Building Information Modelling Market Demand During 2021-2029 | Autodesk(the U.S.), Nemetschek (Germany), Bentley Systems(the U.S.)

The global Building Information Modelling is expected to grow from USD 3.8 Billion in the year 2019 to USD 9.8 Billion in the year 2027 Billion at a compound annual growth rate (CAGR) of 11% in the forecast period. The global Building Information Modelling (BIM) is used in the construction sector to generate 3D structures and manage data throughout the lifecycle.

Further, the growing utilization of Augmented Reality and Virtual Reality technologies, IoT to design green buildings has fostered the growth of the Building Information Modelling market. However, the high cost of investment and the slower adoption of technology in the construction sector has hampered the growth of the market.

Growing migration into urban areas and growing Foreign Direct Investment (FDI) in the engineering and construction sectors of emerging economies, such as India and Brazil, are pushing the demand to cater to the increasing amount of population. The world's population will grow to 8.1 billion by 2025 and cross ~10 billion by 2050 according to the UN. Further, the graph below shows FDI by area. The emerging economies have seen a 6% rise in the FDI, while developed nations have seen a significant decline.

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The Major Players Covered in this Report: Autodesk(the U.S.), Nemetschek (Germany), Bentley Systems(the U.S.), Trimble(the U.S.), DassaultSystèmes (France), Rib Software (Germany), Asite (the U.K.), Aveva (the U.K.), Hexagon (Sweden), Archidata (Canada), Acca Software (Italy), Arcadiasoft(the U.S.), Procore Technologies(the U.S.), Concora(the U.S.), Pöyry (Finland), Beck Technology(the U.S.), Computers and Structures(the U.S.), Robert McNeel& Associates(the U.S.), 4M Company (the U.S.), and CCT International (Canada), & More...

By Offering
Software
Services

By Type
Plug-In
Standalone

By Application
Architectural and Product Visualization
High-End Video Games
Marketing and Advertisement
Training Simulation

By Deployment Type
On-Premises
Cloud-Based

By End-User
Architecture, Building, and Construction
Media and Entertainment
Design and Engineering
Healthcare and Life Sciences
Academi

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Building Information Modelling in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Building Information Modelling market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Building Information Modelling and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Building Information Modelling. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Highlights:
The global Building Information Modelling is expected to grow from USD 3.8 Billion in the year 2019to USD 9.8 Billion in the year 2029 Billion at a compound annual growth rate (CAGR) of 11% in the forecast period.

The lockdown has ebbed the utilization of Building Information Modelling software owing to the temporary stoppage of all the construction projects.

North America dominates the Building Information Modelling Platform Market on account of the presence of advanced infrastructure, increasing adoption of cloud services, and the presence of major key players

The Asia Pacific to exhibit the fastest growth the Building Information Modelling Platform Market due to the increasing foreign direct investments, favouring government regulations, the increased investments in the construction and real estate sector.

The software segment caters to the highest markets share among the different offering in the Building Information Modelling Platform Market

The preconstruction segment caters to the highest markets share among the different project life cycle in the Building Information Modelling Platform Market

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