Construction & Design Software Market by Function, Deployment, End-Use

Description

List of Tables

[199 Pages Report] The Construction & Design Software Market size was estimated at USD 10.20 billion in 2023 and expected to reach USD 11.12 billion in 2024, at a CAGR 9.18% to reach USD 18.87 billion by 2030.

Construction & design software is a comprehensive suite of digital tools and applications specifically tailored to facilitate various aspects of the engineering, architecture, and construction industry. These software solutions enable professionals in the field to streamline their workflows, enhance collaboration, improve decision-making processes, and optimize project outcomes by leveraging modern technology. With a focus on various stages of the construction lifecycle, such as conceptualization, planning, design, documentation, analysis, and management, these software programs play a critical role in bringing buildings and infrastructure projects to life efficiently and cost-effectively. The suite of solutions includes computer-aided design (CAD) tools, building information modeling (BIM) systems, project management applications, and cost estimation software. Increasing global population and urbanization driving demand for new constructions, rising demand for green buildings promoting sustainable practices, and stricter government regulations necessitating efficient compliance have been contributing to the growth of the market over the years. However, the market has faced challenges such as high initial investment costs presenting barriers to small-scale businesses with limited budgets, lack of skilled professionals inhibiting successful adoption of these systems, and data security risks associated with increased digitization. Moreover, recent technological advancements such as artificial intelligence (AI), machine learning (ML), cloud computing, and big data analytics that enhance construction software features have been presenting a lucrative future scope for the global construction & design software market.

KEY MARKET STATISTICS
Base Year [2023]	USD 10.20 billion
Estimated Year [2024]	USD 11.12 billion
Forecast Year [2030]	USD 18.87 billion
CAGR (%)	9.18%

Function: Significant benefits of project management functions while creating a project plan and facilitating its effective implementation

Construction estimation software helps calculate the material, labor, equipment, and subcontractor costs needed to complete a project. These systems use algorithms and databases to provide real-time data on pricing trends, enabling users to create precise budgets and control expenses effectively. Cost accounting is another vital function that helps firms track financial progress throughout the entire lifecycle of a project. It offers detailed insights into actual costs against budgeted amounts, enabling organizations to identify financial risks early on and make well-informed decisions about resource allocation. Field service management software enables efficient workforce management at job sites by scheduling tasks, tracking inventory, and monitoring performance. Bid management software streamlines the bidding process by automating document creation, bid analysis, vendor selection, and supplier communication. The project design software focuses on creating building plans through visualization tools such as computer-aided design (CAD) or building information modeling (BIM). Project management software streamlines workflows, resource allocation, and communication to ensure on-time project delivery. Safety and reporting software ensures compliance with regulations and maintains real-time records of safety incidents at job sites.

Deployment: Higher deployment of cloud-based solutions allowing remote access and real-time collaboration between team members

Cloud-based construction & design software solutions offer several advantages over traditional on-premise setups. The most significant benefits include ease of access, real-time collaboration capabilities, lower upfront costs, scalable infrastructure, and automatic updates. These features make cloud-based solutions particularly attractive for small to medium-sized businesses (SMBs) that require flexibility and affordability in their software investments. On-premise construction & design software is installed locally on an organization's servers or workstations rather than hosted by a third-party provider over the internet. On-premise solutions provide greater control over data security, customization capabilities, and more predictable costs over time with one-time licensing fees, full ownership of software assets, and dedicated support from vendor partners. Companies that prioritize data security and customization or have substantial financial investment capabilities prefer on-premise software solutions.

End-Use: Growing adoption of construction & design software by architects and builders requiring rich visualization tools

Architects and builders require comprehensive software solutions to efficiently model building structures, produce detailed drawings, manage materials, and collaborate with other stakeholders. Key preferences for this segment include building information modeling (BIM) capabilities, integrated project delivery tools, ease of use, and interoperability with other platforms. Designers working in interior design or landscape architecture typically prioritize visualization tools that enable the creation of engaging presentations for clients. They seek solutions that offer robust libraries of materials, textures, lighting controls, and compatibility with virtual reality technologies. The primary needs of remodelers involve the ability to quickly modify and visualize existing building structures, generate accurate material lists, and provide cost estimates.

