Building Information Modelling Market Analysis
According to the report projected by MRFR or Market Research Future, in the course of the assessment period from 2020 to 2030, the Building Information Modeling Market Size is assumed to expand at a rate not less than 13.63% Compound Annual Growth Rate or CAGR. Moreover, by 2030, the Building Information Modeling Market Size would achieve a size of 18.42 Billion USD according to MRFR’s current report. This Building Information Modelling Market report study further highlights the market driving factors, market overview, industry volume, and market share.
Various factors are propelling the BIM Market share. According to the recent MRFR report, such factors include the demand for building information Modelling in the construction industry, an increasing number of infrastructure projects, rising urbanization, growing awareness about the benefits of BIM for the AEC industry, and rising mandates by the government to adopt BIM. Additional factors adding market growth include the developing economies, growing need for infrastructure and housing development, and growing worldwide population.
On the contrary, lack of construction safety equipment, scarcity of skilled labor, and shortage of parts, construction equipment, and materials due to the COVID-19 outbreak may impede the global building information Modelling market growth over the forecast period.
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Building Information Modelling Market Key Players
- Archidata Inc
- RIB Software SE
- Bentley Systems
- Trimble Inc
- Asite Limited
- Nemetschek SE
- Hexagon AB
- Aveva Group Plc
- Dassault Systèmes
- Autodesk Inc.
Building Information Modelling Market Segmentation
According to the global Building Information Modeling Market Analysis, the BIM market can be segmented based on Project Lifecycle, Industry, Product, End-users, and region.
By Project Life cycle
Depending on Project Lifecycle, the BIM market can be segmented as:
- Operation
- Pre-construction
- Construction
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By Industry
According to the Building Information Modeling Market Analysis, depending on the industry, the worldwide BIM market can be segmented into:
- Entertainment
- Commercial
- Industrial
- Oil and Gas industries
- Healthcare
- Sports
- Residential
- Others
By Product
Depending on the Product, the BIM market can be segmented as
- BIM Training Services
- BIM Software
- Project Management
By end-users
According to the Building Information Modeling Market Analysis, depending on the end-users, the worldwide BIM market can be segmented into:
- Engineers
- Architect
- Government
By Region
Depending on the region, the BIM market can be segmented as:
- The Asia Pacific
- North America
- Africa and The Middle East
- Europe
- South America
Building Information Modelling Market Regional Analysis
Based on the region, the global building information Modelling market report covers the recent trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, Latin America, & the Middle East and Africa. Of these, North America will lead the market over the forecast period. It is likely to touch USD 1350 million at an 11.2% CAGR by 2023. The growing adoption of cloud-based engineering software, coupled with a huge number of headquarters, companies, architects, construction companies, and consultants employed, are adding to the global building information Modelling market growth in the region.
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The building information Modelling market in Europe is predicted to hold the second-largest share over the forecast period. It is likely to touch USD 1180 million at a 17% CAGR by 2023. Increased infrastructural development and high disposable income are adding to the global building information Modelling market growth in the region.
The building information Modelling market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing smart cities, coupled with the rise in construction activities across Singapore, China, and Japan is adding to the global building information Modelling market in the region.
The building information Modelling market in the LAMEA is predicted to have sound growth over the forecast period.
Key Points Covered in the Report:
- The Building Information Modelling research assesses the industry’s share in terms of demand and supply, as well as volume.
- The study mentions the market share acquired by each product category in terms of consumption value and volume.
- The report meticulously discusses financial records of cumulative sales and overall income gathered by each product category.
- The study includes information on the major organizations’ sales, product pricing methods, revenue shares, and gross margins.
- The operational base of the listed enterprises throughout many locations, as well as their distribution methods, is considered.
- There is also information on the market concentration ratio, partnerships, alliances, acquisitions, new rivals, and other significant changes.
Major Points from TOC:
- Global Building Information Modelling Overview
- Executive Summary
- Production and Capacity by Region
- Production, Revenue, Price Trend by Type
- Key Players Analysis
Continued…
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