Building Information Modelling (BIM) Market Analysis
The Building Information Modeling Market Size is assumed to expand at a rate not less than 13.63% Compound Annual Growth Rate or CAGR. Moreover, by 2030, the Building Information Modeling Market Size would achieve a size of 18.42 Billion USD according to MRFR’s current report. The market research provides data on market shares, market tactics, growth factors, and the impact of the Post -COVID-19 on both small and large business sectors. Key success factors, key success details, distribution channels, SWOT analysis, review and BIM Market Forecast.
Various factors are propelling the building information modeling market share. According to the recent MRFR report, such factors include the demand for building information modeling in the construction industry, an increasing number of infrastructure projects, rising urbanization, growing awareness about the benefits of BIM for the AEC industry, and rising mandates by the government to adopt BIM. Additional factors adding market growth include the developing economies, growing need for infrastructure and housing development, and growing worldwide population.
On the contrary, lack of construction safety equipment, scarcity of skilled labor, and shortage of parts, construction equipment, and materials due to the COVID-19 outbreak may impede the building information modeling market growth over the forecast period.
Building Information Modelling (BIM) Market Drivers
The Building Information Modeling Industry is in effect progressively used in all the infrastructural projects connected with its advantages in accelerating and arranging the development techniques. The development organizations experience a cutoff time and the states are taking drives in this field. Accordingly, these two elements can upgrade the ascent of Building Information Modeling Market Share.
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Building Information Modelling (BIM) Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the building information modeling market based on the project lifecycle, product, industry, and end user.
By Project Life cycle:
Depending on Project Lifecycle, the BIM market can be segmented as:
- Operation
- Pre-construction
- Construction
By Industry:
According to the Building Information Modeling Market Analysis, depending on the industry, the worldwide BIM market can be segmented into:
- Entertainment
- Commercial
- Industrial
- Oil and Gas industries
- Healthcare
- Sports
- Residential
- Others
By Product:
Depending on the Product, the BIM market can be segmented as:
- BIM Training Services
- BIM Software
- Project Management
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By end-users:
According to the Building Information Modeling Market Analysis, depending on the end-users, the worldwide BIM market can be segmented into:
- Engineers
- Architect
- Government
Building Information Modelling (BIM) Market Regional Analysis
Based on the region, the global building information modeling market report covers the recent trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, Latin America, & the Middle East and Africa. Of these, North America will lead the market over the forecast period. It is likely to touch USD 1350 million at an 11.2% CAGR by 2023. The growing adoption of cloud-based engineering software, coupled with a huge number of headquarters, companies, architects, construction companies, and consultants employed, are adding to the global building information modeling market growth in the region.
The building information modeling market in Europe is predicted to hold the second-largest share over the forecast period. It is likely to touch USD 1180 million at a 17% CAGR by 2023. Increased infrastructural development and high disposable income are adding to the global building information modeling market growth in the region.
The building information modeling market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing smart cities, coupled with the rise in construction activities across Singapore, China, and Japan is adding to the global building information modeling market in the region.
The building information modeling market in the LAMEA is predicted to have sound growth over the forecast period.
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Building Information Modelling (BIM) Market Key Players
Key contenders profiled in the global BIM market report include -
- Archidata Inc
- RIB Software SE
- Bentley Systems
- Trimble Inc
- Asite Limited
- Nemetschek SE
- Hexagon AB
- Aveva Group Plc
- Dassault Systèmes
- Autodesk Inc.
The study objectives of this report are:
To analyze global Building Information Modelling (BIM) Extraction Software status, future forecast, growth opportunity, key market and key players.
To present the Building Information Modelling (BIM) Extraction Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
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