Building Information Modelling Market Analysis:
The global building information modelling market is predicted to surpass USD 8123.5 million at a whopping 14.9% CAGR over the forecast period (2018-2023). Building information modelling or BIM is a technique to create and manage information on construction projects all through the lifecycle of the project. For effective functioning, it needs the integration of five elements namely process, policy, people, information as well as technology. No matter be it construction, structure design, road design, land surveying or project management, the role of BIM has indeed turned indispensable much beyond the ordinary outcomes.
Through Building Information Modelling Market, owners can augment the quality of the building, cut down building lifestyle costs significantly, understand design projects better from the commencement to end, increase use rates and occupancy and optimize operational efficiencies. BIM helps to plan, design, construct, operate and maintain the huge physical infrastructure along with quick data exchange amid the involved entities. Some of its lucrative advantages include increased ROI, save time and money, and waste reduction with regards to materials.
There are plentiful factors that are propelling the growth of the building information modelling market. Some of these factors according to the Market Research Future (MRFR) report include need for improving productivity, competitiveness in the engineering, architecture and construction industry that is driving the use of BIM, simplifying complexity of construction projects, favourable government policies, better site safety, low risk, and strict building safety regulations. On the contrary, high initial investment of setup may hamper the growth of the building information modelling market over the forecast period.
Major Key Players:
Leading players profiled in the building information modelling market include Archidata Inc, RIB Software SE, Trimble Inc, Asite Limited, Bentley Systems, Dassault Systèmes, Nemetschek SE, Aveva Group Plc, and Hexagon AB, Autodesk Inc.
April 2019- Capgemini, leading digital transformation firm and Autidesk, renowned 3D software design professional have joined hands for deploying Reflect IoD, the novel BIM platform especially for infrastructure and building operators. This agreement will offer BIM operators a unique cloud-enabled as well as secure digital twin platform.
Together they will gather unique digital technologies and transformation skills thereby offering operators with an exciting opportunity for capturing and deriving higher value from digital data made during design, operations, and construction for more efficiently managing their portfolios. This partnership will cater to the ever-growing requirements of enterprises for the standardized brownfield management covering the entire lifecycle.
MRFR report provides a complete segmental analysis of the building information modelling market on the basis of end-user, product, project lifecycle and industry.
- Based on product, it is segmented into BIM project management, BIM software and BIM training services. Of these, BIM software will have the largest share in the market over the forecast period.
- Based on project lifecycle, the building information modelling market is segmented into operation, pre-construction and construction. Of these, pre-construction will dominate the market over the forecast period.
- Based on end user, it is segmented into architects, government and engineers. Of these, engineers will lead the market over the forecast period.
- Based on industry, the building information modelling market is segmented into oil and gas industries, sports, entertainment, industrial, commercial, healthcare, residential and others. Of these, the commercial segment will account for a major share in the market over the forecast period.
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Based on region, the building information modelling market covers latest trends and growth opportunities across Europe, North America, Rest of the World and Asia Pacific. Of these, North America will have lion’s share in the market over the forecast period. This will be followed by Europe that will have the second major share in the market.
The market growth in North America is owing to high disposable income that is creating high demand for commercial and residential construction. Increasing government focus in the construction sector and the developing countries in the European region is likely to drive the growth of the building information modelling market in Europe over the forecast period.
- Software developers
- Government Agencies
- Constructing Service providers
- Construction Companies
- Research Institutes & Universities
Table of Contents
- Market Introduction
1.2 Scope of Study
1.2.1 Research objective
1.3 Market Structure:
1.3.1 Global Building Information Modelling Market: By Product
1.3.2 Global Building Information Modelling Market: By End User
1.3.3 Global Building Information Modelling Market: By Industry
1.3.5 Global Building Information Modelling Market: By Region
List of Table
Table 1 Market Synopsis 13
Table 2 List of Assumptions 16
Table 3 Product Offering 17
Table 4 Global Building Information Modelling Market, By Product, 2017-2023 (Usd Million) 38
Table 5 Global Building Information Modelling Market, By Project Lifecycle, 2017-2023 (Usd Million) 41
List of Figure
Figure 1 Global Building Information Modelling Market: Market Structure 16
Figure 2 North America Market Size & Market Share By Country (2017 Vs 2023) 19
Figure 3 Europe Market Size & Market Share By Country (2017 Vs 2023) 19
Figure 4 Asia-Pacific & Market Share By Country (2017 Vs 2023) 20
Figure 5 Rest Of The World Market Size & Market Share By Country (2017 Vs 2023) 20
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