Global Engineering Information Management Solutions, Forecast to 2023

Global Engineering Information Management Solutions, Forecast to 2023

Digitization and SaaS Growth Offset Challenges from Oil & Gas Industry

RELEASE DATE
11-Apr-2018
REGION
Global
Research Code: K1BB-01-00-00-00
SKU: IT03625-GL-MR_21654
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Description

Large-scale, process-driven industries, such as utilities, generate large amounts of engineering documentation that requires collaboration for project completion and archiving for regulatory compliance. The days of keeping schematics in filing cabinets and viewing them on drafting tables has given way to digitization and file sharing across employees and contractors on personal computers and mobile devices. With capital projects growing in size and complexity and an increasingly distributed workforce, the need for managing the accompanying engineering information is greater than ever. Growth in the engineering information management (EIM) market will come from companies transitioning to fully computer-aided design workflows and embracing software-as-a-service (SaaS) solutions for their digital transformation while dealing with the economic fluctuations of the oil & gas industry.

Despite facing economic uncertainty and other challenges, such as energy demand and price fluctuations, Hexagon, Aveva, and BlueCielo are well positioned to continue leading the EIM market, controlling just over 50% of the market between them as of 2017. Frost & Sullivan expects revenues for the EIM solutions market to increase from $322.5 million in 2016 to 627.5 million in 2023, at a compound annual growth rate (CAGR) of 10.0% over the forecast period.

Research Scope

This study on the EIM solutions market covers the following:

  • Global market trend analyses, including market drivers and restraints
  • Detailed unit shipment forecasts for the total media streaming devices market
  • A competitive landscape, in terms of major participants and market share analysis.

The base year for this study is 2016, with forecasts running up to 2023. The research highlights key trends impacting the global EIM solutions market and outlines future implications.

Geographic Scope: The global EIM solutions market has been segmented into North America, Latin America (NALA); Europe, the Middle East, and Africa (EMEA); and Asia-Pacific (APAC). Challenges on economic uncertainty impact each region uniquely, with EMEA dealing with the ramifications of the United Kingdom voting to leave the European Union in 2016 (i.e., Brexit), becoming official in 2019; demographic growth trends in APAC increasing the need for energy, utilities, and infrastructure projects; and NALA refocusing on infrastructure due to the business-friendly economic environment in the short term and transitions to renewable energy sources in the long term.

Key Issue Addressed

  • Will the market continue to grow at its present rate over the forecast period? What are the drivers and restraints for growth in this market?
  • Where do EIM solutions’ underlying technologies stand today and going forward? What are the primary challenges faced by vendors addressing this market? How can vendors overcome these challenges? How do vendor ecosystems factor into this market?
  • What does the current competitive landscape look like? Will there be any new market entrants over the next 4-5 years? Is the market attractive for mergers and acquisitions? • What are the revenue breakdowns by geographical regions - NALA / EMEA / APAC? Which are the fastest growing regions?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Market Engineering Measurements

