Summary

Global Construction and Design Software Market is expected to grow at a significant rate of around 7% during the forecast period. The construction and software help organizations in design coordination, construction coordination, document management, budget management, communication, and decision-making. It aids in the deployment of new projects by incorporating specific business requirements.

Due to the expanding infrastructure activities, prompt completion of building tasks, integration with lean management processes, successful management, and financial visibility, the need for construction & design software would experience promising growth during the forecast period. Furthermore, the growing number of smart city initiatives are also contributing to the growth of the construction and design software market. A smart city deploys several electronic methods, sensors, and voice activation methods to obtain particular data the smart city focuses on the better engagement of its citizens for eco-friendly resource utilization construction and design software helps in ensuring the quality and performance of these devices. Moreover, construction and design software help in redefining the decision-making process in the construction of energy-efficient buildings and smart cities.

Bentley Systems, Vector works, Inc, Constellation Software Inc., Microsoft, Autodesk Inc, RIB Software SE, Sage Group plc, SAP, Trimble Inc., and Oracle Corporation. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst function, project management category accounted for the majority share in the market in 2021”
Based on function, the market is segmented into safety & reporting, project management, project design, and others. The project management segment achieved the highest market share and is expected to maintain a similar trend throughout the forecast period. The increasing demand to control and manage project activities such as allocating resources, reducing time delays, and tracking project progress is the major factor driving the demand for project management & scheduling globally.

“Amongst deployment, Cloud is expected to witness highest CAGR during the forecast period”
Based on deployment, the market is segmented into on-premises and cloud. During the forecast period, the cloud segment is expected to growth with a significant CAGR and is expected to maintain a similar trend throughout the forecast period. Due to the expanding infrastructure activities, prompt completion of building tasks, integration with lean management processes, successful management, and financial visibility, the need for construction & design software would experience promising futures. Furthermore, cloud solutions are easier to deploy and cost-effective.

“North America to witness significant growth during the forecast period”
North American regional market to witness significant growth during the forecast period. 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. For instance, 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.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global construction and design software market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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