We help quantify relevant IT spending in global markets, uncover trends and opportunities, and create world-class strategies.
Market Trends
The lifecycle of designing, building and maintaining a building is very similar to that of manufacturing. However, the construction sector still remains relatively analogue and lags in digital capabilities, namely creating the information communication loop between virtual and physical buildings, which could be facilitated by BIM and Building Digital Twin.
Building Digital Twin/IIoT enables connected buildings to be monitored and operated digitally. The improvement in image capture facilitates the creation of a Digital Twin – that could include 3D scans of existing buildings or sites that can then be automatically transformed into a BIM data file and possibly generate architectural drawings. But although this is the vision, we’re not quite there yet.
Technological advancements include generating a bill of materials from the design plans to enable improved costing, estimation and procurement.
Industry challenges
Activities ranging from civil infrastructure to residential developments are subject to building codes and regulations that vary from country to country, giving rise to the presence of vendors focused on specific regions.
On the other hand, the complex project relationships that drive the design and construction of major process plants demand input from numerous engineering disciplines and many other participants – often geographically distributed.
Such projects rely on a host of sophisticated, discipline-specific applications that support worldwide project collaboration.
E-learning course & Insights Platform
E-learning course
- Self-paced e-learning
- CPE-approved
- Designed for customer-facing professionals
Objectives
- Identify the industry terminology
- Identify the relationships between typical companies in the high tech supply chain and understand the structure of a typical business
- Pick out some of the major issues faced by high tech companies in today’s industry
- Differentiate between the initiatives they take to respond to business issues
Cambashi Ltd is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE sponsors through its website: http://www.nasbaregistry.org
Industry Insights Platform
- Tactical industry intelligence updated in real-time by industry experts.
- The latest trends & challenges, business drivers, products & services, and technology.
- Key players and consumer perspective
- Industry terminology and metrics
- Deeper knowledge across a variety of industry subjects
Access Cambashi’s Industry Insights Demonstration
Construction Industry Software Market Size, Share, and Forecast
Cambashi provides accurate, detailed, consistent market numbers to support coordinated strategy and planning activities and enables customers to:
- Forecast market demand by country
- Perform country-by-country comparisons to derive targets for sales and marketing initiatives
- Create a starting point for detailed investigations of one or more country markets
- Account for currency differences between countries and regions
The market data cover end-user expenditure revenues for software, excluding services (e.g. consulting, implementation, training) and other non-software items (e.g. hardware).
The global market for engineering software
From bridges to underground transportation, the construction industry provides many opportunities for technical software vendors. But it also presents many challenges in terms of careful targeting of solutions to meet very demanding sector-specific requirements.
The technical application opportunities include the different concepts like Building Information Management (BIM) and Architecture, Engineering & Construction (AEC).
Software potential users and the market opportunities
Knowing the number of potential users is crucial for strategic and marketing planning. It’s even more important to know where those potential users can be found and what type of companies they work in.
We estimate that traditional engineering software tools have catered for 6m architects and designers and newer digital capabilities have enabled 37m engineers and technicians to refine product specifications. Software support is less developed for the 127m managers and supervisors and 519m skilled tradespeople and machine operators.