This report describes and explains the AEC software market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global AEC software market reached a value of nearly $9.06 billion in 2023, having grown at a compound annual growth rate (CAGR) of 5.9% since 2018. The market is expected to grow from $9.06 billion in 2023 to $13.65 billion in 2028 at a rate of 8.5%. The market is then expected to grow at a CAGR of 10.8% from 2028 and reach $22.85 billion in 2033.
Growth in the historic period resulted from the rise in demand for environmentally safe and certified buildings, emerging markets growth, rise in construction activity and increasing adoption of digital technologies. Factors that negatively affected growth in the historic period was high cost of implementation and data security concerns.
Going forward, government support, growing population and urbanization and rising infrastructure investments will drive the growth. Factor that could hinder the growth of the AEC software market in the future include lack of skilled workers.
The AEC software market is segmented by type into designing software, planning software and building software. The designing software market was the largest segment of the AEC software market segmented by type, accounting for 47% or $4.26 billion of the total in 2023. Going forward, the designing software segment is expected to be the fastest growing segment in the AEC software market segmented by type, at a CAGR of 9.2% during 2023-2028.
The AEC software market is segmented by component into software and services. The software market was the largest segment of the AEC software market segmented by component, accounting for 78% or $7.07 billion of the total in 2023. Going forward, the services segment is expected to be the fastest growing segment in the AEC software market segmented by component, at a CAGR of 9.4% during 2023-2028.
The AEC software market is segmented by project life cycle into preconstruction, construction and operations. The preconstruction market was the largest segment of the AEC software market segmented by project life cycle, accounting for 44.9% or $4.06 billion of the total in 2023. Going forward, the construction segment is expected to be the fastest growing segment in the AEC software market segmented by project life cycle, at a CAGR of 8.6% during 2023-2028.
The AEC software market is segmented by end-user into AEC professionals, consultants and facility managers, and other end-users. The AEC professional market was the largest segment of the AEC software market segmented by end-user, accounting for 51.2% or $4.64 billion of the total in 2023. Going forward, the consultants and facility managers segment is expected to be the fastest growing segment in the AEC software market segmented by end-user, at a CAGR of 8.6% during 2023-2028.
The AEC software market is segmented by deployment mode into on-premise software and cloud-based software. The on-premise market was the largest segment of the AEC software market segmented by deployment mode, accounting for 66.6% or $6.04 billion of the total in 2023. Going forward, the cloud-based software segment is expected to be the fastest growing segment in the AEC software market segmented by deployment mode, at a CAGR of 10.4% during 2023-2028.
The AEC software market is segmented by application into building, industrial, civil infrastructure, oil and gas, utilities and other applications. The building market was the largest segment of the AEC software market segmented by application, accounting for 47% or $4.25 billion of the total in 2023. Going forward, the building segment is expected to be the fastest growing segment in the AEC software market segmented by application, at a CAGR of 8.7% during 2023-2028.
North America was the largest region in the AEC software market, accounting for 42.6% or $3.86 billion of the total in 2023. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest-growing regions in the AEC software market will be Asia-Pacific and South America where growth will be at CAGRs of 10% and 9.1% respectively. These will be followed by North America and Western Europe where the markets are expected to grow at CAGRs of 8.6% and 7.8% respectively.
The global AEC software market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 83.9% of the total market in 2022. Autodesk Inc was the largest competitor with 26.9% share of the market, followed by Trimble, Inc with 13.2%, Bentley Systems with 9.7%, Procore Technologies Inc. with 8.5%, Nemetschek Group with 8.1%, Dassault Systems with 5.8%, Esri with 5%, Hexagon AB with 3.3%, Ansys Inc with 2%, and Buildertrend Solutions, Inc with 1.5%.
The top opportunities in the AEC software market segmented by type will arise in the designing software segment, which will gain $2.34 billion of global annual sales by 2028. The top opportunities in the AEC software market segmented by component will arise in the software segment, which will gain $3.45 billion of global annual sales by 2028. The top opportunities in the AEC software market segmented by project lifecycle will arise in the preconstruction segment, which will gain $2.04 billion of global annual sales by 2028. The top opportunities in the AEC software market segmented by deployment mode will arise in the on-premise software segment, which will gain $2.64 billion of global annual sales by 2028. The top opportunities in the AEC software market segmented by application will arise in the building segment, which will gain $2.21 billion of global annual sales by 2028. The top opportunities in the AEC software market segmented by end-user will arise in the AEC professional segment, which will gain $2.32 billion of global annual sales by 2028. The AEC software market size will gain the most in the USA at $1.48 billion.
Market-trend-based strategies for the AEC software market include the use of artificial intelligence (AI) to create virtual models of project visualization, introduction of cloud based software to connect office and field in real time, use of blockchain technology to improve efficiency and data security, focus on sustainability and green design to reduce the carbon footprint, product innovations with focus on integrated solutions, increasing investments to expand and build new products and technologies and strategic partnerships and acquisitions to drive innovation in the market.
