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The surge in demand for green buildings, known for their environment-friendly and resource-efficient attributes, is reshaping the construction landscape. These structures minimize the negative impact on the environment by judiciously using natural and energy resources. Apart from their ecological benefits, green buildings prove to be economically sound, cutting utility costs and lowering overall construction expenses. This trend has gained significant traction in advanced economies like the US and certain European countries, showcasing a global shift towards sustainable construction practices.
Key to this transformation is the role played by Building Information Modeling (BIM) software tools, which have injected innovation into building structures. BIM's collaborative approach aligns seamlessly with sustainability goals, positively influencing manufacturing, residential, and commercial sectors by enhancing productivity. A noteworthy finding from MRFR analysis reveals that 40% of Green BIM practitioners employ BIM for approximately 60% of their projects, reaping substantial benefits in achieving green objectives. These practitioners emerge as intensive users of the software, employing it more frequently to create and analyze models compared to their non-green counterparts.
BIM serves as a powerful tool for developing and expanding digital models, impacting design, construction, and project workflow. Its transformative influence extends to communication, problem-solving capabilities, and the delivery of accurate results. As the demand for green buildings continues to rise, the BIM software market is poised for significant growth in the foreseeable future.
Driving the digitalization wave in the construction industry, BIM software addresses key factors such as information modeling, technological integration, a single source of truth, digital collaboration, future-proof designs, and construction. By designing a building digitally and capturing its information in a BIM model, stakeholders can seamlessly share data through the cloud, preventing failures in the actual construction process. This digital-first approach not only enhances efficiency but also tackles the challenge of low productivity in the sector.
The overarching goal of digitalization in construction is to boost productivity and efficiency. BIM offers cost-effective solutions with nominal capital investment, reducing time requirements, minimizing management costs, and controlling overall construction waste. Additionally, BIM empowers customers and clients by providing visual representations of the design, creating a comprehensive and transparent experience throughout the construction lifecycle. As the construction industry continues to embrace digitalization, BIM stands at the forefront, driving sustainable practices and reshaping the future of construction.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Increase in demand for green building |
| Market Dynamics | Growing number of government mandates for the adoption of BIM Growing digitalization in the construction industry |
BIM Software Market Highlights:
BIM Software Market Overview
The BIM Software Market size is projected to grow from USD 11.1 Billion in 2024 to USD 33.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.9% during the forecast period (2024 - 2032). Additionally, the market size for BIM Software was valued at USD 9.7 Billion in 2023.
Growing number of government mandates for the adoption Of BIM and growing digitalization in the construction industry is enhancing the adoption of BIM software results in driving the market growth.
Figure 1: BIM Software Market Size, 2022-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
BIM Software Trends
Growing Number of Government Mandates for The Adoption Of BIM
BIM is one of the greatest technological innovations in the construction industry. However, due to various barriers such as cost and technological limitations, implementation is lagging in several countries, requiring strong government support for the successful deployment and development of BIM software. Authorities in most countries across the globe are promoting the use of BIM for all construction projects. Governments of various countries are coming up with initiatives and BIM implementation strategies to increase the adoption of BIM in the architecture, engineering, and construction (AEC) industry. BIM and its implementation are becoming mandatory for all centrally procured private and public sector projects in several countries across the world.Furthermore, the use of BIM is altering the way buildings are designed and built. BIM is currently becoming the legal standard for most countries, and others are working toward using it. Such adoption of BIM and the growing number of government mandates are propelling the use of BIM software, which is driving the growth of the BIM software market.
BIM Software Market Covid Impact
The construction and engineering sectors have already been dealing with various challenges such as lack of capital and credit avenues leading to insolvencies, multiple frauds, and a regulatory burden under the Environment Laws and the Real Estate (Regulation and Development) Act, 2016. The COVID-19 pandemic has made this situation even worse. For example, governments have imposed partial and total lockdown. However, due to the restrictions put in place by the government, all the construction activities and most of the business activities across the country have been halted. Also, the lockdown has resulted in reverse migration and disruption of supply chains, which have caused delays and hindrances in meeting the obligations under the construction and engineering contracts. These are further expected to cause legal issues for the industry.
