Building Information Modeling (BIM) is a digital representation of a construction project that can be used by architects, engineers and other construction professionals. It helps in planning, designing, constructing, operating and maintaining this complex asset plus it allows for speedy data exchanges among the involved parties. Nowadays this series of software tools are becoming exceptionally popular among end users owing to their lucrative advantages: such as increased return on investments (ROIs) as well as time and money benefits. With the rapidly increasing number of construction projects globally, rising awareness of BIM and associated benefits, and the growing demand for automated models in the architecture, engineering and construction (AEC) industry, these have facilitated BIM adoption in construction industry of late. Especially for commercial and infrastructure projects. Moreover, government mandates regarding the usage of BIM in certain situations further boost BIM adoption worldwide.
It can be said that enhanced data communication and coordination among various stakeholders, coupled with improved construction productivity provides a leading edge to the BIM users. However, high costs of software and a limited number of trained professionals are hindering the market growth to an extent. However technological advancements to manage data and improve user inter-coordination via cloud based solutions have created ample opportunity for market growth. Recently launched mobile applications by market leaders such as Autodesk, Inc. and Bentley Systems, Inc., to provide better access to their services have been widely accepted among customers, owing to their superior advantages over traditional CAD software. BIM also encourages the development of green buildings through energy simulation and prefabrication techniques with effective data exchanges during the development of a project, thereby propelling the market growth further.
The world BIM market is segmented at present. Based on solution, software deployment type, end user, vertical and geography. BIM has been increasingly adopted across different verticals encompassing commercial, residential, institutional, industrial and infrastructure however. The adoption rate among commercial and infrastructure is growing rapidly owing to mandates in accordance with government regulations. BIM software models are either delivered through the cloud or on the premises of the customers. However cloud-based solutions are gaining increased popularity among customers due to cost effectiveness and easy access over an on-premise model.
Geographically, the BIM market is segmented into North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA). Asia-Pacific is seen as the fastest growing region owing to the high adoption of BIM in countries such as China, India and Japan. The key players profiled in the report include Beck Technology, Ltd., Autodesk, Inc., Dassault Systemes SA, Trimble Navigation Ltd., Synchro Software Ltd., Pentagon Solutions Ltd., Bentley Systems, Inc., AECOM, Nemetschek AG. and Asite Solutions Limited and Key Benefits from the in depth report are listed below.
- The study provides an in-depth analysis of the BIM market with current and future trends to elucidate the imminent investment pockets in the market.
- The report provides information regarding key drivers, restraints and opportunities with their impact analysis.
- Porter’s five forces and SWOT analyses of key market players in the industry have been provided to highlight the growth strategies adopted by them.
- The value chain analysis of the industry signifies the key intermediaries involved and elaborates their roles and value additions at every stage in the value chain.
- The quantitative analysis of the market during the period of 2015–2022 has been provided to elaborate the market potential.
BUILDING INFORMATION MODELING (BIM) MARKET BY SEGMENTS:
The BIM market is segmented based on solution, software deployment type, end user, vertical and geography.
Market by Solution
Software Market by Deployment Type
- On premise
by End User
- North America
- Latin America, Middle East and Africa (LAMEA)
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