The Construction Design Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Construction Design Software Global Market Report 2024, The construction design software market size has grown strongly in recent years. It will grow from $9.68 billion in 2023 to $10.57 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to manual drafting and design limitations, adoption of computer-aided design (cad) software, growth of the architecture, engineering, and construction (aec) industry, complexity of modern construction projects, demand for precision and accuracy in design.
The construction design software market size is expected to see strong growth in the next few years. It will grow to $14.47 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to evolution of building information modeling (bim), improvement in hardware capabilities for design software, integration of design software with project management tools, development of mobile design applications, customization and personalization of design solutions, emphasis on user-friendly and intuitive design interfaces. Major trends in the forecast period include advances in 3d modeling and visualization technology, integration of artificial intelligence for design optimization, growth of virtual reality (vr) and augmented reality (ar) in design, advances in generative design and parametric modeling, integration of real-time data and analytics in design processes, adoption of machine learning for predictive design insights, collaboration between design software providers and sustainability experts.
Increasing demand for construction activities is expected to propel the growth of the construction design software market going forward. The construction combines various elements to create a structure for a specific location, using a detailed design and plan. Construction companies utilize design software for 3D modeling, design collaboration, cost estimation, and schedule management to improve their projects’ efficiency. For instance, in June 2021, according to the Stats NZ Tauranga Aotearoa, a New Zealand-based government data agency, building activities increased by 3.7% in March 2021. Further, in 2021, residential activities rose 4.3% compared to 2020. Additionally, according to US Census Bureau, the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, with a growth rate of 10.2%. Therefore, an increasing demand for construction activities is driving the growth of the construction design software market.
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The construction design software market covered in this report is segmented –
1) By Component: Software, Service
2) By Deployment: On-Premises, Cloud
3) By Application: Project Management And Scheduling, Project Design, Safety And Reporting, Field Service Management, Cost Accounting, Other Applications
4) By End User: Architects And Builders, Remodelers, Designers, Other End Users
Technological advancements are a key trend gaining popularity in the construction design software market. Major companies operating in the construction design software market are adopting new technologies to sustain their position in the market. For instance, in September 2021, Vectorworks Inc., a US-based software company, launched the latest version of the Vectorworks 2022 product line, offering next-generation performance and feature-rich upgrades that enable designers to develop without boundaries. The next-generation technology, 3D and building information modeling (BIM) workflows, interoperability, landscape and GIS, and entertainment design workflows are all improved in the Vectorworks 2022 product line. Additionally, the stair tool has been enhanced to allow for direct editing, which makes building complicated objects easier. A consistent interface, stronger visual signals, a new search option, and an updated formula bar with a new set of functions are all features of updates to the worksheet database and data manager that make it simpler to create focused reports, schedules, and material takeoffs.
The construction design software market report table of contents includes:
1. Executive Summary
2. Construction Design Software Market Characteristics
3. Construction Design Software Market Trends And Strategies
4. Construction Design Software Market – Macro Economic Scenario
5. Global Construction Design Software Market Size and Growth
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26. South America Construction Design Software Market
27. Brazil Construction Design Software Market
28. Middle East Construction Design Software Market
29. Africa Construction Design Software Market
30. Construction Design Software Market Competitive Landscape And Company Profiles
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