Building Information Model (BIM) Market Incredible Possibilities, Growth with Industry Study, Detailed Analysis and Forecast To 2029|, Synchro Software Ltd., Pentagon Solutions Ltd., Nemetschek AG

The latest research study released by MIR on the "Building Information Model (BIM) Market" with 100+ pages of analysis on business strategy taken up by emerging industry players, geographical scope, market segments, product landscape and price, and cost structure. It also assists in market segmentation according to the industry's latest and upcoming trends to the bottom-most level, topographical markets, and key advancement from both market and technology-aligned perspectives. Each section of the Building Information Model (BIM) Market business research report is specially prepared to investigate key aspects of the market. This document also entails a detailed analysis of the current applications and comparative analysis with a keen focus on the opportunities and threats and competitive analysis of major companies.

The Building Information Model (BIM) market was valued at USD 8.9 billion in 2023 and is projected to reach USD 15.2 billion by 2029; it is expected to register a CAGR of 14.7% during the forecast period.

Building Information Model (BIM) Market competition by top manufacturers as follow: , Synchro Software Ltd., Pentagon Solutions Ltd., Nemetschek AG, Autodesk Inc., AECOM, GRAITEC, Bentley Systems Inc., Tekla Corporation, Beck Technology Ltd., Dassault Systemes SA, , and other.

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Various factors are responsible for the market's growth trajectory, which are studied at length in the report. In addition, the report lists the restraints that are posing a threat to the global Building Information Model (BIM) market. This report consolidates primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, the threat from new entrants and product substitutes, and the degree of competition prevailing in the market.

Building Information Model (BIM) Market Segmentation:

The Building Information Model (BIM) market is divided by type and by application for the period 2022-2028, the growth between the segments provides correct tricks and forecasts for sales by type and application in terms of volume and value. This analysis can help you grow your business by targeting qualified niche markets.

Global Building Information Model (BIM) Market Split by Product Type and Applications:

Market Segmentation by Type

Software

Service

Market Segmentation by Application:

Buildings

Industrial

Civil Infrastructure

Oil & Gas

Utilities

Others

Driver: Growing use of BIM as it leads to sustainable development
Building Information Modeling (BIM) is considered a significant step toward achieving a more sustainable future for the construction industry. One of the main reasons for this is that BIM can help to reduce waste and optimize resource use throughout the entire lifecycle of a building or infrastructure project. By creating a digital model of the project, BIM enables designers and engineers to identify opportunities for energy efficiency, reduce greenhouse gas emissions, and minimize the environmental impact of construction activities. BIM can also facilitate the use of sustainable materials and construction practices, such as reducing waste, recycling materials, and reducing the carbon footprint of construction processes. Moreover, BIM can improve collaboration and communication between project teams, reducing errors and delays and leading to more efficient and sustainable construction projects. Therefore, BIM is considered an essential tool for achieving sustainable development goals in the construction industry, helping to create a more sustainable and resilient built environment.

Restraint: High initial cost of BIM
Although BIM has huge benefits and cost savings, the initial cost observed is high. Also the cost of training and services is also high. Thus, the high initial cost associated with BIM would restrain the market growth.Challenge: Lack of understanding and awareness of BIM
The slow adoption of BIM is the high cost of implementation. BIM requires significant software, hardware, and training investment, which can be a barrier for small and medium-sized firms. Additionally, the transition from traditional methods of design and construction to BIM can be challenging and time-consuming, requiring changes in workflows and processes.

Furthermore, transitioning from traditional design and construction methods to BIM requires significant changes in workflows and processes, which can be challenging and time-consuming. Additionally, a lack of understanding and awareness of BIM's potential benefits and resistance to change has slowed its adoption. The fragmented nature of the construction industry, with various stakeholders involved in a project, each with its priorities and goals, can also hinder coordination and collaboration among these stakeholders, particularly if they are not using the same BIM software or tools.

Which Countries Data is Covered in the Building Information Model (BIM) Market?

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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Major Points Covered in Table of Contents:

Global Building Information Model (BIM) Market Research Report 2022 - 2029

1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Building Information Model (BIM) market (2023-2029).

2: Exclusive Summary - the basic information of the Global Building Information Model (BIM) Market.

3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Building Information Model (BIM); Post COVID Analysis.

4: Presenting the Global Building Information Model (BIM) Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

5: Displaying the by Type, End User and Region/Country 2017-2023.

6: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2029).

7: Evaluating the leading manufacturers of the Global DevOps Certification Service Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.

Conclusion: The Report provides strong recommendations for new as well as established players for securing a position of strength in the global Building Information Model (BIM) Market.

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Reasons to Purchase the Building Information Model (BIM) Market Report:

-The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period

-Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.

-Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.

-The competitive landscape comprises share of key players, new developments, and strategies in the last six years.

-Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.

Our report offers:

- Market share assessments for the regional and country level segments.

- Market share analysis of the top industry players.

- Strategic recommendations for the new entrants.

- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets.

- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).

- Strategic recommendations in key business segments based on the market estimations.

- Competitive landscaping mapping the key common trends.

- Company profiling with detailed strategies, financials, and recent developments.

- Supply chain trends mapping the latest technological advancements.

We additionally offer customization on reports based on customer necessity:

1-Free Country-level analysis for any 5 countries of your choice.

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