BIM Software Market Russia-Ukraine War Impact
Russia's invasion of Ukraine and the ongoing effects of the pandemic had a negative and unclear impact on the world economy. Many of the downside risks mentioned in April World Economic Outlook have started to manifest. The world's financial conditions have become more rigid due to higher-than-expected inflation, particularly in the United States and major European nations. With COVID-19 outbreaks and lockdowns, China's recession has been greater than expected, and the conflict in Ukraine has had further detrimental effects.
BIM Software Segment Insights
BIM Software Model Insights
The BIM software segmentation, based on software model, includes 3D, 4D, 5D, and others. In terms of BIM software model revenue, the 3D segment accounted for the largest market share in 2021. This is because the 3D representation model provides the key to supporting engineering and architecture components for decision making throughout the project life cycle. The 3D software model helps in the efficient and accurate capture of design in 3D, which accelerates its demand for building and construction projects.
Figure 2: BIM Software Market By Software Model, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
March 2022, Autodesk Inc. announced Bridge, a new collaboration capability that allows construction teams to communicate important data with project stakeholders regardless of whether they are on the same team or working on the same project within the Autodesk Construction Cloud. Bridge allows teams to share certain sheets, folders, and files with collaborators without having to share the entire project's data set, giving teams autonomy over their separate data sets.
November 2020: Autodesk Inc. has announced the integration of Bridgit Bench's workforce management capabilities with Autodesk Cloud Construction. BIM 360 and Building Connected Integrations are powered by the construction cloud. This interface is expected to reduce double input and discrepancy mistakes, as well as improve resource management in the cloud and BIM 360.
BIM Software Application Insights
The BIM software segmentation, based on application, includes buildings, public infrastructure, industrial, and others. The buildings segment dominated the market in 2021. This is due to the high adoption rate across the construction industry for the construction of commercial and residential buildings. With the increased adoption of this software, even SMEs are effectively gaining interest in BIM for residential design, proper strategic planning, and preparation.
Figure 3: BIM Software Market By Application, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
April 2020: A new BIM solution will be introduced by Nemetschek AG and Spacewell in conjunction with the Integrated Workplace Management System (IWMS) program. This is anticipated to assist the project team and owner in managing and operating buildings using digital BIM data, intelligence, and visualization.
March 2020: Trimble Inc. has released a new edition of its Tekla structural engineering, building information modeling, and steel fabrication management software. It promotes better collaboration, permits information to flow freely, and aids in creating, designing, and overseeing the operational lifecycle.
BIM Software End-User Insights
The BIM software data has been bifurcated into categories for architects, contractors, engineers, and others. The contractor segment dominated the market in 2021 and is projected to be the fastest-growing segment during the forecast period, 2022–2030. This helps in improving the productivity, efficiency, quality, and safety of the construction projects, which helps the contractors maintain a competitive advantage in the market.
Figure 4: BIM Software Market By End User, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Furthermore, this software helps in estimating the costs of building systems, materials, and equipment involved in the project, which helps in estimating the overall cost and bidding accurately.
March 2021, Bentley Systems Inc. has agreed to buy Seequent, a pioneer in 3D modeling software for geoscience and building information monitoring. A price of US$1.05 billion was agreed upon for the sale.
October 2019, Beck Technology Ltd collaborated with Procore Technologies, Inc., a construction management software vendor, to ensure a smooth workflow. This collaboration increases the builders' output.
BIM Software Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific Middle East & Africa, and South America. During the projected period, North America is expected to hold the largest market share for BIM Software. Government support for the adoption of BIM, high technical expertise, and increasing number of construction projects are some of the prime factors driving the market growth of BIM in this region.
