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Construction and Design Software - United States

United States

Revenue in the Construction and Design Software market is projected to reach US$5.42bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.41%, resulting in a market volume of US$5.51bn 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 demand for Construction and Design Software in the United States has been steadily increasing over the years.

Customer preferences: Customers in the United States are looking for software that can help them streamline their construction and design process. They prefer software that can integrate with other tools they use, such as project management software and building information modeling (BIM) software. Customers also value software that is easy to use and can provide accurate cost estimates.

Trends in the market: One trend in the Construction and Design Software market in the United States is the increasing use of BIM software. BIM software allows architects, engineers, and contractors to collaborate on a project in a virtual environment, reducing errors and improving efficiency. Another trend is the adoption of cloud-based software, which allows for easier collaboration and access to project data from anywhere.

Local special circumstances: The United States has a highly competitive market for Construction and Design Software, with both established companies and startups vying for market share. Additionally, the construction industry in the United States is heavily regulated, which has led to the development of software that can help companies comply with regulations and manage risk.

Underlying macroeconomic factors: The construction industry in the United States has been growing steadily, which has driven demand for Construction and Design Software. Additionally, advances in technology have made it easier and more affordable to develop software, leading to an increase in the number of companies offering Construction and Design Software. Finally, the COVID-19 pandemic has highlighted the importance of remote collaboration and access to project data, which has accelerated the adoption of cloud-based software in the 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.