What is the market for the tools engineers use to design and build virtually everything in the world? The worldwide market for Engineering Design Tools for Industry and Infrastructure is presently quite strong in almost all sectors, and will continue to exhibit good growth according to a new ARC Advisory Group study.
Owner/operators of both industrial and infrastructure assets, many of which are nearing the end-of-life phase, are being pressured to “sweat the assets”. Owners are increasingly utilizing engineering design tools to prolong and extend the life and efficiency of assets in the Brownfield case. “Although engineering and design tools historically were previously designed more or less purely for design and engineering stakeholders such as AECs or EPCs, engineering design tool offerings have morphed into more robust collaborative agents that can be utilized by owners and agents for the entire lifecycle of the infrastructure or plant asset,“ according to Director of Consulting Russ Novak, the principal author of ARC’s “Engineering Design Tools for Industry and Infrastructure”.
For more details please click 'Engineering Design Tools for Industry and Infrastructure Driven by High Levels of Project Activity'
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