Construction Design Software Market Insights, Outlook And Demand 2024-2033

Global construction design software market size is expected to reach $14.47 Bn by 2028 at a rate of 8.2%, segmented as by component, software, service

Jul 4, 2024 - 12:28

Construction Design Software Market Insights, Outlook And Demand 2024-2033

Overview and Scope

Construction design software refers to a category of computer programs specifically designed to aid architects, engineers, and other construction professionals in creating, visualizing, and analyzing detailed designs for buildings, infrastructure, and other construction projects.

Sizing and Forecast

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.

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Segmentation & Regional Insights

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

Asia Pacific was the largest region in the construction design software market in 2023. The regions covered in the construction design software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

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.

Key Industry Players

Major companies operating in the construction design software market report are Oracle Corporation, Schneider Electric Industries SAS, SAP SE, Dassault Systemes S.A, Autodesk Inc., Trimble Inc, Sage Group Plc., PTC Inc., Xero Ltd, Bentley Systems Inc., Procore Technologies Inc., Odoo SA, RIB Software SE, Graphisoft SE, CMiC, Fieldwire, Vectorworks Inc., Buildertrend, Constellation HomeBuilder Systems, e-Builder Inc., Rhino, Chief Architect Inc., Act-3D B.V., Lumion, Adeaca Corp, Contractor Foreman.

The construction design software market report table of contents includes: