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Construction and Design Software - Europe

Europe

Revenue in the Construction and Design Software market is projected to reach US$2.46bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.38%, resulting in a market volume of US$2.81bn 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 Europe has been increasing steadily in recent years due to various factors.

Customer preferences: Customers in Europe are increasingly looking for software that offers advanced features such as 3D modeling, virtual reality, and augmented reality. This is because such features enable architects and engineers to create more accurate and detailed designs, thereby reducing the risk of errors during construction. Additionally, customers are also seeking software that is user-friendly and can be integrated with other tools and applications.

Trends in the market: In Germany, the Construction and Design Software market is expected to grow due to the increasing investment in infrastructure development projects. In France, the market is expected to grow due to the increasing adoption of Building Information Modeling (BIM) software by construction companies. In the UK, the market is expected to grow due to the increasing demand for eco-friendly construction practices and the rising popularity of modular construction.

Local special circumstances: In Spain, the Construction and Design Software market is expected to grow due to the increasing demand for affordable housing. In Italy, the market is expected to grow due to the increasing number of renovation projects in the country's historic buildings. In Eastern Europe, the market is expected to grow due to the increasing investment in infrastructure development projects.

Underlying macroeconomic factors: The growth in the Construction and Design Software market in Europe is also being driven by various macroeconomic factors such as increasing urbanization, rising population, and increasing investment in infrastructure development projects. Additionally, the increasing focus on sustainability and eco-friendliness is also driving the demand for Construction and Design Software that enables architects and engineers to create more energy-efficient buildings. Furthermore, the increasing adoption of BIM software by construction companies is also driving the growth of the market as it enables them to streamline their construction processes and reduce costs.

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.