Report Code: CMI40841

Published Date: February 2024

Pages: 320+

Category: Technology

Report Snapshot

CAGR: 9.7%
8.10B
2022
9.17B
2023
21.89B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Autodesk Inc.
  • Bentley Systems Incorporated
  • Trimble Inc.
  • Dassault Systèmes
  • Procore Technologies
  • Others

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Reports Description

The Global Architecture, Engineering, and Construction (AEC) Software Market is anticipated to experience substantial growth from 2023 to 2032, driven by the increasing demand for efficient and collaborative software solutions in the AEC industry.

The market is projected to achieve a Compound Annual Growth Rate (CAGR) of approximately 9.7% during this period. In 2023, the market is estimated to be valued at USD 9.17 Billion and is expected to reach USD 21.89 Billion by 2032.

AEC software plays a pivotal role in streamlining design, project management, and construction processes, contributing to enhanced efficiency and collaboration within the industry.

AEC Software Market – Overview

The AEC Software Market involves the development and deployment of software solutions tailored for the Architecture, Engineering, and Construction industries. These solutions encompass various segments, including design software, construction management software, and project management software.

The market’s growth is fueled by the increasing complexity of architectural and construction projects, the need for real-time collaboration among stakeholders, and the desire for cost and time-efficient project delivery. AEC software solutions contribute to better decision-making, improved communication, and enhanced overall project outcomes.

However, challenges such as interoperability issues, the learning curve associated with adopting new technologies, and the dynamic nature of project requirements pose considerations for industry stakeholders. The market’s expansion is supported by the growing awareness among AEC professionals about the transformative impact of advanced software solutions in optimizing their workflows and project lifecycles.

The global AEC software market is driven by the growing recognition of the importance of technology in enhancing efficiency and collaboration in the AEC industry. Professionals in architecture, engineering, and construction are increasingly adopting software solutions to address the challenges of project complexity, tight timelines, and the need for seamless communication among stakeholders.

These solutions play a critical role in streamlining the design process, improving project management, and facilitating effective collaboration throughout the construction lifecycle. A significant impetus for AEC software adoption comes from the increasing demand for sustainable and smart building practices, as well as the need to meet stringent regulatory requirements.

With the digitization of the AEC industry, organizations are leveraging software solutions to stay competitive, deliver high-quality projects, and meet clients’ evolving demands. The AEC Software Market is witnessing growth due to widespread adoption across various industry segments, highlighting the significance of advanced software tools in modern architectural and construction practices.

The adoption of AEC software solutions by diverse professionals in the industry is a key driver behind market expansion. These solutions play a crucial role in improving design accuracy, project planning, and collaboration among architects, engineers, and contractors, contributing to the overall evolution of the AEC Software Market.

Additionally, the capability of AEC software to reduce project timelines and enhance communication across teams further fuels its growth trajectory. As organizations recognize the importance of leveraging technology to streamline their workflows and improve project outcomes, many are expected to increase their investment in advanced

AEC software solutions. This strategic approach aims to address the complexities of modern architectural and construction projects, ensuring efficient and collaborative processes. Consequently, the global AEC Software Market is anticipated to experience sustained growth over the forecast period, driven by the ongoing efforts of industry professionals to embrace digital transformation and innovation in their practices.

The market is experiencing robust growth due to the substantial expansion witnessed in the global residential, commercial, and construction sectors. AEC Software has become an integral tool for designers and construction planners, offering efficient project management capabilities.

This is particularly relevant amid the rapid urbanization trend, where there is a rising need for cost-effective and personalized design solutions, ultimately fostering market growth. Furthermore, the widespread adoption of AEC Software by professionals and architects for detailed layout planning, coupled with the utilization of a three-dimensional (3D) model-based approach in construction projects, serves as a significant catalyst for market expansion.

The market is also propelled by the escalating demand for advanced tools that enable the creation of high-quality and high-performing building and infrastructure designs through conceptual and detailed design approaches. This heightened emphasis on design quality is contributing to the overall growth of the AEC Software market.

Additionally, the implementation of various government initiatives mandating the use of AEC software in the construction of public buildings is acting as a key driver, further propelling market growth. These initiatives underscore the industry’s recognition of the pivotal role AEC software plays in achieving enhanced project outcomes, aligning with modern construction practices and standards.

