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Construction and Design Software - Taiwan

Taiwan

Revenue in the Construction and Design Software market is projected to reach US$75.09m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.85%, resulting in a market volume of US$80.79m 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 Taiwan has been steadily growing in recent years due to various factors.

Customer preferences: Taiwanese customers have shown a preference for software that can improve efficiency and productivity in the construction and design industry. They are also looking for software that can provide accurate and detailed information about building materials and costs.

Trends in the market: One trend in the market is the increasing use of Building Information Modeling (BIM) software, which allows for more efficient collaboration between architects, engineers, and contractors. Another trend is the rise of cloud-based software, which provides more flexibility and accessibility for users.

Local special circumstances: Taiwan has a highly developed construction industry, with many large-scale infrastructure projects currently underway. This has created a demand for software that can handle the complexity of these projects and provide accurate cost estimates. Additionally, Taiwan has a strong technology sector, which has led to the development of innovative software solutions for the construction and design industry.

Underlying macroeconomic factors: Taiwan has a stable and growing economy, with a focus on technology and innovation. This has created a favorable environment for the development and adoption of construction and design software. Additionally, Taiwan has a highly educated workforce, which has contributed to the development of advanced software solutions. Finally, the government has been supportive of the construction industry, providing funding for infrastructure projects and encouraging the use of innovative technology.

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.