The architecture software market size is projected to reach US$ 16.04 billion by 2031 from US$ 4.82 billion in 2023. The market is expected to register a CAGR of 16.2% during 2023–2031. The increasing demand for sustainable and energy-efficient building design is likely to remain a key trend in the market.
Architecture Software Market Analysis
Demand for architectural software solutions drives the need to make the architectural design process simpler and less time-consuming by diminishing the time and work associated with design iterations. Advanced technologies such as Artificial Intelligence, Virtual Reality, Augmented Reality, and Cloud Computing are making their way into architect software solutions and hence contribute to market growth. These technologies enhance design visualization, collaboration, and data management. As sustainability and energy efficiency remain in focus, high demand is obtained for architectural software solutions that enable green building design and energy optimization.
Architecture Software Market Overview
The global architect software market refers to the industry that caters to the provision of software solutions custom-made for architects and architectural firms to help them along the different phases of the architectural design process. Architect software refers to any software package containing a comprehensive set of tools and features that are put together in a way that helps architects create, analyze, and visualize building designs with much enhanced productivity, accuracy, and efficiency. These software solutions usually include CAD software, BIM software, 3D modeling and rendering tools, management software for projects, and collaboration platforms. They will assist architects in developing detailed designs in 2D and 3D, outputting accurate architectural drawings, simulating building performance, and analyzing the integrity of structure components; they can accommodate lighting, acoustic components, and heating and air conditioning.
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Architecture Software Market: Strategic Insights
Market Size Value in US$ 3,572.89 million in 2021 Market Size Value by US$ 10,206.44 million by 2028 Growth rate CAGR of 16.2% from 2021 to 2028 Forecast Period 2021- 2028 Base Year 2021
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Architecture Software Market: Strategic Insights
| Market Size Value in | US$ 3,572.89 million in 2021 |
| Market Size Value by | US$ 10,206.44 million by 2028 |
| Growth rate | CAGR of 16.2% from 2021 to 2028 |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Architecture Software Market Drivers and Opportunities
Growing Adoption Of BIM (Building Information Modelling) Software
One of the major growth drivers in the architecture software market is the ever-increasing adoption, leading to a rise in the use of building information modeling software. BIM software enables better designing, construction, and management of buildings, as it provides a holistic process for creating and managing a project's information throughout its lifecycle from architectural, engineering, and construction project stages. It allows creating and managing information from various disciplines to help achieve better project results while improving collaboration among stakeholders. BIM application is also growing from design and construction phases to facility management and maintenance, thus providing an end-to-end solution for the AEC industry. Adoption, therefore, becomes especially vital in emerging markets such as India, wherein BIM is identified as one of the important tools to help enhance construction efficiencies and, hence, reduce costs related to construction in the context of rapid urbanization and infrastructure development.
Rapid Urbanization and Infrastructure
Architect software vendors will find the rapid urbanization and infrastructure development of the emerging market very attractive. Now, with the boom in urban development and construction projects in these emerging markets, demand for advanced architectural software solutions that facilitate efficient design, project management, and collaboration will rise. Architect software vendors have an opportunity to meet the particular needs of developing markets with solutions targeting local building codes, environmental concerns, and cultural needs. Furthermore, development in these markets involves the construction of transport systems, housing estate localities, and business centers, among others, that require high-efficiency architecture software to support construction and design designers, hence creating a favorable environment for vendors to initiate launch as well as popularize their products and services. Architecture software can be adopted to standardize design and construction procedures, especially in upcoming markets, where it is projected to improve the efficiency and effectiveness of the industry.
Architecture Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Architecture Software Market analysis software type and end user.
- Based on software type, the market is bifurcated into basic, advance, and pro. The advance segment held a significant market share in 2023.
- Based on end user, the market is segmented into enterprises, institutions, and others. The enterprises segment held a significant market share in 2023.
Architecture Software Market Share Analysis by Geography
The geographic scope of the architecture software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The North American region offers immense potential for the market for architectural software, driven by the presence of highly advanced architectural firms and high infrastructure development activities. Moreover, European countries have a very strong emphasis on sustainable architecture; hence, the requirement for architectural software solutions that accelerate green building design and energy optimization is higher. Asia Pacific market is propelled by rapid urbanization, infrastructure development, and government initiatives in countries such as China and India, which act as factors accelerating the adoption of architect software solutions in the region. Developing construction activities and architectural activities in countries such as Brazil and Mexico boost the demand for architectural software solutions. The rising investment in infrastructure projects and urban development initiatives opens up opportunities for the adoption of architectural software in the region.
Architecture Software Market Report Scope
Architecture Software Market News and Recent Developments
The architecture software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the architecture software market are listed below:
- Autodesk, Inc. (NASDAQ: ADSK) unveiled Autodesk Informed Design, a cloud-based solution that connects design and manufacturing workflows to streamline the building design and construction process. Informed Design allows architects to work with customizable, pre-defined building products that yield valid results and manufacturers to share their products with design stakeholders. Informed Design unlocks industrialized construction – the application of manufacturing principles to the built environment – and will help transform the architecture, engineering, construction and operations (AECO) industry.
(Source: AUTODESK INC., Press Release, February 2024)
Architecture Software Market Report Coverage and Deliverables
The “Architecture Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Architecture software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Architecture software market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Architecture software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the architecture software market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Software Type and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The market is projected to record a CAGR of 16.2% during 2023–2031.
The market is expected to reach a value of US$ 16.04 billion by 2031.
ActCAD LLC, Autodesk Inc., Bluebeam, Inc., Cadsoft, Chief Architect, Inc., Corel Corporation, Dassault Systemes, progeSOFT, Trimble Inc., and Vectorworks, Inc. are key players in the market.
Increasing demand for sustainable and energy-efficient building design is a key trend in the market.
The growing adoption of BIM (building information modelling) software is driving the market.
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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