"Building Information Modelling Market – Industry Trends and Forecast to 2028
Global Building Information Modelling Market, By Component (Solution, Services) Deployment Mode (On-Premise, Cloud), Project Life Cycle (Preconstruction, Construction, Operations), Building Type (Commercial, Residential, Industrial), Application (Planning & Modelling, Construction & Design, Asset Management, Building System Analysis & Maintenance Scheduling, Others), End-User (Architects/Engineers, Contractors, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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The global building information modelling market will reach at an estimated value of 18,100.99 million and grow at a CAGR of 13.90% in the forecast period of 2021 to 2028. Rise in the rapid urbanization is an essential factor driving the smart lecture capture market
Building Information Modelling, or BIM, is a process that involves the creation and management of digital representations of physical and functional characteristics of places. The market for BIM is witnessing significant growth due to the increasing demand for efficient project delivery, cost reduction, and the growing emphasis on sustainable infrastructure development. In addition, the adoption of BIM technologies across various industries such as construction, architecture, engineering, and facilities management is driving the market forward. The global BIM market is projected to expand at a substantial rate in the coming years.
**Segments**
- **By Component**: The BIM market can be segmented based on components such as software, services, and hardware. Software components include modeling software, design software, and collaboration tools. Services consist of implementation, consulting, training, and support services. Hardware components cover storage devices, servers, and workstations.
- **By Vertical**: The market can be segmented based on verticals such as commercial, residential, institutional, industrial, and infrastructure. Each vertical has unique requirements for BIM implementation, with the commercial and infrastructure sectors being major contributors to market growth.
- **By Deployment**: BIM solutions can be deployed on-premises or on the cloud. The choice of deployment depends on factors such as scalability, security, and accessibility. Cloud-based deployments are gaining traction due to their flexibility and cost-effectiveness.
**Market Players**
- **Autodesk, Inc.**: Autodesk is a key player in the BIM market, offering a wide range of BIM software solutions tailored for various industries. The company's products are known for their advanced features and interoperability.
- **Nemetschek Group**: Nemetschek Group is another leading player in the BIM market, providing software solutions for architecture, engineering, and construction. The company focuses on innovation and has a strong global presence.
- **Bentley Systems, Inc.**: Bentley Systems offers comprehensive BIM solutions for infrastructure projects, including software for design, construction, andThe Building Information Modelling (BIM) market is poised for significant growth over the coming years, driven by various factors such as the increasing demand for efficient project delivery, cost reduction initiatives, and the rising focus on sustainable infrastructure development. The adoption of BIM technologies across a wide range of industries including construction, architecture, engineering, and facilities management is propelling market expansion. The global BIM market is expected to witness substantial growth as organizations increasingly recognize the benefits of leveraging digital representations of physical and functional characteristics of places to enhance project outcomes.
In terms of market segmentation, the BIM market can be categorized based on different components including software, services, and hardware. Software components encompass modeling software, design software, and collaboration tools that are essential for creating and managing digital representations. Services such as implementation, consulting, training, and support play a crucial role in enabling successful BIM implementation. Hardware components like storage devices, servers, and workstations are also integral parts of the BIM ecosystem, supporting the processing and storage needs of BIM projects.
Furthermore, the market segmentation based on verticals highlights the diverse applications of BIM across commercial, residential, institutional, industrial, and infrastructure sectors. Each vertical has specific requirements for BIM implementation, with commercial and infrastructure segments emerging as major contributors to market growth. The commercial sector benefits from BIM's capabilities in enhancing design accuracy, project coordination, and facilities management. On the other hand, the infrastructure sector leverages BIM for infrastructure planning, design, and maintenance, driving efficiency and sustainability in large-scale projects.
Deployment options for BIM solutions include on-premises and cloud-based deployments, with the choice influenced by factors such as scalability, security, and accessibility. Cloud-based BIM deployments are gaining popularity due to their flexibility, cost-effectiveness, and ability to facilitate collaboration among project stakeholders regardless of their physical location. Organizations are increasingly opting for cloud-based BIM solutions to streamline project workflows, improve data accessibility, and enhance overall project management efficiency.
**Global Building Information Modelling Market**
- **Component (Solution, Services)**: The BIM market is segmented based on components such as software solutions and services. Software solutions include modeling software, design software, and collaboration tools, while services encompass implementation, consulting, training, and support services crucial for successful BIM deployment.
- **Deployment Mode (On-Premise, Cloud)**: BIM solutions can be deployed either on-premises or on the cloud. Organizations choose deployment modes based on factors such as scalability, security, and accessibility. Cloud-based deployments are gaining popularity due to their flexibility, cost-effectiveness, and collaboration capabilities.
- **Project Life Cycle (Preconstruction, Construction, Operations)**: BIM is utilized across the project life cycle stages including preconstruction, construction, and operations. It aids in efficient project planning, design coordination, and ongoing asset management, contributing to improved project outcomes and lifecycle efficiency.
- **Building Type (Commercial, Residential, Industrial)**: BIM applications span across various building types such as commercial, residential, and industrial structures. Each building type has unique requirements for BIM implementation, with commercial and industrial sectors leveraging BIM for design accuracy, project coordination, and maintenance efficiency.
- **Application (Planning & Modelling, Construction & Design, Asset Management, Building System Analysis & Maintenance Scheduling, Others)**: BIM finds applications in diverse areas such as planning and modeling, construction and design coordination, asset management, and building systems analysis. These
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Building Information Modelling Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Building Information Modelling Market.
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Building Information Modelling Market Landscape
Part 04: Global Building Information Modelling Market Sizing
Part 05: Global Building Information Modelling Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
This study answers to the below key questions:
- What are the key factors driving the Building Information Modelling Market?
- What are the challenges to market growth?
- Who are the key players in the Building Information Modelling Market?
- What are the market opportunities and threats faced by the key players?
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