Construction and Design Software - Estonia

The Construction and Design Software market in Estonia is expected to witness a significant increase in revenue, with projections indicating it will reach US$1.78m units by 2024.
Moreover, it is anticipated that the market will experience a steady growth rate of 2.56% annually from 2024 to 2029, ultimately resulting in a market volume of US$2.02m units by the end of the forecast period.
In a global context, it is noteworthy that United States is expected to dominate the market, generating a substantial amount of revenue amounting to US$5.42bn units in 2024.
Estonia's construction and design software market is booming, driven by the country's advanced digital infrastructure and tech-savvy workforce.

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

Construction and Design Software is a rapidly growing market in Estonia, driven by the country's booming construction industry and the increasing adoption of technology in the sector.

Customer preferences: Estonian customers are increasingly demanding digital solutions to streamline their construction and design processes. They prefer software that is user-friendly, customizable, and can integrate with other tools they use. They also prioritize software that can help them save time and money while improving the quality of their work.

Trends in the market: One of the key trends in the Estonian Construction and Design Software market is the growing popularity of cloud-based solutions. These solutions offer greater flexibility and accessibility, allowing users to work from anywhere and collaborate more easily with others. Another trend is the increasing use of Building Information Modeling (BIM) software, which enables architects and engineers to create detailed 3D models of buildings and infrastructure projects. BIM software is becoming more widely adopted in Estonia as it helps to reduce errors, improve collaboration, and enhance the overall quality of construction projects.

Local special circumstances: Estonia's construction industry is booming, with a high demand for new residential and commercial buildings, as well as infrastructure projects. This demand is being driven by population growth, urbanization, and increased foreign investment in the country. Additionally, Estonia has a highly skilled workforce in the technology sector, which is helping to drive innovation and the adoption of new digital tools in the construction industry.

Underlying macroeconomic factors: Estonia's strong economic growth and stable political environment have created a favorable business climate for the construction industry and the adoption of technology. The country's membership in the European Union has also helped to attract foreign investment and stimulate economic growth. Furthermore, the Estonian government has been actively promoting the use of digital tools in the construction industry, providing funding and support for companies to develop and adopt new technologies.

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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