The global architectural engineering and construction market was valued at over USD 4 billion in 2016 and is expected to surpass USD 7 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global architectural engineering and construction market, under its product lifecycle management portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Autodesk, AVEVA, Bentley Systems, Nemetschek, and Trimble.
According to Amrita Choudhury, a lead analyst for product lifecycle management research at Technavio, “The cloud-based AEC solutions available in the market enables centralized access to AEC-based project data irrespective of location and will result in the growth of the market. Moreover, these systems run on a remote server in an AEC-enabled project cloud ensure easy accessibility.”
These solutions are designed to be accessed by local applications on a PC, laptop, tablet, or smartphone and through any operating system such as Windows, Apple, and Android. The information stored on these cloud platforms is stored in a centrally located database so that the entire team can access at all time.
Click here to request a free sample of this report
Increased adoption of open BIM
BIM are building SMART Data Model that provides the project participants with a transparent platform to communicate efficiently, regardless of their enterprise software tools. This software solution also offers a common platform for easy admission to essential data such as plant layout details, design details, and building-related documents or data for the project life cycle, which will result in the growth of the market.
Growth of virtualization process
The use of virtualization in the designing processes provides a realistic view of a building image. This technique offers features such as lighting that include both natural and artificial and landscaping with a realistic look. This process also offers an advanced way of promoting buildings and projects to various end-users.
Ask an analyst to know more about this report
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Architectural Engineering and Construction Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Architectural Rendering Software Market 2016-2020
- Global Construction Paints and Coatings Market 2016-2020
- Global Construction Estimation Software Market 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
