Construction and Design Software - Ireland

In Ireland, the Construction and Design Software market is anticipated to witness a significant growth in revenue, with projections estimating it to reach US$23.98m by 2024.
This growth is further expected to continue at an annual growth rate (CAGR 2024-2029) of 2.31%, ultimately reaching a market volume of US$26.88m by 2029.
When compared globally, it is worth noting that United States is expected to generate the highest revenue in this market segment, with an estimated value of US$5.42bn by 2024.
Ireland is experiencing a surge in demand for Construction and Design Software, as the country's booming construction industry continues to grow rapidly.

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 Construction and Design Software market in Ireland has been experiencing steady growth over the past few years.

Customer preferences: Customers in Ireland are increasingly looking for software solutions that can help them streamline their construction and design processes. This includes software that can help with project management, 3D modeling, and collaboration. Additionally, customers are looking for software that is easy to use and can integrate with other tools they may already be using.

Trends in the market: One of the major trends in the Construction and Design Software market in Ireland is the shift towards cloud-based solutions. Cloud-based software allows for greater flexibility and collaboration, which is becoming increasingly important in the construction industry. Another trend is the use of Building Information Modeling (BIM) software, which allows for more accurate and efficient building design and construction.

Local special circumstances: Ireland has a strong construction industry, with many large-scale projects underway. This has created a demand for software solutions that can help manage these projects more efficiently. Additionally, the Irish government has mandated the use of BIM on all publicly-funded projects, which has further increased the demand for BIM software.

Underlying macroeconomic factors: The Irish economy has been growing steadily in recent years, which has led to an increase in construction activity. Additionally, the government has been investing heavily in infrastructure projects, which has further boosted the construction industry. These underlying macroeconomic factors have created a favorable environment for the growth of the Construction and Design Software market in Ireland.

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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