Latest News- Architectural Engineering And Construction Solutions (AECS) Market: Software is expected to lead the Product segment during 2025-2029

The Architectural Engineering And Construction Solutions (AECS) Market is being driven by Increasing requirements for large-scale project management

The Architectural Engineering And Construction Solutions (AECS) Market is expected to grow at a CAGR of 14.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 11962.3 million. In the Architectural Engineering and Construction (AEC) industry, cloud-based collaboration is revolutionizing the market by offering centralized access to project data from anywhere, eliminating the limitations of local storage. Cloud-based AEC solutions run on remote servers in a project-specific cloud, allowing users to access the software via local applications on various devices, including PCs, laptops, tablets, and smartphones. This flexibility extends to compatibility with multiple operating systems, such as Windows, Apple, and Android, enhancing efficiency and productivity. The demand for cloud-based AEC solutions continues to surge due to their ability to facilitate seamless collaboration and real-time data sharing among team members, ultimately driving innovation and growth within the industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Software
  • Services
• Deployment
  • On-premises
  • Cloud-based
• Sector
  • Large enterprises
  • SMEs
• End-user
  • Construction and architecture
  • Education
  • Others
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing requirements for large-scale project management
• Reduction in design time in construction industry
• Growth of global construction industry

However, the market also witnesses some limitations, which are as follows:

• Competition from open-source software
• Interoperability issues associated with AEC solutions
• High initial costs associated with AECS

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Market Scope in Architectural Engineering And Construction Solutions (AECS) Market Research Report

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Research Analysis Overview

Architectural Engineering and Construction Solutions (AECS) Market encompasses innovative offerings in conceptual design, project management, site selection, and construction efficiency. It includes cloud-based solutions for AEC, artificial intelligence (AI), and virtual reality (VR) in architectural and construction projects. Smart cities, Building Information Modeling (BIM) software, and 3D modeling tools promote economic growth and corporate profits. Sustainable design, engineering solutions, and infrastructure projects leverage digital workflows, resource efficiency, and construction innovation. Intelligent processing, building systems, and smart buildings ensure energy efficiency and intelligent energy management.

Market Research Overview

The Architectural Engineering and Construction Solutions (AECS) market encompasses businesses specializing in non-residential construction, including engineering service providers and Engineering, Procurement, and Construction (EPC) contractors. This market excludes entities involved in residential construction. According to Technavio, the global AECS market size is determined by the consolidated revenue generated by engineering firms and EPC contractors functioning in the non-residential sector. Key growth drivers for the AECS market include escalating investments in urban infrastructure, necessitating the expansion of transportation and communication networks, as well as the provision of essential utilities like water and electricity, in response to burgeoning urban populations.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/