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Construction and Design Software - Asia

Asia

Revenue in the Construction and Design Software market is projected to reach US$1.87bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.91%, resulting in a market volume of US$2.18bn by 2028.
In global comparison, most revenue will be generated in the United States (US$5,420.00m in 2024).

Key regions: Japan, South Korea, United States, Germany, France

Market

Region

Region comparison

Currency

Analyst Opinion

The demand for Construction and Design Software in Asia has been on the rise in recent years.

Customer preferences: Customers in Asia have been increasingly demanding software that can help them automate construction processes, reduce costs, and improve efficiency. They are looking for software that can help them design and visualize their projects, manage resources, and collaborate with team members.

Trends in the market: China is the largest market for Construction and Design Software in Asia. The country has been investing heavily in infrastructure projects, which has driven the demand for software that can help manage these projects. India is also a growing market for Construction and Design Software, driven by the government's focus on developing smart cities.

Local special circumstances: In Japan, the demand for Construction and Design Software has been driven by the need to rebuild after natural disasters such as earthquakes and typhoons. In Southeast Asia, the demand for software has been driven by the region's rapid urbanization and the need to build new infrastructure to support economic growth.

Underlying macroeconomic factors: Asia's growing population and rapid urbanization have been driving the demand for Construction and Design Software. The region's economies have been growing rapidly, and governments have been investing heavily in infrastructure projects to support this growth. The rise of smart cities and sustainable development has also been driving the demand for software that can help manage these projects. Additionally, the increasing use of Building Information Modeling (BIM) has been driving the demand for software that can support this 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.