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Construction and Design Software - New Zealand

New Zealand

Revenue in the Construction and Design Software market is projected to reach US$34.55m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.59%, resulting in a market volume of US$36.80m by 2028.
In global comparison, most revenue will be generated in the United States (US$5,420.00m in 2024).

Key regions: Japan, South Korea, United States, Germany, France

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Analyst Opinion

New Zealand, known for its picturesque landscapes and vibrant culture, is also developing its construction and design software market.

Customer preferences: New Zealand's construction and design software market is primarily driven by the demand for user-friendly and cost-effective software solutions. Customers prefer software that can be easily integrated into their existing systems and offer customization options to meet their specific needs. Additionally, the need for software that can improve project management and collaboration among team members is also on the rise.

Trends in the market: The construction and design software market in New Zealand is witnessing a trend towards cloud-based software solutions. This trend is driven by the need for remote access to project data and the ability to collaborate with team members regardless of their location. The demand for Building Information Modeling (BIM) software is also on the rise, as it enables architects and engineers to create accurate 3D models of buildings and structures, improving the design and construction process.

Local special circumstances: New Zealand has a unique construction industry, with a focus on sustainable and eco-friendly building practices. This has led to the development of software solutions that can assist in achieving sustainable building certifications, such as Green Star, in the design and construction process. Additionally, the country's strict building codes and regulations have led to the development of software solutions that can ensure compliance with these regulations.

Underlying macroeconomic factors: New Zealand's construction industry has been growing steadily over the past few years, driven by the government's investment in infrastructure projects and the demand for housing. This growth has led to an increase in the demand for construction and design software solutions. Additionally, the country's strong economy and stable political environment have made it an attractive market for international software providers looking to expand their operations.

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.