Key regions: Japan, South Korea, United States, Germany, France
The demand for Construction and Design Software in North America has been on the rise in recent years.
Customer preferences: North American customers are increasingly looking for software that offers ease of use, flexibility and compatibility with other software. There is a growing preference for cloud-based software solutions that can be accessed from anywhere and on any device. Customers are also looking for software that can help them optimize their workflow, reduce errors and improve collaboration with other stakeholders.
Trends in the market: The trend towards Building Information Modelling (BIM) is driving the growth in the Construction and Design Software market in North America. BIM is a digital representation of a building's physical and functional characteristics that can be used for design, construction, and maintenance. BIM software is becoming increasingly popular among architects, engineers, and contractors as it helps to reduce errors, improve collaboration and increase efficiency. Another trend in the market is the use of Virtual Reality (VR) and Augmented Reality (AR) in the design process. VR and AR technology allow designers and architects to create immersive experiences that can help stakeholders to visualize the final product before construction begins.
Local special circumstances: The Construction and Design Software market in North America is highly competitive with a large number of players offering a wide range of software solutions. The market is dominated by large software companies such as Autodesk, Dassault Systemes, and Bentley Systems, but there are also many smaller companies that specialize in niche areas. The market is also highly fragmented with different software solutions being used in different regions and industries.
Underlying macroeconomic factors: The growth in the Construction and Design Software market in North America is being driven by a number of underlying macroeconomic factors. The construction industry in North America is growing at a steady pace, driven by population growth, urbanization, and infrastructure development. The increasing adoption of BIM and other digital technologies is also helping to drive growth in the market. Additionally, the increasing focus on sustainability and energy efficiency is driving demand for software solutions that can help to optimize building performance.
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.
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