The global building information modeling market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are increasing population and rapid urbanization in nations across the world. In addition, technological advancements that facilitate information management over cloud computers and inter-user coordination are other key factors expected to drive demand for building information modeling software, and support market revenue growth.
Building information modeling (BIM) is a method for creating and managing information about a construction project across its entire lifecycle. Using a set of relevant technologies, a coordinated digital description of every feature of the produced asset is created as part of this procedure. Architects, engineers, and contractors can leverage BIM to design a facility and simulate construction using 3D modeling principles, information database technologies, and interoperable applications in a desktop computer environment. This technology enables project team members to create a 3D virtual model of the structure and all of its systems and communicate that information with one another. Building information modeling not only allows design and construction teams to operate more efficiently but also enables them to capture data produced during the process to be used in operation and maintenance events.
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Revenue growth of the global building information modeling market is significantly driven by the cooperation allowed by BIM which is impossible to achieve with traditional 2D drawings. Cooperation between diverse engineering specialties can be easily accomplished by using cloud-based solutions, regardless of the distance. BIM design prototyping can assist in ramping up the approval process by demonstrating how an asset will appear and function.
Competitive Landscape:
- Autodesk Inc.
- Dassault Systèmes SA
- Bentley Systems Inc.
- Nemetschek AG
- Beck Technology Ltd.
- AVEVA Group Plc.
- Hexagon AB
- Pentagon Solutions Ltd.
- Trimble Ltd.
- Synchro Software Ltd.
- Pinnacle Infotech
- Planon Group
- LOD Planner Inc.
- ACCA software
- Vectorworks, Inc.
- Revit Modeling India
- Robert Mcneel Associates
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The global market is further segmented into type and application:
Application Outlook (Revenue, USD Billion; 2018-2028)
- Planning Modelling
- Construction Design
- Asset Management
- Building System Analysis Maintenance Scheduling
- Others
End-User Outlook (Revenue, USD Billion; 2018-2028)
- Architects/Engineers
- Contractors
- Consultants Facility Managers
- Others
Industry Outlook (Revenue, USD Billion; 2018-2028)
- Entertainment
- Commercial
- Industrial
- Healthcare
- Sports
- Residential
- Others
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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