Some Project Activity Is Hot - But Where and for How Long?
The combined market for Engineering Design Tools (EDT) for Industry and Infrastructure market is experiencing a period of robust activity globally. The collective market of industry and infrastructure domains includes virtually everything that is built in the world today, including buildings, bridges, city infrastructure, roads and highways, seaports, rail transportation, electrical power generation and grids, industrial manufacturing plants, mining facilities, utility infrastructure, oil and gas facilities, and chemical and other process industry plants.
Projects in both industry and infrastructure have become very large, exceedingly complex, of long duration, and highly expensive.
The execution of these massive projects often requires the forming of joint ventures or partnerships of engineering, construction, and owner organizations.
This interdependent joining of disparate stakeholders necessitates the usage of the latest generation of engineering design tools for efficient project execution.
Beyond the project phase, asset owners are now seeing the additional value that EDT can yield not only to the project phase but also the operations phase of assets in both industry and infrastructure.
Strategic Issues
Different market dynamics exist between the industry and infrastructure domains. Users need to know the capabilities and strategies of suppliers for their market. In order to remain competitive, suppliers must address the present and forecasted needs of the specific market targeted.
- How can suppliers increase their value proposition?
- Where are the best opportunities for growth – industry or infrastructure?
- What impacts Greenfield vs. Brownfield projects?
- What is the present status of ‘integrated engineering’?
- How is new technology changing EDT offerings?
