Market Overview

Global Architectural Services Market 2018-2022| Technological Advances to Boost Growth| Technavio

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The global architectural services market is expected to post a CAGR of
over 4% during the period 2018-2022, according to the latest market
research report by Technavio.

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Technavio has published a new market research report on the global architectural services market fro ...

Technavio has published a new market research report on the global architectural services market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increase in
construction activities. Construction activities are increasing across
the residential, commercial, and public sectors. Moreover, several
national governments in emerging economies are increasingly undertaking
initiatives to develop infrastructure, which is expected to drive the
construction sector as well as improve the economic conditions of these
nations.

This market research report on the global
architectural services market 2018-2022
also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the increase in technological
advances as one of the key emerging trends in the global architectural
services market:

Global architectural services market:
Technological advances

Technological innovations for architectural services is trending in the
global architectural services market. One such innovation that the
architectural companies are leveraging is to deliver efficient
architectural services in 5D BIM (Building Information Modeling). The 5D
BIM dimensions include structure, materials, time, cost, and appearance.
5D BIM also provides deviations from the pre-determined project schedule
and budget and is mainly used in construction and project management
services. Furthermore, 5D BIM provides features such as efficient
preparation of cost schedules along with the real-time cost estimation
for an easy and quick comparison with the target cost. Consequently, due
to these innovations, the demand for architectural services is expected
to accelerate during the forecast period.

"The increasing demand for architectural services from commercial
customers along with government funding for the development of smart
cities is expected to accelerate the architectural services market.
Technological advances in architectural services is one other factor
that is not only enabling vendors to provide services such as urban
designing, landscape architecture, and other designing services for
commercial customers, but also improving the demand for architectural
services during the forecast period,"
says a senior analyst at
Technavio for research on consumer and retail sector.

Global architectural services market:
Segmentation analysis

This market research report segments the global architectural services
market by end-user (commercial and residential) and geographical regions
(APAC, EMEA, and the Americas).

The APAC region led the market in 2017 with a market share of more than
44%, followed by EMEA and the Americas respectively. Also, the APAC
region is expected to maintain its dominance in the global market during
the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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