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Construction and Design Software - Jordan

Jordan

Revenue in the Construction and Design Software market is projected to reach US$3.47m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.77%, resulting in a market volume of US$3.87m 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 Jordan has been experiencing steady growth in recent years.

Customer preferences: The demand for Construction and Design Software in Jordan is driven by the need for efficient and accurate planning, design, and construction processes. Customers in the construction industry are increasingly looking for software solutions that can streamline their workflows, reduce errors, and improve collaboration between teams.

Trends in the market: One trend that has been observed in the Jordanian Construction and Design Software market is the increasing adoption of cloud-based solutions. Cloud-based software offers several advantages over traditional on-premise solutions, including lower costs, easier scalability, and improved accessibility. Another trend is the growing popularity of Building Information Modeling (BIM) software, which allows for more accurate and detailed 3D modeling of buildings and structures.

Local special circumstances: Jordan has a growing construction industry, with several large-scale infrastructure projects currently underway. This has created a significant demand for Construction and Design Software, as companies seek to improve their efficiency and competitiveness in the market. Additionally, Jordan has a relatively young population, with a high proportion of tech-savvy individuals who are comfortable with using digital tools and software.

Underlying macroeconomic factors: Jordan has a relatively stable economy, with a strong focus on developing its infrastructure and construction sectors. The government has implemented several initiatives to support the growth of these industries, including tax incentives and streamlined regulatory processes. Furthermore, Jordan has a strategic location in the Middle East, which makes it an attractive destination for foreign investors and companies looking to expand their operations in the region. These factors have helped to create a favorable environment for the growth of the Construction and Design Software market in Jordan.

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.