Entrepreneurship in AECO industry
AECO, the $7,188 Billion global Architectural Engineering and Construction industry, faces challenges such as cultural resistance, high initial costs, and limited technology adoption. Dominated by software like Building Information Modelling (BIM), AECO’s gradual digital transformation presents opportunities for startups in areas like AI, IoT, and sustainability solutions.
Despite cultural barriers and high costs, the industry’s global scale, demand for infrastructure, and push for green practices create a favourable environment for innovative startups. Technology adoption, economic support, and the Indian market’s potential further contribute to AECO’s promising landscape, with programs like AmpliNxt offering crucial support for startups entering this dynamic field.