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 a significant trend driving market growth. Traditional methods of storing project data on local hard drives often result in limited storage capacity and inefficient communication among team members. Cloud-based AEC solutions offer a centralized platform for accessing project data from anywhere, allowing for increased productivity and collaboration. These solutions are hosted on remote servers within AEC-enabled project clouds, accessible via local applications on various devices such as PCs, laptops, tablets, or smartphones. The advantage of cloud-based AEC solutions is their compatibility with multiple operating systems, including Windows, Apple, and Android. This flexibility enhances accessibility and streamlines project management. 

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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

The Architectural Engineering and Construction Solutions (AECS) market encompasses various aspects of conceptual design, budgeting, project management, site selection, and execution for architectural, engineering, and construction projects. This includes urbanization initiatives, energy-efficient buildings, and the implementation of AEC software such as BIM and 3D modeling tools. Additionally, cloud-based solutions, AI, VR, and smart city development are driving innovations in this sector. The market caters to designers, construction planners, and MEP projects, and is influenced by international trade, economic growth, corporate profits, outsourcing, and privatization.

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 operating within the non-residential sector. Key growth drivers for the AECS market include escalating investments in urban infrastructure, necessitating expansion of transportation networks, communications services, and essential utilities such as 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/