AEC Software Market – Growth Factors

Digital Transformation in AEC:

  • Opportunity: Increasing adoption of digital technologies in the AEC industry.
  • Impact: Growing demand for AEC software solutions to optimize design, project management, and construction processes.

Collaborative Workflows:

  • Opportunity: Emphasis on collaborative workflows among AEC professionals.
  • Impact: Increased adoption of AEC software for real-time collaboration, improved communication, and enhanced project outcomes.

Efficiency and Cost Savings:

  • Opportunity: Desire for efficiency and cost savings in AEC projects.
  • Impact: AEC software solutions contribute to better decision-making, streamlined workflows, and reduced project costs.

Sustainable Building Practices:

  • Opportunity: Growing demand for sustainable and smart building practices.
  • Impact: Adoption of AEC software to support sustainable design, construction, and project management practices.

Regulatory Compliance:

  • Opportunity: Stringent regulatory requirements in the AEC industry.
  • Impact: AEC software helps organizations meet regulatory standards and ensure compliance with industry regulations.

Global Architecture, Engineering, and Construction (AEC) Software Market 2023–2032 (By Product Insights)

www.custommarketinsight.com

Interoperability Challenges:

  • Challenge: Interoperability issues among different AEC software solutions.
  • Impact: Hindered seamless collaboration and data exchange between diverse software platforms used by AEC professionals.

Learning Curve:

  • Challenge: Learning curve associated with adopting new AEC software technologies.
  • Impact: Initial resistance and slower adoption rates among professionals unfamiliar with advanced software tools.

Dynamic Project Requirements:

  • Challenge: Dynamic nature of project requirements in the AEC industry.
  • Impact: Difficulty in adapting software solutions to evolving project needs, leading to potential inefficiencies.

AEC Software Market – Trends

In the current landscape of the AEC Software Market, several trends are shaping the industry. Cloud-based AEC software solutions are gaining traction, offering flexibility, scalability, and improved accessibility.

The integration of Building Information Modeling (BIM) technology into AEC software is becoming prevalent, enabling comprehensive digital representations of construction projects. AEC professionals are also increasingly adopting mobile-friendly software applications to enhance on-site collaboration and data access.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

AEC Software Market Autonomous Mobile Robot Market LegalTech Market
CAGR 9.7% (Approx) CAGR 22% (Approx) CAGR 8.5% (Approx)
USD 21.89 Billion by 2032 USD 9.9 Billion by 2032 USD 21.4 Billion by 2032

AEC Software Market – Restraint Factors

Interoperability Challenges:

  • Challenge: Interoperability issues among different AEC software solutions.
  • Impact: Hindered seamless collaboration and data exchange between diverse software platforms used by AEC professionals.

Learning Curve:

  • Challenge: Learning curve associated with adopting new AEC software technologies.
  • Impact: Initial resistance and slower adoption rates among professionals unfamiliar with advanced software tools.

Dynamic Project Requirements:

  • Challenge: Dynamic nature of project requirements in the AEC industry.
  • Impact: Difficulty in adapting software solutions to evolving project needs, leading to potential inefficiencies.

Market Saturation:

  • Challenge: Increasing competition leads to market saturation.
  • Impact: Difficulty for new entrants to gain traction and differentiation in a crowded market.

AEC Software Market – Segmentation Analysis

By Product Type:

The report has meticulously dissected the architecture, engineering, and construction (AEC) market, offering a thorough breakdown and analysis based on product categories, which comprise software and services. As indicated in the report, the software segment emerged as the largest within this classification.

By Deployment Mode:

In terms of deployment mode, AEC Software is categorized as Cloud-based and On-Premises. In 2022, Cloud-based deployment dominated the market, capturing a substantial share of 56.88%, and is poised for continued growth with a projected CAGR of 10.5% throughout the forecast period. On-premises deployment constituted the second-largest market segment in 2022.

Cloud-based deployment offers the advantages of accessibility, flexibility, and scalability, making it a preferred choice for AEC professionals. With the ability to access software and project data from anywhere, Cloud-based AEC software solutions enhance collaboration and enable real-time updates.

On-premises deployment, while still relevant, is gradually giving way to the Cloud due to the benefits offered by Cloud-based solutions. The ongoing shift towards remote work and the need for on-demand access to project information are driving the adoption of Cloud-based AEC software deployment.

