https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
The Global Architectural Services industry has endured some complications over the five years to 2023. Despite economic growth and an infusion of government-funded building projects in emerging nations fueling revenue early in the period, the industry did not fare as well in the latter half of the period. The COVID-19 pandemic decreased employment and consumer spending in developed economies, in addition to negatively affecting the global economic operating environment. Still, industry performance will rejuvenate as the economy continues its recovery following the worst effects of the pandemic. The Global Architectural Services industry's revenue has been inching upward at a CAGR of 0.7% to $255.3 billion over the five years to 2023, including an estimated 2.4% jump in 2023 alone.Most companies are small-scale contractors that operate within narrow regional markets or in specialized services. Still, there are also numerous large-scale companies capable of operating outside national boundaries. International activity is mainly confined to the large-scale architecture and design companies from developed economies, such as the United States, Europe and Japan. Many of the largest architectural services companies also serve as engineering and construction companies, offering clients a one-stop shop for design, procurement and construction services. Small- and medium-sized architects have found themselves in direct competition with multidiscipline design, engineering and building companies, making it difficult for companies that offer only architectural services to secure contracts for large-scale building projects. Industry profit has declined over the past five years due to competitive pricing pressures.Industry revenue is expected to improve over the five years to 2028 due to a recovery in construction activity, particularly in the United States. The industry will also benefit from a strong increase in global aggregate private investment and greater demand for government and institutional structures, such as healthcare facilities, schools and airports in emerging economies. Interest rates are set to stabilize, limiting demand volatility in downstream construction industries. The Global Architectural Services industry's revenue is expected to expand at a CAGR of 2.7% to $292.4 billion over the five years to 2028.
https://www.archivemarketresearch.com/privacy-policyhttps://www.archivemarketresearch.com/privacy-policy
The U.S. Architectural Services Market size was valued at USD 75.87 billion in 2023 and is projected to reach USD 101.19 billion by 2032, exhibiting a CAGR of 4.2 % during the forecasts period. The U. S. architectural services market embraces firms that work and specialize in the planning and designing of constructions and infrastructural development. The architectural services include the designing of structures, the developing of ideas for the structures, the management of the construction as well as adherence to legislations concerning construction. Some of the architectural services are constructing residential, commercial, industrial, and institutional buildings to both private and public entities. Some of the key uses are in Architecture of houses, offices, hospital, schools and city planning. Some of the current trends in the market are green building designs, use of BIM to improve the design and planning, increasing trend of integration between residential and commercial properties and use of smart building technologies. Moreover, trends imply an emphasis on contextually appropriate and adaptive built environments because of the changes in human needs and conditions of natural environment in today’s society. Recent developments include: In February 2024, CannonDesign partners with SRG Partnership, a dynamic architecture, interiors and planning firm with studios in Portland, Oregon, and Seattle, Washington. This merger will bring a fusion of talent to empower business resources, and now both entities are committed to making a profound difference through design. , In January 2024, Stantec, a global leader in sustainable design and engineering, signed an agreement to acquire Morrison Hershfield. The acquisition will strengthen. The acquisition of Morrison Hershfield expands Stantec’s presence in the U.S. for building engineering and architectural services. , In December 2023, HDR, a construction services and related expertise completed acquisition of Boston-based City Point Partners. This acquisition will provide greater technical expertise to its clients for infrastructural development. , In November 2023, AECOM, the company signed a memorandum of understanding with Boryspil International Airport to work as a reconstruction delivery partner for reconstructing the Boryspil International Airport. AECOM will provide infrastructure consulting services that encompass asset condition and capability assessment, planning, design, program management, and construction management. In addition, the company helped develop program management capabilities for the broader reconstruction of the country's aviation industry. .
This statistic displays the value share of the architectural services market in the United States from 2014 to 2025, by service type. In 2018, engineering services held a **** percent value share of the U.S. architectural services market.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The Report Covers Global Architectural Services Market Share and Forecast and is Segmented by End User (Residential, Education, Healthcare, and Corporate) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Segments.
Architectural Services Market Size 2025-2029
The architectural services market size is forecast to increase by USD 93.5 billion at a CAGR of 4.4% between 2024 and 2029.
The market is experiencing significant growth, driven primarily by the expansion of the global construction industry. This sector's continued expansion is fueled by increasing infrastructure development, urbanization, and rising demand for sustainable and energy-efficient buildings. Another key driver is the growing prevalence of Building Information Modeling (BIM), a digital tool that streamlines design and construction processes, enhances collaboration, and reduces errors. However, the market faces challenges due to economic volatility and uncertainty in the construction industry. Fluctuating commodity prices, regulatory changes, and geopolitical risks can impact project timelines and budgets. To capitalize on market opportunities and navigate these challenges effectively, companies must stay informed of industry trends and adapt to evolving client needs. Strategic partnerships, innovation, and operational efficiency are essential to remaining competitive in this dynamic market.
