Global BIM Market Growth Accelerated by Healthy CAGR, Upcoming Trends and Key Companies Analysis | Beck Technology, Ltd., Autodesk, Inc., Dassault Systemes SA.

Global BIM Market is estimated to reach USD XX billion by 2028

This detailed market study focuses on the data obtained from various primary and secondary sources and is analyzed using different tools. It helps in gaining insights about the potential of the market for growth which can facilitate the investors in identifying scope and opportunities. The analysis also provides details of each segment in the global Global BIM Market.

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According to the report, the building information modelling market is expected to see significant growth over the forecast period. As BIM software is used by individuals, businesses, building and government agencies for planning, designing, constructing, running and maintaining various physical infrastructures such as water, waste, power, coal, communications, highways, bridges, ports, tunnels, etc. All these factors are propelling the demand and growth of BIM market.

In recent years, many had embraced the BIM software, rather than paper-based designing and planning, which has greatly expanded the BIM market. Now architectures are able to design more effectively and this method saves both time and money. In fact, several companies are constantly attempting to develop a BIM model that can be used to incorporate different modeling systems. Most jurisdictions have put policies into implementing and adapting to BIM software that have improved the BIM industry in counties like the U.S. where colleges and private organizations have made it compulsory.

With an emphasis on both organic and inorganic growth strategies there have been several primary developments done by major companies like Beck Technology, Ltd., Autodesk, Inc., Dassault Systemes SA, Trimble Navigation Ltd, Synchro Software Ltd, Pentagon Solutions Ltd, Bentley Systems.

Segmentation for better understanding of this market and its growth prospects:

Global BIM market has been segmented based on, type (software, service), end-user (architect/engineers, contractors, facilities manager), application (commercial, residential, industrial) and region.

The software segment by type is expected to grow significantly during the forecast period of BIM market. As BIM software is widely used for integrating designs and advanced visualizations of architectural designs of construction. BIM is used to offer maximum efficiency, rigid procedures and tight schedules. These things must be supplemented by a dynamic construction process, therefore BIM is primarily used in the construction process for the simulation, evaluation and analysis of construction.

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This report provides:

1) An overview of Global BIM Market globally and related technologies.
2) Analysis of global market trends, estimates of each year and annual compound growth rate projections (CAGRs).
3) Identification of new market opportunities and targeted promotion plans for Global BIM Market devices
4) Discussion of R&D and demand for new products and new applications
5) Comprehensive company profiles of key industry players.

The researchers have studied the market in depth and have come up with major segments like product type, application and region. Based on their market share, growth prospects, and CAGR, each and every segment and its sub-segments are studied. Each market segment offers in-depth information on market outlook, both qualitative and quantitative.

Regional segmentation and analysis to understand growth patterns:

The market has been segmented in major regions to understand the global development and demand patterns of this market. By region the BIM market is segmented by North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, and Rest of the World.

There is a growing demand for BIM software from North America and Asia Pacific. The increased adoption of cloud-based engineering software would fuel demand for the BIM software in North America; thus, through the forecast period, securing its position as the dominant regional market.
These regions hold key to the growth and development of the BIM industry during the forecast period, with technological advances and a cluster of global companies operating in these regions. In these regions, most of the leading companies have operations to cater for potential end users in the respective region.

The North America BIM market is further segmented by US, Canada, and Mexico, whereas Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia.

Some of the key Impact Factors:
o Government regulations of adapting to building information modeling software to boost its market
o Implementation of BIM helps in better estimation of budgets

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Market Segmentation:

By Type:
o Software
o Services

By End-Use:
o Architect/Engineers
o Contractors
o Facilities Manager

By Application:
o Commercial
o Residential
o Industrial

By Region:

o North America
o By Country (US, Canada, Mexico)
o By Type
o By End-User
o By Application

o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By End-User
o By Application

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By End-User
o By Application

o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By End-User
o By Application

o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By End-User
o By Application

o Rest of the World
o By Region (South America, Africa)
o By Type
o By End-User
o By Application

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This release was published on openPR.