Market Overview: Industrial Engineering, Design And Construction Software

Published 9 October 2024 by Josh Graessle & Malavika Tohani &

Access this research

Access all Operational Excellence content with a strategic subscription or buy this single report

Buy Subscription

Need help or have a question about this report? Contact us for assistance

Executive Summary

This study maps out the structure of the industrial engineering, design and construction software market, identifies the drivers of change and analyses the path ahead. This report is written for chief strategy officers, VPs of products and heads of marketing in firms that offer engineering, design and construction software solutions, to guide their product strategies. This report is also for VPs of engineering, operations managers and engineering consultants, to inform software purchasing decisions. Multiple factors drive the engineering, design and construction software market, including increased investment in US manufacturing through government funding programmes, the focus on safe and sustainable sites, and the availability of new technology. The market is comprised of four key segments: engineering and design, simulation and analysis, construction management, and document and handover management. Customers’ spending and requirements drive developments in the market, including new analytics and AI capabilities, digital twins, and unified data and information management.

Table of contents

Rising investment and growing engineering demands necessitate the use of digital technologies for successful project outcomes
Expanding industrial project portfolios are fuelled by investment and evolving operational needs
The IEDC market consists of numerous segments supported by diverse software categories
The engineering, design and construction software landscape comprises four major segments
Few vendors offer comprehensive end-to-end solutions, as most still focus on point solutions
Future developments in engineering, design and construction software applications will focus on unified data management and AI

Table of figures

Figure 1. Industrial facility life cycle
Figure 2. Industrial engineering, design and construction software segments
Figure 3. Sub-segment coverage for IEDC software vendors

About the authors

Josh Graessle

Senior Analyst
Josh is a Senior Analyst in the Verdantix Industrial Transformation practice. Prior to joining Verdantix, Josh worked at Volvo Group, where he gained experience in factory support and implementation of industrial systems, industrial internet of things, digitalization, and data analytics. He holds a BS in Mechanical Engineering, as well as an MBA from the University of Delaware.

Malavika Tohani

Research Director, Industrial Transformation
Malavika leads the Verdantix Industrial Transformation practice. The team’s current research focusses on digital technologies and services that enable industrial operations become safer, efficient and sustainable such as asset maintenance and performance, industrial AI and data management, connected workforce and field service management, process safety and industrial engineering, design and construction. Malavika has over 20 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

Related Reports

Not a Verdantix client yet?

Register with Verdantix for authoritative data, analysis and advice to allow your business to succeed.