As security concerns associated with Cloud-based solutions are addressed through advanced encryption and authentication measures, the trend toward Cloud deployment is expected to persist, maintaining a significant market share throughout the projection period.

Global Architecture, Engineering, and Construction (AEC) Software Market 2023–2032 (By Deployment Mode Insights)

www.custommarketinsight.com

By End User:

In the realm of AEC Software end users, the classification includes Architects, Engineers, and Contractors. In 2022, Engineers emerged as the leading end user, commanding a significant market share of 38.75%, and are anticipated to sustain growth with a projected CAGR of 11.2% during the forecast period.

Architects held the position of the second-largest market in 2022. Engineers play a pivotal role in the AEC industry, driving the demand for software solutions that support detailed design, analysis, and project execution.

AEC software tailored for engineers often includes tools for structural analysis, simulation, and modeling. Architects, on the other hand, rely on AEC software for design creation, visualization, and collaboration with project stakeholders.

As the industry emphasizes collaboration among different professionals, Contractors also represent a crucial end user segment, seeking AEC software solutions that facilitate project management, scheduling, and coordination. The diverse needs of architects, engineers, and contractors contribute to the varied landscape of AEC software applications, with solutions tailored to specific roles within the industry.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 9.17 Billion
Projected Market Size in 2032 USD 21.89 Billion
Market Size in 2022 USD 8.10 Billion
CAGR Growth Rate 9.7% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Product Insights, Deployment Mode Insights, Enterprise Size Insights, End User Insights and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

AEC Software Market – Regional Analysis

In 2020, North America asserted its dominance in the AEC Software market, capturing a substantial market share of approximately 35%. The region’s leading position can be attributed to the early adoption of advanced technologies, high investments in infrastructure projects, and the presence of major AEC software vendors.

North America is home to a large number of architectural and engineering firms that are keenly embracing digital transformation to enhance their project outcomes. Additionally, the region’s construction industry is characterized by a focus on sustainable and smart building practices, driving the demand for innovative AEC software solutions.

According to the U.S. Bureau of Labor Statistics, the architectural, engineering, and construction industries in the United States are projected to experience steady growth, with employment in these sectors expected to increase by 4.2% over the forecast period.

The adoption of Building Information Modeling (BIM) technology is a notable trend in North America, with AEC professionals leveraging advanced software solutions to create comprehensive digital representations of construction projects.

The region’s commitment to technological innovation, coupled with the increasing emphasis on sustainable and resilient infrastructure, positions North America as a key player in the global AEC Software market.

Global Architecture, Engineering, and Construction (AEC) Software Market 2023–2032 (By Billion)

www.custommarketinsight.com

List of the prominent players in the AEC Software Market:

  • Autodesk Inc.
  • Bentley Systems Incorporated
  • Trimble Inc.
  • Dassault Systèmes
  • Procore Technologies
  • Oracle Corporation
  • Computers and Structures Inc.
  • Nemetschek Group
  • Aconex (Oracle)
  • AVEVA Group plc
  • Buildertrend
  • Bluebeam Inc.
  • Asite Solutions Ltd.
  • RIB Software SE
  • Newforma
  • Others

The AEC Software Market is segmented as follows:

