Frequently Asked Questions
The global Architecture engineering and construction AEC software market was valued at USD 8.5 Billion in 2022.
The Architecture engineering and construction AEC software market is expected to grow at a CAGR of 10.30% between 2023 and 2030, reaching USD 16.88291807 Billion in 2030.
On-premises product type vaccine is the leading segment by product type, holding around more than two-thirds of the share in value in 2022.
Industrial governs the demand for architecture engineering and construction aec software globally, holding a massive share of nearly 35% in 2022.
Buildings application type segment is expected to post the highest CAGR during the forecast period.
Asia-pacific is fueling the growth of the architecture engineering and construction AEC software industry, with nearly a three-firth share in 2022.
The top players include Intergraph, Computer and Structure, Inc., Trimble, Inc., Mathsoft, Dassault Systems, Foresoft Pty, Ltd., PTC, Inc., GEOTEC Software, Carlson Software, Inc., Roads and Bridges, Esri and others.
The Rising demand for efficient project management and collaboration tools in the construction industry & advancements in technology, such as Building Information Modeling (BIM) and cloud computing, are revolutionizing the AEC sector are some of the market drivers.
stringent certification and qualification processes specific to the industry can result in lengthy and costly development cycles & need for long-term availability and support for legacy systems still restraints on the architecture engineering and construction AEC software industry.
The increasing adoption of digital transformation in the construction industry provides a vast opportunity for AEC software providers to offer innovative solutions that streamline processes and enhance efficiency are some of the opportunities of the market.