Building Information Modeling (BIM) Market: Global Industry Outlook, Size (US$ 17.9 Billion), Share, Growth (CAGR of 15.9%), Top Companies Analysis and Research Report 2023-2028

According to IMARC Group's latest report, titled "Building Information Modeling (BIM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global building information modeling (BIM) market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.9 Billion by 2028, exhibiting a growth rate (CAGR) of 15.9% during 2023-2028.

Year Considered to Estimate the Market Size:

• Base Year of the Analysis: 2022

• Historical Period: 2017-2022

• Forecast Period: 2023-2028

Market Trends and Drivers:

The rising construction activities in both developed and developing countries and the increasing number of infrastructural projects are among the key factors driving the building information modeling (BIM) market. Apart from this, the shifting preferences from computer-aided design (CAD) systems and paper-based design and modeling toward advanced software that allows users to create a precise and accurate geometric virtual model with all the structures and components involved are acting as significant growth-inducing factors. In addition to this, the growing technological advancements that enable data management at remote servers and inter-coordination among users are further stimulating the global market. Moreover, the implementation of several policies by government bodies across countries aimed at ensuring regularized adoption of BIM is also positively influencing the global market. Besides this, the emerging trend of remote work and the launch of digital collaboration tools that allow designers and structural engineers to handle project management, customer contracts, sales, and other operations remotely are expected to bolster the building information modeling (BIM) market over the forecasted period.

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Building Information Modeling (BIM) Market 2023-2028 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.

Industry Definition and Application:

Building information modeling (BIM) represents specialized software that provides architecture, engineering, and construction (AEC) professionals adequate insights to design, plan, manage, and construct buildings and infrastructure. These solutions facilitate collaboration and the creation of an adequate virtual model of a building and the exchange of data between various project parties. BIM services aid in analyzing the qualitative and quantitative aspects of the construction, such as time requirement, cost estimation, and component procurement. They even help in undertaking multiple operations post-project completion, including maintenance issues and project lifecycle management. As a result, BIM solutions are extensively utilized by architects, contractors, engineers, etc., across the globe.

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

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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.

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