The architecture software market is projected to reach US$ 10,206.44 million by 2028 from US$ 3,572.89 million in 2021; it is expected to grow at a CAGR of 16.2% from 2021 to 2028
The process of building a structured solution that aids in understanding how the system will work and behave is known as architecture software. The architectural software method simplifies the comprehension of many operational and technical needs of a system and the projects implementing this system. The architecture software aids in defining the roles of design and implementation teams in creating a usable system. These software solutions are used by various businesses to assess their business needs, understand the effect of use cases, and build an implementation framework for implementing these cases in the software system delivered.
The surging awareness about the benefits of architecture software and increasing demand for sophisticated technologies across construction sectors is likely to fuel revenue growth of the architecture software market during the forecast period. This software allows architects to create a miniature 3D model of the entire building that offers a final look-alike structure to give a general idea about how the product will appear. This also enables architects to scrutinize every component of the construction project and push their creative ideas to new heights. Architecture software may also assist in building up workflow management and handling project management duties. Furthermore, the growing use of modern technologies such as the Internet of Things (IoT), data analytics, machine learning (ML), and virtual reality (VR) has resulted in the widespread acceptance of architectural software across numerous businesses and sectors for the creation of 2D and 3D designs. 2D and 3D architectural software are used in industries to test concepts more quickly and establish standard procedures. Advancements in software solutions allow architects and designers to visualize projects, conserve energy, and increase efficiency.
The 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 advance 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.
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Architecture Software Market: Strategic Insights
Market Size Value in US$ 3,572.89 million in 2021 Market Size Value by US$ 10,206.44 million by 2028 Growth rate CAGR of 16.2% from 2021 to 2028 Forecast Period 2021- 2028 Base Year 2021
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– Architecture Software Market
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Architecture Software Market: Strategic Insights
| Market Size Value in | US$ 3,572.89 million in 2021 |
| Market Size Value by | US$ 10,206.44 million by 2028 |
| Growth rate | CAGR of 16.2% from 2021 to 2028 |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Architecture Software Market
The hindered growth of the architecture industry restrained the adoption of architecture software across the globe during the COVID-19 pandemic. Conditions at construction sites vary widely from country to country and are dependent on the type of project. Due to obstacles in material delivery, and newly rolled out health and safety requirements to safeguard employees, construction sites in many countries either suspended or announced possible delays in their projects. Architects also faced problems in terms of late payment or no payment. The possibility of delays, suspension, or cancellation of a large number of projects, as well as potential legal conflicts over the use of "force majeure" clauses in construction and professional service contracts, further intensified their concerns about potential short- and medium-term cash flow. These factors hampered the growth of the architecture software market growth in 2020.
Lucrative Regions for Architecture Software Market
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Increase in Number of Infrastructure Projects Drives Architecture Software Market Growth
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 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. 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 modeling (BIM); and architecture, engineering, and construction (AEC), thereby boosting the architecture software industry. Further, several of the essential programs by the Government of India, such as Make in India and smart city projects, are projected to bolster the construction sector in the country. Such rapid rise in infrastructure projects is triggering the demand for architecture software in various regions in the world, thereby driving the architecture software market.
Software Type-Based Insights
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. The rising popularity of architectural software in the construction industry is the major driving factor for the growth of the architecture software market.
Architecture Software Market, by Software Type – 2019 and 2027
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End User-Based Insights
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. Electronic communication platforms are increasingly used to provide services ranging from blueprint design to consulting. New technologies that enable access to these services from remote areas are opening up new prospects for cross-border trade. In addition to adopting new technologies, the ongoing investments in rural and urban development projects, and smart cities are further expected to propel the overall architecture software market.
Players operating in the market are mainly focused on the development of advanced and efficient products.
- In 2022, the latest version of Corel’s affordable and beginner-friendly video editing solution offers new creative options such as face effects, animated AR stickers, and camera movements transitions, making it even easier to produce fun, cinema-grade films. VideoStudio Ultimate 2022 is packed with feature and filter to make every video one-of-a-kind; the solution enables customers to boost creativity and streamline their workflow.
- In April 2021, Autodesk acquired Innovyze, Inc., which made it a leading provider of digital solutions in water infrastructure. Together they can improvise on parameters such as design, construction, operation, and management.
Company Profile:
- ActCAD LLC
- Autodesk Inc
- Bluebeam, Inc
- Cadsoft
- Chief Architect, Inc
- Corel Corporation
- Dassault Systèmes
- progeSOFT
- Trimble Inc
- Vectorworks, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Software Type and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Increasing architect knowledge and increasing demand for sophisticated architectural technologies across construction sectors will likely fuel revenue growth of the architecture software market over the forecast period. This software allows architects to create a 3D model of the entire building that looks just like a real-life production and offers a final look-alike structure that can give a general idea of how the business will appear. This also enables architects to scrutinize every component of a construction project and push their creative ideas to new heights. Architecture software may also build up workflow management and handle project management duties. Furthermore, the growing usage of modern technologies such as IoT (Internet of Things), data analytics, ML (Machine Learning), and Virtual Reality (VR) has resulted in the widespread acceptance of architectural software across numerous businesses and sectors for the creation of 2D and 3D designs. 2D and 3D architectural software are used in industries to test concepts more quickly and establish standard procedures.
Software advancements allow architects and designers to visualize projects, conserve energy, and increase efficiency. Furthermore, with increased construction activities to establish smart cities and buildings in many nations throughout the world, the market is predicted to rise faster. Smart buildings connect appliances and buildings in various ways, allowing operators and the building's environment to be controlled for optimal comfort.
By software type, the architecture software market is bifurcated into basic, advance, and pro. In 2020, the basic segment held the largest architecture software market share in 2020.
Based on end-user, the Architecture Software market is segmented into enterprises, institutions, and others. In 2020, the enterprises segment accounted for the largest architecture software market share.
The growing need of modern technologies such as IoT (Internet of Things), data analytics, ML (Machine Learning), and Virtual Reality (VR) has resulted in the widespread acceptance of architectural software across numerous businesses and sectors for the creation of 2D and 3D designs. 2D and 3D architectural software are used in industries to test concepts more quickly and establish standard procedures..
The key companies operating in the Architecture software market that are profiled in the report include ActCAD LLC; Autodesk Inc; Bluebeam, Inc; Cadsoft; Chief Architect, Inc; Corel Corporation; Dassault Systèmes; progeSOFT; Trimble Inc; and Vectorworks, Inc. (Nemetschek Group).
The List of Companies - Architecture Software Market
- ActCAD LLC
- Autodesk Inc
- Bluebeam, Inc
- Cadsoft
- Chief Architect, Inc
- Corel Corporation
- Dassault Systèmes
- progeSOFT
- Trimble Inc
- Vectorworks, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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