Bob the Coder
Monday 26 November 2018Article
An upcoming boom in software serving the construction industry will drive several new billion dollar scale-ups in the coming decade.
Construction is a trillion dollar industry characterised by challenges in productivity, logistics, cost control and work force scheduling. This kind of automation and RoI-driven opportunity is what software entrepreneurs and investors love.
Architects and Engineers have used software-based workflows for years, but barriers to adoption in the downstream construction and project management processes are only now being overcome.
One of my favourite construction software companies, PlanGrid, was just acquired by Autodesk for a healthy $875m. PlanGrid takes CAD drawings and delivers them (along with the process for iterating drawings) via onsite iPads.
We all know that software is eating the world. It hasn't eaten much of Construction yet, but it will.
Suggested Reading
Vertical software
Many of the best vertical software businesses make money with a well-established playbook: pick leading market positions and must-have products, drive pricing, up-sell and cross-sell; make the right bolt-on acquisitions to fill out the vertical