AEC Market
Report ID: SQMIG15F2207
Report ID: SQMIG15F2207
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Report ID:
SQMIG15F2207 |
Region:
Global |
Published Date: February, 2025
Pages:
198
|Tables:
84
|Figures:
71
Global AEC Market size was valued at USD 11.09 Billion in 2024 and is poised to grow from USD 12.23 Billion in 2025 to USD 26.79 Billion by 2033, growing at a CAGR of 10.3% during the forecast period (2026–2033).
Urbanization, improving infrastructure, and government funding to the construction industry are the main drivers expected to galvanize the growth of the global AEC market. In response to increasing imperatives for construction of more residential and commercial buildings due to increasing population and economic growth globally, governments are taking the initiative to start and finish various infrastructure projects, be it roads, bridges, or airports. Development opportunities in the AEC market are now associated with new construction technologies such as Availability of Building Information Modeling (BIM), Virtual Reality, Artificial Intelligence Application, and others.
Such technologies will increase productivity, cost efficiency, and quality construction in projects. Meanwhile, the country's economy and regulations resulted in a huge demand for green spaces and for green building practice, which is promoting more complete and healthier development. Among the latest innovations in the global AEC market are the use of modular buildings, the evolution of volumetric construction, and further displacement of site-based construction methods. All of these developments address the problems of cost reduction, quality improvement, and quicker and more efficient building. The AEC Industry is growing as a result of growing urbanization and the demand for effective and sustainable infrastructure.
Market snapshot - 2026-2033
Global Market Size
USD 10.05 billion
Largest Segment
Software
Fastest Growth
Services
Growth Rate
10.3% CAGR
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Global AEC Market is segmented by Component, Deployment, Enterprise Size, Application, End-User and region. Based on Component, the market is segmented into Software and Services. Based on Deployment, the market is segmented into On-Premises and Cloud. Based on Enterprise Size, the market is segmented into Small and Medium-Sized Enterprises (SMEs) and Large Enterprises. Based on Application, the market is segmented into Project Management, Construction Management, Building Information Modeling (BIM), Asset Management and Others. Based on End-User, the market is segmented into Residential, Commercial, Industrial and Infrastructure. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
As per categorization by component, the market is classified as software and services. Among these, software earned the largest share and continues to hold the dominant global AEC market share. The global AEC market reveals great innovations on software components which include advanced building information modeling BIM application and project management tools among others AI-led design applications now revolutionizing the industry. Further, these software solutions improve collaboration by harmonizing workflows and increasing efficiencies in projects. Since software dominates the AEC market, it reduces costs and errors, optimizes resource management, and makes real-time decision-making available, making it imperative for modern construction projects to be successful and scalable.
The services segment in the global AEC market is poised to be the fastest growing segment due to increasing demand for integrated solutions that go beyond traditional construction. As time passes, with enhancement in technologies, AEC firms are focusing more on consulting, project management, and maintenance services for easy delivery of projects and maintenance. Also, as customers being exigent in requiring specialization for services like digitalization, sustainability consulting, and lifecycle management. These high-value, flexible services are important for the greatest driving factors for growth in this changing environment in which projects are becoming more complicated and more sustainable, as well as relying more heavily on technology.
In the global AEC market, on-premise solutions are currently being innovated to provide enhanced security, control, and integration for large-scale projects. These kinds of techniques are delivered to procure the practice of retaining sensitive data within the precincts where large regulations impose restrictions on the sharing of the data, coupled with their ability to allow for very high customizations. On-premise tools for project management, CAD, BIM, and associated applications are critical in the ability to process and access data offline since they've got intensive construction activities in remote or very data-sensitive areas. It's basically as on-premises solutions provide the dependability and security it gives, as well as being scalable, thus providing an infrastructure that is indispensable for any critical AEC operation.
Cloud-based solutions are set to be the fastest-growing segment in the global AEC market due to their ability to streamline collaboration and provide real-time data access across teams, regardless of location. Seamless sharing of design files, project updates, and specifications within the cloud helps eliminate delays and errors. The cloud solution's scalability, flexibility, and cost-effectiveness are becoming more attractive to AEC firms at a time when there is increasing demand for more collaborative, remote, and data-driven workflows. While most companies today leverage digitization, cloud-enabled solutions would still be critical in achieving efficiency and innovation in construction projects.
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North America dominates the global AEC market due to its advanced technological infrastructure, strong investment in smart cities, and rapid adoption of digital construction solutions. A stronghold of innovation, the region has seen the rapid adoption of Building Information Modeling (BIM), widespread use of cloud-based software, and AI-enabled project management tools as efficiency optimizing resources that drive down costs. In addition, the North American strong legal and regulatory standards, heavily developed infrastructure, and green building practices propel the region in its leadership in the AEC market. Fortifying the North American supremacy is indeed the maximum presence of major construction companies coupled with some ongoing large-scale urban development projects.
Europe is the fastest-growing region in the global AEC market, driven by a strong focus on sustainability, digitalization, and the adoption of smart building technologies. Countries of Europe spearhead green construction, laying down stringent regulations and providing incentives for green building practices: the further mooring of renewable energy infrastructure, smart cities, and digital construction tools such as Building Information Modeling (BIM) makes the market grow at a faster rate. An open collaborative approach, transnational research and development project process, sped up Europe's innovation and put it on the front line of the changing AEC environment.
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Government Investments and Public-Private Partnerships
Sustainability and Green Building Initiatives
Regulatory and Compliance Challenges
Supply Chain Disruptions
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The global AEC market is extremely competitive, accelerated by technological innovations, sustainability demand, and mega construction projects. The players are developing integrated solutions such as BIM, artificial intelligence, and green materials to enable project efficiency. Major international players in this arena are Bechtel Corporation, Fluor Corporation, Vinci, Skanska, and AECOM. Their portfolio of services ranges from construction to design, engineering, and project management. Such organizations leverage state-of-the-art technology and skill to keep ahead in the market and boost growth.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the fast growth of the global AEC industry around the world is on account of rapid urbanization, increased government funding, and a growing demand for sustainable and technologically advanced construction methods. BIM and AI adoption in conjunction with automation are ensuring proper project delivery efficiency, the very future of the industry being developed through green buildings.
New software, services, and types of deployment are important for deregulating the market despite a few hurdles like onboard regulatory complexities and supply chain disruptions. Further enhancement in the development of smart infrastructure coupled with investments across different territories is still moving the AEC market forward in a sustainable, efficient, and resilient future.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 11.09 Billion |
| Market size value in 2033 | USD 26.79 Billion |
| Growth Rate | 10.3% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the AEC Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the AEC Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the AEC Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the AEC Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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