Architectural Engineering and Construction Software Market Trends and Forecast by 2031

The architectural engineering and construction software market is expected to register a CAGR of 9.4% during 2023–2031. Cloud-based architectural engineering and construction software; and the adoption of augmented reality (AR) and virtual reality (VR) are a few of the key trends in the market.

Architectural Engineering and Construction Software Market Analysis

• The architectural engineering and construction software market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
• The architectural engineering and construction software market is growing owing to factors such as increasing digitization in the infrastructure and construction sector, the growing demand for smart and sustainable buildings, and rapid urbanization and industrialization in emerging economies.
• Increasing integration with emerging technologies such as AL, ML, BIM, IoT, and others and the emergence of digital twins in the building to provide lucrative opportunities for the architectural engineering and construction software market.

Architectural Engineering and Construction Software Market Overview

• Architectural engineering and construction (AEC) software is a collection of specialized digital tools intended to support infrastructure and building projects over their whole lifecycle.
• This software helps professionals with project management, cost estimation, scheduling, design, modeling, and collaboration, among other areas of the building process.
• AEC software usually consists of project management tools, Building Information Modelling (BIM) platforms, Computer-Aided Design (CAD) software, and structural, mechanical, and electrical system analysis software.
• AEC software streamlines the intricate process of planning, designing, and building infrastructure by unifying various processes improving efficiency, accuracy, and communication among project stakeholders.

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Architectural Engineering and Construction Software Market: Strategic Insights

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Architectural Engineering and Construction Software Market Drivers and Opportunities

Increasing Digitization In The Infrastructure And Construction Sector to Favor Market

• Digitization is becoming more widespread in the construction industry. The construction sector is widely utilizing digital tools and platforms to centralize and optimize project management procedures.
• Digital tools make it possible for teams and project managers to plan, carry out, and supervise construction projects more effectively and efficiently.
• Digitization in the construction industry addresses a range of subjects, including scheduling, budgeting, risk management, communication, and resource allocation.
• Construction industry professionals usually use cloud-based software and mobile apps to provide real-time access to project data and collaboration tools.
• The construction process is complex, with multiple pieces needing to fit together without errors. To improve data accessibility, digital solutions are used by nearly all computational design firms.

The Emergence Of Digital Twins In Building  

• Digital twins are exact replicas of real-world items, infrastructure, or processes. A digital twin is a detailed copy of a building that is used during construction to offer every detail, from the original design to ongoing maintenance and operation.
• In the AEC sector, digital twins are advantageous because they provide unmatched project progress visibility, enabling real-time data monitoring and decision-making.
• In addition, the digital twins facilitate communication and coordination between clients, other stakeholders, and other team members.
• Additional advantages include lower mistakes, shorter wait times, and higher quality.

Architectural Engineering and Construction Software Market Report Segmentation Analysis

Key segments that contributed to the derivation of the architectural engineering and construction software market analysis are component, deployment, enterprise size, and end user.

• By component, the market is bifurcated into solutions and services.
• By deployment, the market is segmented into public, private, and hybrid.
• By enterprise size, the market is bifurcated into small & medium-sized enterprises (SMEs) and large enterprises.
• By end user, the market is segmented into IT & telecom, retail & e-commerce, BFSI, healthcare & life sciences, manufacturing, and others.

Architectural Engineering and Construction Software Market Share Analysis by Geography

• The architectural engineering and construction software market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering architectural engineering and construction software market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the architectural engineering and construction software market in these regions.

Architectural Engineering and Construction Software Market Regional Insights

The regional trends and factors influencing the Architectural Engineering and Construction Software Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Architectural Engineering and Construction Software Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Architectural Engineering and Construction Software Market Report Scope

Architectural Engineering and Construction Software Market Players Density: Understanding Its Impact on Business Dynamics

The Architectural Engineering and Construction Software Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Architectural Engineering and Construction Software Market News and Recent Developments

The architectural engineering and construction software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the architectural engineering and construction software market are listed below:

• Global building materials supplier Cemex has launched a dedicated plug-in for the Building Information Modelling (BIM) REVIT software used for designing and managing construction projects. Cemex’s tool will enable architects and engineers to identify the best Cemex products and solutions for their work, highlighting those that are particularly innovative and more sustainable. The BIM software offered by Cemex has been expertly designed for architects, engineers, contractors, or construction professionals working on the development of residential, commercial, industrial, or infrastructure projects. It allows users to search concrete by properties, compare concrete products by essential characteristics, and target an embodied carbon value. (Cemex, Press Release, July 2023)
• Cloudera announced its expanded collaboration with NVIDIA. Cloudera powered by NVIDIA will integrate enterprise-grade NVIDIA NIM microservices, part of the NVIDIA AI Enterprise software platform, into Cloudera Machine Learning, a Cloudera Data Platform service for AI/ML workflows, to deliver fast, secure, and simplified end-to-end generative AI workflows in production. (Cloudera, Press Release, March 2024)

Architectural Engineering and Construction Software Market Report Coverage and Deliverables

The “Architectural Engineering and Construction Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Architectural engineering and construction software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Architectural engineering and construction software market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Architectural engineering and construction software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the architectural engineering and construction software market
• Detailed company profiles