Building Information Modeling Global Market Report 2024

Description

Building Information Modeling Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on building information modeling market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for building information modeling? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The building information modeling market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Component: Software; Services
2) By Deployment Type: On Premises Deployment; Cloud Deployment
3) By Project Lifecycle: Preconstruction; Construction; Operation
4) By Application: Planning and Modelling; Construction And Design; Asset Management; Building System Analysis And Maintenance Scheduling; Other Applications
5) By End User: Architects/Engineers; Contractors; Other End Users
Companies Mentioned: Autodesk; The Nemetschek Group; Bentley Systems Incorporated; Trimble Navigation Limited; Pentagon Solutions
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Building Information Modelling (BIM) is a method for creating and managing data related to a construction project throughout its entire life cycle. It integrates data from various fields to generate detailed digital representations that can be actively managed in real-time within an open cloud environment.

The primary deployment types for Building Information Modelling solutions are on-premises deployment and cloud deployment. On-premises Building Information Modelling refers to deploying the software on the premises of the construction company. On-premise BIM software is installed at the project site to enhance data security for construction projects. The project lifecycle encompasses preconstruction, construction, and operation. Major components of Building Information Modelling include software and services, utilized in applications like planning and modeling, construction and design, asset management, building system analysis, maintenance scheduling, among others. It is employed by architects or engineers, contractors, and other stakeholders.

The building information modeling market research report is one of a series of new reports from The Business Research Company that provides building information modeling market statistics, including building information modeling industry global market size, regional shares, competitors with a building information modeling market share, detailed building information modeling market segments, market trends and opportunities, and any further data you may need to thrive in the building information modeling industry. This building information modeling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The building information modeling market size has grown rapidly in recent years. It will grow from $8.06 billion in 2023 to $9.43 billion in 2024 at a compound annual growth rate (CAGR) of 17.0%. The growth in the historic period can be attributed to the expansion of building lifecycle management, the establishment of industry standards and certifications, increased focus on efficiency and cost savings, government initiatives and mandates, and the emergence of 3D modeling technologies.

The building information modeling market size is expected to see rapid growth in the next few years. It will grow to $17.46 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to the rise in remote collaboration tools, an emphasis on building performance analysis, a focus on smart cities and urban development, growing demand for facility management integration, and advancements in 5D BIM. Major trends in the forecast period include the integration of artificial intelligence (AI) and machine learning, the rise of cloud-based BIM solutions, a focus on sustainable design and green building practices, and the expansion of virtual reality (VR) and augmented reality (AR) in BIM.

The modular construction market is expected to experience growth due to the rapid rise in construction activities. The construction industry, responsible for building, repairing, renovating, and maintaining infrastructure, has witnessed a surge in demand. Building Information Modeling (BIM) is becoming crucial in the construction sector, aiding in higher productivity and shorter project lifecycles through improved communication and coordination. According to a report by Oxford Economics, global construction output is anticipated to increase by 42% (USD 4.5 trillion) between 2020 and 2030, reaching USD 15.2 trillion. The rise in residential construction in the U.S. has contributed to increased demand for materials and labor. The construction industry's growth is expected to drive the adoption of modular construction methods.

Water shortages are expected to drive the growth of the Building Information Modeling (BIM) market. The demand for freshwater exceeds the available supply, leading to insufficient water resources globally. BIM plays a crucial role in water conservation efforts by optimizing the design and construction of water-efficient infrastructure. According to UNESCO, 26% of the global population (2 billion individuals) lacks access to clean drinking water, and 46% (3.6 billion people) lack access to adequately managed sanitation services. BIM can contribute to addressing and mitigating the impacts of water shortages by improving the efficiency of water infrastructure projects.

The rising trend of the Internet of Things (IoT) in construction is gaining popularity and impacting the Building Information Modeling (BIM) market. IoT applications in construction streamline ordering and modeling processes, reducing the time required for ordering materials. Companies in the BIM sector are incorporating BIM and IoT smart building technologies to enhance construction project management. For example, SIMLAB, a Poland-based technology company, has integrated BIM and IoT into Matterport Digital Twins, enabling stakeholders to track and view critical points during the architectural design stage and examine construction sites remotely.

Major companies in the building information modeling market are developing software solutions to address historical challenges in the construction industry. Autodesk Takeoff, launched by Autodesk Inc., is a software solution designed to empower estimators by facilitating 2D and 3D quantification workflows. The software enhances collaboration and accuracy in the estimation process, providing better visualization of project scope, real-time updates with cloud-based document management, and multi-user access to projects. Such software solutions contribute to the modernization and efficiency of construction practices.

