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16 Nov 2017 09:00
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Architectural/Engineering services landscape is changing rapidly due to the global sourcing opportunities and increasing internet penetration. Online crowd sourcing enables customers to submit requirements online and architectural, engineering service providers to send design ideas and plans to customers directly. Once the customer selects a plan and design, they receive further customization based on their specific requirements. For instance, Arcbazar and competitionline offer architectural services to customers online through its crowd sourcing platform.

Purchase the report at https://www.thebusinessresearchcompany.com/our-research/professional-services/architecture-engineering-consultants-and-other-related-services-global-market-briefing-2017/

ARCHITECTURE, ENGINEERING CONSULTANTS AND OTHER RELATED SERVICES MARKET TO GROW TO $1.4 TRILLION BY 2020 ACCORDING TO THE BUSINESS RESEARCH COMPANY.

The Business Research Company expects the architecture, engineering consultants and other related services market to grow to $1.4 trillion in 2020. Europe was the largest region in the architecture, engineering consultants and other related services market in 2016, accounting for $405 billion or 35.4% market share. This was mainly due to high demand for residential, commercial, industrial and landscape architectural services in the region

The chart below shows the year-on-year growth of the global architecture, engineering consultants and other related services market during 2016 - 2020.

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According to The Business Research Company’s Professional Services Consultant, Oliver Guirdham, the architectural, engineering, and related services industry is expected to benefit from technological development during the forecast period. Rapid progress in technology is leading to development of new applications and software tools for the architectural, engineering, and related services industry. Architectural tools such as CAD, SketchUp and Microstation help architects and engineers enhance their productivity, increase their service offerings and improve the quality of their services. Going forward, growth in technology is expected to increase efficiency of architecture and engineering consultancy services, further driving the industry.
Bechtel was the largest company in the architecture, engineering consultants and other related services market with revenues of $32.3 billion for the financial year 2015. Bechtel’s growth strategy aims to expand its business into the high growth Middle East and Africa market.

Architecture, engineering consultants and other related services comprise activities that provide support to planning and designing of construction related businesses of all sizes across all industries. Business entities that are engaged in providing architecture, engineering consultants and other related services are generally referred as architectural firms or engineering consultancy firms.

Architectural and engineering firms handle planning, designing and supervision of construction related to a wide range of industries. Architectural, engineering and related services include but are not limited to architectural services, landscape architectural services, engineering services, drafting services, building inspection services, geophysical surveying and mapping services, surveying and mapping (except geophysical) services and testing laboratories.
Architecture, Engineering Consultants And Other Related Services. Global Market Briefing is a detailed report giving a unique insight into this market. The report is priced at $750 for an individual user. To use across your office the price is $1500 and $2000 if you wish to use across a multinational company.

About The Business Research Company

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The Business Research Company is a market research and intelligence company, which excels in company, market and consumer research.

It has research professionals at its offices in the UK, India and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, chemicals and technology.

The Business Research Company's management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world's largest organizations.

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