The high growth handbook7/4/2023 ![]() More asset owners are also investing sizeable capital to decarbonize their portfolios to make them climate resilient. On one hand, global demand for long-term construction is strong, in part because of increased stimulus by governments, such as the $1.2 trillion Bipartisan Infrastructure Law in the United States and the €800 billion NextGenerationEU fund in Europe. We outline the investment trends that are accelerating the digitization of the industry, and we suggest how tech businesses, and their investors, can address challenges to get on a path of efficient growth.Ī combination of supply-and-demand factors are prompting investment in AEC tech. In this article, we review the findings of that research. ![]() Using primary research and publicly available data, we also mapped and analyzed more than 3,000 AEC tech companies. In this environment, how can AEC tech companies accelerate adoption and sales and achieve scale? To answer this question, we surveyed approximately 100 investors and AEC tech players in 2022 and interviewed founders, investors, and large software companies in the industry. And it is hard for AEC tech companies to grow efficiently due to several dynamics among AEC customers, including fragmentation, low IT spend (relative to other industries), and entrenched analog ways of working. ![]() ![]() The industry boasts fewer scale-ups and unicorns relative to its size. Although the AEC tech industry is maturing, it is not yet at the scale and sophistication of more established software markets like logistics, manufacturing, and agriculture. ![]()
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