{"id":178585,"date":"2019-06-05T11:51:00","date_gmt":"2019-06-05T11:51:00","guid":{"rendered":"https:\/\/www.geospatialworld.net\/consulting\/gw-market-insights\/us-holiday-shopping-2023-consumer-caution-and-retailer-resilience-3-2-2\/"},"modified":"2024-04-04T09:43:34","modified_gmt":"2024-04-04T09:43:34","slug":"3-things-should-know-about-the-geospatial-market-in-the-aec-industry","status":"publish","type":"post","link":"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/?p=178585","title":{"rendered":"3 Things Should Know About the Geospatial Market in the AEC Industry"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"178585\" class=\"elementor elementor-178585\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-050876e e-con-full e-flex e-con e-parent\" data-id=\"050876e\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-60f25b4 e-con-full e-flex e-con e-child\" data-id=\"60f25b4\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-02e942c elementor-widget elementor-widget-template\" data-id=\"02e942c\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"180611\" class=\"elementor elementor-180611\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-60ce631f e-con-full e-flex e-con e-parent\" data-id=\"60ce631f\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-2bb934a e-con-full e-flex e-con e-child\" data-id=\"2bb934a\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4aa08615 elementor-widget elementor-widget-heading\" data-id=\"4aa08615\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/?cat=36\" rel=\"tag\">Blog<\/a><\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20304ae8 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"20304ae8\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">3 Things Should Know About the Geospatial Market in the AEC Industry<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d287c9a elementor-widget elementor-widget-post-info\" data-id=\"4d287c9a\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-4a66850 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>June 5, 2019<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4f1b5867 e-con-full e-flex e-con e-child\" data-id=\"4f1b5867\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-199adf81 elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"199adf81\" data-element_type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1200\" height=\"400\" src=\"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/wp-content\/uploads\/2022\/12\/2.8.jpg\" class=\"attachment-full size-full wp-image-178366\" alt=\"\" srcset=\"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/wp-content\/uploads\/2022\/12\/2.8.jpg 1200w, https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/wp-content\/uploads\/2022\/12\/2.8-300x100.jpg 300w, https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/wp-content\/uploads\/2022\/12\/2.8-1024x341.jpg 1024w, https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/wp-content\/uploads\/2022\/12\/2.8-768x256.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9174a7e e-con-full e-flex e-con e-child\" data-id=\"9174a7e\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-b2089a4 e-con-full e-flex e-con e-child\" data-id=\"b2089a4\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-abf8bea elementor-widget elementor-widget-author-box\" data-id=\"abf8bea\" data-element_type=\"widget\" data-widget_type=\"author-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-author-box\">\n\t\t\t\n\t\t\t<div class=\"elementor-author-box__text\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.geospatialworld.net\/consulting\/gw-market-insights\/author\/ananya-narain\/\" target=\"_blank\">\n\t\t\t\t\t\t<h4 class=\"elementor-author-box__name\">\n\t\t\t\t\t\t\tAnanyaa Narain\t\t\t\t\t\t<\/h4>\n\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-author-box__bio\">\n\t\t\t\t\t\t<p><b> Vice President- Consulting<\/b>  <br \/>Geospatial World<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b8d1e7 elementor-widget elementor-widget-heading\" data-id=\"0b8d1e7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Share via:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6f9b8f elementor-share-buttons--view-icon elementor-share-buttons--skin-minimal elementor-share-buttons--shape-rounded elementor-share-buttons--align-left elementor-share-buttons--color-custom elementor-grid-0 elementor-widget elementor-widget-share-buttons\" data-id=\"f6f9b8f\" data-element_type=\"widget\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-grid\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_facebook\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on facebook\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-facebook\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256C504 119 393 8 256 8S8 119 8 256c0 123.78 90.69 226.38 209.25 245V327.69h-63V256h63v-54.64c0-62.15 37-96.48 93.67-96.48 27.14 0 55.52 4.84 55.52 4.84v61h-31.28c-30.8 0-40.41 19.12-40.41 38.73V256h68.78l-11 71.69h-57.78V501C413.31 482.38 504 379.78 504 256z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_twitter\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on