Global Building Information Modeling Market Size is estimated to expand rapidly in coming years, at a CAGR of 12.7 % from 2018 to 2025. In 2017, the global market valuation was USD 5.2 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Building information models (BIMs) are files that can be extracted, exchanged or networked to support building decision-making. Current BIM software is used to design, design, build, and maintain physical infrastructure such as water, waste, power, gas and communications, roads, ports, tunnels, etc. Current BIM software is designed by private individuals, businesses, construction agencies or governments.
Building information modeling is used for the design and management of projects throughout the life cycle of the construction industry. The overall value chain of the construction information market is interlinked closely with the traditional construction processes. Over the last few years, they have expanded quickly and have become a strong, connected chain. Due to the use of building information modeling in various verticals, several new product developments and software models have been demonstrated. In commercial construction such as retail and office buildings, the Building Information Modeling market is driven. The use of information modeling in construction for efficient power and the improvement in the design of electrical systems for cost reduction, decreased waste and improved general retrofitting have led to the high use of electricity in commercial buildings and increased energy costs.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global building information modeling market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global building information modeling market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Type Insights: On the basis of type, the global building information modeling market has been segmented into software, services. Several players offer software and services-based BIM. The BIM software has features such as application interoperability, easy visualization, and efficiency. The Software usually includes solutions for architecture, sustainable development, structures, the MEP, building and facilities management objectives. The segment of software holds the largest share of the BIM market per type and is mainly dominated by construction and architecture software.
By Project Lifecycle Insights: On the basis of the project lifecycle, global building information modeling market has been segmented into preconstruction, construction, operations. From the pre-construction to the operation stage, BIM is a complete process. The first phase is the pre-construction. This phase consists of the design, visualization, planning, cost planning, design, analysis, detailing, coordination and specification of systems. During this phase, owners, contractor, architects and engineers can easily visualize the entire project because the most information about the project planning and implementation is given. The pre-construction phase consists in particular in the development of BIM models, collision detection, BIM coordination and 2D drawings extraction.
The building information modeling market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
APAC is the fastest growing and emerging BIM market. China, Japan, India and South Korea are the countries in this region where BIM systems have a considerable market. APAC is expected to be the largest emerging market in the world, accounting for a significant number of global construction projects. Countries like Japan, South Korea, Australia, and Singapore have taken on certain mandates for BIM adoption and in the coming years BIM is expected to take on board countries such as China and India. Governments have begun to impose regulations on building permits. Japan, China, South Korea, Australia and Singapore, together with the green certification documents, have already made BIM documents compulsory, especially for public buildings.
Global Building Information Modeling Market Size, Share Analysis by Region 2018
Global Building Information Modeling Market Study Objective
1. To forecast the market size of building information modeling market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of building information modeling market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of building information modeling market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of building information modeling market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
6. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
7. To provide a detailed analysis of competitive and strategic developments in the building information modeling market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Autodesk; Nemetschek; Bentley Systems; Trimble; Dassault Systèmes; RIB; Asite; AVEVA; Hexagon; Archidata; Pöyry; Beck Technology; Computers and Structures; Robert McNeel & Associates are some of the key players in the market of building information modeling. In order for companies to become marketplaces, they are undertaking strategic initiatives in both developed and developing countries, such as fusions and acquisitions, new product development and risk capital investments. Industries invest in technological solutions to improve distribution, front end sales and service to customers.
Global Building Information Modeling Market Study Report Offer You!
The global building information modeling market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
Save Your Time
Wide Range of Reports
World Class Market Research
100% Customer Satisfaction
24/7 Customer care Support
Let's Talk Online