What will be the Size of the Architectural Services Market during the forecast period?
Request Free Sample
The market encompasses a range of professional services involved in the design and planning of construction projects. This market is driven by various factors, including urbanization and the increasing demand for infrastructure development in both developed and developing nations. Architectural services span from urban planning and feasibility studies to architectural programming, project management, construction documentation, and sustainable construction. The market's size is significant, with continuous growth attributed to the increasing focus on patient care, patient outcomes, and patient satisfaction in the healthcare sector.
Building space optimization, feasibility studies, and project management services are essential components of the market, ensuring the financial potential and return on investment for construction projects. The integration of computer software and fundamental bioclimatic design principles further enhances the market's value proposition, contributing to operational cost savings and sustainable construction practices.
How is this Architectural Services Industry segmented?
The architectural services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
End-user
Commercial
Residential
Type
Construction and project management
Engineering and interior designing
Urban planning
Architectural advisory services
Others
Application
New construction
Renovation and remodeling
Restoration and conservation
Geography
North America
US
Canada
Europe
France
Germany
UK
APAC
China
India
Japan
South Korea
Middle East and Africa
South America
Brazil
By End-user Insights
The commercial segment is estimated to witness significant growth during the forecast period. The market caters to the demand for innovative and efficient design solutions in the commercial sector. Urbanization, population growth, and economic expansion are key drivers fueling this market. Commercial structures, such as hotels, restaurants, retail outlets, and office buildings, require specialized architectural services to meet their unique needs. Leading firms like AECOM and HOK offer project management, urban planning, interior design, and construction documentation services to cater to this market. The adoption of advanced design technologies, such as VR technology, CAD software, and 3D printing technology, is transforming the architectural landscape. Sustainable buildings, green buildings, and eco-friendly amenities are becoming increasingly popular, driven by environmental regulations and customer demand. The residential sector also presents significant growth opportunities, with a focus on affordable housing, custom residences, and luxury apartments. Reliable suppliers and service providers are essential in ensuring the success of architectural projects, particularly in the context of rapid infrastructure development and updated design technologies.
Get a glance at the market report of share of various segments Request Free Sample
The commercial segment was valued at USD 245.50 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
https://www.coherentmarketinsights.com/privacy-policyhttps://www.coherentmarketinsights.com/privacy-policy
Architectural Services Market valuation is estimated to US$ 409.75 Bn in 2025 and is anticipated to grow to US$ 600.41 Bn by 2032 with steady CAGR of 5.6% .
This statistic shows the revenue of the industry “architectural, engineering, and related services“ in the U.S. from 2012 to 9999, with a forecast to 2024. It is projected that the revenue of architectural, engineering, and related services in the U.S. will amount to approximately ***** billion U.S. Dollars by 2024.
This statistic shows the revenue of the industry “architectural services“ in the U.S. from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of architectural services in the U.S. will amount to approximately **** billion U.S. Dollars by 2024.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
The architecture industry has faced a challenging landscape over the last five years, grappling with shifts in work models and financial fluctuations. The pandemic ushered in remote and hybrid work environments, hindering demand for traditional office spaces. Climbing office vacancies, now at a record 19.8% nationwide, have halted the growth of large-scale office projects. Architects are redefining their strategies, with cities like San Francisco and Austin experiencing vacancy rates above 26.0%. The industry’s revenue in 2025 will expand by 2.4% to reach $61.8 billion, with growth over the next five years at a CAGR of 2.2%. Positive developments like the $1.2 trillion Infrastructure Investment and Jobs Act offer a financial boost against potential downturns, representing a considerable portion of industry revenue and opening new opportunities for public sector projects. Economic challenges in recent years, including fluctuating interest rates and inflation, have hindered architects’ profitability. The Federal Reserve’s 11 interest rate hikes between 2022 and 2023 dampened residential construction, causing falling household demand for architectural services. Industry revenue took a hit as elevated financing costs delayed or canceled projects. Residential construction values dipped, reducing housing starts by 9.0% in 2023. In response, architects have had to shift operations by diversifying portfolios and embracing sustainable design practices, stabilizing profit at around 16.3%. Technological integration has helped architects streamline efficiencies and minimize costs, especially when employing BIM and 3D printing. Recent declines in interest rates and incoming opportunities from government-funded infrastructure projects shine a brighter light on the future. Looking ahead, the recovering housing market and increased focus on sustainability drive a promising outlook for architecture firms. Interest rate cuts present new possibilities in residential construction, climbing by 1.2% in 2025, invigorating demand for architectural design services. As urbanization accelerates and populations swell in metropolitan hubs, architects will play a key role in transforming cities through mixed-use and vertical living designs. Sustainability is poised to become central, with advanced technologies like solar panels and green building innovations leading the charge. Developers increasingly recognize and leverage the fiscal advantages of eco-conscious projects. The expansion of AI, VR and AR promises to strengthen accuracy, enhance client engagement and streamline project deliverables. Architects who strategically position themselves in high-growth regions like the Southeast and integrate sustainable practices will thrive, capitalizing on emerging trends and expanding their market presence. Revenue will reach $69.0 billion in 2030.
