BIM in Construction Market Projected to Reach $7,536.0 Million in 2027

Building Information Modeling or Building Information Management (BIM) is often termed as software or a process of generating 3D models of a building or structure to ensure efficient designing, planning, and construction of the project. BIM software is majorly aimed for architects, engineers, and construction (AEC) users.

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The global BIM in construction market size was valued at $2.5 billion in 2019, and is expected to reach $7.5 billion in 2027, growing at a CAGR of 15.0% from 2020 to 2027.

Use of Building Information Modeling (BIM) has created new opportunities for the construction industry to overcome the drawbacks caused by mismanagement and inadequate planning of projects. BIM has gained major importance in execution of large-scale projects. Further, BIM also offers data transparency within planners, executioners, stakeholders, and project managers to inspect over the construction projects for any short comings and risks.

Key Market Players

Autodesk Inc., AVEVA Group, Bentley Systems, Hexagon AB, NEMETSCHEK, Oracle Corporation, Procore Technologies, Inc., Trimble, Inc., Vectorworks, Inc., and Vizerra SA.

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Key Market Segments

By Phase Of Work

Construction
Operation

By End-User

Engineers
Contractors

By Application

Residential
Non-residential

By Deployment Model

Cloud-based
On-premise

By Region

North America
Europe
Asia-Pacific
LAMEA

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