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Construction and Design Software - Southern Asia

Southern Asia

Revenue in the Construction and Design Software market is projected to reach €177.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 9.03%, resulting in a market volume of €251.40m by 2028.
In global comparison, most revenue will be generated in the United States (€5,026.00m in 2024).

Key regions: Japan, South Korea, United States, Germany, France

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The demand for Construction and Design Software in Southern Asia is on the rise due to several factors.

Customer preferences: Customers in Southern Asia are increasingly looking for software solutions that offer a seamless experience in the construction and design process. They are looking for software that can help them reduce the time and cost associated with construction projects. Additionally, customers are looking for software that can provide them with accurate and detailed information about their projects.

Trends in the market: One of the major trends in the Construction and Design Software market in Southern Asia is the adoption of cloud-based software solutions. Cloud-based solutions are becoming increasingly popular as they offer several benefits such as ease of access, scalability, and cost-effectiveness. Another trend in the market is the increasing use of mobile applications for construction and design purposes. Mobile applications offer customers the flexibility to access their projects from anywhere, at any time.

Local special circumstances: Southern Asia is a region with a large population and a growing economy. This has led to an increase in the demand for construction and design software. Additionally, the region is witnessing an increase in the number of construction projects, which is further driving the demand for software solutions. However, the region is also facing challenges such as a lack of skilled labor and a shortage of resources, which is leading to an increase in the adoption of technology solutions.

Underlying macroeconomic factors: The Construction and Design Software market in Southern Asia is being driven by several macroeconomic factors. One of the major factors is the growing economy of the region. The region is witnessing a growth in GDP, which is leading to an increase in construction projects. Additionally, the region is witnessing an increase in urbanization, which is further driving the demand for construction and design software. Another factor driving the market is the increasing adoption of technology solutions in the region. The region is witnessing a growth in the number of technology startups, which is leading to an increase in the adoption of technology solutions in various sectors, including construction and design.

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.