By Product Insights

  • Software
  • Services

By Deployment Mode Insights

  • On-premises
  • Cloud-based

By Enterprise Size Insights

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By End User Insights

  • Construction and Architecture Companies
  • Education
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Architecture, Engineering, and Construction (AEC) Software Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Architecture, Engineering, and Construction (AEC) Software Market: snapshot
  • Chapter 3. Global Architecture, Engineering, and Construction (AEC) Software Market – Industry Analysis
    • 3.1 Architecture, Engineering, and Construction (AEC) Software Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Digital Transformation in AEC
      • 3.2.2 Collaborative Workflows
      • 3.2.3 Efficiency and Cost Savings
      • 3.2.4 Sustainable Building Practices
      • 3.2.5 Regulatory Compliance
      • 3.2.6 Interoperability Challenges
      • 3.2.7 Learning Curve
      • 3.2.8 Dynamic Project Requirements.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Product Insights
      • 3.7.2 Market Attractiveness Analysis By Deployment Mode Insights
      • 3.7.3 Market Attractiveness Analysis By Enterprise Size Insights
      • 3.7.4 Market Attractiveness Analysis By End User Insights
  • Chapter 4. Global Architecture, Engineering, and Construction (AEC) Software Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Architecture, Engineering, and Construction (AEC) Software Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Architecture, Engineering, and Construction (AEC) Software Market – Product Insights Analysis
    • 5.1 Global Architecture, Engineering, and Construction (AEC) Software Market Overview: By Product Insights
      • 5.1.1 Global Architecture, Engineering, and Construction (AEC) Software Market Share, By Product Insights, 2022 and – 2033
    • 5.2 Software
      • 5.2.1 Global Architecture, Engineering, and Construction (AEC) Software Market by Software, 2024 – 2033 (USD Billion)
    • 5.3 Services
      • 5.3.1 Global Architecture, Engineering, and Construction (AEC) Software Market by Services, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Architecture, Engineering, and Construction (AEC) Software Market – Deployment Mode Insights Analysis
    • 6.1 Global Architecture, Engineering, and Construction (AEC) Software Market Overview: By Deployment Mode Insights
      • 6.1.1 Global Architecture, Engineering, and Construction (AEC) Software Market Share, By Deployment Mode Insights, 2022 and – 2033
    • 6.2 On-premises
      • 6.2.1 Global Architecture, Engineering, and Construction (AEC) Software Market by On-premises, 2024 – 2033 (USD Billion)
    • 6.3 Cloud-based
      • 6.3.1 Global Architecture, Engineering, and Construction (AEC) Software Market by Cloud-based, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Architecture, Engineering, and Construction (AEC) Software Market – Enterprise Size Insights Analysis
    • 7.1 Global Architecture, Engineering, and Construction (AEC) Software Market Overview: By Enterprise Size Insights
      • 7.1.1 Global Architecture, Engineering, and Construction (AEC) Software Market Share, By Enterprise Size Insights, 2022 and – 2033
    • 7.2 Small and Medium-sized Enterprises (SMEs)
      • 7.2.1 Global Architecture, Engineering, and Construction (AEC) Software Market by Small and Medium-sized Enterprises (SMEs), 2024 – 2033 (USD Billion)
    • 7.3 Large Enterprises
      • 7.3.1 Global Architecture, Engineering, and Construction (AEC) Software Market by Large Enterprises, 2024 – 2033 (USD Billion)
  • Chapter 8. Global Architecture, Engineering, and Construction (AEC) Software Market – End User Insights Analysis
    • 8.1 Global Architecture, Engineering, and Construction (AEC) Software Market Overview: By End User Insights
      • 8.1.1 Global Architecture, Engineering, and Construction (AEC) Software Market Share, By End User Insights, 2022 and – 2033
    • 8.2 Construction and Architecture Companies
      • 8.2.1 Global Architecture, Engineering, and Construction (AEC) Software Market by Construction and Architecture Companies, 2024 – 2033 (USD Billion)
    • 8.3 Education
      • 8.3.1 Global Architecture, Engineering, and Construction (AEC) Software Market by Education, 2024 – 2033 (USD Billion)
    • 8.4 Others
      • 8.4.1 Global Architecture, Engineering, and Construction (AEC) Software Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 9. Architecture, Engineering, and Construction (AEC) Softwares Market – Regional Analysis
    • 9.1 Global Architecture, Engineering, and Construction (AEC) Softwares Market Regional Overview
    • 9.2 Global Architecture, Engineering, and Construction (AEC) Softwares Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Architecture, Engineering, and Construction (AEC) Softwares Market, 2024 – 2033 (USD Billion)
        • 9.3.1.1 North America Architecture, Engineering, and Construction (AEC) Softwares Market, by Country, 2024 – 2033 (USD Billion)
    • 9.4 North America Architecture, Engineering, and Construction (AEC) Softwares Market, by Product Insights, 2024 – 2033
      • 9.4.1 North America Architecture, Engineering, and Construction (AEC) Softwares Market, by Product Insights, 2024 – 2033 (USD Billion)
    • 9.5 North America Architecture, Engineering, and Construction (AEC) Softwares Market, by Deployment Mode Insights, 2024 – 2033
      • 9.5.1 North America Architecture, Engineering, and Construction (AEC) Softwares Market, by Deployment Mode Insights, 2024 – 2033 (USD Billion)
    • 9.6 North America Architecture, Engineering, and Construction (AEC) Softwares Market, by Enterprise Size Insights, 2024 – 2033
      • 9.6.1 North America Architecture, Engineering, and Construction (AEC) Softwares Market, by Enterprise Size Insights, 2024 – 2033 (USD Billion)
    • 9.7 North America Architecture, Engineering, and Construction (AEC) Softwares Market, by End User Insights, 2024 – 2033
      • 9.7.1 North America Architecture, Engineering, and Construction (AEC) Softwares Market, by End User Insights, 2024 – 2033 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Architecture, Engineering, and Construction (AEC) Softwares Market, 2024 – 2033 (USD Billion)
        • 9.8.1.1 Europe Architecture, Engineering, and Construction (AEC) Softwares Market, by Country, 2024 – 2033 (USD Billion)