Player-adopted strategies in the AEC software market include focus on enhancing operational capabilities through strategic acquisitions, strengthening operational capabilities through the launch of new products, strengthening business operations through upgrading services with strategic partnerships and enhancing business capabilities through upgrading services.
To take advantage of the opportunities, the analyst recommends the AEC software companies to focus on AI-driven project intelligence solutions, focus on cloud-based AEC solutions for enhanced collaboration, focus on leveraging blockchain for enhanced AEC efficiency, focus on strategic investments for technological expansion, focus on designing and planning software segments for optimal growth expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and acquisitions for market expansion, focus on competitive pricing strategies for market expansion, focus on integrated digital marketing for effective promotion and focus on tailored solutions to meet diverse end-user needs, focus on building and civil infrastructure segments and focus on consultants and facility managers segment.
The global AEC software market reached a value of nearly $9.06 billion in 2023, having grown at a compound annual growth rate (CAGR) of 5.9% since 2018. The market is expected to grow from $9.06 billion in 2023 to $13.65 billion in 2028 at a rate of 8.5%. The market is then expected to grow at a CAGR of 10.8% from 2028 and reach $22.85 billion in 2033.
Growth in the historic period resulted from the rise in demand for environmentally safe and certified buildings, emerging markets growth, rise in construction activity and increasing adoption of digital technologies. Factors that negatively affected growth in the historic period was high cost of implementation and data security concerns.
Going forward, government support, growing population and urbanization and rising infrastructure investments will drive the growth. Factor that could hinder the growth of the AEC software market in the future include lack of skilled workers.
The AEC software market is segmented by type into designing software, planning software and building software. The designing software market was the largest segment of the AEC software market segmented by type, accounting for 47% or $4.26 billion of the total in 2023. Going forward, the designing software segment is expected to be the fastest growing segment in the AEC software market segmented by type, at a CAGR of 9.2% during 2023-2028.
The AEC software market is segmented by component into software and services. The software market was the largest segment of the AEC software market segmented by component, accounting for 78% or $7.07 billion of the total in 2023. Going forward, the services segment is expected to be the fastest growing segment in the AEC software market segmented by component, at a CAGR of 9.4% during 2023-2028.
The AEC software market is segmented by project life cycle into preconstruction, construction and operations. The preconstruction market was the largest segment of the AEC software market segmented by project life cycle, accounting for 44.9% or $4.06 billion of the total in 2023. Going forward, the construction segment is expected to be the fastest growing segment in the AEC software market segmented by project life cycle, at a CAGR of 8.6% during 2023-2028.
The AEC software market is segmented by end-user into AEC professionals, consultants and facility managers, and other end-users. The AEC professional market was the largest segment of the AEC software market segmented by end-user, accounting for 51.2% or $4.64 billion of the total in 2023. Going forward, the consultants and facility managers segment is expected to be the fastest growing segment in the AEC software market segmented by end-user, at a CAGR of 8.6% during 2023-2028.
The AEC software market is segmented by deployment mode into on-premise software and cloud-based software. The on-premise market was the largest segment of the AEC software market segmented by deployment mode, accounting for 66.6% or $6.04 billion of the total in 2023. Going forward, the cloud-based software segment is expected to be the fastest growing segment in the AEC software market segmented by deployment mode, at a CAGR of 10.4% during 2023-2028.
The AEC software market is segmented by application into building, industrial, civil infrastructure, oil and gas, utilities and other applications. The building market was the largest segment of the AEC software market segmented by application, accounting for 47% or $4.25 billion of the total in 2023. Going forward, the building segment is expected to be the fastest growing segment in the AEC software market segmented by application, at a CAGR of 8.7% during 2023-2028.
North America was the largest region in the AEC software market, accounting for 42.6% or $3.86 billion of the total in 2023. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest-growing regions in the AEC software market will be Asia-Pacific and South America where growth will be at CAGRs of 10% and 9.1% respectively. These will be followed by North America and Western Europe where the markets are expected to grow at CAGRs of 8.6% and 7.8% respectively.
The global AEC software market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 83.9% of the total market in 2022. Autodesk Inc was the largest competitor with 26.9% share of the market, followed by Trimble, Inc with 13.2%, Bentley Systems with 9.7%, Procore Technologies Inc. with 8.5%, Nemetschek Group with 8.1%, Dassault Systems with 5.8%, Esri with 5%, Hexagon AB with 3.3%, Ansys Inc with 2%, and Buildertrend Solutions, Inc with 1.5%.
The top opportunities in the AEC software market segmented by type will arise in the designing software segment, which will gain $2.34 billion of global annual sales by 2028. The top opportunities in the AEC software market segmented by component will arise in the software segment, which will gain $3.45 billion of global annual sales by 2028. The top opportunities in the AEC software market segmented by project lifecycle will arise in the preconstruction segment, which will gain $2.04 billion of global annual sales by 2028. The top opportunities in the AEC software market segmented by deployment mode will arise in the on-premise software segment, which will gain $2.64 billion of global annual sales by 2028. The top opportunities in the AEC software market segmented by application will arise in the building segment, which will gain $2.21 billion of global annual sales by 2028. The top opportunities in the AEC software market segmented by end-user will arise in the AEC professional segment, which will gain $2.32 billion of global annual sales by 2028. The AEC software market size will gain the most in the USA at $1.48 billion.
