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Why construction document management systems are crucial - Construction Week Online
Until recently, a large number of businesses managed all of the crucial paperwork using
servers, basic folder structures, Word documents, and Excel spreadsheets.
Today, stakeholders frequently face issues like internet connectivity issues, slow VPNs,
and file permission constraints that can cause delays, especially when multiple users
are involved.
Revisions to documents may lead to multiple versions, further causing disarray among
individuals and teams.
Moreover, not all software programmes make it simple to edit, modify, or comment on
documents, especially for those who operate outside the traditional work setting.
A growing market
Recognising the need for a transformative approach, construction companies are now
seeking technological solutions that would make this process simpler so that
contractors, engineers, and other project stakeholders can focus on more crucial
aspects of the projects, like productivity and design.
Construction document management systems are already gaining popularity, and
stakeholders will have greater access to version control and improved management of
crucial project data.
The construction management software market size is estimated at $9.73 billion in
2024, and is expected to reach $15.20 billion by 2029, growing at a compound annual
growth rate (CAGR) of 9.33% during the forecast period 2024-2029.
According to Data Bridge Market Research, the Middle East and Africa Construction
Management Software market is anticipated to grow at a CAGR of 6% to reach $653.96
million by 2029, with the UAE projected to have a dominant position in this market.
This is a result of the UAE’s unwavering commitment to infrastructure development.
Rising demand
The need for construction management software is being driven by the rise in
construction and the development of multiple projects on a global scale.
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