Building Information Modeling (BIM) Market is expected to record a steady compound annual growth rate (CAGR) of 12.7% during the forecast period (2024)

According to BlueWeave Consulting, the Global Building Information Modeling (BIM) Market is expected to grow at a significant rate during the forecast period. The Global Building Information Modeling (BIM) Market is anticipated to grow from USD 4.9 billion in the year 2019 to USD 8.9 billion by the end of the year 2024; it is also expected to record a steady compound annual growth rate (CAGR) of 12.7% during the forecast period.

The Global Building Information Modeling (BIM) Market is growing owing to various factors. High power utilization in business structures and the ascent in energy expenses have been driving the use of structures data displaying in development for effective power and improved electrical framework plan for lessening costs, diminishing wastage, and in the general retrofit enhancements.

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Global Building Information Modeling (BIM) Market: Major Players
RIB Software SE (RIB, Germany), Asite (Asite, UK), AVEVA Group plc (AVEVA, UK), Hexagon AB (Hexagon, Sweden), Autodesk, Inc (Autodesk, US), Nemetschek Group (Nemetschek, Germany), Bentley Systems, Incorporated (Bentley Systems, US), Trimble Inc. (Trimble, US), Dassault Systèmes SE (Dassault Systèmes, France), Archidata Inc. (Archidata, Canada), Pöyry Oyj (Pöyry, Finland), Computers and Structures, Inc. (Computers and Structures, US), and 4M Company (4M Company, US), Beck Technology (Beck Technology, US), among others are some of the major players in the Global Global Building Information Modeling (BIM) Market.

The software segment from the type section holds a major share in the Global Building Information Modeling (BIM) Market growth during the forecast period
Software is relied upon to lead the building information modeling market, by type. The product is divided further into engineering plan, maintainability, structure, MEP, development, and facility management. Engineering is relied upon to overwhelm the BIM programming market. The utilization of BIM for engineering structures helps in incorporating plans and propelled perceptions. It likewise improves plans according to the necessities. The construction software is required to hold a noteworthy portion of the product type. To build efficiency, a perplexing development procedure must be trailed by exacting procedures and tight timetables. BIM in the development procedure is for the most part utilized for reenactment, assessing, and development investigation.

The AEC segment holds a lion's share in the Global Building Information Modeling (BIM) Market growth during the forecast period
The joint effort of architecture, engineering, and construction (AEC) processes bring about finishing a task. BIM is among the most encouraging improvements in the AEC section, and it embraces different advanced innovations that would help change the AEC fragment. Right now, BIM is combined with incredible structure and recreation devices that support more prominent joint effort between undertaking groups. BIM permits AEC end-clients to team up with the general development work directly from the preconstruction to the tasks stage.

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The North American region holds a significant share in the Global Building Information Modeling (BIM) Market growth during the forecast period
Main factors that are driving the building information modeling market in North America incorporate the desire for selection of BIM commands in the region, noteworthy interests in foundation ventures from government and private players, and activities taken by different associations in these districts for the reception of BIM in particular nations.

The objective of the Study:
o To analyze and forecast the Global Building Information Modeling (BIM) market size of the market, in terms of value.
o To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Global Building Information Modeling (BIM) market into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America and their leading countries.
o To outline, categorized and forecast the global Building Information Modeling (BIM) market based on the type and Application.
o To examine competitive developments like technological advancement, services, and regulative framework within the global Building Information Modeling (BIM) Market.
o To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
o To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Request for Customizations: If you have any special requirement, please let us know and we can provide you the report as your requirement.

Scope of the Report

By Type
o Services
o Software

By Verticals
o Entertainment
o Commercial
o Industrial
o Sports

By End-User
o Architect
o Construction Manager/General Contractor
o Engineer
o Owner

Besides, the report provides an analysis of the Global Building Information Modeling (BIM) market with respect to the following geographic segments:

North America
o U.S.
o Rest of North America

Europe
o France
o The UK
o Spain
o Germany
o Italy
o Rest of Europe

Asia Pacific
o China
o Japan
o India
o Southeast Asia
o Rest of Asia Pacific

Middle East and Africa
o Southern Africa
o Rest of Middle East and Africa

Latin America
o Brazil
o Rest of Latin America

Business Questions answer by the report
o How will the market drivers, restraints and opportunities affect the market dynamics?
o What will be the market size in terms of value and volume and market statistics with a detailed classification?
o Which segment dominates the market or region and one will be the fastest growing and why?
o A comprehensive survey of the competitive landscape and the market participant players
o Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client
Client satisfaction is our first and last priority and that's why BlueWeave Consulting offers customization according to Company's specific needs. The following customization options are available for the report:

Additional Company Information
o With five additional company detail analysis
o Additional country analysis
o Detailed segment analysis

Don't miss the business opportunity of Global Building Information Modeling (BIM) Market. Consult to our analyst and gain crucial insights and facilitate your business growth.
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