Engineering Design Software and Building Information Modeling Markets Continue Strong Growth
Aug. 29, 2023 – ARC Advisory Group’s new research on the Engineering Design Software and Building Information Modeling (EDS/BIM) market includes engineering design, analysis and project management software and associated services used for the design and construction of physical plants and infrastructure. The EDS portion of the report includes power, process and marine industries.
The BIM market includes infrastructure. The market continued its strong growth in 2022 and is expected to continue to experience high market growth globally. Most of the suppliers of EDS/BIM software have converted from selling upfront perpetual licenses to subscription services. Subscription services have many benefits to the user, including converting CapEx to OpEx, nearly eliminating dependencies on IT support, no more upgrades and reducing the first-year acquisition cost (including the servers) by about 60%.
“The benefits of SaaS, including reduced first year acquisition costs, have dramatically expanded the number of seats for EDS/BIM software suppliers. Continued urbanization and the adoption of smart city technologies are both driving growth in the EDS/BIM software market. In parallel to urbanization, the infrastructure’s attributes are changing to accommodate smart cities, which are designed using EDS/BIM software,” according to Ralph Rio, Vice President of Enterprise Software and key author of ARC’s Engineering Design Software for Plants, Infrastructure, and Building Information Modeling Market Research.
Leading suppliers to the engineering design software market identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Autodesk, Bentley Systems, Hexagon, Nemetschek AG, Trimble.
About the engineering design software research
The Engineering Design Software & Building Information Modeling research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts and five years of historical analysis. Research segmentation includes Revenue Category, Sales Channel, World Region, Customer Type, Service Revenues by Type, Deployment Model, Software Revenues by Type, Engineering Tools, Market Sector, Infrastructure & AEC/BIM, Plant Design.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
- MIRA Service: An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions. Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.
- Concise Market Analysis Report (PDF): This wide-screen presentation format provides executives, business unit managers and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
- Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF): A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.
For more information on this and other available ARC market research, please visit our Market Analysis Services.
About ARC Advisory Group
ARC Advisory Group is the leading market research and advisory firm for industry, infrastructure and cities. ARC analysts have the industry knowledge and firsthand experience to help clients find the best answers.
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