Building Information Modeling Market Trends, Size, Growth, Opportunity and Industry Analysis 2023-2028

The latest report published by IMARC Group, titled "Building Information Modeling (BIM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

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 awareness regarding the advantages of BIM, such as efficiency, productivity, quality, infrastructure value, and sustainability, is one of the key factors driving the market growth. In line with this, the rapidly expanding construction sector and the increasing popularity of the internet of things (IoT) platforms are contributing to the market growth. Additionally, rapid technological advancements that facilitate data management at remote servers and inter-harmonization between users, supported by stringent government regulations regarding the use of BIM, are creating a positive outlook for the market. Other factors, such as the growing global population, the burgeoning number of infrastructure projects, and the rising consumer expenditure power, are positively supporting the market growth.

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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.

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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Industry Definition and Application:

Building information modeling (BIM) is a comprehensive approach to managing and creating information for built assets. It allows architecture, engineering, and construction (AEC) professionals to work collectively and create a virtual representation of a building that integrates multi-disciplinary and structured data. BIM provides a digital replica of assets throughout their lifecycle, from design and planning to construction and operations, using an intelligent model. This approach enables better post-project operations, such as project lifecycle management and maintenance, and helps analyze the qualitative and quantitative aspects of construction, including cost estimation, component procurement, and time requirements.

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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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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This release was published on openPR.