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Construction and Design Software - GCC

The Construction and Design Software market in the GCC is anticipated to witness a significant increase in revenue, with a projected figure of US$65.09m by 2024.
This growth is expected to continue at an annual rate of 1.60%, resulting in a market volume of US$70.47m by 2029.
When compared to other countries worldwide, United States is forecasted to generate the highest revenue in the Construction and Design Software market, reaching US$5,420.00m in 2024.
The GCC construction and design software market is experiencing a surge in demand as infrastructure development projects continue to flourish in the region.

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

Market

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Region comparison

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Analyst Opinion

The demand for Construction and Design Software in the GCC region has been growing rapidly in recent years.

Customer preferences: Customers in the GCC region are increasingly demanding software that can provide accurate and efficient design and construction solutions. They are looking for software that can help them save time and money, while also improving the quality of their designs.

Trends in the market: One of the major trends in the Construction and Design Software market in the GCC region is the increasing adoption of Building Information Modeling (BIM) software. BIM software is becoming more popular due to its ability to provide accurate and detailed information about the design and construction process. Another trend is the growing demand for cloud-based software solutions, which offer greater flexibility and scalability.

Local special circumstances: The GCC region is home to some of the world's largest construction projects, including the Dubai Expo 2020 and the Qatar World Cup 2022. These projects require advanced design and construction software to help manage their complexity and scale. Additionally, the GCC region has a young and tech-savvy population, which is driving demand for innovative software solutions.

Underlying macroeconomic factors: The GCC region has been experiencing strong economic growth in recent years, driven by high oil prices and government investment in infrastructure and construction projects. This has led to an increase in demand for construction and design software. Additionally, the GCC region has a large and growing population, which is driving demand for new housing and infrastructure projects.

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.