New study finds AEC firms require 50% more cloud storage than before

The latest trends report focuses on the AEC industry’s shift from local to cloud storage and collaboration solutions (Photo: AdobeStock)

The 2024 AEC Data Insights Report highlights the dynamic shifts in data storage, security, and collaborative practices that industry professionals are adopting.

The latest trends report focuses on the AEC industry’s shift from local to cloud storage and collaboration solutions, which is said to have seen exponential growth over the years.

The surveyed companies’ data storage requirements have increased at an average compounded annual growth rate of 50.3%.

Egnyte says that this trend began during the pandemic, but companies have continued to transition to the cloud as they have realised its benefits.

The report also highlighted that the construction sector accounts for 60% of recurring IT issues in the AEC industry.

“The insights we gleaned from this year’s 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.”

The Data Insights Report by Egnyte analyses the data usage patterns of more than 4,000 companies operating in the AEC industry. The report aims to provide valuable insights into how companies currently rely on cloud collaboration and how those needs are expected to change in the future.

The findings are based on data from Egnyte’s customer base, which includes firms representing every stage of the AEC project lifecycle.

To read the full report, click here.