Regional Insights

The construction & design software market in the Americas has witnessed a significant expansion over the years with rapid technological advancements, increased government spending on infrastructure projects, and robust demand from both residential and commercial sectors. Factors such as smart city initiatives and increasing adoption of building information modeling (BIM) software by architectural firms are propelling the progress of the construction & design software market in the Americas. Meanwhile, the EMEA region presents a mixed scenario, with Europe contributing majorly in terms of the adoption of construction & design software. Increased focus on sustainable building practices and green construction within European countries is fueling demand for specialized software solutions to enhance energy efficiency and reduce carbon footprint. Furthermore, several digitalization initiatives within governments' strategic plans contribute to this surge. The Middle East and Africa showcase potential opportunities for construction & design software, with emerging economies investing heavily in their construction sectors. The APAC region demonstrates the immense potential for the construction & design software market as urbanization continues to propel development activities throughout major economies such as China, India, Japan, and Australia. Rapid industrialization coupled with substantial investment in infrastructure projects is creating a favorable environment for the adoption of advanced construction technologies across the region. Additionally, government initiatives, including India's Smart City Mission and China's Belt and Road Initiative, are expected to boost demand for construction & design software solutions in the coming years.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Construction & Design Software Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Construction & Design Software Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Construction & Design Software Market, highlighting leading vendors and their innovative profiles. These include Autodesk, Inc., Bentley Systems, Incorporated, Buildertrend Solutions, Inc., Buildr, LLC, Cedreo, Computer Methods International Corp., Constellation Software Inc., Contractor Foreman, Corfix Inc., Dalux ApS, Dassault Systemes SE, DATACAD LLC, Deltek, Inc., eSUB, Inc., Fonn AS, Gary Jonas Computing Ltd., Glaass Pty Ltd., Google LLC by Alphabet Inc., Hammer Technologies USA LLC, Hexagon AB, Hilti Corporation, Houzz Inc., IMAGINiT Technologies by Rand Worldwide, Inc., JobNimbus, Inc., JobTread Software, LLC, Knowify Inc., Leap, LLC, LetsBuild Group, Microsoft Corporation, monday.com Ltd., Nemetschek SE, Oracle Corporation, Procore Technologies, Inc., Projul Inc., Raken, Inc., RedTeam Software, LLC, Sage Group plc, SAP SE, Schneider Electric SE, Siemens AG, Sika AG, Simpro, Sitemate, SiteMax Systems Inc., SOFiSTiK AG, Tensar Corporation by Commercial Metals Company, Topcon Positioning Systems, Inc., Touchplan by MOCA Systems Inc., Trimble Inc., VIATechnik LLC, and Wrench solutions (P) Ltd.

Market Segmentation & Coverage

This research report categorizes the Construction & Design Software Market to forecast the revenues and analyze trends in each of the following sub-markets:

Function
- Construction Estimation
- Cost Accounting
- Field Service Management
- On-Across Bid Management
- Project Design
- Project Management & Scheduling
- Safety & Reporting

Deployment
- Cloud
- On-Premise

End-Use
- Architects & Builders
- Designers
- Remodelers

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Construction & Design Software Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Construction & Design Software Market?

3. What are the technology trends and regulatory frameworks in the Construction & Design Software Market?

4. What is the market share of the leading vendors in the Construction & Design Software Market?

5. Which modes and strategic moves are suitable for entering the Construction & Design Software Market?

Product Code: MRR-8C74ADFBFB50

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Adoption of automated tools for construction project planning and design improvements in building interiors & exteriors
  - 5.1.1.2. Ongoing construction and infrastructure activities across the globe
- 5.1.2. Restraints
  - 5.1.2.1. High upfront cost and inaccuracy issues associated with the use of construction & design software
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of next-generation technologies such as AR/VR and 3D modeling
  - 5.1.3.2. Inclination toward the development of smart cities all over the world
- 5.1.4. Challenges
  - 5.1.4.1. Data privacy concerns and integration complexities
5.2. Market Segmentation Analysis
- 5.2.1. Function: Significant benefits of project management functions while creating a project plan and facilitating its effective implementation
- 5.2.2. Deployment: Higher deployment of cloud-based solutions allowing remote access and real-time collaboration between team members
- 5.2.3. End-Use: Growing adoption of construction & design software by architects and builders requiring rich visualization tools
5.3. Market Trend Analysis
- 5.3.1. Increasing spending on infrastructure development with robust foothold of construction & design software vendors in the Americas region
- 5.3.2. Rising construction activities and significant government investment in improving public infrastructure in the Asia-Pacific
- 5.3.3. Emphasis on the development of sustainable building infrastructures and deployment of breakthrough construction & design solutions in the EMEA
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Construction & Design Software Market, by Function

6.1. Introduction
6.2. Construction Estimation
6.3. Cost Accounting
6.4. Field Service Management
6.5. On-Across Bid Management
6.6. Project Design
6.7. Project Management & Scheduling
6.8. Safety & Reporting

7. Construction & Design Software Market, by Deployment

7.1. Introduction
7.2. Cloud
7.3. On-Premise

8. Construction & Design Software Market, by End-Use

8.1. Introduction
8.2. Architects & Builders
8.3. Designers
8.4. Remodelers

9. Americas Construction & Design Software Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Construction & Design Software Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Construction & Design Software Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Autodesk Signs Definitive Agreement to Acquire FlexSim
- 12.3.2. AVEVA Announces Strategic Partnership with Work Packs to Boost Construction Industry Productivity
- 12.3.3. Deltek Announces Expanded Partnership with Procore to Elevate Construction Management
- 12.3.4. TrueBuilt Closes USD 4 Million in Seed Round
- 12.3.5. iCapital Launches New Portfolio Construction Tool
- 12.3.6. Construction Management Software BuildOps Raises USD 50 Million
- 12.3.7. Sage Streamlines Workflows for SMBs in Construction Industry with Corecon Acquisition
- 12.3.8. Topcon Launches Easy-to-Use Digital Layout Software for Fast-Paced Building Construction Industry
- 12.3.9. Topcon Acquires Digital Construction Works
- 12.3.10. Adyen and Buildertrend Partner to Bring Embedded Finance to Construction Businesses
- 12.3.11. Hexagon Strengthens its Construction Software Offering for Asset Owners with the Acquisition of Projectmates
- 12.3.12. Software Firm Beti Raises USD 11 Million, Eyes US Expansion
- 12.3.13. Trimble Acquires B2W Software to Expand its Civil Construction Portfolio
- 12.3.14. GRAITEC Confirms its International Expansion with the Acquisition of Applied Software

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio