Can Autodesk Be the Microsoft of Construction?
With Procore Technologies' recent S-1 filing, competition for construction management software seems to be heating up. With large general contractors looking for efficient ways to collaborate, construction software today bears a passing resemblance to the file-sharing industry over the recent decade.
Though there have been many winners in the file-sharing industry such as Alphabet and Dropbox, Microsoft is widely regarded as a leader. Let's see whether or not Autodesk (NASDAQ: ADSK) can wear that same crown for this specific sector of the economy.
Before we dive into the similarities between Autodesk and Microsoft, it's probably best to lay the groundwork -- no pun intended. The construction industry is enormous. According to Procore's S-1, construction is responsible for 13% of global gross domestic product and 7% of global employment. While the bulk of that spending isn't focused on software, such technology is playing an increasingly important role.
Source Fool.com
