Construction and Design Software - Philippines

In the Philippines, the Construction and Design Software market is expected to witness significant growth in the coming years.
It is projected that by 2024, the revenue in this market will reach US$14.14m.
Furthermore, an annual growth rate of 4.81% is anticipated from 2024 to 2029, which will result in a market volume of US$17.88m by the end of 2029.
When compared globally, United States is expected to generate the highest revenue in this market, with an estimated amount of US$5.42bn in 2024.
The Philippines is experiencing a surge in demand for construction and design software, as the country's infrastructure projects continue to grow.

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 Philippines has been experiencing steady growth in recent years.

Customer preferences: Philippines has a growing construction industry, and this has led to an increased demand for construction and design software. Customers in the Philippines are looking for software that is easy to use, affordable, and can help them streamline their construction processes.

Trends in the market: There has been a shift towards cloud-based software solutions in the Philippines. This is because cloud-based software is more cost-effective and easier to use than traditional software. Additionally, there has been an increase in the use of Building Information Modeling (BIM) software in the Philippines. BIM software allows construction professionals to create 3D models of buildings and infrastructure, which can help to improve the accuracy of construction projects.

Local special circumstances: The Philippines is a developing country, and this has led to a need for infrastructure development. The government has been investing heavily in infrastructure projects, such as roads, bridges, and airports. This has led to an increase in demand for construction and design software in the country.

Underlying macroeconomic factors: The Philippines has been experiencing steady economic growth in recent years, and this has led to an increase in construction activity. Additionally, the country has a young and tech-savvy population, which has led to an increased demand for technology solutions in the construction industry. The government has also been supportive of the construction industry, and this has led to an increase in investment in infrastructure projects.

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.

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