Latin America Construction And Design Software Market Size & Outlook
Latin America construction and design software market, 2018-2030 (US$M)
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Latin America construction and design software market highlights
- The Latin America construction and design software market generated a revenue of USD 739.3 million in 2023.
- The market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, cloud was the largest revenue generating deployment in 2023.
- Cloud is the most lucrative deployment segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 739.3 million |
| Market revenue in 2030 | USD 1,410.8 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Cloud |
| Fastest growing segment | Cloud |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cloud, On-premise |
| Key market players worldwide | Autodesk Inc, Oracle Corp, Microsoft Corp, Trimble Inc, Constellation Software Inc, SAP SE, Sage Group (The) PLC, Bentley Systems Inc Ordinary Shares - Class B, RIB Software |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.1% of the global construction and design software market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,044.3 million by 2030.
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Construction And Design Software Market Scope
Construction And Design Software Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America construction and design software market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to construction and design software market will help companies and investors design strategic landscapes.
Cloud was the largest segment with a revenue share of 51.91% in 2023. Horizon Databook has segmented the Latin America construction and design software market based on cloud, on-premise covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the Latin America regional market can be attributed to the easy accessibility to client data from remote areas, the lower operational overhead expenses on fuel and workforce management, and subsequently, the rising productivity and increasing customer satisfaction.
The strengthening labor market, credit expansion, and a government strategy to support privatization while encouraging state-owned firms and major international players to invest in road, seaport, and airport infrastructure development projects also bode well for the growth of the regional market.
The need for rapid infrastructure development leveraging modern construction machinery and next-generation solutions based on the latest technologies, such as augmented reality, virtual reality, and artificial intelligence, is expected to drive the demand for construction and design software in Latin America over the forecast period.
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Our clientele includes a mix of construction and design software market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America construction and design software market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America construction and design software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America construction and design software market size, by country, 2018-2030 (US$M)
Latin America Construction And Design Software Market Outlook Share, 2023 & 2030 (US$M)
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