Global Architectural Engineering and Construction Market 2017-2021

  • Published: Jan 2017
  • Pages: 56
  • SKU: IRTNTR11337
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This market research study identifies Autodesk, AVEVA, Bentley Systems, Nemetschek, and Trimble as the leading players in the global architectural engineering and construction (AEC) market. A comprehensive analysis of this market is also presented by the product (services and software) and geography (the Americas, APAC, and EMEA).

Overview of the global architectural engineering and construction (AEC) market

The global AEC market is anticipated to grow rapidly and will post a CAGR of close to 12% during the forecast period. The rising demand for cloud-based AEC solutions will drive the growth prospects for the global AEC market until the end of 2021. One of the major factors responsible for the growing demand for cloud-based AEC solutions is its ability to provide centralized access to AEC-based project data irrespective of location. Also, other benefits associated with cloud-based AEC such as accessibility on any operating system such as Windows, Apple, and Android. Furthermore, the availability of new cloud-based AEC solutions will increase during the forecast period because many end-users have begun to realize the associated benefits such as low maintenance cost, flexibility, and scalability of the solution.

The growth of 5D building information modeling (BIM) will drive the growth prospects for the global AEC market for the next few years. 5D BIM is considered as an evolution of 4D and 3D BIM that provides a platform for the integration of time and cost factor. Also, 5D BIM helps in obtaining information such as deviations from the pre-determined project schedule and budget, an in-house database with complete details regarding the cost and labor productivity rates, efficient preparation of cost schedules, etc.

Competitive landscape and key vendors

The global AEC market is characterized by the presence of well-diversified international and regional vendors. It has been observed that international players are focusing on expanding their foothold in the market by increasing their product extensions, technological innovations, and M&A, whereas, local vendors find it difficult to compete with large vendors in terms of quality and features of AEC solutions.

Key vendors in this market are -

  • Autodesk
  • AVEVA
  • Bentley Systems
  • Nemetschek
  • Trimble

Other prominent vendors in the market include 4M, CadSoft EAGLE, CYPE Ingenieros, Dassault Systèmes, Innovaya, Integrated Environmental Solutions, Newforma, and Virtual Build Technologies.

Segmentation by product and analysis of the AEC market

  • Services
  • Software

The software segment accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. With the growth in the global construction industry, the purchase of AEC software has significantly increased since 2010.

Segmentation by geography and analysis of the AEC market

  • Americas
  • APAC
  • EMEA

In terms of geography, APAC is one of the fastest growing regions and will continue to grow during the forecasted period. Increased government initiatives that promote the adoption of AEC for public and private construction projects will drive the market’s growth prospects in this region.

Key questions answered in the report include

  • What will the global architectural engineering and construction (AEC) market size and the growth rate be in 2021?
  • What are the key factors driving the global architectural engineering and construction (AEC) market?
  • What are the key market trends impacting the growth of the global architectural engineering and construction (AEC) market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global architectural engineering and construction (AEC) market?
  • What are the market opportunities and threats faced by the vendors in the global architectural engineering and construction (AEC) market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global architectural engineering and construction (AEC) market?

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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