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Construction and Design Software - Brazil

Brazil

Revenue in the Construction and Design Software market is projected to reach US$146.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.17%, resulting in a market volume of US$160.10m 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

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Analyst Opinion

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

Customer preferences: Brazilian customers are increasingly looking for software that can provide them with more efficient and cost-effective ways to manage their construction and design projects. They are also looking for software that is easy to use and can integrate with other tools they use in their work.

Trends in the market: One major trend in the Brazilian Construction and Design Software market is the increasing use of cloud-based software. This trend is driven by the need for more flexible and scalable software solutions that can be accessed from anywhere. Another trend is the growing demand for Building Information Modeling (BIM) software, which allows for more accurate and detailed project planning and management.

Local special circumstances: Brazil has a large and growing construction industry, which is a major driver of demand for Construction and Design Software. The country is also home to many innovative startups and technology companies that are developing new software solutions for the industry.

Underlying macroeconomic factors: The Brazilian economy has been recovering from a recession in recent years, which has led to increased investment in infrastructure and construction projects. This has created a favorable environment for the growth of the Construction and Design Software market. Additionally, Brazil has a large and growing population of young, tech-savvy professionals who are driving innovation and adoption of new technologies in the industry.

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.