The MEP Software Market to Reach USD 9.6 Billion Globally, by 2033 at 9.2% CAGR : Allied Market Research

The MEP software industry is experiencing growth due to increased demand for automation and rise in construction activities.

WILMINGTON, DE, UNITED STATES, January 27, 2025 /EINPresswire.com/ -- Allied Market Research published a report, titled, "MEP Software Market by Component (Software and Service), Deployment (Cloud and On-Premise), and Application (Mechanical, Electrical and Plumbing): Global Opportunity Analysis and Industry Forecast, 2024-2033".

According to the report, the MEP software market was valued at $4.0 billion in 2023, and is estimated to reach $9.6 billion by 2033, growing at a CAGR of 9.2% from 2024 to 2033.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 – 200 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/A15838

The global mechanical, electrical and plumbing (MEP) software market is experiencing growth due to increased demand for automation and rise in construction activities which drives the market growth. However, high initial costs hinder market growth to some extent. Moreover, advancements in cloud technology and AI & machine learning integration in MEP software offers remunerative opportunities for the expansion of the global mechanical, electrical and plumbing (MEP) software market.  

The MEP software market size is segmented by component, deployment, application and region. On the basis of component, the market is divided into software and service. As per mode of deployment, the market is segregated into cloud and on-premise. On the basis of application, the market is divided into mechanical, electrical and plumbing. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐨𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/A15838

By component, the software segment held the highest market share in 2023, owing to the growing adoption of cloud-based solutions, automation tools, and advanced design software that enhance efficiency, accuracy, and integration in mechanical, electrical and plumbing (MEP) project management, which drives the segment growth. However, the services segment is projected to attain the fastest growing segment from 2024 to 2033, owing to increasing demand for consulting, implementation, and maintenance services that ensure seamless integration, customization, and efficient use of MEP software across various industries and projects. 

By deployment, the on-premise segment held the highest market share in 2023, owing to enhanced data security, full control over infrastructure, and the preference of large enterprises for customized, in-house solutions over cloud-based alternatives. This drives the segment growth in the market. However, the cloud segment is projected to attain the fastest growing segment from 2023 to 2033, owing to increased scalability, remote accessibility, lower upfront costs, and the rising adoption of subscription-based models among small and medium-sized enterprises. 

By application, the mechanical segment held the highest market share in 2023 owing to the increasing demand for new buildings and the need for more efficient design tools. However, the electrical segment is projected to attain the fastest growing segment from 2023 to 2033, owing to increasing demand for energy-efficient solutions, advancements in electrical design software, and the integration of smart technologies in building projects, enhancing efficiency and sustainability in MEP systems, thereby driving the segment growth. 

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A15838

North America leads the market share in 2023, owing to advanced technological infrastructure, a high concentration of key industry players, increased adoption of building information modeling (BIM), and significant investments in smart building technologies and sustainable construction practices. This drives the region growth in the market. However, Asia-Pacific is projected to attain the fastest growing region from 2024 to 2033, owing to rapid urbanization, industrialization, and infrastructure projects across the country. The demand for residential, commercial, and industrial spaces has fueled the need for advanced MEP systems to ensure comfort, safety, and energy efficiency, which drives the region growth in the MEP software market. 

Players: - 

• Autodesk Inc. 
• Trimble Inc. 
• ALLPLAN GmbH 
• Evolve MEP, LLC 
• MagiCAD Group Oy 
• ACCA software S.p.A 
• Nemetschek SE 
• Causeway Technologies 
• progeSOFT 
• ePROMIS Solutions  
• Renga Software LLC 
• The Access Group 
• On Center Software 
• Design Master Software, Inc 
• RIB Software GmbH 

The report provides a detailed analysis of these key players in the global mechanical, electrical and plumbing (MEP) software market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, acquisition and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 (200 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/mep-software-market/purchase-options

Recent Development: 

In October 2022, Trimble announced Project MEP, a construction management solution that provides unparalleled visibility into MEP workflows from estimating, change management, project management, detailing, fabrication and beyond. In addition, the Project MEP is designed specifically for operations teams within electrical, mechanical, HVAC and plumbing contractors. Project MEP powers greater efficiency, collaboration and visibility across projects. 

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

𝑶𝒕𝒉𝒆𝒓 𝑻𝒓𝒆𝒏𝒅𝒊𝒏𝒈 𝑹𝒆𝒑𝒐𝒓𝒕𝒔:

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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