Building Information Modeling (BIM) Market will grow $21186.9 million in 2025

The global BIM Market was valued at $2531.0 million in 2014 and is likely to garner $21186.9 million in 2025, growing at a CAGR of 22.16% during the forecast period according to Progressive Markets report, Global Building Information Modeling (BIM) Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025.

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The study offers a detailed analysis of the BIM market for the historic period, 2014-2017 and the forecast period, 2018-2025. It encompasses the market size, market share, market dynamics, Porters analysis, key market segments, market trends, and company profiles. The data in the report is a result of an extensive market research and valuable opinions from industry experts. Research methodology is offered in the study to highlight methodologies used to collect and validate data. The report is a useful tool for market players, investors, and new entrants as it helps them strengthen their position in the international market and devise strategies to sustain.

The report provides an executive summary of the global BIM industry to help market players, new entrants, and investors gain an understanding of the overall market conditions and determine strategies for growth and sustaining their businesses. Key findings are highlighted in the study to assist market players to determine investment feasibility. Market attractiveness and trends analysis are also outlined in the study. The competitive landscape is offered to help industry players determine the competitiveness prevailing in the industry and take decisions to gain a competitive edge.

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The market landscape of the global BIM industry is offered based on the growth drivers, restraints and challenges, Porters analysis, and market share analysis. The drivers and restraints determine the rise and fall of the market. Factors such as enhanced productivity through interoperability of BIM, government mandates for the use of BIM in building constructions, growing number of construction projects globally, the rise in awareness of BIM and its associated benefits, and growing demand for automated models in architecture, engineering, and construction (AEC) industry are resulting in a growing adoption of BIM in the construction industry. However, the expensiveness of the BIM software and the lack of trained professionals in the industry are impeding the growth of the industry. Porters Five Forces model is provided in the study to determine the level of competition in the market across the globe. The analysis is offered based on the bargaining power of buyers, bargaining power of suppliers, the threat of new entrants, the threat from substitutes, and industrial rivalry.

The report offers a detailed segmentation of the global BIM market based on the solution, deployment type, end user, industry vertical, and geography. Based on the solution, the market is classified as software and service. Based on deployment type, the market is bifurcated into on-premise and cloud-based. The cloud based segment was valued at $1684.4 million in 2014 and is expected to reach $15599.5 million in 2025. By end user, the industry is divided into architect/engineer, contractor, and others (owners and consultants). The contractor segment is likely to grow at a CAGR of 23.68% during the forecast period. By industry vertical, the market is divided into commercial, residential, infrastructure, institutional, and industrial. The commercial segment is likely to grow at a CAGR of 23.13% while the infrastructure segment is likely to grow at a CAGR of 25.33% during the forecast period. Geographically, the market study covers the regions such as North America, Europe, Asia-Pacific, and LAMEA. In North America, the market analysis has been done for the regions such as the U.S., Canada, and Mexico. In Europe, the study covers Germany, France, UK, Spain, Italy, and the rest of Europe. In Asia-Pacific, the market analysis is covered for India, China, Japan, Australia, South Korea, and the other parts of Asia-Pacific. In LAMEA, the study covers Brazil, Saudi Arabia, South Africa, and the other parts of LAMEA. The market share analysis for each segment is provided in the study for the historic period and the forecast period.

The report provides a detailed analysis of key market players operating in the global BIM market. A business overview for each player is offered in the market study to help market players and investors gain a thorough understanding of the prevailing market competition and determine investment suitability. In addition, financial and business segments of each player are provided. Recent developments by them are also discussed in the report. Key market players analyzed in the research include Beck Technology, Ltd., Autodesk, Inc., Dassault Systemes SA, Trimble Navigation Ltd., Synchro Software Ltd., Pentagon Solutions Ltd., Bentley Systems, Inc., Cadsoft Corporation, Nemetschek AG., and Asite Solutions Limited.

The company makes use of primary corporate research and secondary inputs from trusted sources to build its own reference base. It maintains consistency in quality as it keeps itself updated with changes in market dynamics and gauging its net effect on global business trends.

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