Building Information Modeling (BIM) Market 2021 Insights and Precise Outlook -Nemetschek, Autodesk Inc., Bentley Systems Incorporation

“Global Building Information Modeling (BIM) Market: Size & Forecast with Impact Analysis of COVID-19 (2019-2023)” research study is segmented on the basis of applications, technology, geography and types. The report provides a detailed Building Information Modeling (BIM) Industry Overview along with the analysis of industry’s gross margin, cost structure, consumption value, and sale price. The leading companies of the Building Information Modeling (BIM) Market, manufacturers, and distributors are profiled in the report along with the latest Industry development current and future trends.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Company Coverage

Nemetschek
Autodesk Inc.
Bentley Systems Incorporation
Trimble Navigation Limited

Regional Coverage

America
Europe
Asia Pacific

Executive Summary

Building Information Modeling (BIM) refers to virtual or digital representation of a building or a non-building, embedded in it, its physical and functional characteristics. In other terms, BIM is a software technology, which has made 3D, 4D and 5D virtual view of a building before it actually goes on the ground. The elements of the virtual building are the digital prototype of the physical building elements such as walls, columns, windows, doors, stairs, etc. Any aspect of design performance can be simulated and assessed before it is built; thus enabling modifications in the design, making it clearly understandable. The computer generated models need precise geometry and data to support the construction, fabrication and procurement activities through which building is realized. BIM models are accessible through mobile/PCs/smartphones.

BIM is used for 3D coordination, prefabrication, record models, etc. The BIM enables collaboration among owners and design firms, reduction of rework, cost and errors, reduces the project duration and faster client approval on designs. BIM can be segmented by end user, deployment and verticals which can further be classified respectively. There are a plenty of BIM modeling tools, such as BIM authoring tools, BIM tools for shop drawing and fabrication and BIM construction management and scheduling tools.

The global BIM market has increased over the years and is expected to grow significantly during the years 2019-2023. The global BIM market is expected to increase due to rising expenditure and investment in construction industry both residential and non-residential, increasing digitization in construction sector, growing IT investment in construction and increasing governmental adoption of BIM by several nations. Yet the market faces some challenges, such as lack of definite regulation, lack of expertise in BIM and high costs, resistance to change on part of construction managers/contractors, social obstacles and problems of interoperability.

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This report on Global Building Information Modeling (BIM) market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Building Information Modeling (BIM). Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Building Information Modeling (BIM) Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Building Information Modeling (BIM) Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

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