A Look into the Changing Dynamics of the AEC Market: Predicted to Reach $15,842.00 Million by 2028

As per the report published by Allied Market Research, the global 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. The study highlights important strategies, drivers, competition, market dynamics, size, and key investment regions. 

The Architecture, Engineering, and Construction (AEC) market refers to the collective industries involved in designing, engineering, and constructing buildings, infrastructure, and other physical structures. 

Request Sample Report at:  https://www.alliedmarketresearch.com/aec-market-A11590

Key Takeaways of the Study: 

• The rise in population and rapid urbanization are the major factors expected to drive the growth of the global AEC market. 
• The increase in adoption of AR and VR technologies in the construction industry is predicted to create massive opportunities for the landscape. 
• The growing integration of AR and VR technologies in AEC is anticipated to enhance the simulation capabilities of AEC software.  

Recent Developments: 

• Augmented Reality (AR) and Virtual Reality (VR): These technologies are enhancing visualization and simulation capabilities in AEC. Tools like Enscape and Twinmotion allow architects and engineers to create immersive 3D models that clients can explore using VR headsets, improving design understanding and client engagement. Moreover, applications including ARki and HoloBuilder enable on-site AR visualization, allowing teams to overlay 3D models onto physical spaces for better accuracy and decision-making during construction. 
• Generative Design: These formats have started using AI to explore a wide range of design solutions. Software like Autodesk’s Generative Design in Fusion 360 uses algorithms to generate multiple design alternatives based on specified constraints and objectives, helping designers find the most efficient and innovative solutions. Also, generative design tools are increasingly being used to optimize sustainability, minimizing material usage and reducing environmental impact. 
• Sustainable Design and Analysis Tools: With a growing emphasis on sustainability, new software tools are helping AEC professionals design more eco-friendly buildings. Tools like IES VE and Sefaira enable detailed energy modeling and analysis, helping designers optimize for energy efficiency and meet regulatory standards.  

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/A11590

Factors Influencing the Market Growth: 

The global AEC industry is observing prominent growth due to rapid urbanization across the globe. Moreover, mandatory rules and regulations imposed by the government authorities across several nations for the use of AEC software are expected to boost the growth of the industry in the coming years. Also, rapid growth in the adoption of AR and VR in the construction industry and rise in implementation of IoT in numerous construction projects are anticipated to create lucrative opportunities for the market over the forecast period. In addition, the increase in demand for construction projects such as smart cities and high-speed roads are predicted to fuel the industry’s growth during the estimated timeframe.  

Segmental Overview: 

The global landscape of AEC is categorized into various segments based on component, deployment mode, enterprise size, and application. Based on component, the software segment held the highest market share in 2020 due to the increase in the adoption of software such as building information and modeling software in the AEC industry. By deployment mode, the on-premises segment is predicted to generate the maximum revenue because of the growing concerns about security of data associated with construction projects. Based on enterprise-size, the large enterprise segment is anticipated to dominate the market share, driven by the increase in cutting-edge technology such as augmented reality and virtual reality in large scale enterprises.  By application, the construction & architecture companies segment is predicted to hold the largest share due to the growing demand for AEC software by these companies.  

Regional Analysis: 

The industry is also evaluated across different regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the highest market share in 2019 and is expected to continue a steady growth during the forecast period. This is mainly attributed to the growing adoption of artificial intelligence and rise in need for automation in the construction and architecture sector across the region. However, the Asia-Pacific region is predicted to be the fastest growing over the estimated timeframe.  

Buy Now & Get Exclusive Report at: https://www.alliedmarketresearch.com/aec-market/purchase-options

Prominent Players: 

• BENTLEY SYSTEM 
• ANASYS INC., 
• AVEVA GROUP PLC. 
• TRIMBLE, INC., 
• DASSAULT SYSTEMES 
• NEMETSCHEK, GROUP. 
• HEXAGON AB 
• NEWFORMA 
• AUTODESK INC. 
• INNOVAYA 

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 Factors are estimated to drive and restrain the industry’s growth? 
• What are the key companies operating in the landscape? 
• What are the emerging technological and market trends shaping the industry? 

Why Choose Allied Market Research? 

• Dynamics Research Methodology 
• Market Growth Dynamics 
• Industries’ Best Analysts 
• Comprehensive Reports 
• Quality Assurance 
• Exclusive Product Offerings 

Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A11590

About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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. 

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests. 

Contact: 

David Correa 

5933 NE Win Sivers Drive 

#205, Portland, OR 97220 

United States 

Toll-Free: 1-800-792-5285 

UK: +44-845-528-1300 

Hong Kong: +852-301-84916 

India (Pune): +91-20-66346060 

Fax: +1-855-550-5975 

help@alliedmarketresearch.com 

Web: https://www.alliedmarketresearch.com 

Follow Us on: LinkedIn Twitter