What is Architecture, Engineering and Construction (AEC) Software Market?
Architecture, Engineering, and Construction (AEC) Software is computer visualization usage that can cover the whole lifecycle of a product from the presentation of initial concepts to the final stages of production and can also extend to maintenance issues. This software can help in every stage of the project comprising drafting & documenting, designing, visualizing & analyzing.
The market study is being classified by Type (Design Automation, Product Design & Testing, Plant Design, Drafting and 3D Modeling and Others), by Application (Buildings, Industrial, Civil Infrastructure, Oil & Gas, Utilities and Others) and major geographies with country level break-up.
Autodesk (United States), AVEVA Group (United Kingdom), PTC (United States), Bentley Systems (United States), Dassault Systèmes (France), ANSYS (United States), Computers and Structures, Inc. (United States), Trimble, Inc. (United States), Mathsoft (United States), Archon Engineering (United States) and Intergraph (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Carlson Software (United States), Construsoft B.V. (Netherlands), GEOTEC Software (Canada), Foresoft Pty Ltd (Australia), Carlson Software, Inc. (United States), Roads & Bridges (United States) and Esri (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Architecture, Engineering and Construction (AEC) Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Architecture, Engineering and Construction (AEC) Software market by Type, Application and Region.
On the basis of geography, the market of Architecture, Engineering and Construction (AEC) Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Construction Industry across the Worldwide
- Rising Urbanization and Infrastructural Projects in Developing Economies
- Increasing Popularity of Architecture, Engineering and Construction’s among the Engineers and Architectures
Market Trend
- Rising Popularity of IoT and Virtual Reality
- Growing Trends in Building Information Modeling
Restraints
- Cyber Security Threats and High Cost of Software may Hinder the Market Growth
Opportunities
- Technological Advancements and Development in Architecture, Engineering, and Construction (AEC) Software
- Rising Construction Projects and Governments Infrastructure Development Project among the Developing Countries
Challenges
- Lack of Skilled Working Professionals
Market Leaders and some development strategies
On 13 May 2019, Bentley Systems, Incorporated has announced the availability of OpenSite Designer, its integrated application for the civil site and land development workflows across conceptual, preliminary, and detailed design phases. OpenSite Designer advances BIM through comprehensive 3D site design, spanning reality modelling of site conditions from drone imagery and scans, geotechnical analysis, terrain modelling, site layout and grading optimization, stormwater drainage modelling and analysis, underground utilities modelling, detailed drawing production, and enlivened visualizations.
Key Target Audience
Architecture, Engineering, and Construction (AEC) Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others