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Construction and Design Software - Taiwan

Taiwan

The Construction and Design Software market in Taiwan is expected to experience significant growth in the coming years.
By 2024, it is projected that the revenue in this market will reach US$75.09m.
This growth is driven by various factors such as the increasing demand for advanced software solutions in the construction and design industry.
Furthermore, the market is anticipated to show a steady annual growth rate (CAGR 2024-2029) of 1.22%.
This growth rate will contribute to a substantial increase in the market volume, which is estimated to reach US$79.78m by 2029.
This indicates a positive outlook for the Construction and Design Software market in Taiwan.
However, it is important to note that in global comparison, United States is expected to generate the highest revenue in this market.
In 2024 alone, United States is projected to reach a revenue of US$5,420.00m.
This highlights the dominance of the United States in the global Construction and Design Software market.
In conclusion, the Construction and Design Software market in Taiwan is predicted to experience significant growth, with revenue expected to reach US$75.09m by 2024.
The market is expected to continue growing steadily, with a projected market volume of US$79.78m by 2029.
Despite this growth, United States is anticipated to be the leading revenue generator in the global market.
Taiwan is experiencing a surge in demand for construction and design software, as the country continues to invest heavily in infrastructure development projects.

Key regions: United Kingdom, Netherlands, Germany, Australia, Japan

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Analyst Opinion

The Construction and Design Software market in Taiwan has been steadily growing in recent years due to various factors.

Customer preferences: Taiwanese customers have shown a preference for software that can improve efficiency and productivity in the construction and design industry. They are also looking for software that can provide accurate and detailed information about building materials and costs.

Trends in the market: One trend in the market is the increasing use of Building Information Modeling (BIM) software, which allows for more efficient collaboration between architects, engineers, and contractors. Another trend is the rise of cloud-based software, which provides more flexibility and accessibility for users.

Local special circumstances: Taiwan has a highly developed construction industry, with many large-scale infrastructure projects currently underway. This has created a demand for software that can handle the complexity of these projects and provide accurate cost estimates. Additionally, Taiwan has a strong technology sector, which has led to the development of innovative software solutions for the construction and design industry.

Underlying macroeconomic factors: Taiwan has a stable and growing economy, with a focus on technology and innovation. This has created a favorable environment for the development and adoption of construction and design software. Additionally, Taiwan has a highly educated workforce, which has contributed to the development of advanced software solutions. Finally, the government has been supportive of the construction industry, providing funding for infrastructure projects and encouraging the use of innovative technology.

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.