CEO’s Perspective

Digital Media Ecosystem

Market Definitions

Market Overview—Scope and Regions

Market Overview—Vertical Industry Definitions

The EIM Value Proposition

Percent Revenue Breakdown by Region

Percent Revenue Breakdown by New versus Recurring

Market Distribution Channels

Market Drivers

Drivers Explained

Market Restraints

Restraints Explained

Forecast Assumptions

Global EIM Revenue Forecast

Regional Market Life Cycle

Regional Market Life Cycle Analysis

Percent Revenue Forecast by Region

EIM Revenue Forecast by Region

Technology Trends

Market Share and Competitive Analysis—Total EIM Solutions Market

EIM Competitive Landscape—Market Share

EIM Competitive Environment

EIM Competitive Landscape

EIM Competitive Landscape—Factors and Assessment

Market Leader—Hexagon

Market Challenger—Aveva

Market Challenger—BlueCielo

Market Contender—Synergis Software

Other Market Contenders and Participants

Growth Opportunity 1—Renewable Energy Projects

Growth Opportunity 2—US Infrastructure

Growth Opportunity 3—Expansion to AEC/ECM Projects

Growth Opportunity 4—Increasing Mobile Adoption

Growth Opportunity 5—Mergers and Acquisitions

Strategic Imperatives for Success and Growth

Vertical Segmentation

Vertical Breakdown—Energy

Vertical Breakdown—Utilities

Vertical Breakdown—Infrastructure

Vertical Breakdown—Mining

Vertical Breakdown—Other Verticals

NALA Key Findings

NALA Revenue Forecast

EMEA Analysis

EMEA Key Findings

EMEA Revenue Forecast

APAC Key Findings

APAC Revenue Forecast

The Last Word—Predictions

The Last Word—Recommendations

Legal Disclaimer

Market Engineering Methodology

Market Engineering Measurements

List of Market Participants

List of Exhibits

List of Figures
  • 1. Total EIM Solutions Market: Key Market Drivers, Global, 2017–2023
  • 2. Total EIM Solutions Market: Key Market Restraints, Global, 2017–2023
  • 3. Total EIM Solutions Market: Revenue Forecast by Region, Global, 2016–2023
  • 4. Total EIM Solutions Market: Competitive Structure, Global, 2016
  • 5. Total EIM Solutions Market: Market Engineering Measurements, Global, 2016
List of Charts
  • 1. Total EIM Solutions Market: Market Engineering Measurements, Global, 2016
  • 2. Total EIM Solutions Market: Percent Revenue Breakdown by Region, Global, 2016
  • 3. Total EIM Solutions Market: Distribution Channel Analysis, Global, 2016
  • 4. Total EIM Solutions Market: Percent Revenue Breakdown by New vs. Recurring Business, Global, 2016
  • 5. Total EIM Solutions Market: Revenue Forecast, Global, 2016–2023
  • 6. Total EIM Solutions Market: Regional Life Cycle, Global, 2016
  • 7. Total EIM Solutions Market: Percent Revenue Forecast by Region, Global, 2016 and 2023
  • 8. Total EIM Solutions Market: Market Share Analysis, Global, 2016
  • 9. Total EIM Solutions Market: Competitive Landscape, Global, 2016
  • 10. Total EIM Solutions Market: Revenue Split by Vertical, Global, 2016
  • 11. EIM Solutions Market: Revenue Forecast, NALA, 2016–2023
  • 12. EIM Solutions Market: Revenue Forecast, EMEA, 2016–2023
  • 13. EIM Solutions Market: Revenue Forecast, APAC, 2016–2023
Related Research
Large-scale, process-driven industries, such as utilities, generate large amounts of engineering documentation that requires collaboration for project completion and archiving for regulatory compliance. The days of keeping schematics in filing cabinets and viewing them on drafting tables has given way to digitization and file sharing across employees and contractors on personal computers and mobile devices. With capital projects growing in size and complexity and an increasingly distributed workforce, the need for managing the accompanying engineering information is greater than ever. Growth in the engineering information management (EIM) market will come from companies transitioning to fully computer-aided design workflows and embracing software-as-a-service (SaaS) solutions for their digital transformation while dealing with the economic fluctuations of the oil & gas industry. Despite facing economic uncertainty and other challenges, such as energy demand and price fluctuations, Hexagon, Aveva, and BlueCielo are well positioned to continue leading the EIM market, controlling just over 50% of the market between them as of 2017. Frost & Sullivan expects revenues for the EIM solutions market to increase from $322.5 million in 2016 to 627.5 million in 2023, at a compound annual growth rate (CAGR) of 10.0% over the forecast period.--BEGIN PROMO--

Research Scope

This study on the EIM solutions market covers the following:

  • Global market trend analyses, including market drivers and restraints
  • Detailed unit shipment forecasts for the total media streaming devices market
  • A competitive landscape, in terms of major participants and market share analysis.

The base year for this study is 2016, with forecasts running up to 2023. The research highlights key trends impacting the global EIM solutions market and outlines future implications.