https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain
Graph and download economic data for Employment for Professional, Scientific, and Technical Services: Architectural Services (NAICS 54131) in the United States (IPUMN54131W010000000) from 1987 to 2024 about architecture, science, professional, NAICS, services, employment, and USA.
https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain
Graph and download economic data for Hours Worked for Professional, Scientific, and Technical Services: Architectural Services (NAICS 54131) in the United States (IPUMN54131L201000000) from 1988 to 2024 about architecture, science, professional, NAICS, hours, services, and USA.
Architectural Engineering And Construction Solutions (AECS) Market Size 2025-2029
The architectural engineering and construction solutions (AECS) market size is forecast to increase by USD 11.96 billion at a CAGR of 14.9% between 2024 and 2029.
The market is experiencing significant growth, driven by the increasing demand for large-scale project management in the construction industry. This trend is fueled by the need for more efficient and effective ways to manage complex projects, particularly those involving intricate designs and extensive budgets. Additionally, the popularity of cloud-based AECS is on the rise, enabling real-time collaboration and data accessibility from anywhere, leading to increased productivity and cost savings. However, the market faces challenges as well. Regulatory hurdles impact adoption, with stringent building codes and standards requiring solutions that adhere to specific regulations. Supply chain inconsistencies temper growth potential, as delays and disruptions in the supply of raw materials and components can significantly impact project timelines and budgets. Open-source companies offer a variety of business analytics tools and applications, which are freely available on the Internet. However, competition from open-source software poses a challenge to market players, requiring them to differentiate through additional features and services.
Competition from open-source software also poses a threat, offering lower costs but potentially sacrificing advanced features and support. Companies seeking to capitalize on market opportunities must navigate these challenges effectively, focusing on regulatory compliance, supply chain management, and differentiation through value-added services and advanced features.
What will be the Size of the Architectural Engineering And Construction Solutions (AECS) Market during the forecast period?
Request Free Sample
The Architectural Engineering and Construction Solutions (AECS) market is experiencing significant advancements, driven by the integration of technology and evolving regulatory requirements. Cloud-based solutions are transforming project delivery, enabling real-time collaboration and data access for stakeholders. Building energy codes are becoming more stringent, necessitating the adoption of energy efficiency measures and building science expertise. Construction materials are evolving to include sustainable options, contributing to green building standards and practices. Construction risk assessment is a critical component of project management, with safety training and equipment essential for mitigating risks. Project lifecycle management tools facilitate efficient building envelope design, construction logistics, and cost control.
Heavy machinery and construction equipment are being optimized for performance and energy efficiency, while digital collaboration tools streamline communication and project schedule optimization. Construction innovations, such as BIM modeling software and construction simulation, enable more accurate project planning and execution. Renewable energy integration and waste management are key considerations for sustainable construction practices, with data analytics and environmental impact assessment playing essential roles in informed decision-making. Supply chain management and mobile applications further enhance project efficiency and productivity. Construction techniques are evolving to prioritize building performance optimization and project risk management, with a focus on the entire project lifecycle.
How is this Architectural Engineering And Construction Solutions (AECS) Industry segmented?
The architectural engineering and construction solutions (AECS) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Product
Software
Services
Deployment
On-premises
Cloud-based
Sector
Large enterprises
SMEs
End-user
Construction and architecture
Education
Others
Geography
North America
US
Canada
Mexico
Europe
France
Germany
UK
APAC
Australia
China
India
Japan
Rest of World (ROW)
By Product Insights
The software segment is estimated to witness significant growth during the forecast period.
