Market Overview
The global architectural services market size was estimated at USD 288.65 billion in 2016 and is expected to reach USD 391.97 billion by 2025. Increasing investments in the construction sector has been a major factor driving market growth. Some major technological innovations in the market such as the use of advanced design technology involving 3D models, and planning software have contributed largely to the market growth.
The residential sector accounted for a major shareholder in the architectural services market. Global demand for construction and project management architectural services was USD 107.61 billion in 2016.
Competitive Landscape
The success of any startup largely depends upon understanding the competitive landscape of the industry.
Segment Analysis
The understanding of various segments of an industry is important for an overall outlook. The Architecture industry can be categorized into two major segments
1. Product & Service Type
Architectural Advisory Services
Construction and Project Management Services
Engineering services Interior Design Services
Urban Planning Services
2. End-User Outlook
Education & Government
Healthcare
Hospitality
Industrial
Residential
Retail
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