The global architectural, engineering and construction market size was US$ 7,794.0 million in 2021. The global architectural, engineering, and construction market size is forecast to reach US$ 17,590.1 million by 2030, growing at a compound annual growth rate (CAGR) of 10.9% during the forecast period from 2022 to 2030.

A wide variety of real estate companies, construction firms, surveyors, interior designers, and mechanical & electrical piping engineers utilize architecture, engineering, and construction software for effective project cycle management. One of the primary goals of architecture, engineering, and construction software is to improve project performance and outcomes. Construction managers benefit from AEC's assistance in gathering data and information from various disciplines and communicating more efficiently. Increased construction productivity, improved data transmission, and coordination among numerous stakeholders, architects, and construction supervisors to give AEC users a competitive advantage.

Factors Influencing Market Growth

Among the factors driving the global market include rising infrastructure projects due to rapid urbanization and growing productivity through the exchange of knowledge.
The increased initial cost of implementing AEC software and insufficiently skilled workers may slow down the overall market growth.
Growing adoption of AR and VR in the construction industry and increasing implementation of IoT in numerous construction projects are forecast to create lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19

The COVID-19 pandemic had a minimal impact on the global market. The worldwide lockdown during the COVID-19 expanded the adoption of AEC software to permit projects to resume in a virtual and digital environment even when participants cannot meet in person. The COVID-19 pandemic has compelled companies to find securer and smarter ways for constructing highways, offices, and homes. The COVID-19 pandemic has raised the demand for new building roads, offices, and homes, using smart construction to venture design issues, outdated techniques, inefficiency, and environmental challenges. The COVID-19 pandemic has enabled challenges, such as lower productivity, impacted margins, and decreasing R&D investments. As a result, the construction firms had to adopt AEC software in order to maintain product demand.

Regional Insights

North America accounted for the highest revenue share in 2021 and is forecast to remain dominant during the forecast period. The construction and infrastructure sectors are growing due to the adoption of artificial intelligence and the growing need for automation.

The Asia Pacific region is forecast to garner significant growth in the market during the forecast period. As a result of the increasing adoption of AEC software due to the rising construction activities. The increase in multi-story buildings and skyscrapers and continuous developments in infrastructure is forecast to drive the market growth in the region.

Leading Competitors

The leading prominent companies profiled in the global architectural, engineering, and construction market are:

Ansys Incorporated
Aveva Group Plc
Bentley System, Inc
Autodesk Inc.
Hexagon AB
Innovaya,
Nemetschek
Newforma
Dassault Systemes
Trimble, Incorporated
Other Prominent Players
Scope of the Report

The global architectural, engineering, and construction market segmentation focus on Component, Deployment Mode, Enterprise Size, End-Users, and Region.

Segmentation based on Component

Software
Service
Segmentation based on Deployment Mode

On-premise
Cloud
Segmentation based on Enterprise Size

Large enterprises
Small and Medium-sized Enterprises (SMEs)
Segmentation based on End-Users

Construction & Architecture Companies
Education
Others
Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America