Press "Enter" to skip to content

AEC Market Size, Share, Trends & Industry Growth Analysis Report to 2023-2030

The global AEC market size was worth around USD 8.9 Billion in 2022 and is estimated to grow to about USD 16.5 Billion by 2030, with a compound annual growth rate (CAGR) of approximately 10.20 percent over forecast period.

???? Click Here to access The Full market Report :

➤ It is probable that the expansion of infrastructure projects will provide more favorable growth prospects.

The requirement for new structures, malls, and workplaces is increasing as the global population expands, as a result of the emergence of initiatives such as high-speed roadways and smart cities. Consequently, AEC software is being implemented by critical stakeholders to ensure the efficient and effective execution of these projects. The building sector has experienced rapid growth in the Middle East and the majority of the rapidly expanding Asia Pacific nations, including China and India.

➤ The expansion of the global market is anticipated to be impeded by the high initial costs.

The initial cost of architecture, engineering, and construction (AEC) software is substantial, despite the numerous benefits and cost savings associated with it. For instance, Revit software from Autodesk is priced between USD 3,000 and USD 5,000. In addition to the program’s cost, the cost of training and services is also substantial. The high initial cost of AEC may impede market expansion as a consequence.

➤ The construction industry is expected to experience significant opportunities for market expansion as a result of the growing trend of IoT.

The utilization of IoT in construction can simplify the modeling and ordering processes, and the necessary material can be delivered directly to the construction site, thereby eradicating the need for ordering time. Also, IoT technologies can be advantageous for prefabrication. The utilization of prefabricated building components in lieu of conventional construction methods can lead to more cost-effective and superior solutions, as well as decreased construction detritus. Conversely, it may be challenging to coordinate the entire construction lifecycle when utilizing prefabrication for significant commercial construction projects. Consequently, the Internet of Things (IoT) can be of assistance in resolving this matter.

➤ The market’s expansion is significantly hindered by the scarcity of qualified professionals.

There is still a dearth of technical professionals who are trained in the construction industry in numerous regions worldwide. Companies are encountering challenges in obtaining training due to their involvement in two of the most fast-paced and challenging industries. Additionally, the task becomes considerably more challenging when personnel are obliged to employ antiquated technology, which diminishes productivity. Additionally, the AEC industry is experiencing a shortage of talent, rather than just architects and engineers. The disparity between available employment and available talent is significantly greater.

???? Get more info :

The Global AEC Market is segmented based on product, application and region

Global AEC Market: Product Segment Analysis

● Solution
● Service

Global AEC Market: Application Segment Analysis

● Construction & Architecture Companies
● Education
● Others

Click on This Below link to see Similar Reports :

The global AEC market profiles key players such as:

● Autodesk inc.
● Bentley system inc.
● Aveva Group plc.
● Trimble inc.
● ACCA Software
● 4M Group
● Esri India Technologies Private Limited
● Procore Technologies Inc.
● Construsoft B.V.
● Ansys Inc.
● Dassault systems
● Nemetschek
● Ansys
● Newforma
● Hexagon AB
● Innovaya

???? Recent Developments

• In March 2022, ACCA Software, a leading international developer of AEC software, announced the release of its edition of Edificius, a 3D building design software. The most recent 3D building design software from ACCA is equipped with a point cloud that facilitates performance optimization management, import, and variant viewing capabilities. Additionally, this software optimizes material texture management, which results in substantial labor savings.

• Egnyte, a leader in cloud content security and governance, expanded its Egnyte for Architecture, Engineering, and Construction product line in March 2022 to include a plethora of new features. Egnyte’s AEC Leadership Forum, a virtual gathering that concentrated on information management in the AEC industry, introduced the AEC-specific capabilities, which include enhanced integration with Procore, a significant construction management software.

➤ North America is expected to maintain its dominance over the global market throughout the forecast period.

In 2021, the global AEC market was primarily dominated by North America. This is a result of the substantial growth of the building and infrastructure industry, which has led to an increase in the demand for automation in the construction and architectural sectors, as well as the adoption of artificial intelligence. Conversely, the Asia Pacific market is expanding at an unprecedented pace.

???? Get Customization Report :

About Us :

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database.

Contact Us:

Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714 USA/Canada Toll-Free No.1-855-465-4651
Email: [email protected]

Ritesh Author
Sorry! The Author has not filled his profile.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *