Key regions: United Kingdom, Netherlands, Germany, Australia, Japan
The Construction and Design Software market in Central & Western Europe has been experiencing steady growth in recent years.
Customer preferences: Customers in Central & Western Europe have been increasingly adopting Building Information Modeling (BIM) software. BIM software allows for 3D modeling, simulation, and collaboration among different stakeholders in a construction project. This has led to increased efficiency and reduced errors in the construction process. Additionally, customers are demanding software that is compatible with mobile devices, allowing for greater flexibility and ease of use.
Trends in the market: Germany has been leading the way in the adoption of BIM software, with many government projects requiring the use of BIM. The United Kingdom has also seen significant growth in the construction software market, with a focus on cloud-based solutions. France has been slower to adopt BIM software, but is expected to catch up in the coming years. Additionally, there has been a trend towards the integration of artificial intelligence and machine learning into construction software, allowing for greater automation and predictive analytics.
Local special circumstances: The construction industry in Central & Western Europe is highly regulated, with strict building codes and safety standards. This has led to a demand for software that can ensure compliance with these regulations. Additionally, there is a shortage of skilled labor in the construction industry, leading to a greater reliance on technology to make up for the lack of manpower.
Underlying macroeconomic factors: The construction industry in Central & Western Europe has been growing steadily due to increased investment in infrastructure projects. Additionally, there has been a trend towards urbanization, leading to increased demand for housing and commercial buildings. The COVID-19 pandemic has had a mixed impact on the construction industry, with some projects being delayed or canceled, while others have been accelerated due to changes in work and living patterns. Overall, the market for construction and design software in Central & Western Europe is expected to continue to grow in the coming years.
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.
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