Global Market for Building Information Modeling is Anticipated to grow at a Significant Pace i.e., USD 11.3 Billion during the Forecast Period 2021-2027

Published Date: Mar, 2022

The global building information modeling market is projected to grow at a 12.7% CAGR during 2021-2027. Building Information Modeling, or BIM, is a means of creating visual representations of projects at the planning stage by utilizing modern tools. The global building information modeling market is growing owing to improved data transmission and coordination among numerous stakeholders, as well as increased construction productivity, which gives BIM users a competitive advantage. The robust urbanization and industrialization, which necessitates the development of large-scale buildings and projects such as dams, roadways, and tunnels, has resulted in a significant increase in government and private sector spending. The benefits of BIM to Architecture, Engineering, and Construction (AEC), such as effective collaboration and model-based cost estimation, will lead to the growth of BIM adoption, which is propelling the market forward. Also, the increased demand for sustainability in constructions in terms of water, energy, recycling projects, sophisticated communication features, and special public projects such as highways, bridges, and tunnels continues to drive the BIM industry forward.

In April 2021, Trimble announced the availability of Trimble® Quadri Building Information Modeling (BIM) collaboration software in North America. Quadri software, which is well-known in Europe, provides a shared data environment for 3D project models, allowing planners, designers, construction teams, and project owners working on infrastructure projects such as roads, bridges, and trains to collaborate across the project. The improved data flow allows for a more efficient and construction-ready design, bridging the gap between the office and the field.

The COVID-19 outbreak has had little impact on the expansion of the BIM business because the COVID-19 lockdown enabled widespread adoption of BIM, allowing projects to proceed in a virtual and digital environment even though participants could not meet in person. The pandemic has compelled people to seek out safer and more efficient ways to construct offices and houses. This global public health crisis has reinforced the high demand for innovative ways of designing and building offices and houses, utilizing smart construction to address design issues, outdated procedures, inefficiencies, and environmental concerns.

Browse 73 market data Tables and 47 Figures spread through 300 Pages and in-depth TOC on " Building Information Modeling Market by Offering Type (Software (Architectural Design, Sustainability, Structures, MEP, Construction, and Facility Management) and Services (Software Support and Maintenance and Project Management and Support), by Deployment Type (On-Premise and Cloud), by Project Lifecycle (Preconstruction, Construction, and Operation), by Application (Building, Industrial, Civil Infrastructure, Oil & Gas, Utilities, and Others), by End User (AEC Professionals, Consultants & Facility Managers, and Others), and Region - Global Forecast to 2027"

By Application, building segment contribute to the largest share in the market.

Based on application, the global building information modeling market is segmented into the building, industrial, civil infrastructure, oil & gas, utilities, and others. The building application dominates the market owing to mandates by the government to adopt BIM in countries like the UK, Germany, etc., increased adoption of BIM in road and rail infrastructures, development of bridges, modernization projects will accelerate the growth of the segment.

Global Building Information Modeling Market Segmentation Analysis

Segment

Categorization

Leading Category

Offering Type

 Software (Architectural Design, Sustainability, Structures, MEP, Construction, and Facility Management) and Services (Software Support and Maintenance and Project Management and Support)

Software (Largest)

Services (Highest)

Deployment Type

On-Premise and Cloud

On-Premise (Largest)

Cloud (Highest)

Project Lifecycle

Preconstruction, Construction, and Operation

Preconstruction (Significant Growth)

 

Application

Building, Industrial, Civil Infrastructure, Oil & Gas, Utilities, and Others

Building (Largest)

 

End User

AEC Professionals, Consultants & Facility Managers, and Others

AEC Professionals (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America

(Largest)

Asia-Pacific (Fastest)

 

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“North America contributes the largest share in the Building Information Modeling market during 2021-2027.”

North America contributes the largest share in the global BIM market due to the increased adoption of developed software technologies, supportive government policies, rising environmental awareness, mounting growth of the real estate industry, and well-established R&D facilities of engineering and construction sectors in the region.

Some of the major players in the global Building Information Modeling market include Autodesk Inc., Nemetschek, Graphisoft, Asite, BENTLEY SYSTEMS, INCORPORATED, Dassault Systèmes, Hexagon AB, Trimble Inc., PENTAGON SOLUTIONS LTD, and AVEVA Group plc

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Offering Type, Deployment Type, Project Lifecycle, Application, End User, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Autodesk Inc., Nemetschek, Graphisoft, Asite, BENTLEY SYSTEMS, INCORPORATED, Dassault Systèmes, Hexagon AB, Trimble Inc., PENTAGON SOLUTIONS LTD, and AVEVA Group plc

Global Building Information Modeling Market Coverage

Offering Type Insight and Forecast 2015-2027

  • Software
    • Architectural Design
    • Sustainability
    • Structures
    • MEP
    • Construction
    • Facility Management
  • Services
    • Software Support and Maintenance
    • Project Management and Support

Deployment Type Insight and Forecast 2015-2027

  • On-Premise
  • Cloud

Project Lifecycle Insight and Forecast 2015-2027

  • Preconstruction
  • Construction
  • Operation

Application Insight and Forecast 2015-2027

  • Building
  • Industrial
  • Civil Infrastructure
  • Oil & Gas
  • Utilities
  • Others

End User Insight and Forecast 2015-2027

  • AEC Professionals
  • Consultants & Facility Managers
  • Others

Geographical Segmentation

Building Information Modeling Market by Region

North America

  • By Offering Type
  • By Deployment Type
  • By Project Lifecycle
  • By Application
  • By End User
  • By Country – U.S., Canada, and Mexico

Europe

  • By Offering Type
  • By Deployment Type
  • By Project Lifecycle
  • By Application
  • By End User
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Offering Type
  • By Deployment Type
  • By Project Lifecycle
  • By Application
  • By End User
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Offering Type
  • By Deployment Type
  • By Project Lifecycle
  • By Application
  • By End User
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries