DUBLIN, December 13, 2021–(BUSINESS WIRE)–The “Analysis Report of Construction and Design Software Market Size, Share and Trends by Function (Cost Accounting, Project Management and Planning), by Deployment, by End Use, by Region and Segment Forecast , 2021-2028″ report has been added to from ResearchAndMarkets.com offer.
The global construction and design software market size is expected to reach USD 18.18 billion by 2028, growing at a CAGR of 7.7% from 2021 to 2028
Rising demand for effective tool management in the construction industry is triggering the adoption of construction and design software and hence acting as a growth driver of the market.
The development of digital capabilities such as IoT, geographic information systems (GIS), building information modeling (BIM), and recent improvements in drones and unmanned aerial vehicle (UAV) technology can improve the accuracy and speed of businesses in the construction industry.
The above-mentioned factors are considered to be the major drivers that may create the need for adoption of construction and design software in all businesses. As construction and design software requires high capital investments, it is difficult for SMEs to afford their businesses, which is expected to restrain the growth of the market.
The increasing preference for better interior design and decoration among customers and end-use industries is one of the major factors driving the growth of the market. Rising government initiatives to promote construction and real estate globally and growing need for increased productivity are expected to further fuel the demand during the forecast period.
Increasing investment in cutting-edge technologies is driving competition among market players, leading to the development of new design software, such as DataCAD, AutoCAD, SketchUp, and Revit, with improved technology and improved capabilities.
The global construction and design software market is also driven by growth factors such as increasing adoption of cloud-deployed construction software, rising demand for higher accuracy and efficiency in industry industry and the continued number of mergers and acquisitions in the construction and IT industry. .
Moreover, the integration of BIM in sustainable architecture and increasing investment in the construction industry are major opportunities for market players operating in the market.
Construction and Design Software Market Report Highlights
In terms of function, the project management and planning segment dominated the market in 2020 and is expected to maintain its dominance over the forecast period. Growth of the segment can be attributed to increased projectification of work and increased demand for disciplines such as product and project management globally
In terms of deployment, the cloud segment is expected to grow at the highest CAGR of 9.3% during the forecast period. Cloud-based solutions allow companies to access data on connected devices at any time, increasing possibilities for personalization and enabling the implementation of analytical tools across multiple business channels.
In terms of end-use, the architects and builders segment is expected to grow at a promising CAGR from 2021 to 2028. This growth can be attributed to the growing demand for design skills to maximize project potential and the growing concern for necessary consents such as listed building, town planning and building regulation approvals. Additionally, architects and builders provide designs that fit clients’ budgets, help reduce costs by providing comprehensive construction information, and ensure projects are delivered on time.
In terms of region, Asia-Pacific is expected to become the fastest growing regional market due to rapidly growing economies vis-à-vis infrastructure and industrial projects. Most Asian countries such as China, Japan, India, and Singapore need a substantial amount of spending on infrastructure development, which is expected to accelerate the demand for construction and design software across the country. Asia Pacific.
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Construction and Design Software Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Construction and Design Software Market – Value Chain Analysis
3.4 Construction and Design Software Market Dynamics
3.4.1 Market Driver Analysis
3.4.2 Market Challenges Analysis
3.5 Mapping Penetration and Growth Prospects
3.6 Market analysis tools
3.6.1 Construction and Design Software Industry Analysis – Porter’s Five Forces Analysis
3.6.2 Construction and Design Software Industry Analysis – PEST Analysis
3.7 Construction and Design Software Market – COVID-19 Impact Analysis
Chapter 4 Construction and Design Software Function Outlook
4.1 Construction and design software market share by function, 2020 & 2028
4.2 Security and reporting
4.3 Project management and planning
4.4 Project design
4.5 Field Service Management
4.6 Cost accounting
4.7 Work estimate
4.8 On all auction management
Chapter 5 Construction and Design Software Deployment Outlook
5.1 Construction and design software market share by deployment, 2020 & 2028
Chapter 6 Construction and Design Software End-Use Outlook
6.1 Construction and design software market share by end use, 2020 & 2028
6.2 Architects and builders
Chapter 7 Construction and Design Software Regional Outlook
7.1 Construction and design software market share by region, 2020 & 2028
Chapter 8 Competitive Analysis
8.1 Global Key Players, Recent Developments and Their Impact on the Industry
8.2 Company categorization
8.3 Supplier Landscape
8.3.1 Construction and Design Software Market: Key Company Market Ranking/Share Analysis, 2020
Chapter 9 Competitive Landscape
For more information on this report, visit https://www.researchandmarkets.com/r/nba88p
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211213005888/en/
Laura Wood, Senior Press Officer
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