European The growing digitization across the construction industry is expected to support the growth of Europe's construction accounting software market. For instance, the Digital Transformation Monitor initiative is aimed to monitor the key trends in the digital transformation and measures the progress made at the national and sector-specific level. European Commission is taking several initiatives to support the digitization of the construction industry. In 2019, Europe stood second in the construction accounting software market with a decent market share, and it is anticipated to witness a steady CAGR from 2020 to 2027.With the growing focus of construction companies toward adopting new technologies for streamlining the workflow, the digitization across the construction industry is growing.