Building Information Modeling (BIM) Market Report, Global Size, Share, Growth and Industry Trends 2022-2027

The latest report published by IMARC Group, titled "Building Information Modeling (BIM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the building information modeling market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global building information modeling market size reached US$ 6.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.4Billion by 2027, exhibiting at a CAGR of 15.63% during 2022-2027.

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Industry Overview and Application:

Building information modeling (BIM) represents a technique that gives architecture, engineering, and construction (AEC) experts adequate insights to design, plan, construct and manage infrastructures. It enables them to create and collaborate on an accurate virtual model and exchange data among various project parties. BIM aids in analyzing the quantitative and qualitative aspects of the construction, such as time requirement, cost estimation, and component procurement. It also assists in undertaking operations post-project completion, including maintenance issues and task lifecycle management. As a result, BIM finds widespread applications in residential, commercial, and industrial sectors.

Market Trends and Drivers:

The rising construction activities and infrastructural projects, on account of the increasing urbanization levels and the growing population, are primarily driving the building information modeling (BIM) market. Besides this, the escalating demand for this technique, owing to its several advantages over other existing tools, such as paper-based design and CAD systems that facilitate users to create a precise and accurate geometric virtual model with all the components and structures, is further augmenting the market growth. Moreover, the integration of the internet of things (IoT) and the implementation of strict regulations by the government bodies towards the usage of BIM solutions are also catalyzing the global market. Apart from this, the elevating technological advancements that enable data management at remote servers and inter-coordination between users are expected to bolster the building information modeling (BIM) market in the coming years.

Building Information Modeling (BIM) Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the building information modeling market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• ABB Ltd.
• AECOM
• Autodesk Inc.
• Aveva Group Plc (Schneider Electric)
• Beck Technology Ltd.
• Bentley Systems Incorporated
• Dassault Systèmes SE
• Hexagon AB
• Nemetschek SE
• Trimble Inc.

Key Market Segmentation:

The report has segmented the global building information modeling market based on offering type, deployment mode, application, end use sector, end user and region.

Breakup by Offering Type:

• Software
• Services

Breakup by Deployment Mode:

• On-premises
• Cloud-based

Breakup by Application:

• Preconstruction
• Construction
• Operations

Breakup by End Use Sector:

• Commercial
• Residential
• Industrial

Breakup by End User:

• Architects and Engineers
• Contractors and Developers
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2377&flag=C

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.