Software Advice has released the results of their 2014 buyer review for construction software. An article written by Janna Finch, Managing Editor of Software Advice, points out some interesting results.
- Seventy-eight percent (78%) of buyers (in the Construction industry) have no deployment preference, whereas most buyers in other industries tend to prefer cloud-based systems.
- The most frequently cited reason for buying new (construction) software is increased efficiency or productivity, with 28 percent of the sample saying they hoped to achieve this benefit.
- The top two requested applications were project management (33 percent) and estimating (24 percent).
Based on this year’s results, I would think that it points to two or three things. First, the industry is still relatively new to the tech world and many of us are not using “cloud-based” software.
Second, except for the mechanical-electrical trades, it appears that the use of BIM for building construction is still in its infancy.
Third, the industry is most interested in “Best of Breed” software (68%) over “Integrated Suites” (32%).
Forty-two percent (42%) of the respondents surveyed were small businesses with annual revenues of less than $10 million, but there were respondents with gross annual revenues of up to and over a billion dollars.
Steven Mulka, of SIS Software, founding partner of SIS Software, said after his review of the results:
“Overall, there is great opportunity for construction software vendors who figure out how to effectively deliver their software as a Cloud solution. The key is educating potential customers on the benefits of this deployment model and incorporating features that bring customers real value.”
You can read the article and download the full report, then let us know if your business is ready for the Cloud.