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Construction and Design Software - Turkey

Turkey

in Turkey, a country with a rich historical background, is also a significant player in the Construction and Design Software market.
The revenue in this market segment is projected to reach US$9.94m in 2024.
Looking ahead, it is expected to exhibit a steady annual growth rate (CAGR 2024-2029) of 4.52%, leading to a market volume of US$12.40m by 2029.
When comparing Turkey's revenue to the global market, it is worth noting that United States will generate the highest revenue, estimated to be US$5,420.00m in 2024.
Despite economic challenges, Turkey's construction and design software market is experiencing steady growth due to increased infrastructure projects and government support.

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

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Analyst Opinion

The Construction and Design Software market in Turkey has been experiencing steady growth in recent years.

Customer preferences: Turkish customers have been showing an increasing preference for construction and design software that can streamline project management and improve collaboration between different stakeholders. They are also looking for software that can provide real-time data and analytics to help them make informed decisions.

Trends in the market: One of the key trends in the Turkish Construction and Design Software market is the increasing adoption of cloud-based solutions. This is driven by the need for greater flexibility and scalability, as well as the desire to reduce costs associated with on-premises software. Another trend is the growing use of Building Information Modeling (BIM) software, which allows for more accurate and efficient project planning and management.

Local special circumstances: Turkey is a rapidly developing country with a growing construction industry, which is driving demand for construction and design software. There is also a strong focus on infrastructure development, which is creating opportunities for software providers that specialize in this area. However, the market is also highly competitive, with many local and international players vying for market share.

Underlying macroeconomic factors: Turkey has a large and growing population, which is driving demand for new housing and infrastructure. The government has also been investing heavily in infrastructure projects, which is creating opportunities for software providers that specialize in this area. However, the country has also been experiencing political and economic instability in recent years, which has impacted the overall business environment.

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.