Construction And Design Software Market size is expected to reach USD 19.12 billion by 2030

 Construction And Design Software Industry Overview

The global construction and design software market size was valued at USD 9.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2022 to 2030.

The current growth of the market can be attributed to the increasing requirement for large-scale project management, usage of smart devices, and growing adoption of cloud-based solutions. The eruption of the COVID-19 pandemic caused a small degeneration in the market development because of the global termination of the functions of several construction places. Due to the pandemic, a number of construction and interior designing companies have started taking virtual tours of the spaces for which their clients are looking for a design. This helps stakeholders and investors in the construction undertakings to have a good view of the project for their interest and favors the growth of the construction and design software market.

Gather more insights about the market drivers, restrains and growth of the Global Construction And Design Software Market

The emergence of advanced technology in the construction and design industry, such as Augmented Reality (AR), Virtual Reality (VR), drones, communication tools, and business information modeling, is projected to support construction and design software demand. The integration of these technologies enables viewing of elevations and dips at construction sites before the commencement of projects which helps to increase the safety of on-site personnel. Furthermore, these technologies support health and safety in the construction sector, encouraging office personnel to fulfill social distancing norms. Conversely, the rise in trends of remote working is facilitating several engineers and architectures to utilize the current construction software for the further development of their construction models.

The increasing development of infrastructures and the growing need for better interior design and decoration is expected to boost the market growth. It allows architects to take preventive measures, thereby minimizing rebuilding and remodeling construction projects. Moreover, with the advent of 5G and the increasing power of computational devices, VR applications in interior design solutions allow graphics to become more realistic and render fast. It helps construction and design software improve productivity gain by reducing dependency on documentation and paper works, which helps businesses minimize costs related to interior designing. Moreover, the construction and design software enables architects to prepare a comprehensive floor layout, including accurate measurements of doors, windows, flooring, walls, cabinets, lighting, and furniture.

The rising trend of smart cities and new housing trends in the world enabled by digital technologies is expected to propel the market’s growth. The smart city focuses on better engagement of its citizens for eco-friendly resource utilization, social, and better relational capital while ensuring its quality and performance. Construction and design software helps in redefining the decision-making process in the construction of energy-efficient buildings and smart cities. For instance, Building Information Modelling (BIM) software such as Revit and AutoCAD, are used to visualize and manage the entire building life-cycle and test the construction digitally. Thus, people are more inclining toward the renovation and development of their houses according to the emerging trends in smart cities.

Construction and design software increases the accountability and efficiency of construction businesses by streamlining their manual processes. Additionally, it helps with scheduling jobs & estimates, job costing, project management, punch listing, cost control and assessing risks associated with construction projects. Moreover, an increase in the number of infrastructure projects, integration with lean management processes, financial visibility, successful management, and timely completion of construction projects are also expected to bolster the demand for construction and design software over the forecast period.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports

  • 5G Security Market: The global 5G security marketsize was valued at USD 1.40 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 39.6% from 2022 to 2030. 
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Key Companies Profile

Prominent players operating in the global construction and design software market include:

  • Autodesk Inc.
  • Oracle Corporation
  • Microsoft Corporation
  • Trimble Inc.
  • Constellation Software Inc.
  • SAP SE
  • Vectorworks, Inc.
  • Sage Group plc
  • BENTLEY SYSTEMS
  • RIB Software SE

Order a free sample PDF of Construction And Design Software Market Intelligence Study, published by Grand View Research.

 

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