Building Information Modelling 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. Building information Modelling or BIM is a form of software that is used by AEC professionals, construction firms, and real estate companies for effective project life cycle management.
The BIM Market research report provides details about market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, growth factors, drivers, restraints, expert review with forecast details.
Various factors are propelling the global building information Modelling market share. According to the recent MRFR report, such factors include the demand for building information Modelling 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.
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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 global building information Modelling market growth over the forecast period.
Building Information Modelling (BIM) Market COVID-19 Analysis
The pandemic scenario has disturbed the supply chain of various raw equipment and materials. It has also hugely impacted the expansion plans of the Building Information Modeling Market Size. Because of the scarcity of equipment and skilled labor, the pandemic has further resulted in the deterioration of the demand for this market.
Building Information Modelling Market Key Players
- Archidata Inc
- RIB Software SE
- Bentley Systems
- Trimble Inc
- Asite Limited
- Nemetschek SE
- Hexagon AB
- Aveva Group Plc
- Dassault Systèmes
- Autodesk Inc
Building Information Modelling Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global building information Modelling 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
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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
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
By Region
Depending on the region, the BIM market can be segmented as
- The Asia Pacific
- North America
- Africa and The Middle East
- Europe
- South America
Regional Analysis
Based on the region, the global building information Modelling 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 Modelling market growth in the region.
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The building information Modelling 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 Modelling market growth in the region.
The building information Modelling 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 Modelling market in the region.
The building information Modelling market in the LAMEA is predicted to have sound growth over the forecast period.
Key questions answered in the report include
- Which are the five top players of the Building Information Modelling (BIM) market?
- How will the Building Information Modelling (BIM) market change in the next five years?
- What will be the market size and the growth rate by the end of the forecast period??
- What are the drivers and restraints of the Building Information Modelling (BIM) market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the Building Information Modelling (BIM) market throughout the forecast period?
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