New ARC Advisory Group research on Engineering Design Tools (EDT) and Building Information Modeling (BIM) for plants, factories and infrastructure shows how new forms of managing information technology improves the design, build, operations and maintenance processes. Digital twins will merge the physical and virtual worlds of plants, buildings, and cities to improve construction execution and plant operational performance. Both EPCs and owner-operators can have access to information for plant design, asset management, and infrastructure across the lifecycle to efficiently execute CapEx projects and operate/maintain OpEx assets. EDT/BIM platforms now provide the information needed across the plant and infrastructure lifecycle for engineers, project managers, planners, and owner-operators.
“Stakeholders using a common information source combined with business processes that extend across traditional silos provide improved speed of execution and agility while reducing errors,” according to Ralph Rio, Vice President at ARC Advisory Group and key author of ARC’s Engineering Design Tools for Plants, Infrastructure, and Building Information Modeling Global Market Research 2018-2023 report. Ralph continued, “The associated business benefits with faster time-to-benefit and lower costs provide a huge driver for adoption of modern EDT/BIM solutions.”
About the Engineering Design Tools for Plant, Infrastructure, and BIM Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the engineering design tools market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by region, market sectors among plant design and infrastructure, engineering tools, sales channels, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes two years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.