Building Information Modeling (BIM) is an intelligent 3D model-based process, which provides construction professionals, architecture, and engineers to efficiently design, manage, construct and plan the infrastructure of the buildings. BIM software is popular among end users as it provides lucrative advantages such as increased return on investments (ROIs) and time and money saving. Furthermore, rapidly increasing number of construction projects globally and rise indemand for automated models in the architecture, engineering, and construction (AEC) industry are the major factors driving the growth of the market. Moreover, government mandates regarding the use of BIM in building constructions are expected to boost its adoption worldwide.
Enhanced data communication and coordination among various stakeholders, coupled with improved construction productivity provides a leading edge to BIM users. In addition, rising government mandates for BIM usage across the globe and rowing construction industry fuels the growth of the market. However, high cost of the software and limitation of the trained professionals hampers the growth of the market. Furthermore, Technological advancements to manage data at remote servers and improvised inter-coordination between users using cloud-based solutions are expected to provide lucrative opportunities for the growth of the market.
The global building information modeling market is segmented on the basis of component, deployment model, application, end user, and region. In terms of component, it is bifurcated into solution and services. Based on deployment model, it is segmented into on-premise and cloud. In terms of application, it is segmented into commercial, residential and industrial. As per end user, it is divided into architects/engineers, contractors, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the building information modeling market analysis are Autodesk, Inc., Asite Solution, Beck Technology Ltd, Bentley Systems, Incorporated, Cadsoft Corporation, Dassault Systèmes, Hexagon AB, Nemetschek SE, Pentagon Solution Ltd, and Trimble Ltd. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the global building information modelingmarket forecast along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the global building information modelingmarket size is provided in the report.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market for the period 2019-2027 is provided to determine the market potential.
Key Market Segments
By Component
- Solution
- Service
By Deployment Model
- On-Premise
- Cloud
By Application
- Commercial
- Residential
- Industrial
By End User
- Architects/Engineers
- Contractors
- Others
By Region
- North America
o U.S.
o Canada
- Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
- Asia-Pacific
o China
o India
o Japan
o Singapore
o Rest of Asia-Pacific
- LAMEA
o Latin America
o Middle East
o Africa
KEY MARKET PLAYERS
- ABB Ltd
- Autodesk, Inc.
- Asite Solution
- Beck Technology Ltd
- Bentley Systems, Incorporated
- Cadsoft Corporation
- Dassault Systèmes
- Hexagon AB
- Nemetschek SE
- Pentagon Solution Ltd
- Trimble Ltd