Architecture plays an important role in development of both commercial & residential infrastructure. Architecture essentially refers to designing and construction of buildings, landscapes, residential, public and commercial structures by integrating civil engineering with applied sciences. With the advent of new architectural technologies, implementation of technologies such as computer-aided design and drafting (CADD) for the purpose of designing has increased. Generally, an efficient architecture and design draft considers environmental & social impact, building function, technical advancements, resource & energy efficiency, design aesthetics and sustainability.
Global architecture and design market is driven majorly by factors such as growing demand for sustainable green buildings and rising investments in global construction industry. Presently, with increase in public awareness and implementation of environmental legislations & regulations, architectural designers are focusing on green building technologies and energy conservation.
The construction industry is witnessing emergence of advanced technologies and increasing inclination towards smart cities development. Consequently, architecture companies are implementing use of various technologies like Internet of Things, sensors, smart meters, etc. in their architectural designs. In addition, architecture designing may implement multidisciplinary approaches including social anthropology & environmental science for designing of complex projects.
Another trend gaining momentum involves collaborative consumption of spaces that involves arrangement for mutual access instead of complete individual ownership. In residential architecture, collaborative consumption is currently focusing on transformable spaces, smart designs and interconnectivity to redefine living spaces according to economic & personal preferences. In addition, smart cities are also experiencing use of prefabricated construction in order to achieve proper waste management and energy efficiency.
Global architectural and design industry is highly fragmented with higher number of local and regional players operating in the market. Architecture industry is facing some challenges related to construction administration, building material coordination & management, scheduling, function flexibility and cost estimation & control.
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