LAMEA Construction and Design Software Market By Deployment Type (On-premise and Cloud), By Function (Project Management & Scheduling, Construction Estimation, Safety & Reporting, Project Design, Field Service Management, On across Bid Management, Cost Accounting and Others), By End User (Architects & Builders, Remodelers, Designers, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the LAMEA Construction and Design Software Market
Market Report Description
The Latin America, Middle East and Africa Construction and Design Software Market would witness market growth of 9.5% CAGR during the forecast period (2021-2027).
Using field service management, companies can automate dispatching and scheduling that assists in simplifying every process related to field operations. Moreover, factors like accessibility to customer data from remote locations, reduced operational overheads and fuel costs, management of mobile workforce, increased productivity, and higher customer satisfaction are indicative of the future growth of the segment. Furthermore, the growth of the segment would witness bright prospects due to the integration of next-generation technologies like augmented reality, virtual reality, and artificial intelligence in field services management.
Moreover, architects are increasingly adopting Building Information Modelling (BIM) as it offers advantages like synchronization of design and construction planning, visualization and collaboration, conflict detection, and cost reduction. With the help of BIM, builders and architects can enhance the design and construction of buildings. The surge in the number of infrastructural projects and the increased popularity of BIM as a tool helps remodelers, architects, and designers to plan, design, and manage building projects in an effective manner. These factors are collectively responsible for the growth of the segment.
Many countries specifically UAE are witnessing rising construction activities of world-class buildings. Advanced and sustainable buildings are developed with the help of construction and design software, thereby fueling the growth & demand for this software in the regional market. With the help of construction and design software, companies can eliminate the manual work of documentation because the software automatically saves every piece of information in digital format.
The surge in demand for quick infrastructural development with the help of next-generation solutions and machines for construction in many countries with an aim to cut down the completion time for projects are acting as a catalyst for the growth & demand for construction and design software in the regional market. Moreover, the untapped potential of many countries of this region is likely to encourage many key players to invest heavily in the market and offer cost-effective & advanced solutions. Therefore, these factors would propel the growth of the construction and design software market in the regional market during the forecasting period.
The On-premise market dominated the South Africa Construction and Design Software Market by Deployment Type 2020, thereby, achieving a market value of $126.1 million by 2027. The Cloud market is expected to witness a CAGR of 12.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
By Deployment Type
- Project Management & Scheduling
- Construction Estimation
- Safety & Reporting
- Project Design
- Field Service Management
- On across Bid Management
- Cost Accounting
By End User
- Architects & Builders
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Constellation Software Inc.
- Vectorworks, Inc.
- Oracle Corporation
- Microsoft Corporation
- Autodesk, Inc.
- Trimble, Inc.
- Bentley Systems, Inc.
- SAP SE
- RIB Software SE
- Sage Group plc
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free