New ARC Advisory Group research on the Engineering Design Software and Building Information Modeling (EDS/BIM) market reveals that the transition from onsite perpetual licenses to cloud subscription services or SaaS has lowered the barriers for adoption in several areas. This shift to subscriptions and SaaS has rapidly increased the number of people using EDS/BIM software.
“The suppliers of EDS/BIM software have, for the most part, converted from selling upfront perpetual licenses to subscription services,” according to Ralph Rio, VP, Enterprise Software at ARC Advisory Group and key author of ARC’s Engineering Design Software for Plants, Infrastructure, and Building Information Modeling Global Market Research report. Ralph continued, “While there was a dampening of revenue during the transition, subscription services enabled the EDS/BIM market to rapidly add new users in 2019 to achieve significant market growth.”
The forecast has a decline for 2020 due to the COVID-19 pandemic with recovery in 2021 when the pandemic is expected to have fully subsided. Afterwards, the market is expected to return to high market growth globally. The EDS/BIM report provides a detailed forecast and explanation for these dynamic economic conditions with the COVID-19 pandemic.
About the Engineering Design Software for Plants, Infrastructure, and Building Information Modeling Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the EDS/BIM market. 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, plus five-year market forecasts by regions, industries, software deployment, sectors (plant design and infrastructure), sales channels, and customer types.
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 a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes two years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.