Project Collaboration

Project Collaboration Tools: What’s Ahead for 2014

Project Collaboration Tools: What’s Ahead for 2014

The global construction industry is expected to grow to $9.4 trillion in 2015[1]. Construction firms spend an estimated 1.1% to 1.6% of annual revenue on information technology (IT), which is lower than the investment levels of other industries[2]. If the rate of IT spending remained static, the total available market for construction IT would range from $103.4 billion to $150.4 billion in 2015.