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The architectural engineering and construction solutions market size is forecast to increase by USD 9.65 billion, at a CAGR of 13.77% between 2023 and 2028. The evolving landscape of project management is underscored by increasing demands for large-scale project oversight, a reduction in design timelines within the construction sector, and the sustained growth of the global construction industry. As projects become larger and more complex, there is a heightened need for effective management practices to ensure timely completion and cost efficiency. Simultaneously, advancements in technology and methodologies are driving efforts to streamline the design phase, allowing for quicker project commencement and execution. Furthermore, the expansion of the global construction industry signifies opportunities for innovation, investment, and market expansion on a worldwide scale. These interconnected trends reflect the dynamic nature of the construction sector, where adaptability and efficiency are paramount for success in an increasingly competitive market environment. Understanding and addressing these factors are vital for stakeholders seeking to capitalize on emerging opportunities and navigate challenges within the industry. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasts market scenario.
Market Forecast 2024-2028
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Cloud-based AEC solutions and Virtual Reality (VR) technology are key trends in the industry, offering increased efficiency and cost savings. Outsourcing and privatization have also played a role in the market's expansion, enabling construction planners and MEP projects to streamline operations and improve overall project management. In conclusion, the market is a dynamic and evolving industry, shaped by advancements in technology, urbanization, and the global economic landscape. Architects, engineers, construction planners, and contractors leverage these solutions to deliver efficient, energy-efficient buildings and infrastructure projects.
Further, the market encompasses various aspects of conceptual design, budgeting, project management, site selection, architecture, engineering, construction, and construction efficiency. Energy efficiency is a significant focus in modern AEC projects, leading to the adoption of advanced technologies such as Building Information Modeling (BIM) software, 3D modelling tools, and Artificial Intelligence (AI) in design and construction processes. The market is driven by urbanization, the need for smart cities, and the international trade administration's push for economic growth and corporate profits.
In the market, the focus is on optimizing resources for efficient output in large-scale projects. From conceptual design to project completion, AEC automates processes, enhancing connectivity for seamless handling of project-related inquiries. Automation decreases response time, boosting productivity and ensuring effective project management. Budgeting and profitability are significantly improved through AEC Solutions. Building Information Modelling (BIM) enables the calculation of conversion ratios and the generation of reports, tracking metrics in line with customer demand. Urbanization, green construction practices, and smart cities necessitate construction efficiency and energy-efficient buildings. AEC Solutions integrate technology, including artificial intelligence (AI), virtual reality (VR), and Autodesk's BIM software, to streamline design and planning processes.
Moreover, Align with market growth analysis, AECS are essential in managing complex construction projects, such as residential, commercial, and industrial buildings, as well as Mechanical, Electrical, and Plumbing (MEP) projects. Skilled labor and regulatory compliance are addressed through developing countries' capital investment in integrated technology solutions. Government regulations and green building technologies are accommodated through these advanced systems. Cloud-based AEC solutions offer flexibility and accessibility, while on-premises solutions ensure data security. Architects, designers, construction planners, and engineers benefit from these tools, enabling them to create architectural and construction projects using 3D modelling tools and advanced design software. AEC Software is a crucial investment for organizations seeking to remain competitive in the rapidly evolving construction landscape.
In the market, the adoption of cloud-based technology is revolutionizing conceptual design, budgeting, project management, site selection, and various phases of architecture, engineering, and construction. Traditional methods of storing data on hard drives often result in limited storage capacity and inefficient collaboration among team members. Cloud-based AEC solutions offer centralized access to project data, enabling seamless interaction among stakeholders, regardless of their locations. These solutions run on remote servers in AEC-enabled project clouds and can be accessed via local applications on various devices such as PCs, laptops, tablets, or smartphones. The flexibility of cloud-based AEC solutions allows users to access them on any operating system, including Windows, Apple, or Android. Building Information Modelling (BIM) plays a significant role in enhancing construction efficiency and energy efficiency in buildings.
