nCircle Tech, a leading global tech provider in the Architecture, Construction, and Engineering (AEC) market, is making waves and garnering attention worldwide with its tech-first approach and unique blend of offerings. This decade-old, trailblazer company is now embarking on a new journey with its global expansion.
The AEC market is rapidly evolving, with an estimated contribution of 13% to global GDP. According to McKinsey, 80% of construction executives expect radical change with new technologies in the following 15 to 20 years. Within the next five years, we can expect 60% of the major changes. And nCircle Tech is at the forefront of implementing them!
Let’s delve into how nCircle Tech, the Pune-based start-up, leveraged this tech revolution to become a global brand. Read on.
Brief About nCircle Tech
Founded by visionary entrepreneurs Varun Bhartiya and Tarika Jain in 2012, nCircle Tech quickly gained momentum through its innovative and service-centric approach. Since its inception, the company has been committed to delivering tech-first solutions in transforming workflow in the AEC operations.
nCircle Tech leveraged extensive ten-year expertise in delivering high-quality software solutions for 2D/3D applications. It combines CAD-BIM customization with advanced technologies like AI/ML (Artificial Intelligence/Machine Learning) and VR/AR (Virtual Reality/Augmented Reality) to empower clients, accelerate time to market, and accomplish their business objectives.
nCircle Tech also offers a wide range of services, including facility management, project coordination, BIM services, product configurator, and project monitoring.
Digital Drive: The Need of the Hour
According to joint research conducted by Autodesk and Deloitte, nearly 66% of businesses experienced significant improvements in their performance as a result of digital technology. This paradigm shift in digitalization presents both challenges and opportunities for companies operating in the AEC space.
CEOs are bound to find opportunities amidst digital disruption, the economy, and geopolitical uncertainties. In a discussion with analysts, Morgan Stanley CEO James Gorman highlighted the increasing investment in technology. He emphasized, “Tech spend is going up…but that’s good because it’s displacing things we would otherwise be doing manually, which we shouldn’t be doing manually.”
A Unique Blend of Offerings
nCircle Tech’s success attributes to a unique blend of services that cater to the post-COVID challenges and digital backlogs in the AEC market. When the industry was shy of digitalization, nCircle Tech pioneered it!
Pioneers of Automation
According to a recent report, the global industrial automation market expects to reach a size of USD 441.7 billion by 2030, with a compound annual growth rate (CAGR) of 8.84%. Despite the fast-growing digitalization, the AEC market is still slow-paced.
However, nCircle Tech led automation in AEC markets through CAD (Computer-Aided Design) and BIM (Building Information Modeling) customization to streamline workflows and achieve greater efficiency and accuracy.
Upfront in AI/ML Implementations
The AI market in construction expects to grow at 20% CAGR from 2023 to 2032. Embracing AI’s potential in BIM will significantly enhance automation and data-driven decision-making, revolutionizing the industry and improving project outcomes.
Advanced AR/VR Applications
AR/VR technologies can significantly reduce building costs by up to 90% and save the sector approximately $15.8 billion by preventing errors resulting from inadequate or inaccurate data. It also provides deeper insights to enhance workflow and avoid execution concerns.
By leveraging AR/VR technologies, nCircle Tech helps clients visualize their projects in real-time, identify potential issues, and make informed decisions, to avoid cost and time overruns.
Industry Leadership and Global Expansion
nCircle Tech’s robust blend of offerings and commitment to innovation earns remarkable global impacts, gaining a broader audience base and clientele. The
“Our success reflects the trust and satisfaction we’ve earned over the past decade. These expansions propel us to achieve remarkable milestones and unlock boundless possibilities furthermore down the lane!” – said Varun Bhartiya, CEO and founder of nCircle Tech. His tireless commitment gained him recognition as one of the top entrepreneurs included in Times 40 under 40.
The company is now focused on expanding its footprint in Japan, the UK, and Canada. This strategic move allows nCircle Tech to tap into new markets and collaborate with international clients, bringing its transformative solutions to global clients at local levels.
“When AEC leaders were busy pushing towards the West as their target for BIM and Tech-led solutions. I was striving to penetrate the eastern market like Japan, to carve out a niche. And yes it was considered a closed economy, resistant to new entrants but not for unconventional ideas. I knew at nCircle Tech, we had that!” said Tarika Jain, co-founder of nCircle Tech as she emphasized their strategic global expansion.
nCircle Tech Pioneering the Future of the AEC Market
nCircle Tech emerges as a prominent player in the AEC market, thanks to its unique blend of offerings, service-centric approach, and commitment to innovation and sustainability. Its expanding global footprint underscores the company’s ambition to become a truly global industry leader.
As nCircle Tech continues to revolutionize the AEC industry and transform the way professionals operate, its impact will undoubtedly solidify its position as a trailblazer in the world of technology and construction. For more details about this tech-leading company visit: https://ncircletech.com/
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