The U.S. construction and design software market size was valued at USD 2,388.1 million in 2023 and is projected to grow at a CAGR of 8.1% from 2024 to 2030.
The U.S. accounted for 22.9% of the global construction and design software market. AI, cloud computing, and IoT, among other digital technologies, have contributed to the market's growth. The U.S. market players are aggressively introducing innovative software tools that help end-users reduce time, minimize errors, and limit resources. This technological advancement is expected to play a crucial role in driving the growth of the market.
The U.S. market is witnessing a constant technological transformation in the construction industry and civil engineering, including architectural verticals. The software assists designers in designing complex layouts, assessing the potential risks, and planning & conceptualizing designs. In addition, the growing adoption of these latest software tools is helping organizations enhance practical visualization, and make complex designs with practical approaches, and execute construction & design plans more efficiently. The extensive use of construction software solutions based on data analytics, AI, and ML also plays a decisive role in addressing, predicting, classifying, and solving complex mathematical problems associated with complex construction projects.
Gather more insights about the market drivers, restrains and growth of the U.S. Construction And Design Software Market
U.S. based architects and builders recognize the potential of construction and design software in reducing their reliance on paperwork, documentation, and manual designing. Using integrated tools, such as construction estimating, project management, safety, and reporting, allows construction companies to ensure well-organized work sites, well-developed designs, and overall safety and success of their construction projects. Construction and design software enables architects and builders to ensure the success of their construction projects. As a result, software advancements and innovations are expected to drive its demand among architects and builders.
Furthermore, the rising number of construction projects undertaken in the U.S. is becoming challenging due to these projects becoming increasingly complex, and safety and regulatory concerns are also growing. Therefore, construction companies in the U.S. are deploying construction and design software solutions to track various project processes, deadlines, and compliance status in real-time. These software solutions give construction companies deeper insights into future spending, helping create purchase and exchange orders, estimate project costs, and ensure effective team communication, enhancing efficiency and scaling the business in the long-term.
However, the increased adoption of the software in the U.S. is witnessing high initial costs of the software, and evolving digital threats such as phishing, Distributed Denial of Service (DDoS), ransomware, and viruses are the two key factors expected to hamper the growth of the market over the forecast period. In addition, the construction and design software development process is costly as the provider needs to hire expert software engineers and implement advanced software testing and assessment tools. Furthermore, if any company develops an innovative feature and integrates it into the software, it increases the project's overall costs.
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U.S. Construction And Design Software Market Segmentation
Grand View Research has segmented the U.S. construction and design software market report based on function, deployment, and end-use.
Function Outlook (Revenue, USD Million, 2018 - 2030)
• Safety & Reporting
• Project Management & Scheduling
• Project Design
• Field Service Management
• Cost Accounting
• Construction Estimation
• On-cross Bid Management
• Others
Deployment Outlook (Revenue, USD Million, 2018 - 2030)
• Cloud
• On-premise
End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Architects & Builders
• Remodelers
• Designers
• Others
Key Companies profiled:
• Autodesk Inc.
• Bentley Systems
• Buildertrend
• CMiC
• ConstructConnect
• Dassault Systemes
• Houzz Inc.
• Microsoft Corporation
• Oracle Corporation
• Procore Technologies Inc.
• RIB Software
• Trimble Inc.
• Vectorworks Inc.
Key U.S. Construction And Design Company Insights
• Autodesk Inc. is an application software company offering software and services for the 3D design, engineering, and entertainment industries. The company provides BIM 360, a cloud-based construction management software, AutoCAD, a software for professional designing, formulating, outlining, and visualization and AutoCAD LT, a drafting and detailing software
• Oracle, a multinational technology company, offers a wide range of solutions for businesses to build, manage, and optimize its IT infrastructure. From cloud services (IaaS, PaaS, and SaaS) to construction management software, Oracle empowers companies to innovate, expand, and gain valuable insights. Its offerings include cutting-edge software, hardware, and consulting services, all designed to improve performance, security, and cost-effectiveness across the entire IT ecosystem
• Houzz is a one-stop shop for home improvement. The company offers a website and online community for design inspiration, professional connection, and product discovery. It features a massive image database for browsing and saving ideas, along with a free platform for professionals and homeowners to connect
• Vectorworks, Inc. creates software for architects, engineers, landscapers, and entertainment professionals. Its software extends beyond simple 2D and 3D drawing, offering features such as report generation, custom programming, and industry-specific tools. It also offers modules for specialized tasks such as lighting design
Recent Developments
• In June 2023, Teijin Limited started the first industrial production plant for manufacturing Twaron using recycled feedstock materials. The fiber produced with recycled materials delivers the same characteristics as the original Twaron fiber. Furthermore, this innovation marks the company's first step in including a high percentage of recycled material in the production of Twaron.
• In April 2023, DuPont launched Kevlar EXO aramid fiber, featuring first-in-class ballistic and thermal resistance of up to 500 degrees C, which is lightweight and flexible. Kevlar EXO is stated to have a life of five years.
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