    • 9.9 Europe Architecture, Engineering, and Construction (AEC) Softwares Market, by Product Insights, 2024 – 2033
      • 9.9.1 Europe Architecture, Engineering, and Construction (AEC) Softwares Market, by Product Insights, 2024 – 2033 (USD Billion)
    • 9.10 Europe Architecture, Engineering, and Construction (AEC) Softwares Market, by Deployment Mode Insights, 2024 – 2033
      • 9.10.1 Europe Architecture, Engineering, and Construction (AEC) Softwares Market, by Deployment Mode Insights, 2024 – 2033 (USD Billion)
    • 9.11 Europe Architecture, Engineering, and Construction (AEC) Softwares Market, by Enterprise Size Insights, 2024 – 2033
      • 9.11.1 Europe Architecture, Engineering, and Construction (AEC) Softwares Market, by Enterprise Size Insights, 2024 – 2033 (USD Billion)
    • 9.12 Europe Architecture, Engineering, and Construction (AEC) Softwares Market, by End User Insights, 2024 – 2033
      • 9.12.1 Europe Architecture, Engineering, and Construction (AEC) Softwares Market, by End User Insights, 2024 – 2033 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Architecture, Engineering, and Construction (AEC) Softwares Market, 2024 – 2033 (USD Billion)
        • 9.13.1.1 Asia Pacific Architecture, Engineering, and Construction (AEC) Softwares Market, by Country, 2024 – 2033 (USD Billion)
    • 9.14 Asia Pacific Architecture, Engineering, and Construction (AEC) Softwares Market, by Product Insights, 2024 – 2033
      • 9.14.1 Asia Pacific Architecture, Engineering, and Construction (AEC) Softwares Market, by Product Insights, 2024 – 2033 (USD Billion)
    • 9.15 Asia Pacific Architecture, Engineering, and Construction (AEC) Softwares Market, by Deployment Mode Insights, 2024 – 2033
      • 9.15.1 Asia Pacific Architecture, Engineering, and Construction (AEC) Softwares Market, by Deployment Mode Insights, 2024 – 2033 (USD Billion)
    • 9.16 Asia Pacific Architecture, Engineering, and Construction (AEC) Softwares Market, by Enterprise Size Insights, 2024 – 2033
      • 9.16.1 Asia Pacific Architecture, Engineering, and Construction (AEC) Softwares Market, by Enterprise Size Insights, 2024 – 2033 (USD Billion)
    • 9.17 Asia Pacific Architecture, Engineering, and Construction (AEC) Softwares Market, by End User Insights, 2024 – 2033
      • 9.17.1 Asia Pacific Architecture, Engineering, and Construction (AEC) Softwares Market, by End User Insights, 2024 – 2033 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Architecture, Engineering, and Construction (AEC) Softwares Market, 2024 – 2033 (USD Billion)
        • 9.18.1.1 Latin America Architecture, Engineering, and Construction (AEC) Softwares Market, by Country, 2024 – 2033 (USD Billion)
    • 9.19 Latin America Architecture, Engineering, and Construction (AEC) Softwares Market, by Product Insights, 2024 – 2033
      • 9.19.1 Latin America Architecture, Engineering, and Construction (AEC) Softwares Market, by Product Insights, 2024 – 2033 (USD Billion)
    • 9.20 Latin America Architecture, Engineering, and Construction (AEC) Softwares Market, by Deployment Mode Insights, 2024 – 2033
      • 9.20.1 Latin America Architecture, Engineering, and Construction (AEC) Softwares Market, by Deployment Mode Insights, 2024 – 2033 (USD Billion)
    • 9.21 Latin America Architecture, Engineering, and Construction (AEC) Softwares Market, by Enterprise Size Insights, 2024 – 2033
      • 9.21.1 Latin America Architecture, Engineering, and Construction (AEC) Softwares Market, by Enterprise Size Insights, 2024 – 2033 (USD Billion)
    • 9.22 Latin America Architecture, Engineering, and Construction (AEC) Softwares Market, by End User Insights, 2024 – 2033
      • 9.22.1 Latin America Architecture, Engineering, and Construction (AEC) Softwares Market, by End User Insights, 2024 – 2033 (USD Billion)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa Architecture, Engineering, and Construction (AEC) Softwares Market, 2024 – 2033 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Architecture, Engineering, and Construction (AEC) Softwares Market, by Country, 2024 – 2033 (USD Billion)
    • 9.24 The Middle-East and Africa Architecture, Engineering, and Construction (AEC) Softwares Market, by Product Insights, 2024 – 2033
      • 9.24.1 The Middle-East and Africa Architecture, Engineering, and Construction (AEC) Softwares Market, by Product Insights, 2024 – 2033 (USD Billion)
    • 9.25 The Middle-East and Africa Architecture, Engineering, and Construction (AEC) Softwares Market, by Deployment Mode Insights, 2024 – 2033
      • 9.25.1 The Middle-East and Africa Architecture, Engineering, and Construction (AEC) Softwares Market, by Deployment Mode Insights, 2024 – 2033 (USD Billion)
    • 9.26 The Middle-East and Africa Architecture, Engineering, and Construction (AEC) Softwares Market, by Enterprise Size Insights, 2024 – 2033
      • 9.26.1 The Middle-East and Africa Architecture, Engineering, and Construction (AEC) Softwares Market, by Enterprise Size Insights, 2024 – 2033 (USD Billion)
    • 9.27 The Middle-East and Africa Architecture, Engineering, and Construction (AEC) Softwares Market, by End User Insights, 2024 – 2033
      • 9.27.1 The Middle-East and Africa Architecture, Engineering, and Construction (AEC) Softwares Market, by End User Insights, 2024 – 2033 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 Autodesk Inc.
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Bentley Systems Incorporated
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Trimble Inc.
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Dassault Systèmes
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Procore Technologies
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Oracle Corporation
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Computers and Structures Inc.
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Nemetschek Group
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Aconex (Oracle)
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 AVEVA Group plc
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Buildertrend
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 Bluebeam Inc.
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Asite Solutions Ltd.
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 RIB Software SE
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Newforma
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Others.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
List Of Figures

