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Global Architectural Engineering and Construction Market 2017-2021

Global Architectural Engineering and Construction Market 2017-2021

About Architectural Engineering and Construction

AEC solutions include both software and services used for the construction of large and complex residential, industrial, and commercial buildings. The solution includes features such as designing, building, operations, and management. The end-users of AEC solutions include architects, engineers, and contractors. The adoption of AEC solutions is increasing because they help to reduce the capital and time spent on the construction of buildings. Also, factors such as government mandates and support to use AEC solutions in construction projects are driving the global AEC market.

Technavio’s analysts forecast the global architectural engineering and construction market to grow at a CAGR of 11.80% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global architectural engineering and construction market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of architectural engineering and construction software licenses and services.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report Global Architectural Engineering and Construction Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Autodesk
  • AVEVA
  • Bentley Systems
  • Nemetschek
  • Trimble
Other prominent vendors
  • 4M
  • CadSoft EAGLE
  • CYPE Ingenieros
  • Dassault Systèmes
  • Innovaya
  • Integrated Environmental Solutions
  • Newforma
  • Virtual Build Technologies
Market driver
  • Reduction in project design time
  • For a full, detailed list, view our report
Market challenge
  • High cost of AEC software
  • For a full, detailed list, view our report
Market trend
  • Growth of 5D BIM
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Architectural Engineering and Construction Market 2017-2021

Technavio recognizes the following companies as the key players in the global architectural engineering and construction market: Autodesk, AVEVA, Bentley Systems, Nemetschek, and Trimble

Other Prominent Vendors in the market are: 4M, CadSoft EAGLE, CYPE Ingenieros, Dassault Systèmes, Innovaya, Integrated Environmental Solutions, Newforma, and Virtual Build Technologies

Commenting on the report, an analyst from Technavio’s team said: “Construction projects undertaken through 3D BIM do not provide a platform for the integration of time and cost factor. This has led to the emergence of 5D BIM, which takes more dimensions into consideration. 5D BIM can be considered as an evolution of 4D and 3D BIM.”

According to the report, the adoption of AEC reduces the project's design time by eliminating the need for paperwork. For instance, in 2015, BIM was adopted by architects and engineers for the Diamond Island project in Vietnam. BTA is a key player in Vietnam’s infrastructure and construction industry, and it adopted Autodesk BIM software for building the project. The project is expected to be a new architectural symbol in Ho Chi Minh City in Vietnam. The adoption of Autodesk BIM software reduced around 25% of project infrastructure cost related to design changes, reworks, change in orders, and request for information.

Further, the report states that the construction of a building requires efficient collaboration and information sharing between project members. Traditionally, this was done with drawings and documents, but the new requirements such as 2D or 3D CAD and facilities management drawings increased the adoption of BIM for effective information sharing. With project members using different tools for data collection, design, and analysis, interoperability has become a challenge for software vendors in the market. The lack of interoperability makes information sharing among members difficult because the differences in format make the construction process highly prone to errors. However, open BIM will help solve interoperability issues by ensuring file-level interoperability, syntax-level interoperability, visualization-level interoperability, and semantic-level interoperability. The adoption of open BIM is relatively moderate in the current market situation.

Companies Mentioned

Autodesk, AVEVA, Bentley Systems, Nemetschek, Trimble, 4M, CadSoft EAGLE, CYPE Ingenieros, Dassault Systèmes, Innovaya, Integrated Environmental Solutions, Newforma, Virtual Build Technologies.

  • Executive summary
  • Scope of the report
    • Definition
    • Market overview
      • Table Countries covered
    • Top-vendor offerings
      • Table Products offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Overview of AEC software
    • Market overview
      • Table Overview of global AEC market
  • Global construction industry
    • Global construction industry
      • Table List of international events 2016-2020
      • Table High-rise building projects (proposed and under construction)
      • Table Growth rate of construction industry 2015-2016 (%)
    • Growth forecast of construction industry
  • Global AEC market
    • Table Global AEC market 2016-2021 ($ billions)
  • Market segmentation by product
    • Market segmentation by product
      • Table Market segmentation by product 2016 and 2021 (% share)
    • Software
      • Table Global AEC software market 2016-2021 ($ billions)
    • Services
      • Table Global AEC services market 2016-2021 ($ billions)
  • Geographical segmentation
    • AEC market in EMEA
      • Table AEC market in EMEA 2016-2021 ($ billions)
    • AEC market in Americas
      • Table AEC market in Americas 2015-2020 ($ billions)
    • AEC market in APAC
      • Table AEC market in APAC 2016-2021 ($ billions)
  • Market drivers
    • Reduction in project design time
    • Rising demand for cloud-based AEC solutions
    • Need to improve construction quality
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Interoperability issues in BIM
    • High cost of AEC software
      • Table Cost of AEC software by vendor ($)
    • High training cost
      • Table Training courses and fees
    • Rise in use of open-source software
  • Impact of drivers and challenges
  • Market trends
    • Growth of 5D BIM
      • Table Dimensions of 5D BIM
      • Table Evolution of 5D BIM
    • Increased adoption of open BIM
    • Growth of virtualization process
      • Table Components of AEC software
  • Five forces model
    • Table Five forces analysis
  • Key vendor analysis
    • Competitive analysis
    • Vendor comparison
      • Table Autodesk and Bentley Systems: Comparison
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor profiles
    • Autodesk
      • Table Autodesk: Business segmentation by revenue 2016 (% share)
      • Table Autodesk: Business segmentation by revenue 2015 and 2016 ($ millions)
      • Table Autodesk: Geographical segmentation by revenue 2016 (% share)
      • Table Recent developments
    • AVEVA
      • Table AVEVA: Business segmentation by revenue 2015 (% share)
      • Table AVEVA: Geographical segmentation by revenue 2015 (% share)
      • Table Recent developments
    • Bentley Systems
      • Table Key products: Bentley Systems
      • Table Recent developments
    • Intergraph
      • Table Key products: Intergraph
      • Table Recent developments
    • Nemetschek
      • Table Nemetschek: Key products
      • Table Nemetschek: Business segmentation by revenue 2015 (% share)
      • Table Nemetschek: Business segmentation by product type 2015 (% share)
      • Table Nemetschek: Geographical segmentation by revenue 2015 (% share)
      • Table Recent developments
    • Trimble
      • Table Trimble: Business segmentation by revenue 2015 (% share)
      • Table Trimble: Business segmentation by product 2015 (% share)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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