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Construction and Design Software - Ireland

Ireland

Revenue in the Construction and Design Software market is projected to reach US$23.98m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.75%, resulting in a market volume of US$26.73m 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 Ireland has been experiencing steady growth over the past few years.

Customer preferences: Customers in Ireland are increasingly looking for software solutions that can help them streamline their construction and design processes. This includes software that can help with project management, 3D modeling, and collaboration. Additionally, customers are looking for software that is easy to use and can integrate with other tools they may already be using.

Trends in the market: One of the major trends in the Construction and Design Software market in Ireland is the shift towards cloud-based solutions. Cloud-based software allows for greater flexibility and collaboration, which is becoming increasingly important in the construction industry. Another trend is the use of Building Information Modeling (BIM) software, which allows for more accurate and efficient building design and construction.

Local special circumstances: Ireland has a strong construction industry, with many large-scale projects underway. This has created a demand for software solutions that can help manage these projects more efficiently. Additionally, the Irish government has mandated the use of BIM on all publicly-funded projects, which has further increased the demand for BIM software.

Underlying macroeconomic factors: The Irish economy has been growing steadily in recent years, which has led to an increase in construction activity. Additionally, the government has been investing heavily in infrastructure projects, which has further boosted the construction industry. These underlying macroeconomic factors have created a favorable environment for the growth of the Construction and Design Software market in Ireland.

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.