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The Global Construction and Design Software Market report has been compiled by Market Research and its content presents a detailed analysis of the construction planning industry trends, players and possible opportunities. The research is based on a regular interview which includes a brief questionnaire on industry information, data supply and future market forecast. Based on the opportunities in the construction and design sector, Market research also analyzes the main concerns of governments and startups. Past comments from industry experts have provided insight into employment dynamics and skilled labor opportunities.

Construction and Design Software Market Background

Construction and design software has changed tremendously over the past few years. More than $2.593 billion was spent on construction or design solutions in 2016, and this market is expected to grow annually at a CAGR of 531% through 2022. The major contributors to this revenue are 3D modeling software rendering-based with $1.707 billion, electrical engineering software with $474 million, and brochure solutions with $39 million. The demand for comprehensive design solutions, automation tools and structural analysis software is expected to grow at a staggering CAGR of 42% over the period 2014-2021.

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Market share and growth of key players

The global construction and design software market is expected to grow at a CAGR of 14.1% by 2024. The construction and design software market size was USD 17,092 million in 2017, and it is estimated that it will touch USD 26,608 million by 2024 growing at a CAGR. by 10.8% over the forecast period (2018 to 2024).

Future analysis

Futurists predict that there will be a shift in industry focus in the near future, towards technology and innovation. For example, AI software predicts that 80% of construction projects will eventually use hybrid robots; despite this trend, many companies still do not know how to take advantage of new technologies. Bottom line. It’s hard for designers to imagine five years from now and make informed decisions about which products and services need to be introduced or improved. Difficulties in anticipating the future, however, are resolved quickly with the help of a solid product intent definition process (an important aspect of which is understanding the consumer’s product intent). And when a company understands the consumer’s product intentions, it will be able to identify changes within its portfolio that will challenge the position of the product leader and respond appropriately.

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