Global Building Information Modeling Market Size, Share, Growth Analysis, By Component(Software and services), By Application(Commercial, residential)

Description

Global Building Information Modeling Market size was valued at USD 5.95 billion in 2021 and is poised to grow from USD 6.71 billion in 2022 to USD 17.59 billion by 2030, at a CAGR of 12.8% during the forecast period (2023-2030).

The Global Building Information Modeling (BIM) Market is a rapidly growing sector that utilizes digital tools to create, manage, and share construction project data. BIM enhances collaboration among stakeholders, improves project efficiency, and reduces errors. The market is driven by increased construction activities, demand for cost-effective solutions, and government initiatives promoting BIM adoption. Key players offer software solutions for 3D modeling, clash detection, and data management. As the construction industry continues to evolve, the BIM market is expected to expand, transforming how buildings are designed, constructed, and operated. \

Top-down and bottom-up approaches were used to estimate and validate the size of building information modeling and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Drivers

By the rising emphasis on sustainable approaches within the construction sector, there is a notable surge in the requirement for BIM software. This software facilitates designers and engineers in enhancing building efficiency, curbing energy usage, lowering carbon footprints, and attaining green building credentials. A case in point is the Sydney Opera House architects who employed BIM software to devise a more energy-frugal HVAC system, resulting in a 10% reduction in energy consumption. This trend reflects a growing drive towards ecologically responsible construction practices.

Restraints

Incorporating BIM software necessitates notable expenditures on hardware, software, and training. This can pose a hurdle, particularly for small and medium-sized enterprises (SMEs) and construction companies operating with constrained financial resources.

Market Trends

Integration of cloud-based BIM solutions is gaining momentum due to their advantageous features including remote accessibility, collaborative capabilities, and scalability. An instance of this trend is seen in Autodesk's BIM 360 platform, which operates in the cloud and empowers project groups to engage in live collaboration, subsequently mitigating the potential for mistakes and project disruptions.

Product Code: SQMIG45E2106

Executive Summary

Market Overview
Wheel of Fortune
Research Methodology
Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Key Market Insights
Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition
Market Dynamics & Outlook
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Regulatory Landscape
Porters Analysis
Competitive rivalry
Threat of Substitute Products
Bargaining Power of Buyers
Threat of New Entrants
Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
Political Impact
Economic Impact
Social Impact
Technical Impact
Environmental Impact
Legal Impact
Global Building Information Modeling Market by Component
Market Overview
Software and services

Global Building Information Modeling Market by Application

Market Overview
Commercial
residential
institutional
and industrial
Global Building Information Modeling Market Size by Region
Market Overview
North America
USA
Canada
Europe
Germany
Spain
France
UK
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC Countries
South Africa
Rest of MEA
Competitive Landscape
Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
By Development
By Company
By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021
Key Company Profiles
Autodesk, Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Bentley Systems, Incorporated (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Trimble Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Nemetschek SE (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Dassault Systemes SE (France)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hexagon AB (Sweden)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Asite Limited (UK)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Aveva Group plc (UK)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Archidata Inc. (Canada)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
RIB Software SE (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Beck Technology Ltd. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Graphisoft SE (Hungary)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Vectorworks, Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Procore Technologies, Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Newforma, LLC (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
PlanGrid, Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Accruent, LLC (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
PlanRadar GmbH (Austria)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Bluebeam, Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
ConstructConnect (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments

Global Building Information Modeling Market Size, Share, Growth Analysis, By Component(Software and services), By Application(Commercial, residential) - Industry Forecast 2023-2030