$22.85 Bn AEC (Architecture, Engineering & Construction) Software Global Market Opportunities and Strategies to 2033 [Yahoo! Finance]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Source: Yahoo! Finance
The global AEC software market reached a value of nearly $9.06 billion in 2023, having grown at a compound annual growth rate (CAGR) of 5.9% since 2018. The market is expected to grow from $9.06 billion in 2023 to $13.65 billion in 2028 at a rate of 8.5%. The market is then expected to grow at a CAGR of 10.8% from 2028 and reach $22.85 billion in 2033. North America was the largest region in the AEC software market, accounting for 42.6% or $3.86 billion of the total in 2023. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest-growing regions in the AEC software market will be Asia-Pacific and South America where growth will be at CAGRs of 10% and 9.1% respectively. These will be followed by North America and Western Europe where the markets are expected to grow at CAGRs of 8.6% and 7.8% respectively. The global AEC software market is highly concentrated, with large players operating in the market. The top ten competitors in the m
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