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Global Architectural, Engineering and Construction (AEC) Market Share, Size, Growth, Report, Analysis, Forecast: By Component: Software, Services; By Deployment: On-Premise, Cloud-Based, Others; By Enterprise: Small and Medium-Sized Enterprises, Large Enterprise; By End Use; Regional Analysis; Competitive Landscape; 2023-2028
Global Architectural, Engineering and Construction (AEC) Market Outlook
The global architectural, engineering and construction (AEC) market size reached a value of approximately USD 9.1 billion in 2022. The market is further estimated to grow at a CAGR of 10.40% between 2023 and 2028, reaching a value of USD 16.4 billion by 2028.
Key Trends in the Market
AEC refers to the union of architecture, engineering, and construction software and services that enable the efficient completion of a project, starting from its design to execution. The solutions are extensively used for drafting, designing, visualising, and documenting the numerous stages of a construction project.
- The rising demand for high-performing and superior infrastructure and building designs with detailed and conceptual design tools is a key trend propelling the growth of the architectural, engineering and construction (AEC) market. Additionally, the widespread utilisation of three-dimensional model-based approach by architects and professionals is further boosting the demand for AEC.
- Initiatives taken by various governments around the globe to mandate the usage of AEC software in public infrastructure development projects is further aiding the expansion of the market. Moreover, technological advancements in AEC are likely to enhance the efficiency of operations and save time, further fuelling their adoption.
- The adoption of BIM (building information modeling), one of the more promising developments in the architecture, engineering, and construction fields, is likely to surge due to its ability to minimise errors during the early stages of design and accurately schedule construction for complicated projects.
Market Analysis
On the basis of component, the architectural, engineering and construction (AEC) market is bifurcated into software and services. Based on deployment, the market is divided into on-premise and cloud-based, among others. On the basis of enterprise, the market is segregated into small and medium-sized enterprises and large enterprises. Based on end use, the market is classified into construction and architecture, and education, among others. On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global architectural, engineering and construction (AEC) market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Ansys, Inc
- Autodesk Inc.
- Aveva Group Plc
- Bentley Systems Inc.
- Dassault Systemes SE
- Hexagon AB
- Nemetschek SE
- Newforma, Inc.
- Trimble Inc.
- PTC Inc.
- Others
Market Share by Deployment
By deployment, on-premise is anticipated to account for a significant portion of the global architectural, engineering and construction (AEC) market over the forecast period. This growth can be attributed to rising concerns associated with data security of construction projects. Various key players of the market provide on-premise software for their customers in residential, construction, and agriculture sectors in order to optimise the working process and boost productivity. Additionally, the economic value of on-premise is further boosting its utilisation in the AEC sector.
Market Share by Region
The architectural, engineering and construction (AEC) market is projected to witness significant growth in North America in the upcoming years, owing to the expansion of the construction industry in the region. Additionally, rising adoption of artificial intelligence and the rising requirement for automation in agricultural and construction sectors are further boosting the utilisation of AEC in North America. Other factors aiding the growth of the market include rising urbanisation, increasing renovation of existing infrastructure, and rapid industrialisation.
Competitive Landscape
Autodesk Inc. is a software development company that was founded in 1982 and is headquartered in California, United States. The company specialises in digital prototyping, consumer software, and sustainable design software, among others.
Aveva Group Plc is a software development company that was established in 1967 and is based in Cambridge, United States. Their secure industrial cloud platform aids businesses in improving their collaborations with suppliers and customers.
Bentley Systems Inc. is a software development company that was founded in 1984 and is headquartered in Pennsylvania, United States. They are known for computer aided design and engineering software development and CAD, among others.
Other market players include Ansys, Inc, Dassault Systemes SE, Hexagon AB, Nemetschek SE, Newforma, Inc., Trimble Inc., and PTC Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Component |
|
| Breakup by Deployment |
|
| Breakup by Enterprise |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Architectural, Engineering and Construction (AEC) Market Analysis
8.1 Key Industry Highlights
8.2 Global Architectural, Engineering and Construction (AEC) Historical Market (2018-2022)
8.3 Global Architectural, Engineering and Construction (AEC) Market Forecast (2023-2028)
8.4 Global Architectural, Engineering and Construction (AEC) Market by Component
8.4.1 Software
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Services
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Architectural, Engineering and Construction (AEC) Market by Deployment
8.5.1 On-Premise
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Cloud-Based
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Architectural, Engineering and Construction (AEC) Market by Enterprise
8.6.1 Small and Medium-Sized Enterprises
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Large Enterprise
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Architectural, Engineering and Construction (AEC) Market by End Use
8.7.1 Constructure and Architecture
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Education
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Others
8.8 Global Architectural, Engineering and Construction (AEC) Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Architectural, Engineering and Construction (AEC) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Architectural, Engineering and Construction (AEC) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Architectural, Engineering and Construction (AEC) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Architectural, Engineering and Construction (AEC) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Architectural, Engineering and Construction (AEC) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Ansys, Inc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Autodesk Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Aveva Group Plc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Bentley Systems Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Dassault Systemes SE
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Hexagon AB
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Nemetschek SE
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Newforma, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Trimble Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 PTC Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Architectural, Engineering and Construction (AEC) Market: Key Industry Highlights, 2018 and 2028
2. Global Architectural, Engineering and Construction (AEC) Historical Market: Breakup by Component (USD Billion), 2018-2022
3. Global Architectural, Engineering and Construction (AEC) Market Forecast: Breakup by Component (USD Billion), 2023-2028
4. Global Architectural, Engineering and Construction (AEC) Historical Market: Breakup by Deployment (USD Billion), 2018-2022
5. Global Architectural, Engineering and Construction (AEC) Market Forecast: Breakup by Deployment (USD Billion), 2023-2028
6. Global Architectural, Engineering and Construction (AEC) Historical Market: Breakup by Enterprise (USD Billion), 2018-2022
7. Global Architectural, Engineering and Construction (AEC) Market Forecast: Breakup by Enterprise (USD Billion), 2023-2028
8. Global Architectural, Engineering and Construction (AEC) Historical Market: Breakup by End-User (USD Billion), 2018-2022
9. Global Architectural, Engineering and Construction (AEC) Market Forecast: Breakup by End-User (USD Billion), 2023-2028
10. Global Architectural, Engineering and Construction (AEC) Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Architectural, Engineering and Construction (AEC) Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Architectural, Engineering and Construction (AEC) Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Architectural, Engineering and Construction (AEC) Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Architectural, Engineering and Construction (AEC) Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Architectural, Engineering and Construction (AEC) Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Architectural, Engineering and Construction (AEC) Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Architectural, Engineering and Construction (AEC) Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Architectural, Engineering and Construction (AEC) Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Architectural, Engineering and Construction (AEC) Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Architectural, Engineering and Construction (AEC) Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Architectural, Engineering and Construction (AEC) Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Architectural, Engineering and Construction (AEC) Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 9.1 billion in 2022.
The market is projected to grow at a CAGR of 10.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of2023-2028to reachUSD 16.4 billion by 2028.
The major market drivers include the expansion of architecture, engineering, and construction sectors and the operational efficiency offered by AEC.
The key trends fuelling the growth of the market include rising demand for superior and high-performing infrastructure and building designs and the introduction of various government initiatives to promote the usage of AEC.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various components of AEC include software and services.
The key players in the architectural, engineering and construction (AEC) market are Ansys, Inc, Autodesk Inc., Aveva Group Plc, Bentley Systems Inc., Dassault Systemes SE, Hexagon AB, Nemetschek SE, Newforma, Inc., Trimble Inc., and PTC Inc., among others.
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