Figure 5: BIM Software Market By Region, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
During the forecast period, Asia Pacific is predicted to be the fastest-growing region for the BIM Software market. The countries in this region are significantly adopting advanced technologies to improve the competitive edge of its design and construction industry.
The countries considered in the scope of BIM software market are US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.
BIM Software Key Market Players & Competitive Insights
The BIM software market consists of various and local providers that are continuously developing new solutions and systems based on BIM software for expansion to solidify their market position. The providers compete on the basis of cost, solutions, and services in the BIM software market. BIM software is used by architects and engineers across the construction industry. The BIM software is an intelligent 3D model-based process that offers an architecture, engineering, and construction (AEC) professional useful information and solutions for effective design, construction, planning, and management of buildings and infrastructure.
The companies are primarily focusing on partnership, acquisition, and product launch. Various key players in the market, such as Autodesk, Inc., Trimble, Inc., Dassault Systems SA, Siemens AG, Oracle Corporation, and others, are focusing on acquisitions and partnerships to strengthen their product portfolios and increase their presence in untapped markets.
Key Companies in the BIM Software includes
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Trimble Inc
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PKPM (Beijing Jianli Technology Co., Ltd)
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Integrated Environmental Solutions Limited (IES Ltd.)
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Glodon Company Limited
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Shanghai Luban Software Co., Ltd
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Beijing Hongye Tongxing Technology Co., Ltd
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Innovaya, LLC.
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Beck Technology Ltd
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Cadsoft Corporation
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Aveva Group Plc
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Rib Software SE
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Siemens AG
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Nemetschek SE
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Dassault Systems SA
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Oracle Corporation
BIM Software Industry Developments
March 2022, Autodesk Inc. announced Bridge, a new collaboration capability that allows construction teams to communicate important data with project stakeholders regardless of whether they are on the same team or building project within the Autodesk Construction Cloud. Bridge allows teams to share certain sheets, folders, and files with collaborators without having to share the entire project's data set, giving teams autonomy over their separate data sets.
November 2020 - Autodesk Inc. has announced the integration of Bridgit Bench's Workforce Management Capabilities with Autodesk Cloud Construction. BIM 360 and Building Connected Integrations are powered by the construction cloud. This interface is expected to reduce double input and discrepancy mistakes, as well as improve resource management cloud and BIM 360.
March 2021, Bentley Systems Inc. has agreed to buy Seequent, a pioneer in 3D modeling software for geoscience and building information monitoring. A price of US$1.05 billion was agreed upon for the sale.
October 2019, Beck Technology Ltd collaborated with Procore Technologies, Inc., a construction management software vendor, to ensure a smooth workflow. This collaboration increases the builders' output.
April 2020 - A new BIM solution introduced by Nemetschek AG and Spacewell in conjunction with the Integrated Workplace Management System (IWMS) program. This is anticipated to assist the project team and owner in managing and operating buildings using digital BIM data, intelligence, and visualization.
March 2020 - Trimble Inc. has released a new edition of its Tekla structural engineering, building information modeling, and steel fabrication management software. It promotes better collaboration, permits information to flow freely, and aids in creating, designing, and overseeing the operational lifecycle.
October 2019, Beck Technology Ltd collaborated with Procore Technologies, Inc., a construction management software vendor, to ensure a smooth workflow. As a result of this relationship, builders are more productive.
July 2019, Integrated Environmental Solutions Limited (IES Ltd) launched the latest version of its Virtual Environment software. The software was developed to simplify the approach and reduce simulation time for construction processes; it is also used for the development of building models.
BIM Software Model Segmentation
BIM Software Model Outlook
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3D
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4D
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5D
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Others
BIM Software Application
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Buildings
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Public Infrastructure
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Industrial
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Others
BIM Software End-User
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Architects
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Contractor
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Others
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Engineer
BIM Software Regional Outlook
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North America
- US
- Canada
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Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
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Rest of the World
- Middle East
- Africa
- Latin America
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