Autodesk's acquisition of Graitec in March 2022 is a strategic move aimed at enhancing its services and strengthening its position in the Building Information Modeling (BIM) market. Graitec, being a France-based developer of BIM software, contributes valuable expertise and solutions to Autodesk, aligning with Autodesk's goal of expanding and improving its offerings in the BIM sector.

Major companies operating in the building information modeling market report are Autodesk, The Nemetschek Group, Bentley Systems Incorporated, Trimble Navigation Limited, Pentagon Solutions, Asite Solutions, AVEVA Group PLC, Hexagon AB, ACCA Software Inc., Vector Networks Inc., Revit Modelling India, Pinnacle Infotech, Planon Group, LOD Planner Inc., Cadsoft Corp., Archidata Inc., Tekla Corporation, Dassault Systemes, Graphisoft SE, Procore Technologies Inc., Bluebeam Inc., Synchro Software Ltd., Architecture Engineering Construction Operations and Management, Mott MacDonald Group, PTC Inc., Siemens Digital Industries Software, Corecon Technologies Inc., Newforma Inc., BIMobject AB, FARO Technologies Inc., Hilti Group, ClearEdge3D Inc., PlanGrid, Solibri Inc., ALLPLAN, RIB Software SE, BuildingConnected, Pointfuse Ltd.

North America was the largest region in the building information modeling market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the building information modeling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the building information modeling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The building information modelling (BIM) market includes revenues earned by entities by providing services related to geographic BIM, structural BIM, concrete BIM, and architectural BIM software. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12535

1. Executive Summary

2. Building Information Modeling Market Characteristics

3. Building Information Modeling Market Trends And Strategies

4. Building Information Modeling Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Building Information Modeling Market Size and Growth

5.1. Global Building Information Modeling Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Building Information Modeling Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Building Information Modeling Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Building Information Modeling Market Segmentation

6.1. Global Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Software
Services
6.2. Global Building Information Modeling Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
On Premises Deployment
Cloud Deployment
6.3. Global Building Information Modeling Market, Segmentation By Project Lifecycle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Preconstruction
Construction
Operation
6.4. Global Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Planning and Modelling
Construction and Design
Asset Management
Building System Analysis And Maintenance Scheduling
Other Applications
6.5. Global Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Architects/Engineers
Contractors
Other End Users

7. Building Information Modeling Market Regional And Country Analysis

7.1. Global Building Information Modeling Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Building Information Modeling Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Building Information Modeling Market

8.1. Asia-Pacific Building Information Modeling Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Building Information Modeling Market

9.1. China Building Information Modeling Market Overview
9.2. China Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Building Information Modeling Market

10.1. India Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Building Information Modeling Market

11.1. Japan Building Information Modeling Market Overview
11.2. Japan Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Building Information Modeling Market

12.1. Australia Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Building Information Modeling Market

13.1. Indonesia Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Building Information Modeling Market

14.1. South Korea Building Information Modeling Market Overview
14.2. South Korea Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Building Information Modeling Market

15.1. Western Europe Building Information Modeling Market Overview
15.2. Western Europe Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Building Information Modeling Market

16.1. UK Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Building Information Modeling Market

17.1. Germany Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Building Information Modeling Market

18.1. France Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Building Information Modeling Market

19.1. Italy Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Building Information Modeling Market

20.1. Spain Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Building Information Modeling Market

21.1. Eastern Europe Building Information Modeling Market Overview
21.2. Eastern Europe Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Building Information Modeling Market

22.1. Russia Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Building Information Modeling Market

23.1. North America Building Information Modeling Market Overview
23.2. North America Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Building Information Modeling Market

24.1. USA Building Information Modeling Market Overview
24.2. USA Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Building Information Modeling Market

25.1. Canada Building Information Modeling Market Overview
25.2. Canada Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Building Information Modeling Market

26.1. South America Building Information Modeling Market Overview
26.2. South America Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Building Information Modeling Market

27.1. Brazil Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Building Information Modeling Market

28.1. Middle East Building Information Modeling Market Overview
28.2. Middle East Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Building Information Modeling Market

29.1. Africa Building Information Modeling Market Overview
29.2. Africa Building Information Modeling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Building Information Modeling Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Building Information Modeling Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Building Information Modeling Market Competitive Landscape And Company Profiles

30.1. Building Information Modeling Market Competitive Landscape
30.2. Building Information Modeling Market Company Profiles
- 30.2.1. Autodesk
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. The Nemetschek Group
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Bentley Systems Incorporated
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Trimble Navigation Limited
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Pentagon Solutions
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Building Information Modeling Market Competitive Benchmarking

32. Global Building Information Modeling Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Building Information Modeling Market

34. Building Information Modeling Market Future Outlook and Potential Analysis

34.1 Building Information Modeling Market In 2028 - Countries Offering Most New Opportunities
34.2 Building Information Modeling Market In 2028 - Segments Offering Most New Opportunities
34.3 Building Information Modeling Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer