Construction Design Software Market Opportunities 2031
[Research Report] The Construction Design Software Market size is expected to grow from US$ 9.62 billion in 2022 to US$ 17.94 billion by 2031; it is estimated to grow at a CAGR of 8.1% from 2022 to 2031.
Analyst Perspective:
The construction design software market has witnessed significant growth in recent years, driven by growing investment in smart city projects in countries like India, Germany, Japan, France, Singapore, Norway, and the Netherlands, among others. Significant benefits provided by construction design software such as detailed & quick designing, maintaining accuracy & precision, and efficiency in making sketches, are fueling the market shortly. The software is used to change aspects of a design and correct mistakes easily without using paper and pencils. The growing adoption of construction design software among consumers over manual designing methods, providing more efficiency to the user is driving the market. The software also helps professionals to make drawings more quickly with more details by maintaining accuracy and precision. The significant benefits of using construction design software over hand-drawing blueprints or diagrams are driving the market growth. Ongoing expansion of the real estate industry and rapid construction of high-rise buildings are creating opportunities in the market. The development of existing infrastructure is fueling the global construction design software market.
Market Overview:
Construction design software, also known as construction drawing software, is a set of programs or systems of programs used to design construction projects. Professionals in the construction industry use the software for designing or planning new constructions such as buildings, homes, remodels, and others. Construction design software is designed to help engineers, architects, and other building professionals plan every aspect of their projects.
Construction design software involves 3D, architectural CAD tools, and drawing tools for preparing construction plans. The software is in-build with a variety of features that support users to create professional-grade designs easily. Most of the programs allow users to draw walls, doors, roofs, windows, beams, stairs, and other components. The software also includes tools that measure distances between points on the plan or draw accurate angles. Some construction design software even has 3D rendering capabilities that allow users to see and get a realistic image of the project they are working on. Significant benefits offered by construction design software are driving the market during the forecast period. The software helps the user in creating detailed construction plans for structures, buildings, and other construction projects.
Moreover, construction design software is also used by DIY enthusiasts to develop their construction plans. The software also includes diagrams used for installing electrical or plumbing systems and blueprints for the structure itself. The software also helps in mapping out the landscaping and other aesthetic aspects of the construction projects, increasing its demand among professionals in the construction industry. Thus, boosting the market during the forecast period.
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Construction Design Software Market: Strategic Insights
Market Size Value in US$ 9.62 billion in 2022 Market Size Value by US$ 17.94 billion by 2030 Growth rate CAGR of 8.1% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Construction Design Software Market: Strategic Insights
| Market Size Value in | US$ 9.62 billion in 2022 |
| Market Size Value by | US$ 17.94 billion by 2030 |
| Growth rate | CAGR of 8.1% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Market Driver:
Growing Construction of Megaprojects is Driving the Market
The growing construction of mega projects is boosting the market. For instance, Koch Real Estate Investments and Fontainebleau Development is planning to invest US$ 2.2 billion in constructing a Fontainebleau Las Vegas luxury resort and casino in Las Vegas, US. This mega project includes the construction of the 67-storey hotel, meeting, gaming, and entertainment complex, already started in 2007 and is expected to be completed by the end of 2023. The construction of an infrastructure combines various elements to create a structure for a specific location, which increases the demand for construction design software for making detailed designs and plans before constructing an infrastructure. Construction companies utilize design software for 3D modeling, design collaboration, schedule management, and cost estimation to improve projects' efficiency. For instance, in June 2021, according to the Stats NZ Tauranga Aotearoa, a New Zealand-based government data agency, building activities increased by 3.7% in March 2021. Further, in 2021, residential activities rose 4.3% compared to 2021. Additionally, according to the US Census Bureau, the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, with a growth rate of 10.2%. Therefore, an increasing demand for construction activities is driving the growth of the construction design software market.
Increasing demand for construction activities across the globe is propelling the construction design software market growth during the forecast period. In a global scenario, the construction industry's growth is maximum in the US, the UK, Canada, China, and India. The majority of the construction is inclined toward the technology sector and healthcare sector. The US stands at the forefront and dominates the construction ecosystem; however, Europe and Asia's growth scenario reflects tremendous growth. The availability of easy funding and the demand for advanced technology results in a rise in the number of construction projects in these regions. From the Asia perspective, China and India account for the majority share in terms of construction. China has witnessed substantial growth in the number of construction projects recently due to the urban areas and roads' growth. The rising number of construction projects in the country generates significant demand for construction design software. These factors are driving the development of the construction design software market during the forecast period.
