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Global Building Information Modeling Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Building Information Modeling
How Big Is the Building Information Modeling Market Size Expected to Be by 2034?
The rapid expansion of the building information modeling market size has been witnessed in recent years. The market, which is set to rise from $7.39 billion in 2024 to $8.59 billion in 2025, boasts a compound annual growth rate (CAGR) of 16.3%. Factors such as the growth in building lifecycle management, the establishment of industry standards and certifications, efficiency and cost reduction, government initiatives and mandates, along with the emerging prevalence of 3d modeling, all contribute to the historical growth period.
In the upcoming years, the building information modeling market is projected to undergo swift expansion and is estimated to reach a valuation of $16.43 billion by 2029, growing at a compound annual growth rate (CAGR) of 17.6%. This surge during the forecast timeframe can be ascribed to the increasing usage of remote collaboration tools, emphasis on analyzing building performance, focusing on urban development and smart cities, escalating demand for facility management integration, and strides in 5D BIM. The forecast period also underscores significant trends such as the incorporation of artificial intelligence (AI) and machine learning, the emergence of cloud-based BIM solutions, a focus on sustainable designing and green building practices, and the broadening application of virtual reality (VR) and augmented reality (AR) in BIM.
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What Are the Emerging Segments Within the Building Information Modeling Market?
The building information modeling market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment Type: On Premises Deployment, Cloud Deployment
3) By Project Lifecycle: Preconstruction, Construction, Operation
4) By Application: Planning And Modelling, Construction And Design, Asset Management, Building System Analysis And Maintenance Scheduling, Other Applications
5) By End User: Architects Or Engineers, Contractors, Other End Users
Subsegments:
1) By Software: 3D Modeling Software, BIM Management Software, Visualization Software
2) By Services: Consulting Services, Implementation Services, Training And Support Services
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What Long-Term Drivers Are Shaping Building Information Modeling Market Trends?
Future growth of the modular construction market is predicted to be fuelled by the rapid acceleration in construction. The construction sector forms a part of the broader industrial, trade, and manufacturing fraternity and is involved in the construction, repair, renovation, and upkeep of infrastructure. Efficiency and productivity in the construction sector are being enhanced through demand for building information modelling, which also shortens project timelines through improved communication and coordination. This makes it possible for the construction field to expedite projects by markedly reducing the work and time required. For example, the US Census Bureau, a government agency in the United States, reported in July 2024 that the worth of construction works stepped up from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. As such, the anticipated quickening pace in construction is likely to spur the expansion of the building information modeling (BIM) market.
Who Are the Top Competitors in Key Building Information Modeling Market Segments?
Major companies operating in the building information modeling market are Autodesk, The Nemetschek Group, Bentley Systems Incorporated, Trimble Navigation Limited, Pentagon Solutions, Asite Solutions, AVEVA Group PLC, Hexagon AB, ACCA Software Inc., Vector Networks Inc., Revit Modelling India, Pinnacle Infotech, Planon Group, LOD Planner Inc., Cadsoft Corp., Archidata Inc., Tekla Corporation, Dassault Systèmes, Graphisoft SE, Procore Technologies Inc., Bluebeam Inc., Synchro Software Ltd., Architecture Engineering Construction Operations and Management, Mott MacDonald Group, PTC Inc., Siemens Digital Industries Software, Corecon Technologies Inc., Newforma Inc., BIMobject AB, FARO Technologies Inc., Hilti Group, ClearEdge3D Inc., PlanGrid, Solibri Inc., ALLPLAN, RIB Software SE, BuildingConnected, Pointfuse Ltd.
What Building Information Modeling Market Trends Are Gaining Traction Across Different Segments?
The increasing uptake of IoT (Internet of Things) in the construction industry is becoming a notable feature in the building information modeling (BIM) market. Implementing IoT in construction can simplify the ordering and modeling processes, reducing the time needed for these tasks. Key entities in the building information modeling field are focusing on creating IoT-driven solutions to solidify their market position. For example, in March 2022, SIMLAB, a tech firm based in Poland, integrated BIM and IoT smart building solutions into their Matterport Digital Twins technology. This technology allows professionals managing construction projects to effectively observe and monitor relevant points during the architectural design stage and to scrutinize construction sites without the necessity of being physically present.
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Which Regions Are Becoming Hubs for Building Information Modeling Market Innovation?
North America was the largest region in the building information modeling market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the building information modeling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Building Information Modeling Market?
2. What is the CAGR expected in the Building Information Modeling Market?
3. What Are the Key Innovations Transforming the Building Information Modeling Industry?
4. Which Region Is Leading the Building Information Modeling Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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