Press Release
Press Release
The Asia Pacific region is expected to witness a significant rate of urbanisation in the next two decades. The governments in the Asia Pacific region are embracing smart city technologies like the internet of things, cloud computing, and big data to expand, improve, and automate data collection and analysis for mass surveillance. Moreover, the integration of technology like 3D printing has made the infrastructure process more efficient. The multifamily property market in the United States is expected to be propelled by high levels of development activity and strong market demand, necessitating an increase in architectural activities.
In April 2021, AECOM launched Sustainable Legacies, a strategy for achieving ambitious environmental, social, and governance (ESG) goals. This strategy is expected to help incorporate sustainable development and resilience in the company, improve community social outcomes, reach net-zero carbon emissions, and improve governance. The efforts to drive the industry towards sustainability will further improve the market growth as it is compliant with the new industry standards. In addition, AECOM (NYSE: ACM), a leading market player, announced in May 2017, its partnership with Chinese 3D printing company WinSun, also known as Yingchuang Building Technique. All these developments in the industry are expected to boost the market growth over the forecast period.
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The major players in the global market for architectural services are AECOM, Aedas, DP Architects Pte Ltd, Foster and Partners, Gensler, and HKS Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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