Construction and Design Software Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Function ; By Deployment Mode ; By End Use ; By Region

Description

Global Construction and Design Software Market Size Expands at Impressive CAGR of 9.3% to Touch USD 16.1 Billion by 2029

The global construction and design software market is flourishing because of an increasing number of infrastructure development projects and high adoption of cloud-based solutions.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global construction and design software market size at USD 9.45 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global construction and design software market size to grow at a significant CAGR of 9.3% reaching a value of USD 16.1 billion by 2029. Major growth drivers for global construction and design software market include increasing investments in infrastructure development projects, rising preference for cloud-based software solutions, and a surging demand for mobile and web-based applications. The market is also influenced by various trends, such as the use of advanced technologies like AI and machine learning (ML), the rise of virtual and augmented reality tools, and the adoption of BIM for construction projects. The need for sophisticated tools and technologies to optimize construction and design processes, increase project efficiency and productivity, and lower costs and risks is expected to propel the expansion of the global construction and design software market during the forecast period. However, high costs are anticipated to restrain the growth of the global construction and design software market.

Global Construction and Design Software Market - Overview:

The construction and design software market refers to the industry that provides software solutions and services for various segments of the construction and design industry, including architectural design, engineering, project management, building information modeling (BIM), and construction estimation. The software solutions and services offered in this market aim to streamline construction and design processes, improve project efficiency and productivity, and reduce costs and risks. The market includes a wide range of software solutions such as 3D modeling software, project management software, CAD software, BIM software, and simulation software, among others. The construction and design software market is driven by increasing investments in infrastructure development projects, rising adoption of cloud-based software solutions, and a growing demand for mobile and web-based applications. The market is constantly evolving with new technological advancements and innovations, which is driving the demand for software solutions that cater to the changing needs of the construction and design industry.

Impact of COVID-19 on Global Construction and Design Software Market

COVID-19 pandemic had a positive impact on the global construction and design software market. The pandemic accelerated the adoption of software solutions as companies have had to adapt to remote work and new safety protocols. One of the key impacts of COVID-19 has been the shift to remote work. With many construction and design professionals working from home, there has been an increased demand for cloud-based software solutions that enable remote collaboration and access to data and applications. This has driven the adoption of cloud-based solutions in the construction and design software market. Also, the pandemic also led to new safety protocols and social distancing requirements on job sites, which increased the demand for software solutions that can help manage and track these protocols.

Global Construction and Design Software Market - By Deployment Mode:

Based on deployment mode, the global construction and design software market is bifurcated into Cloud and On-Premises segments. The cloud segment held a higher market share. Cloud-based solutions allow for the outsourcing of IT tasks, resulting in better work efficiency. Project managers can synchronize and connect with multiple teams to obtain real-time information from project sites, making it the most preferred method for deploying construction and design software. This dominance is expected to persist throughout the forecast period, with several large enterprises, such as Oracle Corporation and Sage Group, offering construction and design software via the cloud. The cloud deployment mode increases system performance and cost-efficiency, while using data to streamline processes, thereby promoting productivity. These benefits will drive segment growth. Meanwhile, the on-premises segment is expected to grow during the forecast period due to increasing complexity in real-time collaboration among project stakeholders, large upfront capital investments, and higher storage requirements. The on-premises deployment mode provides data security for construction projects and offers organizations functionalities, such as construction estimation, project management, scheduling, and task automation through a single dashboard, all of which will contribute to the segment's growth during the forecast period.

Competitive Landscape:

Major players operating in the global construction and design software market include: Autodesk Inc., Oracle Corporation, Microsoft Corporation, Trimble Inc., Constellation Software Inc., SAP SE, Vectorworks, Inc., Sage Group plc, BENTLEY SYSTEMS, RIB Software SE, Aconex, Hexagon AB, and Asite. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Construction and Design Software Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Construction and Design Software Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23414

