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The 2024 AEC Data Insights Report from Egnyte shows that the Architecture, Engineering, and Construction (AEC) industry is embracing the shift to cloud storage and other digital construction tools.

The data storage requirements of the companies surveyed grew at an average compounded annual growth rate of 50.3%.

Egynte observes that this rapid growth trend began during the pandemic, but as companies started to see the benefits of the cloud, growth has maintained that pace.

Cloud storage and collaboration solutions have become an increasingly normalised part of the AEC industry workings- and can help meet new regulatory requirements, such as those of the Cybersecurity Maturity Model Compliance (CMMC) in the United States and the Building Safety Act in the UK.

The findings are based on data from more than 4,000 companies in Egnytes customer base, which includes firms representing every stage of the AEC project lifecycle.

The insights we gleaned from this years report reflect the conversations we have with AEC firms on a daily basis. Companies are relying more heavily on digital collaboration to get the job done a trend that shows no signs of slowing down, said Ronen Vengosh, senior vice president of Industry Solutions at Egnyte.

Their increased reliance on cloud collaboration and file storage coupled with the high frequency of cybersecurity threats these firms encounter highlights the need for secure, reliable cloud collaboration solutions.

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New study finds AEC firms using 50% more cloud storage than before - Planning, Building & Construction Today