EMEA's AEC software to grow 7.6% CAGR

TechNavio's analysts forecast the Architecture, Engineering and Construction Software (AEC Software and Services) market in the EMEA region to grow at a CAGR of 7.6% over the period 2011-2015. One of the key factors contributing to this market growth is the use of the go-green concept in the AEC industry. The AEC software and services market in the EMEA region has also been witnessing the use of digital signatures in the AEC industry. However, the lack of interoperability could pose a challenge to the growth of this market.

According to the report, the increasing need for higher productivity, by reducing the dependency on paperwork and documentation, will drive the growth of the AEC Software and Services market in the EMEA region.

An analyst from TechNavio's engineering team, said, "With the increasing number of revamping or redevelopment projects in the construction industry, there has been increased adoption of 3D laser scanning technology. The AEC industry in the EMEA region is showing increasing interest in the use of the 3D laser scanning technique for data measurements in constructed buildings. It helps in saving a huge amount of cost and time and it also produces accurate data about existing buildings."