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Global Architecture Engineering and Construction Software and Services Market 2011-2015 - Market Research Report

AEC software market to hit global CAGR of 7.5% between 2011 and 2015

The Global Architecture, Engineering, and Construction Software and Services market is to grow at a CAGR of 7.6 percent over the period 2011-2015. One of the key factors contributing to this market growth is the huge market potential in the APAC region. The Global Architecture, Engineering, and Construction Software and Services market has also been witnessing the emergence of the increased adoption of cloud-based models for Architecture Engineering and Construction (AEC) software suites. However, emerging threat from interoperability issues among various AEC suites could pose a challenge to the growth of this market.

The increased adoption of the cloud-based model is a major trend in the Global Architecture Engineering and Construction (AEC) Software and Services market. The availability of AEC software on the cloud increases its adoption as end-users can take advantage of round-the-clock access to their software, and are also not bound by location constraints. Many AEC vendors have also started offering mobile-based AEC applications. The increasing adoption of smartphones for enterprise applications is one of the main reasons for the growth of mobile-based AEC applications. Several AEC software vendors are developing various useful applications for iOS and Android to allow users to utilise their services through smartphones.

The enormous potential in the APAC region is a major driver in the Global AEC Software and Services market. It has been predicted that a huge amount will be invested in infrastructure development in the APAC region by 2015. China and India, which have vast scope for construction and infrastructural development, provide excellent business opportunities for AEC software vendors.

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