Market Size And Forecast: Industrial Engineering, Design And Construction Software (2024-2030)
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Executive Summary
This report is tailored to industrial asset managers, IT directors and operations managers seeking to enhance asset performance and maintenance through digital transformation. It reviews the current state and growth prospects of the global industrial engineering, design and construction (IEDC) software market, highlighting the trends and drivers to 2030. Our analysis, based on data from over 68,700 public organizations, industry-specific indexes, LSEG financial forecasts and Verdantix global corporate surveys, values the IEDC software market at $10 billion in 2024. It is projected to grow at a CAGR of 7%, reaching $15 billion by 2030. Key drivers for this growth are increasing digitization and the need for advanced construction and design techniques. Asia-Pacific (APAC), North America and Europe will dominate the market, with North America accounting for 35% of spend in 2030. The manufacturing sector will remain the largest sector with the fastest growth.Figure 1. In-scope industries
Figure 2. Market size and forecast methodology
Figure 3. Distribution of IEDC software spend by industry: 2024
Figure 4. US and EU CIP spend per industry: 2024
Figure 5. IEDC spend per region: 2024
Figure 6. Industrial design spend per region: 2024
Figure 7. Industrial construction spend per region: 2024
Figure 8. Ratio of CIP spend by firm size across industries: 2024
Figure 9. Forecast of IEDC spend by industry: 2024-2030
Figure 10. Forecast of IEDC spend by region: 2024-2030
Figure 11. Forecast of industrial design spend by industry: 2024-2030
Figure 12. Forecast of industrial design spend by region: 2024-2030
Figure 13. Forecast of industrial construction software spend by industry: 2024-2030
Figure 14. Forecast of industrial construction software spend by region: 2024-2030
About the Authors
Lucas Sala
Analyst
Lucas is an Analyst at Verdantix, conducting research into the application of AI in industrial operations, focusing on GenAI copilots, predictive analytics and digital twins. ...
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Malavika Tohani
Research Director
Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef...
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