Architecture Software Market is expected to reach US$ 10,206.44 million by 2028

Growing Popularity of Digitalization in Architecture to Provide Growth Opportunities for Architecture Software Market During 2021–2028

According to our latest market study on “Architecture Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Software Type, and End-user,” the market is expected to grow from US$ 3,572.89 million in 2021 and is projected to reach US$ 10,206.44 million by 2028; it is expected to grow at a CAGR of 16.2% from 2021 to 2028.

Digitalization has been around for a while, and it continues to influence a 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 does not reach its full potential due to lengthy and challenging procedures. 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. Furthermore, it 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.

The global architecture software market is segmented on the basis of software type, end-user, and geography. By software type, the market is segmented into basic, advance, and pro. In 2020, the basic segment held the largest share of the architecture software market. Based on end user, the architecture software market is segmented into enterprises, institutions, and others. In 2020, the enterprises segment accounted for the largest share of the architecture software market. Based on geography, the architecture software market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, Europe accounted for a significant share of the market.

Impact of COVID-19 Pandemic on Global 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 architectural and design industries. 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. However, with time and progress made by the healthcare sector, conditions began to improve in late 2021. 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.

ActCAD LLC; Autodesk Inc; Bluebeam, Inc; Cadsoft; Chief Architect, Inc; Corel Corporation; Dassault Systèmes; progeSOFT; Trimble Inc; and Vectorworks, Inc. (Nemetschek Group). are among the major companies operating in the architecture software market.

Architecture Software Market — by Geography, 2021 and 2028 (%)

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Architecture Software Market Share, Size & Trends Report 2028

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Architecture Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Software Type (Basic, Advance, and Pro) and End User (Enterprises, Institutions, and Others)