Press release
Worldwide Building Information Modelling Market Is Expected To Be Worth US$ 19.97 Billion By 2032
Global Building Information Modeling market study sheds light on the important growth dynamics expected to prevail across the assessment period. (Insert forecast period). The study offers statistics of key segments across prominent geographies, along with a detailed mapping of the global competitive landscape.
The market report tracks the global sales of Building Information Modeling in 20+ high growth markets, along with analysing the impact of COVID-19 has had on information & communication technology (ICT) industry and Building Information Modeling sector in particular.
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How will Sales of Building Information Modeling will foster in 2022 and beyond?
In its latest report, Fact.MR offers an exhaustive overview of the global Building Information Modeling market with focus on key dynamics, including drivers, restraints, opportunities, trends and detailed information about the global Building Information Modeling market structure.
Building Information Modeling market sales across the world will rise with the increasing adoption of wireless technology and penetration of digital media. With the outbreak of COVID-19, companies have become heavily reliant on digital platforms for the survival.
In the post-digital world, digital realities and advanced technologies such as artificial intelligence and internet of thinking & related products/services will be in trend. Technological adoption rate is increasing exponentially, which will bolster the industry growth.
ICT companies. are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.
China's ICT industry will register high growth opportunities, especially as tech companies focus on digital transformation in the field of robotic process automation, data theft security, cloud & edge computing and cybersecurity.
Market players across China are shifting their focus on customer needs by taking a more nuanced approach through new service offering and by adopting various strategies such as product development and innovation.
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The ICT sector across the U.K., France, and Germany will register robust growth during the forecast period owing to the increasing research & development activities for the development of novel technologies. Rising adoption of artificial intelligence and big data science among the ICT service providers will boost the growth.
Advent of 5G wireless technology across India will aid the growth of ICT sector combined with the adoption of edge computing within various end-use sectors such as healthcare, automotive and food & beverage industry. Emergence of e-commerce platforms within the manufacturing companies of diverse end-use sectors will improve the demand over the coming years.
Rise in adoption of autonomous vehicles across South Korea and Japan is improving the adoption of computing technologies for higher connectivity in the automobiles. This trend will strengthen the growth of ICT industry
Key Segments Covered
By Type
Software
Services
By Application
Building
Oil & Gas
Civil Infrastructure
Industrial
By End User
AEC
Contractors
Facility Managers
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Competitive Landscape
The global BIM market is very fragmented, with just a few major participants in building information modelling offering specialized application modules. The following are some of the market's most significant developments:
Autodesk announced the introduction of a new cloud-based AEC in November 2020, with the possibility to integrate the Autodesk Construction Cloud with BIM 360.
In October 2018, Hexagon AB, a global leader in digital technologies, announced the acquisition of Bricsys, a fast-growing CAD (computer-aided design) software developer. The purchase is targeted at the provision of building technology solutions.
Recent Developments in the Building Information Modeling Market:
Google said in June 2020 that it would provide new features to its artificial intelligence-based voice assistant, Google Assistant, across a variety of new devices. The most essential of these functions is voice match, which allows smart speakers to recognise a single user's voice and tailor replies to that individual.
Key Regions Analysed
North America
Latin America
Europe
Asia-Pacific
Middle East & Africa
Key Country-wise Inclusions
US Building Information Modeling Market
Canada Building Information Modeling Sales
Germany Building Information Modeling Production
UK Building Information Modeling Industry
France Building Information Modeling Market
Spain Building Information Modeling Supply-Demand
Italy Building Information Modeling Outlook
Russia & CIS Market Analysis
China Building Information Modeling Market Intelligence
India Building Information Modeling Demand Assessment
Japan Building Information Modeling Supply Assessment
ASEAN Building Information Modeling Market Scenario
Brazil Building Information Modeling Sales Analysis
Mexico Building Information Modeling Sales Intelligence
GCC Building Information Modeling Market Assessment
South Africa Building Information Modeling Market Outlook
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