AEC Market (Software, Services) Growing at 10% CAGR to 2019

DALLAS, July 2, 2015 /PRNewswire/ --

ReportsnReports.com adds Global AEC Market 2015-2019 research report that says the adoption of AEC reduces the design time of projects as it eliminates paperwork and AEC solutions include BIM, CAD-based design solution, design analysis solution, and collaboration and management solution.

Complete report on AEC market spread across 96 pages, talking about 6 major companies and supported with 29 exhibits is now available at http://www.reportsnreports.com/reports/402940-global-aec-market-2015-2019.html .

This research on architecture, engineering and construction (AEC) market talks about the open BIM, which is based on the building SMART Data Model. It provides a transparent platform for the project participants to communicate effectively regardless of their software tools; it provides a common language, making it easy to access the necessary data for a project life cycle such as design details, plant layout details, and building-related documents or data. The AEC market finds the availability of the open BIM program, a marketing initiative undertaken by Nemetschek, Trimble, and other vendors, a major advantage. With the growing focus toward open BIM, end-users are increasingly using open BIM for building design. For instance, Voortman Steel Machinery, a Netherlands-based company, constructed a new experience center in Rijssen in 2014. The company adopted the 2 Steps Ahead BV solution of Nemetschek, which is made up of open BIM software DDS-CAD, to design the electrical and mechanical installations of the experience center.

AEC is a full package solution and takes into consideration from initial building design phase to the last manage phase. It improves the efficiency of construction and engineering processes by providing two-dimensional as well as three-dimensional simulation models to end-users for analysis. Architects, engineers, contractors, and owners are the end-users of AEC solution. The reduction of capital cost and time in the construction of building through AEC solution contributed to the wide adoption of such solution. The report covers the present scenario and the growth prospects of the global AEC market for the period 2015-2019.3 It terms of offering, the market can be segmented into two: software and services.

This latest AEC market report discusses major companies like Autodesk Inc., AVEVA Group plc, Bentley Systems Inc., Intergraph Corp., Nemetschek AG and Trimble Navigation Ltd. The research also mentions other prominent vendors like 4M, Cadsoft, CYPE Ingenieros, Dassault Systèmes, DesignBuilder Software, Innovaya, Integrated Environmental Solutions, Newforma and Virtual Build Technologies. Order a copy of global AEC market 2015-2019 research report at http://www.reportsnreports.com/Purchase.aspx?name=402940 .

According to the report, the adoption of AEC reduces the design time of projects as it eliminates paperwork. For instance, Bentley Systems LEAP Bridge Enterprise solution was used to design pre-stressed concrete box girder bridges in India. The solution was used to analyze and design the South Kasheli Bridge in Maharashtra, India. The adoption of the AEC solution enabled engineers to save 80% on time than if they had used other tools for analysis and design. The engineers could complete the design of a box girder in 16 hours, as compared to consultants, who took 128 hours with their conventional methods of spread sheets and in-house design tools. Further, the report states that AEC solutions suffer from interoperability issues and this is a major challenge for the market.

This AEC market (architecture, engineering and construction) research helps answer important questions like what will the market size be in 2019 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to architecture, engineering and construction market growth? Who are the key vendors in this market space? What are the AEC market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors in architecture, engineering and construction market?

On related lines, ReportsnReports.com offers quite a few newly published research reports on construction market that might be of interest:

Construction Business Confidence Report H1 2015: This research analyzes global industry opinions on the latest economic and customer issues, and their impact on investment decisions and growth prospects in the construction industry. The report also examines executive opinions on the current and future state of the economy, and its effect on the industry. It analyzes the likely effect of supplier price changes, sales performance, and staff headcount in the industry over January-June 2015. In addition, it provides an overview of the key priorities, threats, and opportunities for the global construction industry over January-June 2015. Overall, 37% of construction respondents state that they are operating in a stable economic environment, while 19% state that their current economic conditions are favorable. The majority of global construction industry respondents anticipate positive growth for both their company and industry over January-June 2015. Executives operating in Europe anticipate an increase of 3.5% and 2.4% in sales growth and staff headcount respectively in the first half of 2015. Improving operational efficiency and customer retention are the most popular priorities by construction industry executives in all regions. Read more at http://www.reportsnreports.com/reports/401384-construction-business-confidence-report-h1-2015.html .

Regionally, the Construction in Italy - Key Trends and Opportunities to 2019 market research report says in 2014, Italian construction industry posted a contraction of 2.8% in real terms. However, the industry is expected to fare slightly better over the forecast period (2015-2019), with new investment in residential, infrastructure and commercial projects, and improving investor confidence as regional and global economic conditions improve. In real terms, the industry's output value is forecast to start growing again, picking up from a negative compound annual growth rate (CAGR) of -4.71% during the review period (2010-2014) to 0.17% in the forecast period. In February 2015, the Ministry of Economics and Finance signed a loan agreement worth EUR950.0 million (US$1.2 billion) with the European Investment Bank (EIB). The loan will fund an investment program planned by the country's infrastructure manager, Rete Ferroviaria Italiana (RFI). The plan aims to upgrade the country's conventional railway network, and the regional and local routes, connecting southern and northern Italy. In its Digital Agenda for Europe, the European Commission (EC) set out its broadband speed target for 2020. It includes download rates of 30 megabyte per second (Mb/s) for every person and at least 50.0% of households having an internet connection with speeds above 100Mb/s. In terms of broadband connectivity, Italy ranks in last position of 28 European countries, with only 21.0% of households having an internet connection of 100Mb/s or above; the European average is 66.0%. To meet the EC's target, in March 2015 the Italian government approved a plan to invest EUR6 billion (US$6.7 billion) to upgrade the nation's broadband network. This will support construction activity in the telecommunications category over the forecast period. Read more on the Italian construction market trends and opportunities to 2019 at http://www.reportsnreports.com/reports/402813-construction-in-italy-key-trends-and-opportunities-to-2019.html .

Explore more reports on the IT & Telecommunications market segments at http://www.reportsnreports.com/market-research/information-technology/ .

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