Construction and Design Software - Egypt

Egypt, a country with a rich history and vibrant culture, is also a player in the Construction and Design Software market.
The market segment is projected to witness significant growth in the coming years.
By 2024, revenue in this sector is estimated to reach US$8.13m.
This growth is expected to continue at an annual rate of 3.91% from 2024 to 2029, resulting in a market volume of US$9.86m by the end of that period.
When looking at the global landscape, it is worth noting that United States is expected to generate the highest revenue in this market segment, reaching a staggering US$5.42bn in 2024.
Egypt's construction and design software market is experiencing a surge in demand as the country undertakes ambitious infrastructure projects to boost economic growth.

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.

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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 Construction and Design Software market in Egypt has been experiencing significant growth in recent years.

Customer preferences: There has been an increasing demand for Construction and Design Software in Egypt due to the growing construction industry. The software is preferred by architects, engineers, and construction professionals for its ability to streamline the design and construction process, reduce errors, and improve efficiency.

Trends in the market: One of the trends in the Construction and Design Software market in Egypt is the adoption of Building Information Modeling (BIM) software. BIM software allows construction professionals to create digital models of buildings and infrastructure, which can be used to simulate the construction process and identify potential issues before construction begins. This technology is becoming increasingly popular in Egypt as it helps to reduce costs, improve efficiency, and ensure that projects are completed on time and within budget.Another trend in the market is the increasing use of cloud-based software solutions. Cloud-based software allows construction professionals to access their designs and project information from anywhere, at any time. This is particularly useful for large-scale projects where multiple teams may be working on different aspects of the project simultaneously.

Local special circumstances: Egypt is home to several large-scale construction projects, including the new administrative capital city, which is expected to be completed by 2023. The project is expected to cost around $58 billion and will include government buildings, residential areas, and entertainment facilities. The demand for Construction and Design Software is expected to increase as construction on this and other projects continues.

Underlying macroeconomic factors: Egypt's economy has been growing steadily in recent years, with a focus on infrastructure development. The government has been investing heavily in the construction sector, which has helped to drive demand for Construction and Design Software. Additionally, the country's young and growing population is fueling demand for new housing and infrastructure, which is expected to continue driving growth in the construction industry and the Construction and Design Software market.

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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