DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Architecture Engineering and Construction Market 2016-2020" report to their offering.
The report forecasts the global architectural engineering and construction market to grow at a CAGR of 10.75% during the period 2016-2020.
The increased adoption of open BIM (building information modeling) is identified to be another major factor that will augment the growth of the market. BIM services provide a transparent platform for project participants to communicate effectively regardless of their enterprise software tools. BIM assists participants gain easy access to necessary data such as plant layout details, design details, and building-related documents, which will further increase the number of end-users preferring AEC.
According to the report, the adoption of AEC reduces design time of projects as it eliminates the need for paperwork. For instance, the LEAP Bridge Enterprise solution by Bentley Systems 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. With the use of the LEAP Bridge Enterprise solution, engineers were able to save 80% of the time spent on the construction of the South Kasheli Bridge. The engineers were able to complete the design of a box girder in 16 hours, which would usually take 128 hours if the conventional method of spread sheets and in-house design tools was used.
Further, the report states that the high cost of AEC software hinders the growth of the global AEC market.
- Bentley Systems
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles
PART 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/6gvww9/global