Building information modeling (BIM) refers to a parameter-based 3D model which can be used to generate design and plan out the entire lifecycle of a construction project. Numerous aspects associated with a construction project including architecture, planning, schedule, and cost estimation, among others can be completely covered under a single 3D model with the use of BIM software. Thereby, a model created using BIM software essentially works as a shared resource for information between various stakeholders in construction activities. The BIM software has been widely adopted in order to avoid general issues during construction activities and reduce resource wastage. Numerous issues such as miscommunication, lack of coordination, and delayed turnover between parties can be effectively addressed with the introduction of BIM software. Thereby, BIM software has been widely used by various architects, engineers, contractors, and developers, among others across the world. Some of the key applications of BIM include planning and designing for architecture; sustainability; structures; mechanical, electrical, and plumbing (MEP); construction, and facility management.
The BIM software can be deployed in either on-premise or cloud-based model depending on the usage and preference of the end-user. In addition, end-users can employ various professional consultation service providers to design and maintain BIM-based 3D models. On account of the wide array of deployment models, BIM has been witnessing increasing adoption in various end-use segments. Construction companies have been making use of BIM software for various projects including water and wastewater; roads, bridges, and highways; rail, transit, and aviation; residential; commercial, and industrial. With numerous benefits such as effective planning and efficient execution of construction activities, the building information modeling (BIM) market is expected to witness significant growth during the forecast period.
The report titled “GlobalBuilding Information Modeling (BIM) Market- Growth, Future Prospects, and Competitive Analysis, 2023 – 2030” offers strategic insights into the global building information modeling (BIM)market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on solution, application, end-use, and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities. In addition, the report covers a section providing government initiatives and norms across the world mandating the use of BIM software for construction activities.
In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of building information modeling (BIM), market positioning, and key developments. Some of the major players profiled in the report are Autodesk, Inc., Bentley Systems, Inc., DassaultSystèmes SA, AECOM, Tekla Corporation, Nemetschek SE, Trimble Navigation Limited, Intergraph Corporation, ASSA ABLOY Group, 4M Building Solutions, and CYPE Ingenieros, S.A.
Other in-depth analysis provided in the report includes:
The global building information modeling (BIM) market based on solution:
On the basis of the solution, the global building information modeling (BIM) market was led by the software segment in 2021. The BIM software can be deployed either as an on-premise or a cloud-based solution. Depending on the scalability and usability desired, end-users can opt for any one of the two models to ensure optimum availability and control. Currently, the on-premise deployments led to the overall market in terms of adoption. The professional and consultancy services segment encompasses various software installation, maintenance, and training services associated with the use of BIM solutions. In addition, it also includes various BIM services provided directly to the end-users.
In 2021, North America held the largest share in the overall building information modeling (BIM) market accounting for over one-third of the global marketin terms of revenue. Factors such as higher adoption of IT systems and the presence of some of the most prominent providers of BIM solutions have resulted in higher adoption in the North America region.
Europe and the Asia Pacific followed the North America region in the global building information modeling (BIM) market in terms of revenue in 2021. Factors such as favorable government initiatives in European countries such as the UK, Norway, Finland, and Denmark, among others are expected to further drive the demand for BIM solutions in the European region. Similarly, continued adoption of BIM solutions in countries including Australia, Singapore, China, Japan, and India would lead to sustainable growth in the building information modeling (BIM) market in the Asia Pacific region.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Building Information Modeling (BIM) market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
Segmentation | |
Solution
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Application
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End-use
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report