Further, government regulations and developing countries are also influencing the AEC market. Smart cities and sustainable infrastructure are key areas of focus, with a growing emphasis on integrated technology solutions. AEC projects require regulatory compliance, and cloud-based solutions offer the flexibility and scalability needed to meet these requirements. In conclusion, the AEC solutions market is undergoing significant transformation, with cloud-based solutions and advanced technologies such as AI, VR, and BIM software playing a crucial role in enhancing efficiency, collaboration, and sustainability in architectural and construction projects.
In the contemporary business landscape, the market is witnessing a significant shift towards digitalization. Open-source software solutions have gained popularity due to their wide array of offerings in conceptual design, budgeting, project management, site selection, and various other aspects of architecture, engineering, and construction. These tools, which are freely accessible on the Internet, provide features comparable to proprietary software, making them an attractive choice for small and emerging enterprises. Building Information Modelling (BIM) is a crucial component of AEC software, enabling construction efficiency, energy-efficient buildings, and urbanization. Green construction practices, smart cities, and government regulations are driving the demand for advanced AEC solutions
Further, skilled labor and automation are essential in the implementation of green building technologies and integrated technology solutions for regulatory compliance. Autodesk, a leading provider of cloud-based and on-premises AEC software, offers solutions for architects, designers, construction planners, and MEP projects. Their offerings include BIM software, 3D modelling tools, and virtual reality solutions. These tools facilitate efficient design and planning, reducing capital investment and increasing productivity. The AEC industry caters to various sectors, including residential buildings, commercial buildings, and industrial plants. The adoption of cloud-based AEC solutions and artificial intelligence (AI) is transforming the industry, with applications in architectural projects, construction projects, and MEP projects. Virtual reality (VR) and 3D modelling tools are revolutionizing the way architects and engineers visualize and plan projects, offering a more immersive and interactive experience.
The software segment is estimated to witness significant growth during the forecast period. Market encompasses the conceptual design, budgeting, project management, site selection, and execution of various architectural, engineering, and construction projects. This market incorporates Building Information Modelling (BIM) technology, which enhances construction efficiency and facilitates energy-efficient buildings. Urbanization and green construction practices are significant drivers, necessitating skilled labor, automation, and the adoption of green building technologies.
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The software segment was the largest segment and was valued at USD 5.84 billion in 2018. Smart cities and government regulations are shaping the industry landscape, with a focus on regulatory compliance and capital investment in integrated technology solutions. Architects, designers, construction planners, and MEP projects benefit from advanced AEC software and cloud-based solutions. Autodesk, among other key players, offers cloud-based AEC tools, including BIM software and 3D modelling tools. The market caters to various sectors, including residential buildings, commercial buildings, and industrial plants. Building information modeling plays a crucial role in the design and planning phases, ensuring accurate and efficient project execution. Artificial intelligence (AI) and virtual reality (VR) are emerging trends, offering immersive experiences for architectural and construction projects. These technologies streamline the design process, enabling architects and engineers to visualize and optimize their projects before construction. In developing countries, the market is experiencing significant growth due to increasing urbanization and government initiatives to improve infrastructure. Capital investment in advanced technology solutions is expected to drive market expansion, ensuring regulatory compliance and enhancing overall project efficiency.
