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Share this article Share this article ResearchAndMarkets.com s offering. The global architectural, engineering consultants and related services market is expected to grow from $1054. 67 billion in 2020 to $1192. 44 billion in 2021 at a compound annual growth rate (CAGR) of 13.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1491.62 billion in 2025 at a CAGR of 6%. Major companies in the architecture, engineering consultants and other related services (A,EC & related services) market include Bechtel Corporation; AECOM; Jacobs Engineering Group Inc; Gensler and CH2M HILL Inc. ....
Engineering Drives Significant Economic Activity And Employment New Landmark Study Finds Engineering and Architectural Services Sector Employs More Than 1.5 Million; Generates 2% Of U.S. Economy The Engineering and Architectural Services sector directly employs more than 1.5 million Americans and supports an additional 3 million indirect jobs making up 3 percent of all U.S. jobs. This is according to a first-of-its-kind industry profile out today from the ACEC Research Institute the leading source of knowledge and thought leadership in the engineering space. The analysis also found that the engineering and architectural services sector drives $386B in annual revenue. Additional Key Findings: The engineering and architectural services sector employs more than 1.5 million people and pays an average annual salary of $88,000, far exceeding the national average of $60,300. ....