LONDON--(BUSINESS WIRE)--The need to manage large-scale construction projects using efficient solutions is increasing due to the focus of organizations on cultivating resources that are necessary for efficient output. The rising need for large-scale project management is one of the major factors driving market growth. The main benefit of employing efficient solutions such as AEC solutions in large-scale project management include better process management, enhanced profitability, and automation. Furthermore, this industry research report also presents a competitive analysis of the market deployment model (on-premise and cloud-based), product (software and services), and geography (the Americas, APAC, and EMEA).
Competitive vendor landscape
The global architectural engineering and construction solutions market is highly competitive with major vendors such as Autodesk, BENTLEY SYSTEMS, HEXAGON, NEMETSCHEK, Trimble competing based on their product/service offerings.
“To gain higher market shares, companies as a key strategy are involved in acquisitions and partnerships along with effective product launches. Leading corporations are aggressively enhancing their capabilities to gain a competitive edge through joint ventures, MoUs, and agreements or acquisitions,” says a senior analyst at Technavio.
Top five architectural engineering and construction solutions market vendors
The company operates in four segments, AEC; Manufacturing; Platform Solutions and Emerging Business; and Media and Entertainment. Its offerings include AutoCAD, AutoCAD Civil 3D, Revit, and BIM 360.
The company runs its operations through two segments comprising of Products and Services. Its offerings in the architectural engineering and construction solutions market include ProjectWise Construction Management, Civil Design Software, Construction Solutions, and Architecture and Engineering Solutions.
HEXAGON runs its operations through two segments, Geospatial enterprise solutions, and Industrial enterprise solutions. The company’s offerings include 3D Design and Visualization and Engineering and Schematic.
The company runs its operations through four segments, which are Design, Build, Manage, and Media and Entertainment. Its offerings include Building Services and Construction Management and Architecture and Structural Engineering.
The company runs its operations through four segments consisting of Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. Its key offering includes AllTrak Cloud, Construction Management Software (Viewpoint), Construction Program Management Software (e-Builder), and Spectrum (Viewpoint).
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