Building Information Modelling (BIM) Market Size Was Valued At USD 6.08 Billion In 2022 And Is Projected To Reach USD 17.69 Billion By 2030, Growing At A CAGR Of 12.60% From 2023 To 2030

Building Information Modelling (BIM) Market size was valued at USD 6.08 Billion in 2022 and is projected to reach USD 17.69 Billion by 2030, growing at a CAGR of 12.60% from 2023 to 2030.

Due to the expansion in urbanization and industrialization, which necessitates the creation of large-scale structures and projects like the construction of dams, roads, and tunnels, both the public and private sectors have seen significant increases in investment. The advantages that BIM offers to the Architecture, Engineering, and Construction (AEC) industry, such as effective collaboration and mode-based cost prediction, are driving BIM adoption and driving the market's expansion. The market is comprehensively evaluated in the study on the global building information modelling (BIM) industry. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

Market Overview:

According to UN estimates, the world's population will reach 8.1 billion by 2025 and 10 billion by 2050. To accommodate such a sizable population, the AEC industry must provide innovative solutions for creating infrastructure for the future. As populations and economies grow, there will be a greater need for housing and infrastructure, which will fuel expansion in the global construction industry. With more building taking place, more efficient working techniques will be needed. Building project managers, designers, and planners in the construction business may all work more efficiently with BIM. As a result, the 3D model-based BIM method of carrying out building projects is growing in acceptance all around the world.

BIM is creating a global framework that might give the sector a useful direction and a set of guidelines to follow as it gains in acceptance. BIM has several benefits and can reduce costs, but it requires a substantial upfront investment. The price of Autodesk's Revit, for instance, ranges from $3,500 to $4,500. In addition to the program's cost, services and training are also pricey. The high initial cost of BIM would consequently prevent the market from growing. BIM software is additionally promoted by some vendors by being given away for free or at a deeply discounted rate to students for educational uses. BIM software systems are expensive and require substantial training.

The BIM market has been divided into BIM software and BIM services based on component. The market's highest market share belongs to BIM software. A BIM software is a 3D design and modelling programme that aids the user in streamlining design tasks for building, civil, architectural, plant, and MEP projects. Construction management, designing software, cost calculation & scheduling, operation & maintenance, and other categories are further subdivided into the BIM software. Professional services and managed services are other divisions of BIM services. This approach to documentation and design can be used for a variety of tasks.

Major Factors:

The collaboration enabled by building information modelling (BIM), which is not achievable with conventional 2D drawings, is a major factor in the market's revenue growth. Cloud-based solutions make it simple to collaborate across a range of engineering disciplines, regardless of geography. By displaying how an asset will look and work, BIM design prototype can help speed up the approval process.

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Segmentations:

Global Building Information Modelling (BIM) Market: Major Players
AVEVA
Siemens
Hongye Technology
Dassault Systemes S.A.
Lubansoft
Aconex
Bentley Systems
RIB Software AG
Inovaya
Autodesk
Beck Technology
Nemetschek AG
Beijing Explorer Software
IES
Synchro
Cadsoft Corporation
Trimble Navigation

Global Building Information Modelling (BIM) Market: Types
Software
Services

Global Building Information Modelling (BIM) Market: Applications
Buildings
Civil Infrastructure
Industrial
Oil & Gas

Global Building Information Modelling (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 Building Information Modelling (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.

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Lower building and project management costs, more productivity, simpler project information finding, efficient planning coordination, and better viewing are all advantages of BIM. Utilizing prefabrication and modular construction, which can increase efficiency and reduce waste while lowering labour and material costs, BIM can be utilized to develop manufacturing production designs. Cost estimations can be automated because all building systems are geometrically and technically represented in BIM files when combined with pricing data. All of these elements are anticipated to increase the global market's revenue growth.

This report examines all the key factors influencing growth of global Building Information Modelling (BIM) market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Building Information Modelling (BIM) market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

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