The Europe Construction and Design Software Market would witness market growth of 5.7% CAGR during the forecast period (2021-2027).
The growth of the market would be bolstered by the surge in preferences for superior interior design and decoration among customers and end-use industries. Moreover, the global construction and design software market would witness bright growth prospects due to the surge in government efforts for supporting construction and real estate around the world and the surge in the requirement for superior productivity. Higher investment in next-generation technologies would increase the competition among the market players, hence resulting in the development of the latest design software like AutoCAD, Revit, DataCAD, and SketchUp with advanced technology and better offerings.
As the European region is home to some of the most developed and developing countries, the region is likely to witness massive demand for advanced technologies and solutions like construction and design software in order to cater to the ever-changing landscape of the construction industry. Using construction and design software, project teams can streamline different construction aspects such as scheduling, planning, and resource management. Moreover, the governments of numerous countries have taken supportive steps towards construction activities post COVID-19 pandemic. As a result, the regional companies are increasing their investment in adopting construction and design software, thereby boosting the growth of the regional market.
Construction and design management software with a shared data environment allows the complete project community to collaborate on models as well as plans while linking every team and data to the BIM process. Moreover, this software offers digital document depository and processes that facilitate better management of the massive volume of documents created across the complete construction project lifecycle. Therefore, constructions companies in the region are adopting construction and design software to reap its benefits, thereby directly fueling the growth of the regional market.
The Germany market dominated the Europe Construction Estimation Construction and Design Software Market by Country 2020, thereby, achieving a market value of $167.7 million by 2027. The UK market is showcasing a CAGR of 5.4% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 6.9% during (2021 - 2027).
Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Function, the market is segmented into Project Management & Scheduling, Construction Estimation, Safety & Reporting, Project Design, Field Service Management, On across Bid Management, Cost Accounting and Others. Based on End User, the market is segmented into Architects & Builders, Remodelers, Designers, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Construction and Design Software Market Size will Hit $15.5 Billion by 2027, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Constellation Software Inc., Vectorworks, Inc., Oracle Corporation, Microsoft Corporation, Autodesk, Inc., Trimble, Inc., Bentley Systems, Inc., SAP SE, RIB Software SE, and Sage Group plc.
By Deployment Type
By Function
By End User
By Country
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