Building Information Modelling Market - Trends Forecast Till 2028

The Building Information Modelling Market is segmented by Solution Type (Software, Service), Application (Commercial, Residential, Industrial), End-user (Contractors, Architects, Facilities Managers), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-SE-BIMM-916

Format:  

Number of Pages: 349

Domain: Semiconductors & Electronics

Building Information Modelling Market – Trends Forecast Till 2028

The Building Information Modelling (BIM) market was estimated to be worth USD 8.89 billion in 2020 and is projected to reach a CAGR of 19.62% over the forecast period of 2021 - 2028.

Building Information Modelling (BIM) is a 3D model-based process for creating and managing information on a construction project across the project lifecycle. The important outputs of this process are the building Information model, the digital description of every aspect of the built asset to manage the building infrastructure in a better way.

With the rapid growth in population, there has been a rise in the demand for the residential sector, with various governments across the globe and this is the major factor that has supported long-term expansion for Building Information Modelling Market.

The COVID-19 pandemic has severely impacted the construction and building industry. The fragmented and unorganized construction and infrastructure sector is facing extreme challenges because of the outbreak. Disturbances during the lockdown in manpower, material supply, plants, machinery, and construction projects are likely to restrict the expected growth of the industry.

Building Information Modelling Market Size Analysis

North America is one of the critical markets for BIM; it comprises the US, Canada, and Mexico. This region is the early adopter of advanced BIM technology, which is a recently developed innovative approach to design and construction.

Building Information Modelling Market is segmented into solution type, application, end user and region.

On the basis of Solution Type

  • Software
  • service

On the basis of Application

  • Residential
  • Commercial
  • Industrial

On the basis of End-User  

  • Contractors
  • Architects
  • Facilities manager

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Building Information Modelling Market Primary Respondent

 

Key Players

  • Autodesk Inc.
  • Bentley Systems Inc.
  • Dassault Systemes SA
  • Hexagon AB
  • Trimble inc.

Recent Developments

  • May 2019 - Autodesk, Inc. by combining the power of its BIM and the cloud, has moved from static images to completely immersive, intelligent virtual reality solution. The solution allows any project stakeholder to experience a digital model before it is built, helping to ensure vision aligns with the design. Potential conflicts or required changes can more easily be identified before issues arise during construction.
  • July 2018 - Autodesk, Inc. announced the acquisition of Salem, Massachusetts-based Assemble Systems, Inc. Assemble Systems provides a SaaS solution that enables construction professionals to condition, query and connect BIM data to key workflows across bid management, estimating, scheduling, site management, and finance.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Building Information Modelling Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 19.62% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

solution type, application, end user and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Autodesk Inc., Bentley Systems Inc., Dassault Systemes SA, Hexagon AB and trimble inc.

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