The global construction and design software market is expected to register a CAGR of around 7% over the period of 2022-2028. Construction and design software refer to a type of computer software that is used to help architects, engineers, construction professionals, and other design-build professionals in the planning, design, construction, and management of buildings, structures, and other physical facilities. These software programs can assist with tasks such as creating 3D models, generating building plans and elevations, calculating material and labor costs, and tracking project progress. Examples of construction and design software include AutoCAD, Revit, SketchUp, and Procore.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 – https://univdatos.com/get-a-free-sample-form-php/?product_id=35156
The market growth is expected to be driven by the growing infrastructure development and the need for better interior design and decoration. This will enable architects to take preventive measures and reduce the need for rebuilding and remodeling. The advancements in 5G technology and computational devices have also made it possible for VR applications in interior design solutions to become more realistic and faster. This is improving productivity in construction and design software by reducing the need for documentation and paper work, thereby lowering costs related to interior design. Additionally, construction and design software allow architects to create a complete floor layout with accurate measurements for various elements such as doors, windows, flooring, walls, cabinets, lighting, and furniture.
According to UnivDatos Market Insights (UMI)’ research report “global construction and design software market”, the market is expected to witness robust growth during the forecast period 2022-2028F. This is mainly due to an increase in the construction activities globally, the global construction market reached a significant value, the increasing workload motivates the companies to implement automating/software solutions for their day-to-day operations.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=35156
Based on deployment, the market is segmented into on-premises and cloud. The cloud segment is estimated to grow significantly during the forecast period. The growth of the cloud segment is mainly governed by factors, such as easy deployment, flexibility, and cost-effective pricing structure. Furthermore, the cloud enables project managers to synchronize and connect with multiple teams to get real-time information across the project sites. It has become the most preferred way to deploy construction and design software and is predicted to maintain its growth over the forecast period.
Based on end-users, the market is segmented into architects & builders, remodelers, designers, and others. The architects & builders’ segment is expected to grow significantly during the forecast period. The segment growth can be attributed to the rising demand for design proficiency, to take advantage of the project perspective like scheduled building, development, and building parameter endorsement. The hike in the number of infrastructural projects and the increased popularity of BIM as a tool helps remodelers, architects, and designers to plan, design, and manage building projects in an effective manner. These factors are collectively responsible for the growth of the segment.
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North America to witness extensive growth
For a better understanding of the market adoption of the construction and design software industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The North American regional market dominated the construction and design software market in 2020. The regional growth can be attributed to the large-scale adoption of digital systems in the infrastructure domain and BIM by engineers, designers, architects, and builders. Furthermore, the role of governments in promoting the use of technology for the superior quality of construction projects benefits the market in the region. Also, the U.S. government announced a funding package worth USD 2 trillion, With this initiative, it is expected to boost the market growth, and subsequently increase the demand for construction and design software in the region.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Construction and design software market are Bentley Systems, Vector works, Inc, Constellation Software Inc., Microsoft Corporation, Autodesk Inc, RIB Software SE, Sage Group plc, SAP, Trimble Inc., Oracle Corporation.
“Global Construction and Design Software Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By Function (Safety & Reporting, Project Management, Project Design, And Others)
2. By Deployment (On-Premises and Cloud)
3. By End-User (Architects & Builders, Remodelers, Designers, and Others)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (BENTLEY SYSTEMS, Vector works, Inc, Constellation Software Inc., Microsoft, Autodesk Inc, RIB Software SE, Sage Group plc, SAP, Trimble Inc., Oracle Corporation.)
Key questions answered in the study:
1. What are the current and future trends of the global construction and design software industry?
2. How the industry has been evolving in terms of technology and application?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global construction and design software industry?
5. What is the customer orientation, purchase behavior, and expectations from the global construction and design software suppliers across various region and countries?
Table of Content:-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE CONSTRUCTION AND DESIGN SOFTWARE MARKET
6 CONSTRUCTION AND DESIGN SOFTWARE MARKET REVENUE, 2020-2028F
7 MARKET INSIGHTS BY FUNCTION
8 MARKET INSIGHTS BY DEPLOYMENT
9 MARKET INSIGHTS BY END-USER
10 MARKET INSIGHTS BY REGION
11 CONSTRUCTION AND DESIGN SOFTWARE MARKET DYNAMICS
12 CONSTRUCTION AND DESIGN SOFTWARE MARKET OPPORTUNITIES
13 CONSTRUCTION AND DESIGN SOFTWARE MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
18 DISCLAIMER