1. Market Research
  2. > ICT
  3. > Software Market Trends
Architecture Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Software Type and End User

Architecture Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Software Type and End User

  • March 2022
  • 138 pages
  • ID: 6269973
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

The architecture software market is expected to grow from US$ 3,133.84 million in 2021 to US$ 10,206.44 million by 2028; it is estimated to grow at a CAGR of 16.2% from 2021 to 2028.

Increase in infrastructure projects around the world is one of the major factors driving the growth of the architecture software market.As the world’s population grows, the need for new buildings, malls, and workplaces is also on the rise.

The initiatives such as smart cities and high-speed roadways are also contributing to a surge in the number of construction projects.As a result, key players operating in the architecture software market use architecture software products to run these projects smoothly and efficiently with improved construction efforts.

Smart buildings connect appliances and buildings in various ways, allowing operators and the building’s environment to be controlled for optimal comfort.The US is renowned for its cutting-edge infrastructure and thriving construction sector.

Massive projects that have been in the work for a long time are nearing completion, while others are just getting started and this factor is expected to propel the growth of architecture software market in the world. The California High-Speed Rail Construction Project, Sound Transit 3 (ST3) Construction Project, Las Vegas Convention Center people mover, and Second Avenue Subway Construction Project are among the major active megaprojects in the US. Furthermore, the construction sector has flourished in the Middle East and developing countries in Asian Pacific, such as India and China. In 2017, Saudi Arabia launched a slew of major projects that included the King Abdullah Economic City in Rabigh with an estimated cost of ~US$ 27 million. In addition, the Abu Dhabi Improvement Authority announced a budget allocation of USD $ 6.8 million for airport expansion projects and USD$ 500 million for the Presidential Palace construction in Al-Ras Al—Akhdar in the UAE. These forthcoming projects are likely to encourage the use of engineering software such as computer-aided design (CAD); computer-aided manufacturing (CAM); building information modelling (BIM); and architecture, engineering, and construction (AEC), thereby boosting the architecture software market.

The growing popularity of digitalization in architecture has created lucrative opportunities for the architecture software market growth.Digitalization has been around for a while, and it continues to influence an increasingly large number of professions.

Professionals in the architecture industry may employ digital technologies to visualize, develop, and process their ideas faster than conventional methods.The conventional processes in this industry involve a high reliance of architects, contractors, interior designers, and real estate developers on a large number of other individuals.

The output of architects did not reach its full potential due to the lengthy and challenging procedure.Digitalization has altered this scenario, allowing architects to work more efficiently and effectively; it also allows them to work from their homes or other comfortable places, which further drives the global architecture software market growth.

Furthermore, digitization technologies such as architecture software has automated several tasks that architects no longer need to spend time on, which has accelerated the project planning and visualization phases. Architects can accomplish more in less time, increasing their productivity and potential. They not only learn and practice faster in this manner but also earn more professional experience that can be employed in future projects. Architects may produce more realistic representations and visualizations using digitalized tools and applications, which further driven the architecture software market. Customers may also contribute to the project by highlighting what they wish to keep, amend, or remove while seeing the enhanced images and videos, or animations.

The architecture software market includes prominent players such as Autodesk Inc., Dassault Systèmes SE, Corel Corporation, Bluebeam, Inc., progeSOFT, Cadsoft, ActCAD, Trimble Inc., Chief Architect, Inc., and Vectorworks, Inc. These companies dominate the architecture software market through new product developments, acquisitions, and expansion strategies. In February 2021, Egnyte launched a unified content platform to support the digital transformation of the construction & engineering (C&E) industry. Egnyte helps C&E firms improve their project efficiency by providing a unified document library for Bluebeam.

Impact of COVID-19 Pandemic on Architecture Software Market
Rising disposable income, and the flourishing architecture & construction industry are among the key factors that contributed to the architectural software market growth before the onset of the COVID-19 pandemic.However, after the beginning of the pandemic in 2020, it adversely affected all major areas of the global economy, including the architecture software market.

In addition to the displacement of laborers during the prolonged lockdown period, the limited supply of goods previously imported from China and the consequent need to find alternatives in local markets resulted in the declined performances of these industries. Due to the impending economic catastrophe, all firms are revamping their strategies to prepare themselves for such unforeseen uncertainties in the future.

Like other businesses, architecture business highly depends on networking, engagement, coordination, and site visits.Firms/companies had employees working from home.

However, architecture projects were halted or delayed as a result of lockdown imposed by various countries, which impacted the income of professionals related to this field.The global crisis also caused delays in client decisions and a lack of liquidity.

Several upcoming projects have been cancelled.Based on clients’ requests for decreasing project costs due to budgetary restrictions, architects had to rework the preplanned projects.

All these factors hampered the growth of architecture software market during the lockdown periods.

However, with time and progress made by the healthcare sector, conditions began to improve.As a result, people and businesses began adapting to new circumstances with the gradual reopening of enterprises and relaxation of social restrictions.

Additionally, in 2021 and 2022, the resumption of construction and architecture activities in the world boosted the architecture software market growth.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on