Architecture, Engineering, and Construction (AEC) Software Industry: 2028

1. Architecture, Engineering, and Construction (AEC) Software Industry: Global Trends and Market AnalysisBy2028 According to a recent report published by Allied Market Research, the AEC Market size was valued at $7,188.00 Million in 2020, and is projected to reach $15,842.00 Million by 2028, growing at a CAGR of 10.7% from 2021 to 2028. Software designed for architecture, engineering, and construction is utilized by real estate entities, construction companies, surveyors, interior designers, and mechanical and electrical piping engineers to facilitate efficient project life cycle management. The primary goal of this software is to improve project performance and yield superior results. It enables construction managers to collect data and information from diverse disciplines, fostering more effective communication. The heightened coordination and communication among stakeholders, architects, and construction supervisors, along with enhanced construction productivity, gives architecture, engineering, and construction software users a competitive advantage. Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.alliedmarketresearch.com/request-sample/11955 The global market is propelled by various factors, including the expansion of infrastructure projects due to rapid urbanization, enhanced productivity through information exchange, and compliance with government regulations mandating the use of AEC software. Despite these drivers, challenges such as the high initial implementation costs and a shortage of skilled workers in the industry pose constraints on the market globally. Additionally, opportunities are anticipated to arise during the forecast period with the increasing adoption of Augmented Reality (AR) and Virtual Reality (VR) in the construction industry, along with the growing implementation of the Internet of Things (IoT) in various construction projects. Inquiry Before Purchasing

2. The report focuses on the growth prospects, restraints, and AEC market analysis. The study provides Porter’s five forces analysis of Architecture, engineering, and construction industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the AEC market trends. Impact of Covid-19 on AEC Market: • AEC software as companies preferred to continue projects in a virtual and digital environment. The Covid-19 pandemic had a somewhat positive impact on the demand for • constructing highways, homes, and commercial places, which increased the demand for AEC software. The pandemic encouraged companies to find smarter and safer ways of Region wise, Asia-Pacific is expected to exhibit highest growth during the forecast period, as adoption of AEC software is prominent in this region, owing to growing construction sector in this region. Surge in multi-story and skyscrapers buildings as well as ongoing developments in infrastructure in this region are expected to be the key factors facilitating growth of the AEC Market. In addition, governments of various Asian countries are implementing regulations to mandate adoption of architecture, engineering, and construction software for constructions. For instance, India, Japan, and South Korea have mandated use of architecture, engineering, and construction software for public buildings. For instance, in April 2019, Capgemini China signed an agreement with Autodesk Inc. to provide cloud- based AEC and BIM platform to customers in the region, which, in turn, drives the market growth.

3. Key Benefits For Stakeholders: •The study provides an in-depth analysis of AEC market along with the current trends and future estimations to elucidate the imminent investment pockets. •Information about key drivers, restraints, and opportunities and their impact analysis on the AEC market size is provided. •Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the architecture, engineering, and construction (AEC) market. •The quantitative analysis of the AEC market from 2020 to 2028 is provided to determine the architecture, engineering, and construction (AEC) industry potential. Purchase Architecture, Engineering, and Construction (AEC) Market Market Report Key Questions Answered in the Intelligent Study •What is the market size and growth rate of the global and regional market by various segments? •What is the market size and growth rate of the market for selective countries? •Which region or sub-segment is expected to drive the market in the forecast period? •What Factors are estimated to drive and restrain the market growth? •What are the key technological and market trends shaping the market? •What are the key opportunities in the market? •What are the key companies operating in the market? •Which company accounted for the highest market share? Segmental Analysis:

4. By Application •Construction & Architecture Companies •Education •Others By Enterprise size •Large enterprises •Small and Medium sized Enterprises (SMEs) By Components •Solution •Service By Region •North America (U.S., Canada) •Europe (Germany, UK, France, Rest of Europe) •Asia-Pacific (Japan, China, India, Rest of Asia-Pacific) •LAMEA (Latin America, Middle East, Africa) Major Market Players: •Autodesk Inc. •Bentley System Inc. •Aveva Group Plc.

5. •Trimble Inc. •Dassault Systemes •Nemetschek •Ansys •Newforma •Hexagon AB •Innovaya About Us: Allied Market Research (AMR) is a full-service market research and business- consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains. Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa 5933 NE Wi Toll-Free: 1-800-792-5285 UK: +44-845-528-1300n Sivers Drive #205, Portland, OR 97220 United States Hong Kong: +852-301-84916 India (Pune): +91-20-66346060

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