Exclusive Report on Global Building Information Modeling Market to achieve a market size of $9.54 Billion as it excels

According to the report, The global building information modeling market size was valued at $3.18 billion in 2020 and is expected to reach $9.54 billion by 2028 growing at the CAGR of 14.22% from 2021 to 2028. This growth is attributed to

• Government Regulation
One trend that is developing in the BIM market is the implementation of legislation, which requires companies to implement BIM techniques for both public and private infrastructure. Governments are often trying to meet the needs of their citizens by making sure that they have the high-quality infrastructure to support them with. Well-known legislation adopted by countries such as Singapore and the UAE simply reinforces these trends, thus buoying up the growth of this market.

• The market is hampered by high initial costs and a lack of skilled professionals.

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The recently published research report on Global Building Information Modeling Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Building Information Modeling market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Building Information Modeling market report also includes the following data points:
• COVID19 Impact on Building Information Modeling market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Building Information Modeling market

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Key Players

Some of the major Building Information Modeling players holding high market share include Autodesk, Inc., Asite Solution, Beck Technology Ltd., Bentley Systems, Incorporated. These players use acquisition and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Autodesk, Inc.
• Asite Solution
• Beck Technology Ltd.
• Bentley Systems, Incorporated
• AVEVA Group
• Dassault Systèmes
• Hexagon
• Nemetschek
• Pentagon Solution Ltd.
• Trimble Ltd.

Segmental Analysis
Market Segment By Component with focus on market share, consumption trend, and growth rate of Building Information Modeling Market:
o Solution
o Service

Market Segment By Size with focus on market share, consumption trend, and growth rate of Building Information Modeling Market:
o Preconstruction
o Construction
o Operations

Market Segment By distribution channel with a focus on market share, consumption trend, and growth rate of Building Information Modeling Market:
o Planning & Modelling
o Construction & Design
o Asset Management
o Building System Analysis & Maintenance Scheduling
o Others

Market Segment By distribution channel with a focus on market share, consumption trend, and growth rate of Building Information Modeling Market:
o Architects/Engineers
o Contractors
o Others

Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific
• Rest of the World
o South America
o Middle East & Africa

North America holds a larger share in the market owing to the advanced technology and presence of key market players.

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