Construction and Design Software - Singapore

The Construction and Design Software market in Singapore is expected to witness substantial growth in the coming years.
By 2024, the projected revenue is estimated to reach US$31.90m.
This growth is anticipated to continue with an annual growth rate of 0.88%, leading to a market volume of US$33.34m by 2029.
When comparing the global Construction and Design Software market, United States is expected to generate the highest revenue.
In 2024, the revenue generated by United States is projected to be US$5.42bn.
This highlights the dominant position of the United States in the market.
Singapore's construction and design software market is experiencing a surge in demand due to the country's focus on sustainable urban development.

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

Construction and Design Software is a rapidly developing market in Singapore. The country has a thriving construction industry, and the use of technology has become increasingly important in recent years.

Customer preferences: Customers in Singapore are increasingly looking for software that can improve efficiency, accuracy, and productivity. They are looking for software that can help them to complete projects in a timely and cost-effective manner. Additionally, there is a growing demand for software that can help with sustainability and environmental concerns.

Trends in the market: One of the major trends in the Construction and Design Software market in Singapore is the use of Building Information Modelling (BIM). BIM is an intelligent 3D model-based process that gives architecture, engineering, and construction professionals the insight and tools to more efficiently plan, design, construct, and manage buildings and infrastructure. BIM is becoming increasingly popular in Singapore as it allows for greater collaboration between different stakeholders in a project, and it can help to reduce errors and delays.Another trend in the market is the use of cloud-based software. Cloud-based software allows for greater flexibility and scalability, and it can help to reduce costs. Additionally, it allows for greater collaboration between different stakeholders in a project, as they can access the software from anywhere with an internet connection.

Local special circumstances: One of the unique aspects of the Construction and Design Software market in Singapore is the emphasis on sustainability. The government has set ambitious targets for reducing carbon emissions and improving energy efficiency, and this has led to a growing demand for software that can help with sustainability concerns. Additionally, Singapore is a small country with limited space, and this has led to a focus on vertical construction and high-density developments. Software that can help with these types of projects is in high demand.

Underlying macroeconomic factors: Singapore has a strong and stable economy, which has helped to drive growth in the Construction and Design Software market. Additionally, the government has been investing heavily in infrastructure projects, which has created a strong demand for software that can help with these types of projects. Finally, Singapore is a hub for innovation and technology, and this has helped to drive the development of new software solutions in the Construction and Design Software market.

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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