New ARC Advisory Group research on the Engineering Design Software Market includes engineering design, analysis and project management software and associated services used in projects for design and construction of physical plants and infrastructure. The market had surprisingly strong growth in 2020, considering the impact of the pandemic on overall economy. After 2020, it is expected to continue to experience high market growth globally.
“Compared to 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,” according to Ralph Rio, Vice President of Enterprise Solutions at ARC Advisory Group, and author of ARC's Engineering Design Software for Plants, Infrastructure, and Building Information Modeling Market Research report.
Rio continued: “The suppliers of EDS/BIM software have for the most part converted from selling up-front perpetual licenses to subscription services. Despite the pandemic, the EDS/BIM market added new users in 2020. 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 servers by over 60 percent.”
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 offering. In alphabetical order, these include Autodesk, AVEVA, Bentley Systems, Hexagon PPM, Siemens and Trimble.
About the Engineering Design Software Market Analysis Report
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 Engineering Design Software/Building Information Management 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 region, industry, and product categories.
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 up to five 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) – 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.
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