Press release
Construction Software (BIM) Market Analytical Overview and Growth Opportunities by 2032
Construction Software (BIM) Market size was valued at $5,205 million in 2019, and is projected to reach $15,892 million by 2027, registering a CAGR of 15.2% from 2020 to 2027For efficient project life cycle management, real estate corporations, construction companies, and architects, engineers, and contractors (AEC) experts utilise a type of software called building information modelling (BIM). Enhancing project performance and generating better results are the main goals of information modelling software development. BIM enables construction managers to more efficiently interact and obtain data from pertinent disciplines. BIM users gain a competitive edge thanks to improved data coordination and communication among numerous stakeholders as well as increased construction productivity.
Market Definition
Building Information Models (BIM) are digital files that may be downloaded, traded, or networked to assist in making decisions relating to a built asset. It is utilised by private persons, companies, and governmental organisations that plan, build, run, and maintain a variety of physical infrastructures, such as roads, railroads, bridges, etc. BIM software consists of computer-aided design tools that are widely utilised in the building and architectural sectors. These products include tools and libraries that are especially suited for architectural design and construction.
Due to their numerous advantages, including time savings, cost effectiveness, and high return on investment, BIM software solutions are growing in popularity. It also provides a model-based design and management method for the infrastructure and buildings to produce a digital representation of the useful qualities. Multiple team members can collaborate and work simultaneously on the same project thanks to the programme. With the use of BIM software, stakeholders can more easily coordinate the process, and any project participant can upload models, identify conflicts, and quickly address problems. This reduces the amount of manual labour required for each project and lowers the possibility of on-site rework.
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Global Construction Software (BIM) Market: Major Players
Nemetschek
RIB Software
VisiLean
XYZreality
Bentley Systems
Hexagon
Buildots
Autodesk
Trimble
LetsBuild
Global Construction Software (BIM) Market: By Types
Digital Twins
AR / VR
Others
Global Construction Software (BIM) Market: By Applications
AEC Professionals
Consultants and Facility Managers
Others
Global Construction Software (BIM) Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Construction Software (BIM) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Reasons to Purchase this Market Report:
• The competitive environment includes the proportions of important players, recent innovations, and strategy.
• Companies with extensive product offerings, pertinent financial data, recent advancements, SWOT analyses, and player tactics.
• Quantitative, qualitative, value (in USD million), and volume (in units million) data are among the segments and sub-segments.
• The research contains a wealth of data, including market dynamics and opportunities throughout the forecast period.
• Data at the regional, sub-regional, and national levels also provides information on the market's supply and demand dynamics.
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Frequently Asked Questions (FAQ) :
• What is the expected valuation of the global BIM software market?
• What was the size of the global BIM software market in 2018?
• What is the growth rate of the global BIM software market?
• What are major growth enablers of the global BIM software market?
• What is the major challenge facing the global BIM software market?
• Is there demand for BIM?
• Does BIM have future?
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