Segmental Analysis:
Based on deployment, the global construction design software market is segmented into on-premises and cloud. The cloud segment is anticipated to expand in the near future, due to the growing adoption of cloud-based software among professionals in the construction industry. Cloud technology offers significant advantages to professionals in the construction industry for designing sketches of infrastructure. Cloud-based software provides significant benefits to the users such as data sharing, real-time collaboration, and provide access to project information from anywhere with any device via an internet connection. The need for enhanced flexibility, scalability, and remote work capabilities drives this trend. Cloud solutions eliminate the need for on-premises infrastructure, reduce upfront costs, and provide seamless software updates & maintenance.
Regional Analysis:
The market in Asia Pacific is expected to dominate in the near future owing to a growing number of construction projects. For instance, according to the Philippine Statistics Authority, the Philippines constructed a total of 41,558 buildings including residential (28,421), non-residential (8,818), additional buildings (1,356), and repair and alteration of buildings (2,963) constructed in the 1Q of 2023. Moreover, the government of the Philippines has invested US$ 1.57 billion to increase construction activities in the country to drive the market. The rising population in China and India is raising the demand for commercial and residential infrastructure. Currently, China is witnessing various construction projects. For instance, in Q1 of 2022, a project for the construction of a 56km metro railway line in Foshan, Guangdong, has started, which is expected to be completed in 2031. Similarly, the construction project of a 28km metro rail line between Dongjing Road Station and Chuansha Road Station in Shanghai has begun in Q1 2022. It is expected to be completed by the end of 2031. Thus, growing construction projects are fueling the growth of the region's construction design software market.
Countries like China, India, and Malaysia have increased their investments in their commercial sectors. For instance, according to Kotak Mahindra Bank Limited, in March 2022, the office space occupied in metro areas has doubled from 5.43 million to 11.55 million square feet, representing a tremendous pace for growth in India. The country is likely to receive an international investment of 1 billion in Grade-A office space as rental property by 2031. The growth in the commercial spaces is creating opportunities in the market during the forecast.
Key Player Analysis:
The construction design software market analysis consists of players such as Autodesk, Inc., Bentley Systems, Incorporated, Oracle Corp, SAP SE, Trimble Inc., Dassault Systèmes, Computer Methods International Corp., Microsoft, Constellation HomeBuilder Systems, and Sage Group plc, among the key construction design software market players profiled in the report.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the construction design software market. A few recent key market developments are listed below:
- In November 2023, Autodesk, Inc. launched Autodesk AI, a technology that helps solve problems, unlocks creativity, and eliminates non-productive work across the industries that engage in construction designs. Autodesk AI is a design and make platform that provides intelligent assistance and generative capabilities that allow customers to freely explore and imagine designs while producing precise, accurate, and innovative results.
- In November 2023, Autodesk, Inc. collaborated with Phoenix Ironworks Steel Factory to deploy AI-powered and climate-friendly solutions. Autodesk’s AI-based Design and Make Platform helps in connecting teams and their project data from design to construction.
- In March 2023, PKPM partnered with Arup Group Limited to launch PKPM-AID (Arup Intelligent Design) in Beijing, China. PKPM-AID is AI-enhanced powerful software that identifies the ‘fittest’ design efficiently. It is the first commercial intelligent structural design software for the construction industry in China.
- In January 2023, Hexagon AB acquired Projectmates to expand Hexagon's capabilities in delivering comprehensive solutions for construction project management by strengthening its market position.
- In July 2022, Oracle Corp introduced Oracle Construction Intelligence Cloud Analytics to provide a comprehensive understanding of operational performance to owners and contractors. Oracle Construction Intelligence Cloud Analytics combined data from Oracle Smart Construction Platform for driving continuous improvement across project planning, asset operation, and construction.
- In February 2022, Trimble Inc. launched a next-generation roadwork 3D paving control platform for Asphalt Compactors. The platform is an accurate, automatic 3D screen control system that is used to reference the design over the surface directly, minimize asphalt usage, finish projects on time & under budget, and reduce waste & overruns by improving paving productivity and rideability. The platform helps the user to increase the portability of the hardware.
- In February 2021, Bentley Systems, Incorporated, acquired E7 Pty Ltd. to enhance its numerous solutions including construction modeling, projects and reporting management, voice-based field information capture, task oversight, and automation features to produce an all-encompassing 4D construction digital twin solution. Additionally, this acquisition also helps civil construction companies to optimize the use of field resources while maintaining schedule and cost constraints.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment, Building Type, End-user
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
- Autodesk, Inc.
- Bentley Systems
- Incorporated
- Oracle Corp
- SAP SE
- Trimble Inc.
- Dassault Systèmes
- Computer Methods International Corp.
- Microsoft
- Constellation HomeBuilder Systems
- Sage Group plc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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