Geographic Scope: The global EIM solutions market has be

More Information
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Podcast No
Table of Contents | Executive Summary~ || Key Findings~ || Market Engineering Measurements~ || CEO’s Perspective~ | Market Overview~ || Digital Media Ecosystem~ || Market Definitions~ || Market Overview—Scope and Regions~ || Market Overview—Vertical Industry Definitions~ || The EIM Value Proposition~ || Percent Revenue Breakdown by Region~ || Percent Revenue Breakdown by New versus Recurring~ || Market Distribution Channels~ | Drivers and Restraints—Total EIM Solutions Market~ || Market Drivers~ || Drivers Explained~ || Market Restraints~ || Restraints Explained~ | Forecasts and Trends—Total EIM Solutions Market~ || Forecast Assumptions~ || Global EIM Revenue Forecast~ || Regional Market Life Cycle~ || Regional Market Life Cycle Analysis~ || Percent Revenue Forecast by Region~ || EIM Revenue Forecast by Region~ || Technology Trends~ || Market Share and Competitive Analysis—Total EIM Solutions Market~ || EIM Competitive Landscape—Market Share~ || EIM Competitive Environment~ || EIM Competitive Landscape~ || EIM Competitive Landscape—Factors and Assessment~ || Market Leader—Hexagon~ || Market Challenger—Aveva~ || Market Challenger—BlueCielo~ || Market Contender—Synergis Software~ || Other Market Contenders and Participants~ | Growth Opportunities and Companies to Action~ || Growth Opportunity 1—Renewable Energy Projects~ || Growth Opportunity 2—US Infrastructure~ || Growth Opportunity 3—Expansion to AEC/ECM Projects~ || Growth Opportunity 4—Increasing Mobile Adoption~ || Growth Opportunity 5—Mergers and Acquisitions~ || Strategic Imperatives for Success and Growth~ | Vertical Analysis~ || Vertical Segmentation~ || Vertical Breakdown—Energy~ || Vertical Breakdown—Utilities~ || Vertical Breakdown—Infrastructure~ || Vertical Breakdown—Mining~ || Vertical Breakdown—Other Verticals~ | NALA Analysis~ || NALA Key Findings~ || NALA Revenue Forecast~ || EMEA Analysis~ || EMEA Key Findings~ || EMEA Revenue Forecast~ | APAC Analysis~ || APAC Key Findings~ || APAC Revenue Forecast~ | The Last Word~ || The Last Word—Predictions~ || The Last Word—Recommendations~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || Market Engineering Measurements~ || List of Market Participants~ | Appendix~ || List of Exhibits~
List of Charts and Figures 1. Total EIM Solutions Market: Key Market Drivers, Global, 2017–2023~ 2. Total EIM Solutions Market: Key Market Restraints, Global, 2017–2023~ 3. Total EIM Solutions Market: Revenue Forecast by Region, Global, 2016–2023 ~ 4. Total EIM Solutions Market: Competitive Structure, Global, 2016~ 5. Total EIM Solutions Market: Market Engineering Measurements, Global, 2016~| 1. Total EIM Solutions Market: Market Engineering Measurements, Global, 2016~ 2. Total EIM Solutions Market: Percent Revenue Breakdown by Region, Global, 2016~ 3. Total EIM Solutions Market: Distribution Channel Analysis, Global, 2016~ 4. Total EIM Solutions Market: Percent Revenue Breakdown by New vs. Recurring Business, Global, 2016~ 5. Total EIM Solutions Market: Revenue Forecast, Global, 2016–2023~ 6. Total EIM Solutions Market: Regional Life Cycle, Global, 2016~ 7. Total EIM Solutions Market: Percent Revenue Forecast by Region, Global, 2016 and 2023~ 8. Total EIM Solutions Market: Market Share Analysis, Global, 2016~ 9. Total EIM Solutions Market: Competitive Landscape, Global, 2016~ 10. Total EIM Solutions Market: Revenue Split by Vertical, Global, 2016~ 11. EIM Solutions Market: Revenue Forecast, NALA, 2016–2023~ 12. EIM Solutions Market: Revenue Forecast, EMEA, 2016–2023~ 13. EIM Solutions Market: Revenue Forecast, APAC, 2016–2023~
Author Robert Cavin
Industries Information Technology
WIP Number K1BB-01-00-00-00
Keyword 1 Engineering Information Management
Is Prebook No
GPS Codes 9523-D1,9705-C1