Key regions: United Kingdom, Netherlands, Germany, Australia, Japan
The demand for Construction and Design Software in Morocco has been increasing in recent years.
Customer preferences: Moroccan customers are increasingly looking for software that can help them streamline their construction and design processes. They are interested in software that can help them manage projects more efficiently, reduce costs, and improve collaboration between team members. Moroccan customers are also looking for software that is user-friendly and easy to learn, as well as software that is compatible with their existing systems and devices.
Trends in the market: One of the key trends in the Construction and Design Software market in Morocco is the shift towards cloud-based software. Moroccan customers are increasingly interested in software that can be accessed from anywhere, at any time, and on any device. Cloud-based software also offers benefits such as automatic updates, improved collaboration, and reduced costs. Another trend in the market is the increasing use of Building Information Modeling (BIM) software. BIM software allows architects, engineers, and construction professionals to create and manage digital representations of buildings and infrastructure projects. BIM software can help improve collaboration, reduce errors, and increase efficiency throughout the entire construction process.
Local special circumstances: Morocco has a rapidly growing construction industry, which is driving demand for Construction and Design Software. The Moroccan government has also launched several initiatives to support the construction industry, such as the National Initiative for Human Development and the National Program for the Rehabilitation of Old Medinas. These initiatives are aimed at improving infrastructure and creating jobs, which is further driving demand for Construction and Design Software.
Underlying macroeconomic factors: Morocco has a rapidly growing economy, with a GDP growth rate of around 3.7% in 2019. The government has been investing heavily in infrastructure projects, such as highways, airports, and ports, which is driving demand for Construction and Design Software. The country's young and growing population is also driving demand for new housing and commercial buildings, which is further fueling the growth of the construction industry and the demand for Construction and Design Software.
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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