Market for architectural services to reach $523.2 billion by 2030, new study projects
Archinect
FEBRUARY 9, 2024
A new study conducted by the group Grand View Research Inc. has indicated a likely rise in the global demand for architectural services to a market share of $523.2 billion by the end of the decade. The study cites the rates of urbanization in countries such as Brazil and India alongside a worldwide focus on the creation of affordable housing as the main factors supporting a compound annual growth rate (CAGR) of 4.8% from 2023 to 2030.
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