Market Research Future (MRFR) has published a cooked research report on the “Building Information Modelling (BIM) Market” that contains information from 2018 to 2030. The Building Information Modelling (BIM) Market is estimated to register a CAGR of 14.3% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Building Information Modelling (BIM) Market — Autodesk Inc., Hexagon AB, Trimble Inc., Dassault Systemes SA, Nemetschek SE, Bentley Systems, Aveva Group PLC, Rib Software SE, Archidata Inc., Asite., Procore Technologies, Inc., Arcadiasoft, Acca Software, Beck Technology Ltd, and Others.
Building Information Modelling (BIM) Market Overview
The global Building Information Modelling (BIM) Market is accounted to register a CAGR of 14.3% during the forecast period and is estimated to reach USD 29.6 billion by 2032.
Building Information Modeling (BIM) refers to a digital representation of the physical and functional characteristics of a building or infrastructure. BIM encompasses not only the geometry and spatial relationships of the components but also their attributes and other relevant information. BIM technology is widely used in the architecture, engineering, and construction (AEC) industry to enhance collaboration, streamline project management, and improve overall efficiency.
Segment Analysis
The global Building Information Modelling (BIM) Market has been segmented based on Component, Project Lifecycle, and Deployment Model.
Based on component, the BIM market has been segmented into BIM software and BIM services. BIM software holds the largest market share in the market. A BIM software is a 3D design and modeling software that helps the user to optimize the work of designing for construction, civil, architecture, plant, and MEP projects. The BIM software is further segmented into construction management, designing software, cost estimation & scheduling, operation and maintenance, and others. BIM services is further segmented into professional services and managed services. This is a method of approaching documentation and design for a wide range of projects.
Based on project lifecycle, the BIM market has been segmented into pre-construction, construction, and operation. Pre-construction segment is expected to hold a largest market share in the market. However, operation segment is expected to grow at a highest CAGR. The pre-construction segment is further segmented into conceptual stage, design stage, and pre-construction stage (Bidding & Selection of GC).
Based on deployment model, the BIM market has been segmented into on-premise and on-cloud. On-premise holds a largest market share in the market and is expected to grow at a highest CAGR.
Regional Analysis
The global Building Information Modelling (BIM) Market, based on region, has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America. Mandatory regulations imposed by the governments in the region to use BIM software for construction projects, especially projects related to public infrastructure, primarily boosted the market in North America. The presence of key players such as Autodesk, Trimble, Bentley systems and high focus on building advanced infrastructure facilities in the region are also expected to drive the BIM market in the coming years.
Europe accounts for the second-largest market share in the BIM market due to the growing construction sector and high demand for these software solutions by contractors, architects, and building owners in the region. The growing urbanization, including smart cities and green building concepts, is expected to fuel the market growth further. Moreover, most of the governments in the European countries have mandated the use of BIM for public projects, fueling the adoption of BIM software tools.
Asia-Pacific is expected to be a lucrative market in the BIM market due to a high focus on digitalization, increasing investments by government and real-estate sectors in the development of advanced infrastructure for residential, industrial, as well as commercial sectors, and increasing adoption of cloud platforms in the region. Also, the increasing adoption rate of technologies such as artificial intelligence, IoT, cloud computing, augmented reality, and virtual reality is expected to positively impact the BIM market in the coming years.
Key Findings of the Study
- The global Building Information Modelling (BIM) Market is expected to reach USD 29.6 billion by 2032, at a CAGR of 14.3% during the forecast period.
- Asia-Pacific is expected to be a lucrative market in the BIM market due to a high focus on digitalization, increasing investments by government and real-estate sectors in the development of advanced infrastructure for residential, industrial, as well as commercial sectors, and increasing adoption of cloud platforms in the region.
- Based on component, the BIM market has been segmented into BIM software and BIM services. BIM software holds the largest market share in the market. A BIM software is a 3D design and modeling software that helps the user to optimize the work of designing for construction, civil, architecture, plant, and MEP projects.
- Autodesk Inc., Hexagon AB, Trimble Inc., Dassault Systemes SA, Nemetschek SE, Bentley Systems, Aveva Group PLC, Rib Software SE, Archidata Inc., Asite., Procore Technologies, Inc., Arcadiasoft, Acca Software, Beck Technology Ltd, and Others.
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Companies Covered | 15 |
Pages | 110 |
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