1. Market Research
  2. > Beverage Market Trends
Asia Pacific Construction Accounting Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component, Deployment Type, and Application

Asia Pacific Construction Accounting Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component, Deployment Type, and Application

  • October 2020
  • 108 pages
  • ID: 5989498
  • Format: PDF
  • The Insight Partners


Table of Contents

Search Inside

The construction accounting software market in APAC is expected to grow from US$ 201.98 million in 2019 to US$ 384.38 million by 2027; it is estimated to grow at a CAGR of 8.9% from 2020 to 2027.

The expansion of construction industry is bolstering the growth of APAC construction accounting software market.The construction accounting software market growth is maximum in China and India.

The start of 2020 has been unfavorable for the construction accounting software market due to the outbreak of COVID-19.Although, the third quarter of 2020 likely saw an upturn in construction activity, the projects in construction sector for the last quarter will depend upon the effect of pandemic on sub-contractors and suppliers in the supply chain.

Across APAC, construction activity is expected to remain flat in 2020, with growth in private housing and infrastructure, offsetting falls in industrial, commercial, and health sectors.With this growth in infrastructure and private housing, construction output would increase in the 3rd and 4th quarter of 2020.

With a notable rise in construction activity following the pandemic, this year the construction accounting software market would grow at a steady pace. Private housing yield rose in each of the last five years, and it is expected to continue to grow in 2021 despite a slowdown in property transactions and the continued falls in the prime housing market due to the COVID-19 pandemic. The growth of construction industry is maximum in the China and India. The majority of the construction is inclined toward the technology sector, followed by the healthcare sector. India stands at the forefront and dominates the construction ecosystem; however, Australia and Japan’s growth scenario also reflects tremendous growth. The availability of easy funding and the demand for advanced technology result in the rise in the number of construction projects in these countries. At present, the APAC market is dominated by China and India accounting for ~50% of the market collectively. The primary reason for this is the governments of these countries are spending heavily on the technological advancements. Growing adoption of ERP modules, increasing their invasion in the construction industry is among the other factors expected to positively influence the demand for construction accounting software market in APAC.

In terms of component, the solutions segment led the APAC construction accounting software market in 2019.The solutions segment in the construction accounting software includes software.

The hardware developers provide their customers with a web-based construction accounting software, mobile-based construction accounting software, signage and signaling systems, and automatic construction accounting software, among others.These types of construction accounting software are gaining popularity among the end users, and pertaining to this, the demand for the construction accounting software market is increasing.

The systems mentioned above are integrated with robust software, which allows the entire system to function substantially and facilitates to shorten the accounting.The software developing companies for construction accounting software invests substantial amounts and human resources in designing advanced features and expanding their feature portfolio on the systems, which attracts several construction accounting software developers.

This facilitates the hardware/system manufacturers to attract customers, thereby catalyzing the growth of the APAC construction accounting software market.

Also the ongoing COVID-19 is causing havoc in APAC region.The APAC is characterized by the presence of a large number of developing countries, positive economic outlook, high industrial presence, and a huge population.

The high growth rate of urbanization and industrialization in developing countries of the region is anticipated to offer ample growth opportunities to the market players operating in the construction accounting software market, as the investments in advanced technologies development are quite high in the region.According to the Organization for Economic Co-operation and Development (OECD), the other major economies such as India, South Korea, Australia, and Japan are also getting impacted by the pandemic.

China and India are among the worst-affected countries in the region, due to the outbreak of COVID-19 which also impacts the construction accounting software market.The governments are taking drastic measures to reduce the effects of COVID-19 outbreak by announcing lockdowns, travel, and trade bans.

The construction sector in the countries mentioned above have been experiencing less building activities and a weak supply chain. Additionally, the labor shortage has affected the construction sector in these countries. The construction companies are foreseen to revive substantial development of infrastructures by 2021, which is anticipated to create demand for construction accounting software. This, in turn, is expected to have positive impact on the construction accounting software market in the coming years.

The overall APAC construction accounting software market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the construction accounting software market.

The process also serves the purpose of obtaining overview and forecast for the APAC construction accounting software market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, construction accounting software market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC construction accounting software market. Chetu Inc.; Intuit Inc.; Sage Group plc; Viewpoint, Inc.; Xero Limited are among a few players operating in the APAC construction accounting software market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Beverage Processing Equipment Market by Type, Beverage Type, Mode of Operation and Region - Global Forecast to 2026

  • $ 4950
  • January 2022
  • 259 pages

The beverage processing equipment market is projected to grow from USD 20.4 billion in 2021 to USD 26.4 billion by 2026, recording a compound annual growth rate (CAGR) of 5.3% during the forecast period. ...

  • World
  • APAC
  • Beverage
  • Industrial Equipment
  • Industry analysis
  • Beverage Production
  • Beer Production


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on