twitter\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-twitter\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_linkedin\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on linkedin\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg 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class=\"e-font-icon-svg e-fas-envelope\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M502.3 190.8c3.9-3.1 9.7-.2 9.7 4.7V400c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V195.6c0-5 5.7-7.8 9.7-4.7 22.4 17.4 52.1 39.5 154.1 113.6 21.1 15.4 56.7 47.8 92.2 47.6 35.7.3 72-32.8 92.3-47.6 102-74.1 131.6-96.3 154-113.7zM256 320c23.2.4 56.6-29.2 73.4-41.4 132.7-96.3 142.8-104.7 173.4-128.7 5.8-4.5 9.2-11.5 9.2-18.9v-19c0-26.5-21.5-48-48-48H48C21.5 64 0 85.5 0 112v19c0 7.4 3.4 14.3 9.2 18.9 30.6 23.9 40.7 32.4 173.4 128.7 16.8 12.2 50.2 41.8 73.4 41.4z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9d0292c e-con-full elementor-hidden-tablet elementor-hidden-mobile elementor-hidden-desktop e-flex e-con e-child\" data-id=\"9d0292c\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cc14574 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"cc14574\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">OUR IMPACT<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64aaa86 elementor-widget elementor-widget-heading\" data-id=\"64aaa86\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What's the World Economic Forum doing to <strong>accelerate action on Trade and Investment?<\/strong><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3fe72b2 e-con-full e-flex e-con e-child\" data-id=\"3fe72b2\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;],&quot;sticky_offset&quot;:20,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_effects_offset&quot;:0}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8b5b75a elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"8b5b75a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">RELATED REPORTS<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7489d0 elementor-skin-carousel elementor-arrows-yes elementor-widget elementor-widget-media-carousel\" data-id=\"f7489d0\" data-element_type=\"widget\" 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data-id=\"2ed1b29\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-b5b1014 e-con-full important_quote e-flex e-con e-child\" data-id=\"b5b1014\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9a7fb80 elementor-widget elementor-widget-heading\" data-id=\"9a7fb80\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">This blog is part of:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d86dbde elementor-widget elementor-widget-post-info\" data-id=\"d86dbde\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-a796b1a\" itemprop=\"about\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-terms\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-post-info__terms-list\">\n\t\t\t\t<span class=\"elementor-post-info__terms-list-item\">AEC<\/span>, <span class=\"elementor-post-info__terms-list-item\">BIM &amp; 3D<\/span>, <span class=\"elementor-post-info__terms-list-item\">Construction &amp; BIM<\/span>, <span class=\"elementor-post-info__terms-list-item\">GeoBIM<\/span>, <span class=\"elementor-post-info__terms-list-item\">Market &amp; Economy<\/span>\t\t\t\t<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b71b2d important_except elementor-widget elementor-widget-theme-post-excerpt\" data-id=\"2b71b2d\" data-element_type=\"widget\" data-widget_type=\"theme-post-excerpt.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\tThe Architecture, Engineering, and Construction (AEC) industry undergoes rapid transformation with integrated technologies like BIM and geospatial tech, valued at US$58.94 billion. Geospatial firms invest in AEC capabilities through M&amp;As, particularly in ConTech. The AEC industry, considered ripe for disruption, sees rising investments in ConTech start-ups to enhance efficiency.\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a2aabd para elementor-widget elementor-widget-text-editor\" data-id=\"1a2aabd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Architecture, Engineering, and Construction (AEC) industry is transforming at a rapid pace. Today, the sector is duly augmented by the adoption of integrated technologies, i.e. Building Information Modelling (BIM), geospatial technologies, and digital technologies (Cloud, Big Data, AR\/VR, IoT, etc.) across the construction value chain. Geospatial technologies, in particular, are bringing throes of change across the AEC industry by bringing in operational efficiencies, eliminating data redundancy, and ensuring cost-effectiveness across planning, designing and engineering, construction and operations, and maintenance continuum.<\/p><p>Geospatial Media\u2019s,\u00a0<strong><a href=\"https:\/\/geobuiz.com\/geospatial-aec-report\/\">\u2018Geospatial Market in the AEC Industry 2019\u2019<\/a>\u00a0<\/strong>report presents a harmonized view of the geospatial market in the AEC industry and stresses the fundamental role it plays in facilitating an incremental construction strategy for project efficiency and outcomes. The report further highlights the strategic shift of the geospatial companies to build capabilities in the AEC industry by way of acquiring construction technology (ConTech) software.