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Construction and Design Software - Sweden

Sweden

Revenue in the Construction and Design Software market is projected to reach US$92.59m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.73%, resulting in a market volume of US$99.17m 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

Sweden, known for its innovative and sustainable approach to design, is also making strides in the Construction and Design Software market.

Customer preferences: Swedish customers are increasingly demanding software that can integrate with Building Information Modeling (BIM) technology, allowing for more efficient and accurate design and construction processes. Additionally, there is a growing interest in cloud-based software solutions, allowing for greater collaboration and flexibility among project teams.

Trends in the market: The Construction and Design Software market in Sweden is experiencing significant growth, driven by the country's emphasis on sustainable design and construction practices. In particular, there is a growing demand for software that can support the design and construction of energy-efficient buildings. Additionally, there is a trend towards the use of virtual and augmented reality technology in the design process, allowing for more immersive and interactive design experiences.

Local special circumstances: Sweden's commitment to sustainability is a major factor driving the growth of the Construction and Design Software market. The country has set ambitious goals for reducing carbon emissions and improving energy efficiency, and the use of software that supports sustainable design and construction practices is seen as a key tool in achieving these goals. Additionally, Sweden's strong and stable economy provides a supportive environment for investment in new technology and innovation.

Underlying macroeconomic factors: Sweden's strong economy and commitment to sustainability are key underlying factors driving the growth of the Construction and Design Software market. Additionally, the country's highly educated workforce and strong culture of innovation provide a supportive environment for the development of new software solutions. As the demand for sustainable design and construction practices continues to grow, it is likely that the Construction and Design Software market in Sweden will continue to expand in the coming years.

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.