Market Overview: Industrial Engineering, Design And Construction Software

Executive Summary

This study maps out the structure of the industrial engineering, design and construction software market, identifies the drivers of change and analyses the path ahead. This report is written for chief strategy officers, VPs of products and heads of marketing in firms that offer engineering, design and construction software solutions, to guide their product strategies. This report is also for VPs of engineering, operations managers and engineering consultants, to inform software purchasing decisions. Multiple factors drive the engineering, design and construction software market, including increased investment in US manufacturing through government funding programmes, the focus on safe and sustainable sites, and the availability of new technology. The market is comprised of four key segments: engineering and design, simulation and analysis, construction management, and document and handover management. Customers’ spending and requirements drive developments in the market, including new analytics and AI capabilities, digital twins, and unified data and information management.