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Construction and Design Software - Denmark

Denmark

Revenue in the Construction and Design Software market is projected to reach US$61.89m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.01%, resulting in a market volume of US$64.42m 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

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Analyst Opinion

Denmark, known for its innovative design and architecture, has a thriving Construction and Design Software market.

Customer preferences: Danish customers have a high demand for software that can help them design energy-efficient buildings and structures. They also prefer software that can provide them with real-time collaboration and project management tools.

Trends in the market: The Construction and Design Software market in Denmark is experiencing a shift towards cloud-based solutions, as more and more customers prefer the flexibility and scalability that cloud-based software can offer. Additionally, there is a growing trend towards the use of Building Information Modeling (BIM) software, which allows architects and engineers to create 3D models of buildings and structures. BIM software can provide valuable insights into the design process, such as energy efficiency and cost optimization.

Local special circumstances: Denmark has a strong focus on sustainability, and this is reflected in the country's building codes and regulations. As a result, there is a high demand for software that can help architects and engineers design sustainable buildings that meet these strict regulations. Additionally, Denmark has a strong tradition of collaboration and teamwork, and this is reflected in the demand for software that can provide real-time collaboration and project management tools.

Underlying macroeconomic factors: Denmark has a strong economy, with a high GDP per capita and low unemployment rates. This has led to a high demand for new construction projects, which in turn has driven the growth of the Construction and Design Software market. Additionally, Denmark is known for its innovative design and architecture, and this has led to a high demand for software that can help architects and engineers create cutting-edge designs. Finally, Denmark has a highly skilled workforce, with a strong focus on education and training, which has helped to drive innovation in the Construction and Design Software market.

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.