Construction and Design Software - Serbia

in Serbia, a country in southeastern Europe, is set to experience significant growth in the Construction and Design Software market.
According to projections, the revenue in this market is expected to reach US$3.10m in 2024.
This growth is anticipated to continue at a steady pace, with an annual growth rate (CAGR 2024-2029) of 5.60%.
By 2029, the market volume is projected to reach US$4.06m.
In comparison to other countries, United States is expected to generate the highest revenue in the Construction and Design Software market.
In 2024, the revenue United States is estimated to be a staggering US$5.42bn.
This highlights the dominance of the United States in this market segment.
Serbia's construction and design software market is rapidly expanding, driven by the country's increasing infrastructure development projects.

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.

For more information on the displayed data, use the info button right next to the boxes.

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 Serbia has been growing steadily in recent years due to a number of factors.

Customer preferences: Serbian customers are increasingly demanding advanced software solutions that can help them design and construct buildings more efficiently and with greater precision. They are also looking for software that can help them manage complex projects and collaborate with other stakeholders more effectively.

Trends in the market: One of the key trends in the Construction and Design Software market in Serbia is the growing popularity of cloud-based solutions. These solutions offer customers greater flexibility and scalability, as well as improved collaboration and data sharing capabilities. Another trend is the increasing use of Building Information Modeling (BIM) software, which allows architects and engineers to create detailed 3D models of buildings and other structures, and to simulate their performance in real-world conditions.

Local special circumstances: Serbia's construction industry has been growing rapidly in recent years, driven by a combination of public investment in infrastructure projects and private sector demand for new residential and commercial properties. This has created a strong demand for advanced software solutions that can help architects, engineers, and contractors design and build structures more efficiently and cost-effectively. At the same time, Serbia's relatively low labor costs and skilled workforce have made it an attractive destination for outsourcing software development and other IT services.

Underlying macroeconomic factors: Serbia's economy has been growing steadily in recent years, driven by strong export growth and a surge in foreign direct investment. The country's accession to the EU in 2025 is expected to further boost its economic prospects, as it will provide access to a larger market and increased investment opportunities. At the same time, Serbia is still recovering from the effects of the 2008 global financial crisis, and faces a number of challenges related to corruption, political instability, and a relatively weak institutional framework. These factors could potentially impact the growth of the Construction and Design Software market in the country in the coming years.

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.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.