NEW
YORK, July 1, 2024 /PRNewswire/ -- The
global architectural engineering and construction solutions
market size is estimated to grow by USD 9.65 billion from 2024-2028, according
to Technavio. The market is estimated to grow at a CAGR of
almost 13.77% during the forecast
period.
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challenges - Download a Sample Report
Several factors are driving the growth of the AECS market,
including:
- Increasing adoption of cloud-based technologies: Cloud-based
AECS offer centralized access to project data, enabling better
collaboration among team members.
- Advancements in technology: Technologies like Building
Information Modeling (BIM) software and 3D modeling tools are
improving design and planning processes.
- Growing demand for sustainable buildings: The trend towards
energy-efficient and eco-friendly buildings is driving the adoption
of AECS that can help meet these sustainability goals.
However, the market also faces some challenges, such as:
- The need for advanced technology: The construction industry is
constantly evolving, and AECS providers need to keep up with the
latest technologies to remain competitive.
- Increasing demand for sustainable solutions: There is a growing
demand for sustainable building solutions, which can be more
expensive to implement.
- Open-source platforms: The open-source trend is gaining
popularity in the AECS market, which could pose a challenge to
commercial software vendors.
Overall, the AECS market is expected to grow in the coming
years, driven by the increasing demand for efficient and
sustainable construction projects.
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In the dynamic construction market, the scaffolding sector plays
a pivotal role, evolving alongside industry demands. As a Senior
Research Analyst with over 7 years' expertise, I specialize in
conducting exhaustive market research, competitive analysis, and
financial modeling. My insights drive strategic decisions, offering
deep market analysis, precise data interpretation, and
comprehensive reports. Mentoring junior analysts complements my
role, ensuring robust advisory for stakeholders navigating this
competitive landscape
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SOURCE Technavio