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Construction and Design Software Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Growing Adoption of Cloud-Based Solutions
  - 3.2.1.2. The Increasing Development of Infrastructures
- 3.2.2. Restraints
  - 3.2.2.1. High Cost Involved
- 3.2.3. Opportunities
  - 3.2.3.1. Growing Need for Better Interior Design and Decoration
- 3.2.4. Challenges
  - 3.2.4.1. Data Security
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Construction and Design Software Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
- 4.2.1. By Function
  - 4.2.1.1. Safety & Reporting
  - 4.2.1.2. Project Management & Scheduling
  - 4.2.1.3. Project Design
  - 4.2.1.4. Field Service Management
  - 4.2.1.5. Cost Accounting
  - 4.2.1.6. Construction Estimation
  - 4.2.1.7. On-across Bid Management
  - 4.2.1.8. Others (Asset Management and Building System Analysis)
- 4.2.2. By Deployment Mode
  - 4.2.2.1. Cloud
  - 4.2.2.2. On-Premises
- 4.2.3. By End Use
  - 4.2.3.1. Architects & Builders
  - 4.2.3.2. Remodelers
  - 4.2.3.3. Designers
  - 4.2.3.4. Others (including Consultants, Facility Managers, and Automatic Exposure Control (AEC) Professionals)
- 4.2.4. By Region
  - 4.2.4.1. North America
  - 4.2.4.2. Europe
  - 4.2.4.3. Asia Pacific (APAC)
  - 4.2.4.4. Latin America (LATAM)
  - 4.2.4.5. Middle East and Africa (MEA)

5. North America Construction and Design Software Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
- 5.2.1. By Function
- 5.2.2. By Deployment Mode
- 5.2.3. By End Use
- 5.2.4. By Country
  - 5.2.4.1. United States
  - 5.2.4.1.1. By Function
  - 5.2.4.1.2. By Deployment Mode
  - 5.2.4.1.3. By End Use
  - 5.2.4.2. Canada
  - 5.2.4.2.1. By Function
  - 5.2.4.2.2. By Deployment Mode
  - 5.2.4.2.3. By End Use

6. Europe Construction and Design Software Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Function
- 6.2.2. By Deployment Mode
- 6.2.3. By End Use
- 6.2.4. By Country
  - 6.2.4.1. Germany
  - 6.2.4.1.1. By Function
  - 6.2.4.1.2. By Deployment Mode
  - 6.2.4.1.3. By End Use
  - 6.2.4.2. United Kingdom
  - 6.2.4.2.1. By Function
  - 6.2.4.2.2. By Deployment Mode
  - 6.2.4.2.3. By End Use
  - 6.2.4.3. Italy
  - 6.2.4.3.1. By Function
  - 6.2.4.3.2. By Deployment Mode
  - 6.2.4.3.3. By End Use
  - 6.2.4.4. France
  - 6.2.4.4.1. By Function
  - 6.2.4.4.2. By Deployment Mode
  - 6.2.4.4.3. By End Use
  - 6.2.4.5. Spain
  - 6.2.4.5.1. By Function
  - 6.2.4.5.2. By Deployment Mode
  - 6.2.4.5.3. By End Use
  - 6.2.4.6. Belgium
  - 6.2.4.6.1. By Function
  - 6.2.4.6.2. By Deployment Mode
  - 6.2.4.6.3. By End Use
  - 6.2.4.7. Russia
  - 6.2.4.7.1. By Function
  - 6.2.4.7.2. By Deployment Mode
  - 6.2.4.7.3. By End Use
  - 6.2.4.8. The Netherlands
  - 6.2.4.8.1. By Function
  - 6.2.4.8.2. By Deployment Mode
  - 6.2.4.8.3. By End Use
  - 6.2.4.9. Rest of Europe
  - 6.2.4.9.1. By Function
  - 6.2.4.9.2. By Deployment Mode
  - 6.2.4.9.3. By End Use