Figures No 1 to 27

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Autodesk Inc.
  • Bentley Systems Incorporated
  • Trimble Inc.
  • Dassault Systèmes
  • Procore Technologies
  • Oracle Corporation
  • Computers and Structures Inc.
  • Nemetschek Group
  • Aconex (Oracle)
  • AVEVA Group plc
  • Buildertrend
  • Bluebeam Inc.
  • Asite Solutions Ltd.
  • RIB Software SE
  • Newforma
  • Others

FAQs

The key factors driving the Market are Digital Transformation in AEC, Collaborative Workflows, Efficiency and Cost Savings, Sustainable Building Practices, Regulatory Compliance, Interoperability Challenges, Learning Curve And Dynamic Project Requirements.

The key players in the market are Autodesk Inc., Bentley Systems Incorporated, Trimble Inc., Dassault Systèmes, Procore Technologies, Oracle Corporation, Computers and Structures Inc., Nemetschek Group, Aconex (Oracle), AVEVA Group plc, Buildertrend, Bluebeam Inc., Asite Solutions Ltd., RIB Software SE, Newforma, Others

“North America” had the largest share in the Architecture, Engineering, and Construction (AEC) Software Market.

The global market is projected to grow at a CAGR of 9.7% during the forecast period, 2023-2032.

The Architecture, Engineering, and Construction (AEC) Software Market size was valued at USD 9.17 Billion in 2023.

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