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-079efaa e-con-full important_except2 e-flex e-con e-child\" data-id=\"079efaa\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-57627a5 elementor-widget elementor-widget-heading\" data-id=\"57627a5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Approx. 17.2% of the total global geospatial market, valued at USD 339 billion in 2018 is engaged in the AEC industry.<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-986e355 e-con-full e-flex e-con e-child\" data-id=\"986e355\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-524891a e-con-full e-flex e-con e-child\" data-id=\"524891a\" data-element_type=\"container\" data-settings=\"{&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;],&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f432d47 para_h elementor-widget elementor-widget-heading\" data-id=\"f432d47\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Geospatial Market in the AEC Industry is Valued at US$ 58.94 Billion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dfaf20f para elementor-widget elementor-widget-text-editor\" data-id=\"dfaf20f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>To understand the geospatial market in the AEC industry \u2013 the number to focus on is\u00a0<strong>US$ 58.94 billion<\/strong>\u00a0(2018), i.e. approx. 17.2% of the total global geospatial market, valued at US$ 339 billion in 2018 is engaged in the AEC industry. The geospatial market in the industry is expected to grow at an exponential rate owing to the rise in infrastructure investment and ConTech investments in economies like China, Japan, and India. These regions are currently at a nascent stage of geospatial adoption which shall continue to be enhanced in the next decades.<\/p><figure id=\"attachment_154421\" class=\"wp-caption aligncenter\" aria-describedby=\"caption-attachment-154421\"><\/figure>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9fd7fb6 para_link elementor-widget elementor-widget-text-editor\" data-id=\"9fd7fb6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAlso read: <a href=\"https:\/\/www.geospatialworld.net\/blogs\/aec-geospatial-trends-2020\/\"> What\u2019s trending in AEC+Geospatial in 2020?<\/a>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-38ae48f e-con-full e-flex e-con e-child\" data-id=\"38ae48f\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9b4edd6 elementor-widget elementor-widget-image\" data-id=\"9b4edd6\" data-element_type=\"widget\" data-settings=\"{&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_offset&quot;:125,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_effects_offset&quot;:0}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.geospatialworld.net\/consulting\/gw-market-insights\/wp-content\/uploads\/2019\/06\/3-things-should-know-about-the-geospatial-market-in-the-AEC-industry.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"3 things should know about the geospatial market in the AEC industry\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTc4Njg0LCJ1cmwiOiJodHRwczpcL1wvZ2Vvc3BhdGlhbHdvcmxkLm5ldFwvY29uc3VsdGluZ1wvZ3ctbWFya2V0LWluc2lnaHRzXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDE5XC8wNlwvMy10aGluZ3Mtc2hvdWxkLWtub3ctYWJvdXQtdGhlLWdlb3NwYXRpYWwtbWFya2V0LWluLXRoZS1BRUMtaW5kdXN0cnkucG5nIn0%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"640\" height=\"278\" src=\"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/wp-content\/uploads\/2019\/06\/3-things-should-know-about-the-geospatial-market-in-the-AEC-industry.png\" class=\"attachment-full size-full wp-image-178684\" alt=\"\" srcset=\"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/wp-content\/uploads\/2019\/06\/3-things-should-know-about-the-geospatial-market-in-the-AEC-industry.png 640w, https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/wp-content\/uploads\/2019\/06\/3-things-should-know-about-the-geospatial-market-in-the-AEC-industry-300x130.png 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Source: Geospatial Market in the AEC Industry Report<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b590862 e-con-full e-flex e-con e-child\" data-id=\"b590862\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-e8549cd e-con-full elementor-hidden-mobile e-flex e-con e-child\" data-id=\"e8549cd\" data-element_type=\"container\">\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2691304 e-con-full e-flex e-con e-child\" data-id=\"2691304\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-44e3f31 para_h elementor-widget elementor-widget-heading\" data-id=\"44e3f31\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">2018, The Year of Mergers and Acquisitions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d2067f6 para elementor-widget elementor-widget-text-editor\" data-id=\"d2067f6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Over the past three years, geospatial companies in both hardware and software segments are found to be expanding their AEC technology portfolio by acquiring companies in the construction technology (BIM, etc.) segment. Software companies, such as Bentley and Autodesk were found to be acquiring more companies than hardware and system integrator companies to advance their 3D visualizations and BIM capabilities. Simultaneously solution and system integrator companies are acquiring ConTech companies to improve asset management strategy, and to enhance technology capabilities in engineering companies.