7. Asia-Pacific Construction and Design Software Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Function
- 7.2.2. By Deployment Mode
- 7.2.3. By End Use
- 7.2.4. By Country
  - 7.2.4.1. China
  - 7.2.4.1.1. By Function
  - 7.2.4.1.2. By Deployment Mode
  - 7.2.4.1.3. By End Use
  - 7.2.4.2. India
  - 7.2.4.2.1. By Function
  - 7.2.4.2.2. By Deployment Mode
  - 7.2.4.2.3. By End Use
  - 7.2.4.3. Japan
  - 7.2.4.3.1. By Function
  - 7.2.4.3.2. By Deployment Mode
  - 7.2.4.3.3. By End Use
  - 7.2.4.4. South Korea
  - 7.2.4.4.1. By Function
  - 7.2.4.4.2. By Deployment Mode
  - 7.2.4.4.3. By End Use
  - 7.2.4.5. Australia & New Zealand
  - 7.2.4.5.1. By Function
  - 7.2.4.5.2. By Deployment Mode
  - 7.2.4.5.3. By End Use
  - 7.2.4.6. Indonesia
  - 7.2.4.6.1. By Function
  - 7.2.4.6.2. By Deployment Mode
  - 7.2.4.6.3. By End Use
  - 7.2.4.7. Malaysia
  - 7.2.4.7.1. By Function
  - 7.2.4.7.2. By Deployment Mode
  - 7.2.4.7.3. By End Use
  - 7.2.4.8. Singapore
  - 7.2.4.8.1. By Function
  - 7.2.4.8.2. By Deployment Mode
  - 7.2.4.8.3. By End Use
  - 7.2.4.9. Vietnam
  - 7.2.4.9.1. By Function
  - 7.2.4.9.2. By Deployment Mode
  - 7.2.4.9.3. By End Use
  - 7.2.4.10. Rest of APAC
  - 7.2.4.10.1. By Function
  - 7.2.4.10.2. By Deployment Mode
  - 7.2.4.10.3. By End Use

8. Latin America Construction and Design Software Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Function
- 8.2.2. By Deployment Mode
- 8.2.3. By End Use
- 8.2.4. By Country
  - 8.2.4.1. Brazil
  - 8.2.4.1.1. By Function
  - 8.2.4.1.2. By Deployment Mode
  - 8.2.4.1.3. By End Use
  - 8.2.4.2. Mexico
  - 8.2.4.2.1. By Function
  - 8.2.4.2.2. By Deployment Mode
  - 8.2.4.2.3. By End Use
  - 8.2.4.3. Argentina
  - 8.2.4.3.1. By Function
  - 8.2.4.3.2. By Deployment Mode
  - 8.2.4.3.3. By End Use
  - 8.2.4.4. Peru
  - 8.2.4.4.1. By Function
  - 8.2.4.4.2. By Deployment Mode
  - 8.2.4.4.3. By End Use
  - 8.2.4.5. Rest of LATAM
  - 8.2.4.5.1. By Function
  - 8.2.4.5.2. By Deployment Mode
  - 8.2.4.5.3. By End Use

9. Middle East & Africa Construction and Design Software Market

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Function
- 9.2.2. By Deployment Mode
- 9.2.3. By End Use
- 9.2.4. By Country
  - 9.2.4.1. Saudi Arabia
  - 9.2.4.1.1. By Function
  - 9.2.4.1.2. By Deployment Mode
  - 9.2.4.1.3. By End Use
  - 9.2.4.2. UAE
  - 9.2.4.2.1. By Function
  - 9.2.4.2.2. By Deployment Mode
  - 9.2.4.2.3. By End Use
  - 9.2.4.3. Qatar
  - 9.2.4.3.1. By Function
  - 9.2.4.3.2. By Deployment Mode
  - 9.2.4.3.3. By End Use
  - 9.2.4.4. Kuwait
  - 9.2.4.4.1. By Function
  - 9.2.4.4.2. By Deployment Mode
  - 9.2.4.4.3. By End Use
  - 9.2.4.5. South Africa
  - 9.2.4.5.1. By Function
  - 9.2.4.5.2. By Deployment Mode
  - 9.2.4.5.3. By End Use
  - 9.2.4.6. Nigeria
  - 9.2.4.6.1. By Function
  - 9.2.4.6.2. By Deployment Mode
  - 9.2.4.6.3. By End Use
  - 9.2.4.7. Algeria
  - 9.2.4.7.1. By Function
  - 9.2.4.7.2. By Deployment Mode
  - 9.2.4.7.3. By End Use
  - 9.2.4.8. Rest of MEA
  - 9.2.4.8.1. By Function
  - 9.2.4.8.2. By Deployment Mode
  - 9.2.4.8.3. By End Use

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Construction and Design Software Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global Construction and Design Software Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. Autodesk Inc.
12.2. Oracle Corporation
12.3. Microsoft Corporation
12.4. Trimble Inc.
12.5. Constellation Software Inc.
12.6. SAP SE
12.7. Vectorworks, Inc.
12.8. Sage Group plc
12.9. BENTLEY SYSTEMS
12.10. RIB Software SE
12.11. Aconex
12.12. Hexagon AB
12.13. Asite
12.14. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations