About the Architectural Engineering and Construction Market
AEC solutions include both software and services for the construction of large and complex residential, industrial, and commercial buildings. It includes features such as designing, building, operations, and management. The major end-users of AEC solutions include architects, engineers, and contractors. There is widespread adoption of AEC solutions because it helps to reduce the capital and time spent on the construction of buildings. AEC solutions include BIM, CAD-based design solutions, design analysis solutions, and collaboration and construction management solutions.
The reduction in design time is a major factor contributing to the increased adoption of AEC solutions across industries. The solutions eliminate the need for paperwork and allow engineers to complete projects faster.
Technavio’s analysts forecast the global architectural engineering and construction market to grow at a CAGR of 10.75% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global architectural engineering and construction market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of AEC software licenses and services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Architectural Engineering and Construction Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Architectural Engineering and Construction Market: AVEVA, Autodesk, Bentley Systems, Intergraph, Nemetschek, and Trimble Navigation.
Other Prominent Vendors in the market are: 4M, Cadsoft, CYPE Ingenieros, Dassault Systèmes, DesignBuilder Software, Innovaya, Integrated Environmental Solutions, Newforma, and Virtual Build Technologies.
Commenting on the report, an analyst from Technavio’s team said: “The increased adoption of open BIM (building information modeling) is identified to be another major factor that will augment the growth of the market. BIM services provide a transparent platform for project participants to communicate effectively regardless of their enterprise software tools. BIM assists participants gain easy access to necessary data such as plant layout details, design details, and building-related documents, which will further increase the number of end-users preferring AEC.”
According to the report, the adoption of AEC reduces design time of projects as it eliminates the need for paperwork. For instance, the LEAP Bridge Enterprise solution by Bentley Systems was used to design pre-stressed concrete box girder bridges in India. The solution was used to analyze and design the South Kasheli Bridge in Maharashtra, India. With the use of the LEAP Bridge Enterprise solution, engineers were able to save 80% of the time spent on the construction of the South Kasheli Bridge. The engineers were able to complete the design of a box girder in 16 hours, which would usually take 128 hours if the conventional method of spread sheets and in-house design tools was used.
Further, the report states that the high cost of AEC software hinders the growth of the global AEC market.
AVEVA, Autodesk, Bentley Systems, Intergraph, Nemetschek, Trimble Navigation, 4M, Cadsoft, CYPE Ingenieros, Dassault Systèmes, DesignBuilder Software, Innovaya, Integrated Environmental Solutions, Newforma, Virtual Build Technologies.
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