Construction and Design Software - Bahrain

The Construction and Design Software market in Bahrain is expected to witness a significant increase in revenue, with projections indicating a rise to US$1.81m in 2024.
Furthermore, it is anticipated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 0.72%, resulting in a market volume of US$1.88m by 2029.
When compared globally, United States is forecasted to generate the highest revenue, with an estimated US$5.42bn in 2024.
Bahrain's construction and design software market is experiencing a surge in demand due to the country's rapid urbanization and infrastructure development.

Definition:

The Construction and Design Software market covers software applications in areas such as Computer-Aided Design (CAD), Manufacturing (CAM), and Product Lifecycle Management (PLM) that are used for tasks such as building design, product modeling, product management, manufacturing scheduling, and cost estimating.

Products in the Construction and Design Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Construction and Design Software market comprises revenue and revenue growth as the key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G).

Key players in this market include Autodesk and Dassault Systems.

For more information on the displayed data, use the info button right next to the boxes.

Computer-aided design (CAD) software, such as AutoCAD, Solidworks, and Onshape
Computer-aided manufacturing (CAM) software, such as Siemens, Fusion 360, and Desktop Metal

Free-of-charge software, such as Airtable, Anaplan, and BlackLine
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The demand for Construction and Design Software in Bahrain has been growing steadily in recent years, driven by various factors such as the increasing adoption of Building Information Modeling (BIM) technology and the government's focus on infrastructure development.

Customer preferences: Customers in Bahrain are increasingly looking for software solutions that can help them streamline their construction and design processes, reduce costs, and improve project efficiency. They are also looking for software that can support BIM technology, which allows for better collaboration and communication among project stakeholders.

Trends in the market: One of the key trends in the Bahrain Construction and Design Software market is the increasing adoption of BIM technology, which is being driven by government initiatives to promote the use of BIM in construction projects. This has led to a growing demand for software solutions that can support BIM workflows and enable better collaboration among project stakeholders. Another trend is the growing popularity of cloud-based software solutions, which offer greater flexibility and scalability compared to traditional on-premise software.

Local special circumstances: Bahrain's construction industry has been growing rapidly in recent years, driven by government investment in infrastructure projects such as the Bahrain International Airport expansion and the Bahrain Metro project. This has created a strong demand for Construction and Design Software solutions that can support the planning, design, and construction of these projects. Additionally, the government's focus on sustainability and energy efficiency has led to a growing demand for software solutions that can help achieve these goals.

Underlying macroeconomic factors: Bahrain's economy has been growing steadily in recent years, driven by strong performance in the non-oil sectors such as construction, tourism, and financial services. The government's focus on diversifying the economy away from oil has led to a growing demand for infrastructure projects and construction services, which in turn has driven demand for Construction and Design Software solutions. Additionally, Bahrain's strategic location in the Gulf region and its well-developed logistics infrastructure make it an attractive destination for foreign companies looking to establish a presence in the region, which has further boosted demand for Construction and Design Software solutions.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.