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Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: United Kingdom, Netherlands, Germany, Australia, Japan
The Construction and Design Software market in Bosnia and Herzegovina has been steadily growing in recent years, driven by increasing demand for efficient and cost-effective construction solutions.
Customer preferences: Bosnia and Herzegovina's construction industry has traditionally been dominated by small and medium-sized companies, which have been slow to adopt new technologies. However, in recent years, there has been a growing trend towards the use of Construction and Design Software, driven by the need to improve efficiency and reduce costs. Customers are increasingly looking for software solutions that can help them manage their projects more effectively, from initial design to final construction.
Trends in the market: One of the key trends in the Construction and Design Software market in Bosnia and Herzegovina is the growing popularity of cloud-based solutions. Cloud-based software is becoming increasingly popular among customers as it offers greater flexibility and scalability, and can be accessed from anywhere with an internet connection. Another trend in the market is the increasing adoption of Building Information Modelling (BIM) software, which allows architects, engineers, and construction professionals to create detailed 3D models of buildings and structures, improving collaboration and reducing errors.
Local special circumstances: Bosnia and Herzegovina's construction industry has faced a number of challenges in recent years, including a lack of investment in infrastructure and a shortage of skilled workers. However, the government has recently launched a number of initiatives aimed at boosting the construction sector, including the introduction of new regulations to improve safety standards and the implementation of new training programs to develop the skills of the workforce. These initiatives are expected to drive demand for Construction and Design Software in the coming years.
Underlying macroeconomic factors: Bosnia and Herzegovina's economy has been growing steadily in recent years, driven by strong exports and increasing foreign investment. This has led to a growing demand for new infrastructure and construction projects, which in turn has driven demand for Construction and Design Software. The government's commitment to improving the country's infrastructure and developing the construction sector is also expected to drive growth in the market in the coming years. However, the market is likely to face challenges in the form of increasing competition from international players and the need to adapt to changing customer preferences and technological developments.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)