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Construction and Design Software - United Arab Emirates

United Arab Emirates

Revenue in the Construction and Design Software market is projected to reach US$29.76m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.03%, resulting in a market volume of US$31.00m 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 United Arab Emirates is experiencing significant growth in recent years.

Customer preferences: The customers in the United Arab Emirates are increasingly adopting construction and design software for their projects. The software provides them with the ability to design and manage their projects effectively. In addition, it also helps them to reduce the time and cost of the project. The customers prefer software that provides them with a user-friendly interface, easy accessibility, and compatibility with different devices.

Trends in the market: The Construction and Design Software market in United Arab Emirates is witnessing a growing trend of cloud-based solutions. The cloud-based software provides the customers with the ability to access their projects from anywhere and at any time. In addition, it also provides them with real-time collaboration with their team members and clients. The market is also witnessing a trend of BIM (Building Information Modelling) software. The BIM software provides the customers with a 3D model of their project, which helps them to visualize the project and make changes accordingly.

Local special circumstances: The United Arab Emirates is witnessing significant growth in the construction industry due to the upcoming World Expo 2020. The event has led to an increase in construction projects, which has resulted in the demand for construction and design software. In addition, the United Arab Emirates government is also investing in infrastructure projects, which has further boosted the demand for software.

Underlying macroeconomic factors: The United Arab Emirates is experiencing significant economic growth due to the diversification of its economy. The government is investing in different sectors, including construction and infrastructure, which has resulted in the growth of the Construction and Design Software market. In addition, the United Arab Emirates is also witnessing a growing trend of digitalization, which has further boosted the demand for software. The government is also promoting innovation and entrepreneurship, which has resulted in the growth of startups in the software industry.

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.