The market has witnessed notable growth in recent years, driven by the expanding construction industry and the increasing adoption of advanced technologies. Laser scanning and drone technology have revolutionized quality control and site surveying, ensuring more accurate data and reducing errors. Historic preservation and environmental regulations have led to a greater focus on building performance analysis and energy modeling, with Net Zero Energy and LEED c
This statistic shows the revenue of the industry “landscape architectural services“ in the U.S. from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of landscape architectural services in the U.S. will amount to approximately ******* million U.S. Dollars by 2024.
https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain
Graph and download economic data for Labor Productivity for Professional, Scientific, and Technical Services: Architectural Services (NAICS 541310) in the United States (IPUMN541310L000000000) from 1987 to 2022 about architecture, science, productivity, professional, NAICS, labor, services, and USA.
Architectural Engineering And Construction (AEC) Software Market Size 2024-2028
The architectural engineering and construction (AEC) software market size is forecast to increase by USD 7.07 billion at a CAGR of 12% between 2023 and 2028.
The market is experiencing significant growth due to several key factors. One major trend is the increasing adoption of cloud-based solutions, which offers advantages such as real-time collaboration and access to large data sets. This is particularly relevant to city planning services, real estate development, and the construction of data centers, transportation infrastructure, highways, aviation facilities, and e-commerce warehouses.
Additionally, another growth driver is the need for interoperability between different software systems to streamline workflows and improve project efficiency. However, challenges remain, including data security concerns and the complexity of implementing new technologies. Despite these hurdles, the future of the AEC software market looks promising, with continued innovation and investment in advanced technologies such as artificial intelligence and the Internet of Things (IoT) set to transform the industry.
What will be the Size of the Market During the Forecast Period?
Request Free Sample
The architectural engineering and construction (AEC) industry is undergoing a significant digital transformation, with software playing a pivotal role in streamlining processes and improving efficiency. This transformation is driven by various factors, including the adoption of sustainable building practices, the need for project management and construction management solutions, and the integration of emerging technologies such as building information modeling (BIM), 3D printing, and artificial intelligence (AI). Design software is a crucial component of the AEC industry, enabling architects and engineers to create detailed plans and models for buildings and infrastructure projects.
Additionally, project management software, on the other hand, helps construction companies manage resources, schedules, and budgets more effectively. Construction management software facilitates collaboration between different stakeholders, ensuring that projects are completed on time and within budget. Digital transformation in the AEC industry is also leading to the adoption of cloud-based solutions. These solutions offer several advantages, including increased flexibility, scalability, and accessibility. However, on-premises deployment remains a popular choice for some organizations due to security concerns and the need for greater control over their data. The integration of AI in AEC software is a growing trend, with applications ranging from predictive maintenance and energy optimization to automating repetitive tasks and improving design processes.
Moreover, AI is also being used to analyze data from drones and virtual reality (VR) to enhance project visualization and site surveying. Sustainable building practices are becoming increasingly important in the AEC industry, with renewable energy and green construction being key areas of focus. AEC software is playing a critical role in this area, enabling the design and implementation of energy-efficient buildings and infrastructure projects. The learning curve associated with implementing new AEC software can be a challenge for some organizations. However, the benefits of digital transformation far outweigh the initial investment and training costs. With the right software solutions in place, AEC firms can improve productivity, reduce errors, and enhance collaboration between teams.
In summary, the AEC services market includes architectural services, engineering services, and construction services. Each of these segments is adopting software solutions at different rates, with engineering services leading the way due to the need for precise calculations and simulations. However, architectural and construction services are also investing in software to improve design processes and project management. Infrastructure projects, including public infrastructure, residential construction, commercial construction, and industrial construction, are all benefiting from the adoption of AEC software. The use of software is enabling more efficient design and construction processes, as well as improved collaboration between stakeholders.
In conclusion, the AEC software market is experiencing significant growth as organizations in the industry continue to embrace digital transformation. From design software and project management solutions to cloud-based offerings and AI integration, software is playing a critical role in improving efficiency, reducing costs, and enhancing collaboration in the AEC industry.
How is this market segmented and which is the largest segment?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and
https://www.futuremarketinsights.com/privacy-policyhttps://www.futuremarketinsights.com/privacy-policy
The global platform architecture market is forecasted to be appraised at US$ 19,235 Million by 2032, up from US$ 5,127 Million in 2022, advancing at a CAGR of 14.1% during the forecast period. There has been a growth in the need to eliminate the management of servers and rapid app development, which is likely to effectuate the adoption of platform architecture. However, certain issues associated with third-party APIs, such as compliance, lock-in problems, vendor dependency, and security concerns, are expected to be major hindrances to market growth.
