LONDON, Jan. 25, 2017 /PRNewswire/ -- Architecture, Engineering Consultants And Other Related Services comprise activities that provide support to planning and designing of construction related businesses of all sizes across all sectors. Business entities that are engaged in providing architectural, engineering and related services are generally referred as architectural firms or engineering consultancy firms.
The USA was the largest market in the architecture, engineering consultants and other related services industry in 2016, accounting for around $250 billion or 25% of the market. China was the second largest market, accounting for about $115 billion or 10% of the market. The UK was the third largest market, accounting for about $90 billion or 8% of the market. Russia was the lowest of the featured countries in the architecture, engineering consultants and other related services market accounting for around 2%. Other countries together represented around 25% of the global market.
Many professional firms are opting for virtual offices to avoid costs that come with permanent offices such as office rent and computer hardware. By having few permanent offices, hosting their IT infrastructure on the cloud and hiring freelance and contract employees near the client location these firms are able to compete aggressively on price while maintaining reasonable margins.
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