Construction and Design Software - G7

The Construction and Design Software market is poised to witness impressive growth in the coming years.
According to projections, the market's revenue is expected to reach a staggering US$7.57bn by 2024.
Furthermore, it is anticipated that the market will exhibit a steady annual growth rate (CAGR 2024-2029) of 0.83%.
This growth trajectory will result in a substantial market volume of US$7.89bn by 2029.
When we analyze the global landscape, it becomes apparent that United States will play a pivotal role in driving revenue generation within this market segment.
In 2024, United States is projected to account for the majority of revenue, with an estimated value of US$5.42bn.
This highlights the significant market presence and influence of the United States within the G7 countries.
In Japan, the construction and design software market is experiencing a surge in demand due to the country's high-tech infrastructure projects.

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 market for Construction and Design Software in G7 countries has been rapidly expanding in recent years.

Customer preferences: Customers in G7 countries are increasingly looking for software solutions that provide a comprehensive suite of tools and features to help streamline their construction and design processes. They are also demanding more user-friendly interfaces and cloud-based solutions that can be accessed from anywhere at any time. Additionally, customers are looking for software that can integrate with other applications and services to create a seamless workflow.

Trends in the market: In the United States, the Construction and Design Software market has been driven by a surge in demand for cloud-based solutions, as well as the adoption of Building Information Modeling (BIM) software. In Japan, the market has been driven by the need for software solutions that can help manage the country's aging infrastructure. In Germany, the market has been driven by the increasing use of 3D printing technology in the construction industry. In France, the market has been driven by the adoption of smart city initiatives, which require advanced software solutions to manage complex urban environments. In the United Kingdom, the market has been driven by the need for software solutions that can help manage the country's housing crisis. In Canada, the market has been driven by the adoption of green building practices, which require advanced software solutions to manage complex sustainability requirements.

Local special circumstances: In the United States, the Construction and Design Software market has been shaped by the country's large and fragmented construction industry, which has created a demand for software solutions that can help manage complex projects. In Japan, the market has been shaped by the country's aging infrastructure, which has created a demand for software solutions that can help manage maintenance and repair activities. In Germany, the market has been shaped by the country's strong manufacturing sector, which has created a demand for software solutions that can help manage complex supply chains. In France, the market has been shaped by the country's large and complex urban environments, which require advanced software solutions to manage. In the United Kingdom, the market has been shaped by the country's housing crisis, which has created a demand for software solutions that can help manage the construction of new homes. In Canada, the market has been shaped by the country's vast and diverse geography, which has created a demand for software solutions that can help manage complex infrastructure projects.

Underlying macroeconomic factors: The growth of the Construction and Design Software market in G7 countries has been driven by a range of macroeconomic factors, including increasing urbanization, aging infrastructure, the adoption of green building practices, and the need to manage complex construction projects. Additionally, the market has been shaped by the increasing availability of advanced technologies, such as cloud computing, 3D printing, and Building Information Modeling (BIM). As these technologies become more widely adopted, they are expected to continue driving growth in the Construction and Design Software market in G7 countries.

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.