Construction and Design Software - Ghana

The Construction and Design Software market in Ghana is expected to experience significant growth in the coming years.
By 2024, revenue in this market is projected to reach US$4.30m.
This growth is anticipated to continue at an annual growth rate of 1.84% between 2024 and 2029, resulting in a market volume of US$4.71m by 2029.
When compared to other countries around Worldwide, it is worth noting that United States is expected to generate the highest revenue in this market, with US$5.42bn forecasted for 2024.
Ghana's construction and design software market is experiencing a surge in demand due to the country's booming infrastructure development 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.

For more information on the displayed data, use the info button right next to the boxes.

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 Ghana has been experiencing significant growth in recent years.

Customer preferences: Ghana's construction and design software market has been driven by the increasing demand for digitization and automation in the construction industry. Many construction companies in Ghana are adopting software solutions to streamline their operations and improve their efficiency. Additionally, the growing trend of sustainable construction practices has also led to the adoption of software solutions that can help reduce waste and optimize resource usage.

Trends in the market: One of the major trends in the Ghanaian construction and design software market is the increasing adoption of Building Information Modelling (BIM) software. BIM software is becoming increasingly popular in Ghana due to its ability to provide an integrated platform for all stakeholders in the construction process, including architects, engineers, contractors, and building owners. This software allows stakeholders to collaborate in real-time, reducing the risk of errors and delays in the construction process.Another trend in the Ghanaian construction and design software market is the adoption of cloud-based software solutions. Cloud-based solutions are becoming increasingly popular in Ghana due to their scalability and cost-effectiveness. These solutions allow construction companies to access their data and software from anywhere, at any time, on any device.

Local special circumstances: Ghana's construction and design software market is unique due to the country's rapid urbanization and infrastructure development. The Ghanaian government has launched several initiatives to improve the country's infrastructure, including the construction of new roads, bridges, and buildings. This has led to an increasing demand for software solutions that can help manage and optimize these projects.

Underlying macroeconomic factors: The growth of Ghana's construction and design software market can be attributed to several underlying macroeconomic factors. Ghana's economy has been growing steadily in recent years, with a GDP growth rate of 6.5% in 2019. This growth has led to an increase in construction activity, which has in turn driven the demand for software solutions. Additionally, Ghana's government has been actively promoting the use of technology in the construction industry, which has further fueled the growth of the 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.

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.