Global Building Information Modelling Market – Industry Trends and Forecast to 2028

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Market Analysis and Insights : Global Building Information Modelling Market

The global building information modelling market will reach at an estimated value of 18,100.99 million and grow at a CAGR of 13.90% in the forecast period of 2021 to 2028. Rise in the rapid urbanization is an essential factor driving the smart lecture capture market

Building information modeling (BIM) is defined as a 3D visualization of building design that includes elevation, plan, and section of building. BIM is a prominent designing tool in the AEC industry, aiding in the analysis of the qualitative and quantitative aspects of the construction, such as cost estimation, time requirement, and component procurement. It also helps in undertaking operations related to the project post completion, which include maintenance issues and project lifecycle management.

Rise in the extensive benefits offered by BIM for AEC industry is a crucial factor accelerating the market growth, also increase in the strong government support by making BIM adoption mandatory, increase in the extensive benefits offered by BIM for AEC industry, increase in the productivity through interoperability and increase in the growth in construction industry are the major factors among others boosting the building information modelling market. Moreover, increase in the environmental and energy concerns and increase in the emergence of virtual reality (VR) and augmented reality (AR) technologies and its integration with BIM will further create new opportunities for building information modelling market in the forecast period mentioned above.

However, high implementation cost and lack of skilled workforce is the major factor among others restraining the market growth, while low level of digitization in construction industry will further challenge the building information modelling market in the forecast period mentioned above.

This building information modelling market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the building information modelling market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Building Information Modelling Market Scope and Market Size

The building information modelling market is segmented on the basis of component, deployment mode, project life cycle, building type, application and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of component, the building information modelling market is segmented into solution and services.
• Based on deployment mode, the building information modelling market is segmented into on-premise and cloud.
• Based on project life cycle, the building information modelling market is segmented into preconstruction, construction and operations.
• Based on building type, the building information modelling market is segmented into commercial, residential and industrial.
• Based on application, the building information modelling market is segmented into planning & modelling, construction & design, asset management, building system analysis & maintenance scheduling and others.
• The building information modelling market is also segmented on the basis of end-user into architects/engineers, contractors and others.

Building Information Modelling Market Scope Country Level Analysis

The building information modelling market is analysed and market size, volume information is provided by country, component, deployment mode, project life cycle, building type, application and end-user as referenced above.

The countries covered in the building information modelling market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the building information modelling market due to rise in the ongoing technological advancements in products offered by players operating, rise in the supportive government policies, increasing environment awareness, and growing real estate industry in this region. Asia-Pacific is the expected region in terms of growth in building information modelling market due to increase in the extensive benefits offered by BIM for AEC industry in this region.

The country section of the building information modelling market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Building Information Modelling Market Share Analysis

The building information modelling market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to building information modelling market.

The major players covered building information modelling market report are Autodesk Inc, Asite, Construction Estimating Software, BENTLEY SYSTEMS, INCORPORATED, Dassault Systèmes, HEXAGON, NEMETSCHEK SE, PENTAGON SOLUTIONS LTD. Privacy, Trimble Inc., Deutsche Bahn, Faithful+Gould and ABM Group among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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