Engineering Design Software/BIM Markets Continue Strong Growth

ARC Advisory Group’s 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 had surprisingly strong growth in 2021, considering the impact of the pandemic on the overall economy. After 2021, it is expected to continue to experience high market growth globally. Suppliers of EDS/BIM software have for the most part, converted from selling upfront perpetual licenses to subscription services. Despite the pandemic, the EDS/BIM market added new users in 2021. 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 over 60 percent.

"Compared with the total cost of a project including construction, the cost of design is small. Many EPCs and AECs continued the design process while delaying construction during the pandemic, helping the EDS and BIM market to sustain itself. Developed regions are looking to EDS for innovative approaches to manage infrastructure assets as well as design and build new assets or retrofit legacy infrastructure components. Infrastructure engineering demands in North America primarily stem from upgrading projects for extending the life of existing infrastructure assets. Green and sustainability-focused projects are also drivers for the North American market," according to Ralph Rio, Vice President, Enterprise Software and key author of ARC's Engineering Design Software & Building Information Management Market Research Report.

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 & Building Information Management Research

Engineering Design Software Market TrendsThe Engineering Design Software & Building Information Management report 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 modeling techniques. The research includes competitive analysis, plus five-year market forecasts and up to 5 years of historical analysis segmented by 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:

  • Market Intelligence Workbook (Excel Power Pivot): A standard Workbook includes the base year market data and a 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. Available with up to 5 years of historical analysis.
  • Concise Market Analysis Report (PDF): This wide-screen presentation format makes it much easier to find detailed information on a market. This new format provides executives, business unit managers, and other authorized 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.

For more information on this and other available ARC market research, please visit our Market Data & Studies section.

Engage with ARC Advisory Group