Building Information Modelling (BIM) Market Analysis
According to the report projected by MRFR or Market Research Future, in the course of the assessment period from 2020 to 2030, 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 BIM Market Size would achieve a size of 18.42 Billion USD according to MRFR’s current report.
Various factors are propelling the building information modeling market share. According to the recent MRFR report, such factors include the demand for building information modeling 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.
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 building information modeling market growth over the forecast period.
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Key contenders profiled in the global BIM market report include –
- Archidata Inc
- RIB Software SE
- Bentley Systems
- Trimble Inc
- Asite Limited
- Nemetschek SE
- Hexagon AB
- Aveva Group Plc
- Dassault Systèmes
- Autodesk Inc.
The Building Information Modeling Industry is being increasingly utilized in all the infrastructural projects related to its benefits in speeding up and planning the construction procedures. The construction companies experience a deadline and the governments are taking initiatives in this field. Therefore, these two factors can enhance the rise of Building Information Modeling Market Share.
Building Information Modelling (BIM) Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the building information modeling 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
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
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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
Building Information Modelling (BIM) Market Regional Analysis
Based on the region, the global building information modeling 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 modeling market growth in the region.
The building information modeling 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 modeling market in the region.
The building information modeling market in the LAMEA is predicted to have sound growth over the forecast period.
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Table Of Content
1 Executive Summary
2 Market Introduction
2.1 Definition 15
2.2 Scope Of The Study 15
2.3 List Of Assumptions 16
2.4 Market Structure 16
2.5 Key Takeaways 17
2.6 Top-Vendor Offerings 17
3 Market Insights
4 Research Methodology
4.1 Research Process 22
4.2 Primary Research 23
4.3 Secondary Research 24
4.4 Market Size Estimation 24
4.5 Forecast Model 25
5 Market Dynamics
Continued...
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