Uploaded on Sep 10, 2024
Increase in infrastructure projects, rise in productivity through interoperability, and supportive government initiatives regarding usage of AEC software drive the growth of the global AEC market. North America held the highest market share in 2020, and will continue its lead position by 2028.
Construction Technology and Its Influence on the Architecture, Engineering, and Construction (AEC) Market
AEC Market Overview The global AEC market size was valued at $7,188.00 million in 2020, and is projected to reach $15,842.00 million by 2028, growing at a CAGR of 10.7% from 2021 to 2028. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 Research 𝐑𝐞𝐩𝐨𝐫𝐭 AEC stands for Architecture, Engineering, and Construction, a sector encompassing professionals and companies involved in the design, engineering, and construction of buildings and infrastructure. The AEC industry plays a critical role in shaping the built environment, collaborating on projects that range from residential and commercial buildings to large- scale infrastructure developments such as bridges, highways, and urban planning. Advances in technology, such as Building Information Modeling (BIM), have transformed the AEC industry, enhancing collaboration, efficiency, and sustainability in the design and construction processes. Covid-19 Impact The COVID-19 pandemic has moderately impacted the AEC market, driving increased adoption of AEC software as projects moved to virtual environments during lockdowns. The crisis highlighted the need for smarter, safer construction methods to address inefficiencies, outdated techniques, and environmental challenges. Companies like Autodesk and Bentley Systems responded by enhancing their AEC software and offering online training programs. As a result, the AEC market is expected to grow, with construction firms accelerating software adoption to overcome productivity issues, shrinking margins, and reduced R&D investments. Key Findings of the Study By component, the software segment dominated the Architecture, Engineering, and Construction (AEC) market in 2020. However, the service segment is expected to exhibit significant growth during the forecast period. On the basis of deployment mode, the on-premise segment accounted for the highest revenue of AEC Market in 2020; however, the cloud segment is expected to witness the highest growth rate during the forecast period. Depending on enterprise size, the large scale enterprise segment generated the highest revenue in 2020. However, the SMEs segment is expected to witness the highest growth rate in the near future. Region wise, the AEC Market was dominated by North America. However, Asia-Pacific is expected to witness significant growth in the coming years. AEC Market Regional Analysis North America (U.S., Canada, Mexico) Europe (France, Germany, Italy, Spain, UK, Russia, Rest of Europe) Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific) LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA) AEC Market Segments By By Deployment By Organization Size Component Mode • Large Enterprises • Solution • On-Premise • SMEs • Services • Cloud By End User • Construction & Architecture Companies • Education • Others Key Players • Ansys Inc. • Aveva Group Plc • Autodesk Inc. • Dassault Systemes • Bentley System, Inc • Innovaya • Hexagon AB • Newforma • Nemetschek • Trimble, Inc. Contact Us David Correa 1209 Orange Street Corporation Trust Center Wilmington New Castle Delaware 19801 USA Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 [email protected] Thank You
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