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68f386c para_h elementor-widget elementor-widget-heading\" data-id=\"68f386c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Investments in ConTech is on Rise<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-712a05e para elementor-widget elementor-widget-text-editor\" data-id=\"712a05e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Since 2009 there has been an upward trend in companies investing in ConTech start-ups, and this trend is going to see an exponential trend in the coming years. Most of the ConTech investments are aimed at helping solve complex problems and streamline construction processes. A study by Swiss Re and CBI Insight (2018), highlights the vast investments by venture capitalists (VCs) in BIM, data-analytics software, and design and planning software; proving the imminent surge of investments in ConTech marvels to enhance the efficiency in the AEC industry.<\/p><p>The AEC industry is ripe for disruption. Known to be one of the most information-dependent sectors and yet as one of the least digitalized sectors of all \u2013 the industry is open to new technologies to enhance productivity, efficiency, and efficacy. If you are interested in an in-depth understanding of the geospatial market in the AEC industry, you can purchase the <a href=\"https:\/\/geobuiz.com\/geospatial-aec-report\/\"><b>Geospatial Market in AEC Industry\u2019s<\/b><\/a>\u00a0report.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-817a741 elementor-widget elementor-widget-heading\" data-id=\"817a741\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Share via:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50fc5b1 elementor-share-buttons--view-icon elementor-share-buttons--skin-minimal elementor-share-buttons--shape-rounded elementor-share-buttons--align-left elementor-share-buttons--color-custom elementor-grid-0 elementor-widget elementor-widget-share-buttons\" data-id=\"50fc5b1\" 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13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_linkedin\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on linkedin\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-linkedin\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 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data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-889e3ba elementor-widget elementor-widget-template\" data-id=\"889e3ba\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"page\" data-elementor-id=\"181262\" class=\"elementor elementor-181262\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-46f9199c e-flex e-con-boxed e-con e-parent\" data-id=\"46f9199c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-23a5e6f0 elementor-widget elementor-widget-heading\" data-id=\"23a5e6f0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Similar Articles &amp; Blogs<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cc6912d elementor-posts--align-left post_related elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-widget elementor-widget-posts\" data-id=\"7cc6912d\" data-element_type=\"widget\" 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technologies like BIM and geospatial tech, valued at US$58.94 billion. Geospatial firms invest in AEC capabilities through M&#038;As, particularly in ConTech. The AEC industry, considered ripe for disruption, sees rising investments in ConTech start-ups to enhance efficiency.<\/p>\n","protected":false},"author":2,"featured_media":178366,"comment_status":"open","ping_status":"open","sticky":true,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[84,82,83,85,77],"class_list":["post-178585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-aec","tag-bim-3d","tag-construction-bim","tag-geobim","tag-market-economy"],"_links":{"self":[{"href":"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/index.php?rest_route=\/wp\/v2\/posts\/178585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=178585"}],"version-history":[{"count":205,"href":"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/index.php?rest_route=\/wp\/v2\/posts\/178585\/revisions"}],"predecessor-version":[{"id":182522,"href":"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/index.php?rest_route=\/wp\/v2\/posts\/178585\/revisions\/182522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/index.php?rest_route=\/wp\/v2\/media\/178366"}],"wp:attachment":[{"href":"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=178585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=178585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/geospatialworld.net\/consulting\/gw-market-insights\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=178585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}