Based on deployment, the segments are classified into on-premise and cloud-based. The on-premises deployment dominates the global market. The market is a significant sector that plays a pivotal role in international trade, particularly in the context of urbanisation trends and economic growth. This market is driven by various factors, including corporate profits, outsourcing, and privatisation. Urbanisation, fueled by economic expansion, necessitates the development of infrastructure and the adoption of sustainable technologies. The International Trade Administration plays a crucial role in facilitating the exchange of architectural engineering and construction solutions between countries. The market is marked by the privatisation of construction projects, leading to increased competition and efficiency. Corporate profits are bolstered by the outsourcing of architectural services, enabling cost savings and improved project delivery. Environmental concerns are increasingly influencing architectural engineering and construction solutions. Building Information Modeling (BIM) adoption is on the rise, allowing for more efficient and eco-friendly design and construction processes. Key players in the market include CNH Industrial, BIG, Plastic Omnium, PO-Rein, and Mega-plant. The infrastructure development sector is a major consumer of high-pressure hydrogen vessels and backhoe loaders. Safety protocols are stringently enforced to ensure the well-being of workers and the public. Sustainable technologies, such as renewable energy, are being integrated into architectural engineering and construction solutions to reduce carbon emissions and promote energy efficiency. Cloud-based deployment and on-premises software are transforming the way architectural engineering and construction solutions are delivered. Companies like BIG and Plastic Omnium are leading the way in the adoption of these technologies, providing more flexible and efficient solutions for their clients. The market is expected to continue growing, driven by the need for infrastructure development and the adoption of sustainable technologies.
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North America is estimated to contribute 33% to the growth by 2027. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The market is marked by the privatisation of structure projects, leading to increased competition and efficiency. Corporate profits are bolstered by the outsourcing of architectural services, enabling cost savings and improved project delivery. Environmental concerns are increasingly influencing such solutions. Building Information Modeling (BIM) adoption is on the rise, allowing for more efficient and eco-friendly design and building processes. Key players in the market include CNH Industrial, BIG, Plastic Omnium, PO-Rein, and Mega-plant.
Additionally, the infrastructure development sector is a major consumer of high-pressure hydrogen vessels and backhoe loaders. Safety protocols are stringently enforced to ensure the well-being of workers and the public. Sustainable technologies, such as renewable energy, are being integrated into such solutions to reduce carbon emissions and promote energy efficiency. Cloud-based deployment and on-premises software are transforming the way architectural engineering and building solutions are delivered. Companies like BIG and Plastic Omnium are leading the way in the adoption of these technologies, providing more flexible and efficient solutions for their clients. The market is expected to continue growing, driven by the need for infrastructure development and the adoption of sustainable technologies.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
ACCA software Spa, ANSYS Inc., Autodesk Inc., Bentley Systems Inc., Carlson Software Inc., Chetu Inc., CYPE Ingenieros, Dassault Systemes SE, Esri Global Inc., Hexagon AB, Innovaya LLC, Nemetschek SE, Newforma Inc., Oracle Corp., Procore Technologies Inc., Schneider Electric SE, Solutions AEC, Trimble Inc., and Vee Technologies Pvt. Ltd.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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The market refers to the services and technologies employed in designing and building structures. These solutions encompass various aspects, including structural analysis, building information modeling, and project management. The market is significant, driven by the increasing demand for infrastructure development and urbanization. Construction projects require a multidisciplinary approach, involving architects, engineers, and contractors. Architectural engineering solutions facilitate the integration of structural considerations into the design process. Building information modeling (BIM) is a crucial technology in this domain, enabling efficient collaboration and accurate visualization of projects. Project management is another essential component. Projects can be complex, with multiple stakeholders and timelines. Effective project management ensures that projects are completed on time, within budget, and to the desired quality. The market is dynamic, with continuous advancements in technology and evolving client requirements. The market is expected to grow, driven by the increasing demand for sustainable and energy-efficient buildings. Additionally, the adoption of digital technologies, such as BIM and project management software, is transforming the industry.
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Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 13.77% |
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Market Growth 2024-2028 |
USD 9.65 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
11.83 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 33% |
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Key countries |
US, China, UK, France, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
4M SA Advanced Software Engineering Systems, ACCA software Spa, ANSYS Inc., Autodesk Inc., Bentley Systems Inc., Carlson Software Inc., Chetu Inc., CYPE Ingenieros, Dassault Systemes SE, Esri Global Inc., Hexagon AB, Innovaya LLC, Nemetschek SE, Newforma Inc., Oracle Corp., Procore Technologies Inc., Schneider Electric SE, Solutions AEC, Trimble Inc., and Vee Technologies Pvt. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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