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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$5,420.00m.
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.

Key regions: United Kingdom, Netherlands, Germany, Australia, Japan

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Analyst Opinion

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.

Methodology

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.