Bentley estimated TAM based on Cambashi Employment Observatory, which estimates engineering software spending by respectively all products (manufacturing) engineers compare to all infrastructure engineers (AEC).
Cambashi completed for Bentley an update from the year 2018 to the year 2019. From 2018 to 2019 manufacturing spending on engineering increased about 7% while spending on AEC software increased about 12%. This is consistent with the premise of Bentley`s TAM approach that this gap in spending per engineer will close, with infrastructure engineering here confirmed to be already relatively accelerating in going digital.
Watch Second Quarter 2021 Operating Results here
