Architecture, Engineering, and Construction (AEC) Software Market: Introduction

  • Architecture, engineering, and construction (AEC) software covers the lifecycle process of a product from presentation to the final stage of production and also handels the maintenance issues.
  • Architecture, engineering, and construction (AEC) software helps in designing, visualizing, drafting, and documenting the stages of the project. AEC software is used for building information modelling.
  • AEC software design tools help to edit several elements using smart algorithmic search and group edit to enhance productivity and save time.
  • AEC software provides solutions and services to the construction department of large industrial, residential, and commercial buildings. The AEC software is operated by engineers, architects, and contractors.
  • The architecture, engineering, and construction (AEC) software market is projected to expand at a rapid pace during the forecast period, due to rising urbanization and infrastructure projects in developing economies.

Architecture, Engineering, and Construction (AEC) Software Market: Dynamics

Architecture, Engineering, and Construction (AEC) Software Market: Key Drivers.

  • Growing need for development of infrastructure and housing is likely to boost the growth of the global construction industry, leading to huge demand for AEC software from designers and construction planners to manage building projects more efficiently. Architecture, engineering, and construction (AEC) implements a 3D model-based approach for construction projects that have been gaining traction across the world.
  • Architecture, engineering, and construction (AEC) software can adopt design aids and intelligent plugins to complete tiresome tasks (e.g.: plumbing design and HVAC). AEC software is used in projects of complexity (such as airports), that ensures accuracy throughout the whole project.
  • Architecture, engineering, and construction (AEC) software provides benefits such as visualization, synchronization, collaboration of construction and design planning, and cost reduction.
  • However, high capital investment for AEC software is expected to hamper the market during the forecast period.

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Impact of COVID-19 on the Architecture, Engineering, and Construction (AEC) Software Market

  • Increasing cases of COVID-19 across the globe is resulting in economic slowdown. COVID-19 has a negative impact on housing and infrastructure development. However, revenue of the AEC software market is expected to increase in the coming years as companies are likely to start making profit to recover from the economic downturn associated with COVID-19.

North America to Hold Major Share of the Architecture, Engineering, and Construction (AEC) Software Market

  • In terms of region, the architecture, engineering, and construction (AEC) software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • North America dominated the AEC software market in 2020. The U.S. is a key market in the adoption of new technologies. AEC software solutions, such as construction and architectural design are widely used by end-users in North America for designing, planning, and construction facilities.
  • The Architecture, Engineering, and Construction (AEC) software market in Asia Pacific is projected to expand at a rapid pace during the forecast period. Asia Pacific is expected to lead the construction industry in future because of increasing number of construction projects along with shopping malls and business centers.

Architecture, Engineering, and Construction (AEC) Software Market: Competition Landscape

Several local, regional, and international players are active in the architecture, engineering, and construction (AEC) software market with a strong presence. Rapid technological advancements have created significant opportunities in the global AEC software market.

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Key Players Operating in the Architecture, Engineering, and Construction (AEC) Software Market Include:

  • Autodesk
  • AVEVA Group
  • PTC, Inc.
  • Bentley Systems
  • Dassault Systems
  • ANSYS
  • Hexagon, Inc.
  • RIB Software, Inc.
  • Nemetschek
  • Computer and Structure, Inc.
  • Trimble, Inc.
  • Mathsoft
  • Archon Engineering
  • Intergraph
  • Carlson Software, Inc.
  • Foresoft Pty, Ltd.
  • Roads & Bridges
  • Esri
  • Construsoft B.V.
  • GEOTEC Software

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