Construction and Design Software Market: Current Analysis and Forecast (2022-2028)

Construction and Design Software Market: Current Analysis and Forecast (2022-2028)

Construction and design software refers to a type of computer software that is used to help architects, engineers, construction professionals, and other design-build professionals in the planning, design, construction, and management of buildings, structures, and other physical facilities. These software programs can assist with tasks such as creating 3D models, generating building plans and elevations, calculating material and labor costs, and tracking project progress. Examples of construction and design software include AutoCAD, Revit, SketchUp, and Procore.

The market growth is expected to be driven by the growing infrastructure development and the need for better interior design and decoration. This will enable architects to take preventive measures and reduce the need for rebuilding and remodeling. The advancements in 5G technology and computational devices have also made it possible for VR applications in interior design solutions to become more realistic and faster. This is improving productivity in construction and design software by reducing the need for documentation and paper work, thereby lowering costs related to interior design. Additionally, construction and design software allows architects to create a complete floor layout with accurate measurements for various elements such as doors, windows, flooring, walls, cabinets, lighting, and furniture.

• Based on function, the construction and design software market is segmented into, safety & reporting, project management, project design, and others. The project management segment held a significant share in 2020. The main driver of the demand for project management software is the rising requirement to monitor and manage project operations like allocating resources, reducing time delays, and tracking project progress.
• Based on deployment, the market is segmented into on-premises and cloud. The cloud segment is estimated to grow significantly during the forecast period. The growth of the cloud segment is mainly governed by factors, such as easy deployment, flexibility, and cost-effective pricing structure. Furthermore, the cloud enables project managers to synchronize and connect with multiple teams to get real-time information across the project sites. It has become the most preferred way to deploy construction and design software and is predicted to maintain its growth over the forecast period.
• Based on end-users, the market is segmented into architects & builders, remodelers, designers, and others. The architects & builders segment is expected to grow significantly during the forecast period. The segment growth can be attributed to the rising demand for design proficiency, to take advantage of the project perspective like scheduled building, development, and building parameter endorsement. The hike in the number of infrastructural projects and the increased popularity of BIM as a tool helps remodelers, architects, and designers to plan, design, and manage building projects in an effective manner. These factors are collectively responsible for the growth of the segment.
• For a better understanding of the market adoption of the construction and design software industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The North American regional market dominated the construction and design software market in 2021. The regional growth can be attributed to the large-scale adoption of digital systems in the infrastructure domain and BIM by engineers, designers, architects, and builders. Furthermore, the role of governments in promoting the use of technology for the superior quality of construction projects benefits the market in the region. Also, the U.S. government announced a funding package worth USD 2 trillion, With this initiative, it is expected to boost the market growth, and subsequently increase the demand for construction and design software in the region.
• Major companies in the industry are BENTLEY SYSTEMS, Vector works, Inc, Constellation Software Inc., Microsoft, Autodesk Inc, RIB Software SE, Sage Group plc, SAP, Trimble Inc., Oracle Corporation.