc., PlanData Systems Corp, Procore, Property Matrix, Propertybase, Raken, RedTeam Software, LLC, Re-Leased Software Company Ltd, RemoteLandlord, Rent Manager by London Computer Systems, RIB Software SE, Rockwell Automation, Roper Technologies, Inc., Salesforce, ServiceNow, Siemens PLM Software, Soft4, SolarWinds, Sopra Steria Group SA, Tableau Software, TenantCloud, Teradata Corporation, The Innovation Group, Twilio, Ultimate Software, Verint Systems Inc., Visma, Vonage, VTS (ex Hightower), WebRezPro Property Management System, Workday, Yonyou, and others.
Custom data cuts related to the Construction and Real Estate Applications market are available:
- Top 700+ Construction and Real Estate Applications Vendors and Market Forecast 2020-2025
- 2020 Construction and Real Estate Applications Market By Functional Market (16 Markets)
- 2020 Construction and Real Estate Applications Market By Country (USA + 45 countries)
- 2020 Construction and Real Estate Applications Market By Region (Americas, EMEA, APAC)
- 2020 Construction and Real Estate Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
- 2020 Construction and Real Estate Applications Market By Customer Size (revenue, employee count, asset)
- 2020 Construction and Real Estate Applications Market By Channel (Direct vs Direct)
- 2020 Construction and Real Estate Applications Market By Product
Exhibit 4 shows our projections for the enterprise applications market by vertical segment, based on the buying preferences and the customer propensity to invest in new software within those industries as they continue to upgrade and replace many legacy industry-specific applications that have been identified and tracked in our Buyer Insight Database.
Construction and Real Estate Software Purchases Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database
On the buyer side, customers are investing in Construction and Real Estate systems based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.
Since 2010, our global team of researchers has been studying the patterns of the latest Construction and Real Estate software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these Construction and Real Estate customer wins and losses from public and proprietary sources.
The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.
Source: Apps Run The World, December 2021
Further Readings
An expanded version of this report covers the top 700+ Construction and Real Estate Software Vendors(Construction and Real Estate) offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares (SCORES) within their respective space. We also offer win-loss analysis of the quarterly wins of these top vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.
More Enterprise Applications Research Findings
Based on the latest annual survey of 3,000+ enterprise software vendors, Apps Run The World is releasing a number of dedicated reports, which profile the world’s 500 largest Enterprise Applications Vendors (Apps Top 500) and the world’s 500 largest Cloud Applications Vendors (Cloud Top 500) ranked by their 2015-2020 product revenues.
Their 2020 results are being broken down, sorted and ranked across 16 functional areas (from Analytics to Treasury and Risk Management) and by 21 vertical industries(from Aerospace to Utility), as shown in our Taxonomy. Further breakdowns by subvertical, country, company size, etc. are available as custom data cuts per special request.
Research Methodology
Each year our global team of researchers conduct an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market. We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.
Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than one million records on the enterprise software landscape of over 100,000 organizations around the world.
The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.
