Global Architectural Engineering and Construction Market 2017-2021

Published: Jan 2017 Pages: 56 SKU: IRTNTR11337

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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Table of Contents

PART 01: Scope of the report

  • Definition
  • Market overview
  • Top-vendor offerings

PART 02: Market research methodology

  • Research methodology
  • Economic indicators

PART 03: Introduction

  • Key market highlights
  • Overview of AEC software
  • Market overview

PART 04: Global construction industry

  • Global construction industry
  • Growth forecast of construction industry

PART 05: Global AEC market

PART 06: Market segmentation by product

  • Market segmentation by product
  • Software
  • Services

PART 07: Geographical segmentation

  • AEC market in EMEA
  • AEC market in Americas
  • AEC market in APAC

PART 08: Market drivers

  • Reduction in project design time
  • Rising demand for cloud-based AEC solutions
  • Need to improve construction quality

PART 09: Impact of drivers

PART 10: Market challenges

  • Interoperability issues in BIM
  • High cost of AEC software
  • High training cost
  • Rise in use of open-source software

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Growth of 5D BIM
  • Increased adoption of open BIM
  • Growth of virtualization process

PART 13: Five forces model

PART 14: Key vendor analysis

  • Competitive analysis
  • Vendor comparison
  • Other prominent vendors

PART 15: Key vendor profiles

  • Autodesk
  • AVEVA
  • Bentley Systems
  • Intergraph
  • Nemetschek
  • Trimble

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

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.

INFORMATION 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

DATA 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

REPORT 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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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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