Construction and Design Software - North America

The Construction and Design Software market in North America is anticipated to achieve a revenue of US$5.83bn by the year 2024.
Furthermore, it is estimated that the market will experience a compound annual growth rate (CAGR) of 0.78% between 2024 and 2029, leading to a market volume of US$6.06bn by 2029.
When compared to other countries worldwide, United States is projected to generate the highest revenue of US$5.42bn in 2024.
In North America, the construction and design software market is rapidly expanding, with innovative solutions being adopted by industry leaders to enhance project efficiency and collaboration.

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 demand for Construction and Design Software in North America has been on the rise in recent years.

Customer preferences: North American customers are increasingly looking for software that offers ease of use, flexibility and compatibility with other software. There is a growing preference for cloud-based software solutions that can be accessed from anywhere and on any device. Customers are also looking for software that can help them optimize their workflow, reduce errors and improve collaboration with other stakeholders.

Trends in the market: The trend towards Building Information Modelling (BIM) is driving the growth in the Construction and Design Software market in North America. BIM is a digital representation of a building's physical and functional characteristics that can be used for design, construction, and maintenance. BIM software is becoming increasingly popular among architects, engineers, and contractors as it helps to reduce errors, improve collaboration and increase efficiency. Another trend in the market is the use of Virtual Reality (VR) and Augmented Reality (AR) in the design process. VR and AR technology allow designers and architects to create immersive experiences that can help stakeholders to visualize the final product before construction begins.

Local special circumstances: The Construction and Design Software market in North America is highly competitive with a large number of players offering a wide range of software solutions. The market is dominated by large software companies such as Autodesk, Dassault Systemes, and Bentley Systems, but there are also many smaller companies that specialize in niche areas. The market is also highly fragmented with different software solutions being used in different regions and industries.

Underlying macroeconomic factors: The growth in the Construction and Design Software market in North America is being driven by a number of underlying macroeconomic factors. The construction industry in North America is growing at a steady pace, driven by population growth, urbanization, and infrastructure development. The increasing adoption of BIM and other digital technologies is also helping to drive growth in the market. Additionally, the increasing focus on sustainability and energy efficiency is driving demand for software solutions that can help to optimize building performance.

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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