PUBLISHER: Grand View Research | PRODUCT CODE: 1588700
PUBLISHER: Grand View Research | PRODUCT CODE: 1588700
The global construction and design software market size is estimated to reach USD 19.12 billion by 2030, registering to grow at a CAGR of 10.4% from 2025 to 2030 according to a new report by Grand View Research, Inc. The growing demand for effective tool management and development of digital capabilities such as the Internet of Things (IoT) and Building Information System (BIM) are the major drivers that are likely to create the need to adopt construction and design software across infrastructure and real estate industries. These digital capabilities help organizations automate, track, and manage budgets by managing construction projects and controlling costs across the operations. Thus, it allows organizations to increase profits and maximize efficiency by reducing risks and other issues. This is attributed to the rise in demand for construction and design software during the forecast period.
BIM has witnessed an increased adoption owing to its various advantages over the existing tools, such as paper-based design and modeling. It facilitates the users to create an accurate, precise, and geometric virtual model with all the components and structures involved in the building. Furthermore, with the use of IoT in BIM, modeling and ordering processes can become simpler, and the required material can be sent directly to the construction site, which will reduce the time required for ordering. Moreover, it instructs all the aspects of a building project into one package. For instance, BIM is used for maintenance purposes and helps plumbers and electricians locate pipes and wires to prevent unnecessary damage to walls, floors, and ceilings. The adoption of these solutions offers lucrative opportunities for the growth of the market.
The growing preference for better interior design and decoration among customers and end-use industries is one of the primary factors driving the construction and design software market growth. Furthermore, interior designing companies use augmented and virtual reality, cloud computing, and 3D technology to capture the growing demand to offer customers seamless home interiors and renovation experiences. For instance, in October 2021, SmartDraw, a software used to create charts, floor plans, and network diagrams, updated its interior design software to include Google Sheets connectivity, allowing users to create charts or enrich shapes with data. It enables users to build data-driven diagrams and link data to specific shapes for further information. With the increase in cloud-based software, there are major opportunities for the market players operating in the market.