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Building Information Modelling (BIM) to grow with a healthy growth rate of more than 12.70% by 2026

06-03-2020 03:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orbis Research

Building Information Modelling (BIM) to grow with a healthy

Global Building Information Modelling (BIM) Market is valued approximately at USD 4.35 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 12.70% over the forecast period 2019-2026.

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Building Information Modelling (BIM) is the process maintained by several tools and technologies including the generation and management of digital representations of physical and functional features of places. The building information models (BIMs) are the files which can be obtained, replaced or networked to assist decision-making involving a building or the other built asset. The BIM is used in the construction sector for the purpose of designing and managing projects during their life cycle. Rapidly increasing number of construction projects followed by rising urbanization worldwide are the major factors responsible for high CAGR of the market over the forecast period. For instance, the growth rate of construction industry globally in 2017 was estimated nearly 3.5% and it grew to 3.9% (approx.) in 2018, according to International Construction Market Survey. Also, according to the United Nations Department of Economic and Social Affairs in 2018, it is estimated that 55% of the total world’s population lives in urban area and it expected to rise to 68% by 2050. Thus, increasing number of construction projects along with increasing urbanization has surged the demand for Building Information Modelling (BIM) around the world.

Moreover, increasing government mandates for BIM adoption is also the factor boosting the adoption for BIM around the world. For instance, The US General Services Administration (GSA) created the National 3D-4D-BIM Program. This program formed policy authorizing BIM adoption for all Public Buildings Service projects. GSA also partners with BIM vendors, open standard organizations, federal agencies, academic/research institutions and professional associations to develop a community of BIM leaders within GSA. Thus, governmental bodies mandating the adoption of BIM, which also encourage the demand for BIM among the end-user. Furthermore, Growing Use of AR/VR and Adoption of Green BIM is the most promising factor which provides lucrative growth opportunities to the market during the forecast period. However, high cost of BIM is the major factors anticipated to hamper the growth of global Building Information Modelling (BIM) market during the forecast period.

The regional analysis of global Building Information Modelling (BIM) market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region in terms of revenue and market share owing to favorable regulations enforced by the government for the adoption of BIM coupled with increased adoption of cloud-based engineering software in the region. However, Asia-Pacific is expected to exhibit at high growth rate / CAGR over the forecast period of 2019-2026 owing to growing number of construction projects in the region.

Major market player included in this report are:
Autodesk
Nemetschek
Bentley Systems
Trimble
Dassault Systèmes
RIB Software
Asite
Hexagon
Archidata
Aveva

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Software
Services

By Application:
Buildings
Industrial
Civil Infrastructure
Oil & Gas
Others

By End-User:
Architecture/Engineer
Contractor
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Table of Contents

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Building Information Modelling (BIM) Market, by Type, 2017-2026 (USD Billion)
1.2.2. Building Information Modelling (BIM) Market, by Application, 2017-2026 (USD Billion)
1.2.3. Building Information Modelling (BIM) Market, by End-User, 2017-2026 (USD Billion)
1.2.4. Building Information Modelling (BIM) Market, by Region, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Building Information Modelling (BIM) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Building Information Modelling (BIM) Market Dynamics
3.1. Building Information Modelling (BIM) Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Building Information Modelling (BIM) Market Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Building Information Modelling (BIM) Market,

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Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

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