Everything You Want to Know About the Building Information Modeling (BIM) Extraction Software Market

A recent report, titled, “Building Information Modeling (BIM) Extraction Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026,” added by MarketResearchReports.biz to their vast repository, extensively covers this market by outlining its key factors in great depth. The report acts as a valuable insight to parties interested in this field, especially owing to a significant boom occurring in the building and construction industry.

Rapid developments in digitization technologies have led the construction companies to use digital software products for bringing in efficiency to their work processes. Thus, there has been a significant need for technological solutions for architects and engineers in the construction industry to design and plan effective and efficient models. These are creating strong demand for BIM extraction software, which is further expected to drive the building information modeling (BIM) extraction software market extensively in future.

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Similarly, governments across countries such as the U.S., Australia, Germany, Finland, Singapore, and Denmark are focusing on enhancing technological aspects of the construction industry, thus stoking the market to achieve exemplary growth. Additionally, governments are mandating BIM implementation in public infrastructure developments. Public agencies as well as private companies are also emphasizing on implementing BIM across construction activities mainly due to the benefits offered by BIM solutions. This too is a key factor that is propelling the building information modeling (BIM) extraction software market. Some of these benefits include enhanced project process outcome, reduced project cost, reduced rework, and reduced project duration among other internal, project, and process benefits offered by BIM.

However, huge costs of creating and maintaining building information modeling (BIM) extraction software systems might make it difficult for small-scale companies having less capital for investments, from buying the products. This is a prime restraint affecting the global information modeling (BIM) extraction software market. Nevertheless, many companies are expected to introduce cost effective software solutions in future, which could offset such hindrances.

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A highly competitive scenario exists in the global building information modeling (BIM) extraction software market’s vendor landscape. Most companies participate in valuable mergers & acquisitions of smaller players, which has consequently become their key business strategy. Achieving product innovations, product differentiations, and expansion of product portfolios, also are other schemes implemented by companies present in the global building information modeling (BIM) extraction software market. The competitiveness is expected to mushroom in future owing to new players regularly entering the vendor landscape.

Autodesk, Inc., AVEVA Group plc, Bentley Systems, Inc., FARO Technologies, Inc., Tekla Corporation, Safe Software, Inc., Vectorworks, Inc., Microsoft Corporation, Synchro Software, Nemetschek Group, PointCab GmbH, Gexcel srl, Assemble Systems, SierraSoft, Innovaya, ClearEdge3D, Inc., Leica, Geo-Plus, Technodigit SARL, and Trimble, Inc., are key players operating in the global building information modeling (BIM) extraction software market.

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