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NEW YORK, Oct. 17, 2022 /PRNewswire/ -- Technavio has been monitoring the architectural engineering and construction solutions (AECS) market, operating in the IT software industry. The report estimates it to register an incremental growth of USD 6.41 billion,at a CAGR of 11.7% during the forecast period. The global AECS market is characterized by the presence of well-diversified international and regional vendors. Competitors have to focus on performance, innovation, cost, and financial stability to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Free Sample Report.

Technavio has announced its latest market research report titled Global Architectural Engineering and Construction Solutions (AECS) Market 2022-2026

Architectural Engineering and Construction Solutions (AECS) Market Vendors

We provide a detailed analysis of around 25 vendors operating in the Architectural Engineering and Construction Solutions (AECS) Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Architectural Engineering and Construction Solutions (AECS) Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

4M Group

ACCA software Spa

ANSYS Inc.

Autodesk Inc

AVEVA Group Plc

Bentley Systems Inc.

CYPE Ingenieros SA

Dassault Systemes SE

Esri

GEOTEC Software Inc.

Hexagon AB

Innovaya LLC

Integrated Environmental Solutions Ltd.

Nemetschek SE

Newforma Inc.

Oracle Corp.

Procore Technologies Inc.

Trimble Inc.

Virtual Build Technologies

Construsoft B.V.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download a Sample Report.

Architectural Engineering and Construction Solutions (AECS) Market Driver

The increasing need for managing large-scale projects is notably driving the architectural engineering and construction solutions (AECS) market growth.Currently, organizations are focusing on cultivating and managing the resources necessary for efficient product output, which increases the need for efficient solutions for themanagement of large-scale construction projects. The primary purpose ofAECS is to automate processes to ensure maximizedoutputby managing resources and maintaining regular follow-up. Automated services increase connectivity so that organizations can handle project-related inquiries easily and effectively. Also, automation decreases response time and increases productivity, which ensures efficient process management. By using AEC solutions, revenue possibilities can be rapidly increased by calculating conversion ratios and running reports to track the metrics detailed as per customer demand. These features reduce the operating time. Thus, such benefits associated with the adoption of AECS will drive the growth of the market in focus during the forecast period.

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Architectural Engineering and Construction Solutions (AECS) Market Challenge

Thechallenges associated with open-source platforms is the major challenge impeding thearchitectural engineering and construction solutions (AECS) market growth.With the rising demand for digitalization in the current market scenario, the demand for open-source software has increased in the market. Open-source vendors provide a wide range of business analytics tools and applications. These types of feature-rich software are freely available on the Internet. Hence, several small and emerging enterprises use them, as the purchasing and licensing costs of commercial software are high. Also, the primary and common features that are provided in the proprietary are available in most of the open-source AECS. Open-source software can be downloaded and run on all platforms, posing stiff competition to commercial BIM software. Free BIM viewer, Standard office application-based BIM, BIM software toolkit, BIM as a bolt-on for CAD software, BIMx from GRAPHISOFT, BuildTools, eSUB, Estimator Application, and GenieBelt are some of the common open-source AEC solutions available in the market. Open-source platforms can be easily tested before implementation, and this makes them suitable for rapid prototyping and experimentation. In addition, open-source platforms are peer-reviewed software, which leads to better reliability. Thus, such factors might hamper the growth of the global AECS market during the forecast period.

To know about the additional drivers and challenges. Request a Sample Report

Architectural Engineering and Construction Solutions (AECS) Market 2022-2026: Segmentation

Based on geographic segmentation, 35%of the market's growth originated from North America during the forecast period. In addition, software led the growth of the product segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the superfood powders market size.

Product

Deployment

Geography

Architectural Engineering and Construction Solutions (AECS) Market 2022-2026: Scope

Architectural Engineering and Construction Solutions (AECS) Market 2022-2026: Key Highlights

CAGR of the market during the forecast period 2022-2026

Detailed information on factors that will assist architectural engineering and construction solutions (AECS) marketgrowth during the next five years

Estimation of the architectural engineering and construction solutions (AECS) marketsize and its contribution to the parent market

Predictions on upcoming trends and changes in consumer behavior

The growth of the architectural engineering and construction solutions (AECS) market

Analysis of the market's competitive landscape and detailed information on vendors

Comprehensive details of factors that will challenge the growth of the architectural engineering and construction solutions (AECS) market, vendors

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Architectural Engineering And Construction Solutions (AECS) Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.7%

Market growth 2022-2026

USD 6.41 billion

Market structure

Fragmented

YoY growth (%)

10.58

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key consumer countries

US, China, Japan, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

4M Group, ACCA software Spa, ANSYS Inc., Autodesk Inc, AVEVA Group Plc, Bentley Systems Inc., CYPE Ingenieros SA, Dassault Systemes SE, Esri, GEOTEC Software Inc., Hexagon AB, Innovaya LLC, Integrated Environmental Solutions Ltd., Nemetschek SE, Newforma Inc., Oracle Corp., Procore Technologies Inc., Trimble Inc., Virtual Build Technologies, and Construsoft B.V.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Market Segmentation by Deployment

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: http://www.technavio.com/

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Architectural Engineering And Construction Solutions (AECS) Market Size to grow by USD 6.41 Bn, Driven by the Increasing Need for Managing Large-Scale...