Market-trend-based strategies for the AEC software market include the use of artificial intelligence (AI) to create virtual models of project visualization, introduction of cloud based software to connect office and field in real time, use of blockchain technology to improve efficiency and data security, focus on sustainability and green design to reduce the carbon footprint, product innovations with focus on integrated solutions, increasing investments to expand and build new products and technologies and strategic partnerships and acquisitions to drive innovation in the market.
Player-adopted strategies in the AEC software market include focus on enhancing operational capabilities through strategic acquisitions, strengthening operational capabilities through the launch of new products, strengthening business operations through upgrading services with strategic partnerships and enhancing business capabilities through upgrading services.
To take advantage of the opportunities, the analyst recommends the AEC software companies to focus on AI-driven project intelligence solutions, focus on cloud-based AEC solutions for enhanced collaboration, focus on leveraging blockchain for enhanced AEC efficiency, focus on strategic investments for technological expansion, focus on designing and planning software segments for optimal growth expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and acquisitions for market expansion, focus on competitive pricing strategies for market expansion, focus on integrated digital marketing for effective promotion and focus on tailored solutions to meet diverse end-user needs, focus on building and civil infrastructure segments and focus on consultants and facility managers segment.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 AEC Software Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global AEC Software Market Segmentation
11 AEC Software Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
25 Key Mergers and Acquisitions
26 Opportunities and Strategies
27 AEC (Architecture, Engineering and Construction) Software Market, Conclusions and Recommendations
28 Appendix
Executive Summary
AEC Software Global Market Opportunities And Strategies To 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global AEC software market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 19 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for AEC software? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The AEC software market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider AEC software market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market Characteristics Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by component, by project life cycle, by deployment mode, by application and by end-user.
- Key Trends Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the AEC software market.
- Global Market Size And Growth Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by component, by project life cycle, by deployment mode, by application and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- . Regional Market Size And Growth Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region
- Competitive Landscape Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Software Products Used By AEC Professionals And Firms Briefs on the software products used by AEC professionals and firms
- Design/CAD Software Used By AEC Professionals And Firms Briefs on the design/CAD software used by AEC professionals and firms.
- Competitive Benchmarking Briefs on the financials comparison between major players in the market.
- Competitive Dashboard Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions: Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies: Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations: This section includes recommendations for AEC software providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix: This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report
Scope:
Markets Covered:
1) By Type: Designing Software; Planning Software; Building Software2. By Component: Software; Services
3. By Project Life Cycle: Preconstruction; Construction; Operations
4. By End-User: AEC Professionals; Consultants; Facility Managers; Other End-Users
5. By Deployment Mode: On-Premise Software; Cloud Based Software
6. By Application: Building; Industrial; Civil Infrastructure; Oil And Gas; Utilities; Other Applications.
Key Companies Mentioned: Autodesk; Trimble, Inc; Bentley Systems; Procore Technologies Inc; Nemetschek Group
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Italy; Spain; Germany; UK; Russia; Iran; Turkey; Saudi Arabia; UAE
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; AEC software indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Autodesk
- Trimble, Inc
- Bentley Systems
- Procore Technologies Inc
- Nemetschek Group
- Dassault Systems
- Esri
- Hexagon AB
- Ansys Inc
- Buildertrend Solutions, Inc
- Tekla India Pvt. Ltd
- Dassault Systèmes India Pvt. Ltd
- CADD Centre India Pvt. Ltd
- RIB Software India Pvt. Ltd
- Glodon Co., Ltd
- ChinaSoft International (CSII)
- ZWSOFT Co., Ltd
- Beijing Asite Technology Co. Ltd
- Suzhou Gstarsoft Co., Ltd
- Graitec
- Allplan
- Graphisoft
- Newforma
- Elecosoft
- Causeway
- Bluebeam
- PlanGridAclara Technologies LLC
- Eagle Point Software
- Microsol Resources
- ProEst
- Neodata Group
- CYPE Ingenieros
- BIM6D
- SAP Canada
- Procore Technologies
- Buildin
- Camargo Correa
- Visto Sistemas
- Proj4me
- AECweb
- BuildSoft
- ProTenders
- Dalux
- Construction Computer Software (CCS)
- Yardi
- STC Solutions
- Diyar United Company
- Synchro Modena AEC and Infrastructure
- TechSoup South Africa
- Candy (Construction and Estimating Software)
- BuildSmart
- Buildcon Global Services
- I-Tech Solutions
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 400 |
| Published | April 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 9.1 Billion |
| Forecasted Market Value ( USD | $ 22.9 Billion |
| Compound Annual Growth Rate | 9.7% |
| Regions Covered | Global |
