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Construction and Design Software - Worldwide

Worldwide

Revenue in the Construction and Design Software market is projected to reach €9.86bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.92%, resulting in a market volume of €10.64bn by 2028.
In global comparison, most revenue will be generated in the United States (€4,955.00m in 2024).

Key regions: Japan, South Korea, United States, Germany, France

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Construction and Design Software market has been growing rapidly in recent years due to the increasing demand for efficient and cost-effective construction processes.

Customer preferences: Customers in the Construction and Design Software market are increasingly looking for software solutions that can streamline their processes and improve efficiency. They are also looking for software that can integrate with other systems and provide real-time data analysis.

Trends in the market: In the United States, the Construction and Design Software market is expected to grow due to the increasing adoption of Building Information Modeling (BIM) software. BIM software allows for more accurate and efficient construction planning, reducing project costs and improving project timelines.In Europe, the Construction and Design Software market is expected to grow due to the increasing adoption of cloud-based software solutions. Cloud-based software allows for better collaboration between project teams and reduces the need for on-site software installations.In Asia-Pacific, the Construction and Design Software market is expected to grow due to the increasing investment in infrastructure projects. Countries such as China and India are investing heavily in infrastructure projects, leading to increased demand for Construction and Design Software solutions.

Local special circumstances: In the Middle East, the Construction and Design Software market is expected to grow due to the increasing demand for sustainable construction solutions. Countries in the region are investing heavily in sustainable construction projects, leading to increased demand for software solutions that can help achieve these goals.In Latin America, the Construction and Design Software market is expected to grow due to the increasing demand for affordable housing solutions. Countries in the region are investing in affordable housing projects, leading to increased demand for software solutions that can help reduce project costs and improve efficiency.

Underlying macroeconomic factors: The global Construction and Design Software market is expected to grow due to the increasing investment in infrastructure projects and the adoption of new technologies. The market is also being driven by the increasing demand for sustainable and affordable construction solutions. However, the market may face challenges due to the high cost of software solutions and the lack of skilled professionals in the industry.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.