DOYLESTOWN, PA (July 24, 2024) – Quire, the pioneer in cloud-based Technical Report Management™ (TRM™), released its latest MarketWatch report, unveiling considerable growth in technical report deliverables across the architecture, engineering, and construction (AEC), Environmental Consulting, and Commercial Real Estate sectors. The comprehensive analysis of industry report writing activity, efficiency metrics, and trends demonstrates that customers are significantly outpacing earlier growth projections.
“The growth in technical report activity by our customers has been substantial. Quire’s TRM solution has become a real advantage to customers considering the challenges they are currently facing,” notes Chris Connell, CEO of Quire. “Demand for deliverables is high and project backlogs are at record levels partly due to increased investment in private and public infrastructure. At the same time, talent is scarce and labor costs are increasing – a perfect storm of obstacles for firms looking to grow profitably. TRM is helping customers take advantage of the high-demand environment while providing the efficiencies required to overcome these challenges.“
Among the diverse types of technical reports generated, the geotechnical report category saw particularly explosive growth:
Quire’s 2024 annual survey revealed two-thirds of customers anticipated growth of 10% or more. However, the TRM platform shows that activity growth surpassed client expectations across most firm sizes:
The analysis also highlights notable growth in contractor engagement. Contractors are essential partners for many customers in creating technical reports, providing geographic reach as well as additional capabilities to meet increasing demand. In the first half of 2024, contractor report volumes grew by 70%, and the average number of reports per contractor rose by more than 59%.
“This data underscores the importance of Technical Report Management and the benefits firms can realize by applying best-in-class tools to the deliverable process,” Connell adds. “The dramatic growth in report generation, coupled with improved efficiency, has far-reaching consequences for our customers. Firms can increase their capacity and take on more projects without increasing costs. Companies leveraging TRM are gaining an advantage by delivering higher volumes of quality reports faster than their competitors.”
Quire’s MarketWatch research analyzed customer activity for the first half of 2024 and is based on data from over 100 direct customers, thousands of contractors, and more than 1,000,000 technical reports generated through its TRM platform, spanning the AEC, Environmental Consulting, and Commercial Real Estate industries. For the complete analysis, visit https://openquire.com/customer-activity-review-q2-2024/.
Quire is the leader in Technical Report Management (TRM) for project-driven companies in the AEC, Commercial Real Estate, and Environmental Consulting industries. Trusted by thousands of consultants, Quire’s intuitive SaaS platform streamlines technical report and commercial proposal creation, ensuring consistent, high-quality deliverables. Since 2010, Quire has enabled the delivery of over one million technical reports, impacting more than $1.5 billion in deliverable related revenue.