Attributes | Details |
---|---|
Platform Architecture Market Size (2022) | US$ 5,127 Million |
Platform Architecture Market Size (2032) | US$ 19,235 Million |
Platform Architecture Market CAGR | 14.1% |
Report Scope
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 4.6% from 2022 to 2032 |
The base year for estimation | 2021 |
Historical data | 2016 to 2021 |
Forecast period | 2022 to 2032 |
Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
Segments Covered | Deployment Type, Services Type, Verticals, and Region. |
Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand |
Country scope | USA; Canada; Mexico; Germany; United Kingdom; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; United Arab Emirates(UAE); Iran; South Africa |
Key companies profiled | SAP SE, Cisco Systems Inc., IBI Group, Synopsys Inc., Microsoft Corp., Oracle Corporation, Nikken Sekkei Ltd., Perkins Eastman, IBM Corp., Jacobs Engineering Group, Apprenda Inc., RNF Technologies, Google Inc., DP Architects Pvt. Ltd., Foster + Partners, etc. |
Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
This industry includes firms that engage in drawing detailed layouts, plans and illustrations of buildings, structures, systems or components from engineering and architectural specifications.
https://dataintelo.com/privacy-and-policyhttps://dataintelo.com/privacy-and-policy
The global architecture, engineering, and construction (AEC) software market size was USD 9.02 Billion in 2023 and is likely to reach USD 19.82 Billion by 2032, expanding at a CAGR of 9.14% during 2024–2032. The market growth is attributed to the growing urbanization and increasing adoption of building information modeling (BIM).
Increasing adoption of building information modeling (BIM) is projected to boost the architecture, engineering, and construction (AEC) software market. BIM allows for better collaboration among architects, engineers, and construction professionals by providing a unified view of the project. This necessitates the use of AEC software that supports BIM workflows.
Architecture, engineering, and construction (AEC) software is widely used in the development of infrastructure as it allows all stakeholders, including architects, engineers, and construction professionals, to work together effectively. It provides a centralized platform where everyone accesses and updates project information, improving communication and reducing misunderstandings, thereby boosting adoption.
Artificial Intelligence (AI) is revolutionizing the AEC software market by introducing new capabilities and efficiencies. AI-powered software analyzes vast amounts of data quickly and accurately, providing valuable insights that inform design decisions, improve project planning, and enhance risk management. AI predicts potential construction issues before they occur, allowing for proactive measures to mitigate these risks. Furthermore, AI automates routine tasks, freeing up professionals to focus on complex aspects of a project. This not only increases productivity but also reduces the likelihood of human error. AI further facilitates better collaboration among team members by providing real-time updates and enabling effective communication. Therefore, artificial intelligence is not only transforming the way AEC professionals work but als
This statistic shows the revenue of the industry “architectural services“ in Texas from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of architectural services in Texas will amount to approximately 2.956,0 million U.S. Dollars by 2024.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
United States - Producer Price Index by Industry: Architectural Services was 156.25800 Index Dec 1996=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Architectural Services reached a record high of 156.25800 in April of 2025 and a record low of 100.00000 in December of 1996. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Architectural Services - last updated from the United States Federal Reserve on July of 2025.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
The Global Architectural Services industry has endured some complications over the five years to 2023. Despite economic growth and an infusion of government-funded building projects in emerging nations fueling revenue early in the period, the industry did not fare as well in the latter half of the period. The COVID-19 pandemic decreased employment and consumer spending in developed economies, in addition to negatively affecting the global economic operating environment. Still, industry performance will rejuvenate as the economy continues its recovery following the worst effects of the pandemic. The Global Architectural Services industry's revenue has been inching upward at a CAGR of 0.7% to $255.3 billion over the five years to 2023, including an estimated 2.4% jump in 2023 alone.Most companies are small-scale contractors that operate within narrow regional markets or in specialized services. Still, there are also numerous large-scale companies capable of operating outside national boundaries. International activity is mainly confined to the large-scale architecture and design companies from developed economies, such as the United States, Europe and Japan. Many of the largest architectural services companies also serve as engineering and construction companies, offering clients a one-stop shop for design, procurement and construction services. Small- and medium-sized architects have found themselves in direct competition with multidiscipline design, engineering and building companies, making it difficult for companies that offer only architectural services to secure contracts for large-scale building projects. Industry profit has declined over the past five years due to competitive pricing pressures.Industry revenue is expected to improve over the five years to 2028 due to a recovery in construction activity, particularly in the United States. The industry will also benefit from a strong increase in global aggregate private investment and greater demand for government and institutional structures, such as healthcare facilities, schools and airports in emerging economies. Interest rates are set to stabilize, limiting demand volatility in downstream construction industries. The Global Architectural Services industry's revenue is expected to expand at a CAGR of 2.7% to $292.4 billion over the five years to 2028.