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Building Information Modeling Market 2023 - Growth Prospects, Competitive Landscape, Business Scenario, Industry Demand And Outlook by 2032
Building Information Modeling Market
Building Information Modeling Market Size, Growth Rate, And Forecast
The global building information modeling market is expected to grow from $ 6.89 billion in 2022 to $8.12 billion in 2023 at a compound annual growth rate (CAGR) of 17.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The building information modeling market is expected to reach $14.89 billion in 2027 at a CAGR of 16.3%.
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Building Information Modeling Market Drivers
The rapid rise in construction is expected to propel the modular construction market going forward. The construction industry is the industrial branch of trade and manufacturing concerned with constructing, repairing, renovating, and maintaining infrastructures. The construction activities create a demand for building information modelling to achieve higher productivity and shorter project lifecycles through increased communication and coordination.
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Building Information Modeling Market Segments
• By Deployment Type: On Premises Deployment, Cloud Deployment
• By Project Lifecycle: Preconstruction, Construction, Operation
• By Component: Software, Services
• By Application: Planning and Modelling, Construction And Design, Assest Management, Building System Analysis And Maintenance Scheduling, Other Applications
• By End User: Architects/Engineers, Contractors, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Building Information Modeling market.
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Building Information Modeling Market Key Players
Major competitors in the Building Information Modeling market include Autodesk, Nemetschek, Bentley Systems, Trimble, Pentagon Solutions, ASITE, AVEVA Group plc, Hexagon AB, ACCA Software Inc.
The Business Research Company's "Global Building Information Modeling Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Building Information Modeling Market Include:
1. Executive Summary
2. Building Information Modeling Market Characteristics
3. Building Information Modeling Market Trends And Strategies
4. Building Information Modeling Market - Macro Economic Scenario
5. Building Information Modeling Market Size And Growth
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26. Africa Building Information Modeling Market
27. Building Information Modeling Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Building Information Modeling Market
29. Building Information Modeling Market Future Outlook and Potential Analysis
30. Appendix
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