World Building Information Modeling (BIM) Market 2016, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021

The Global Building Information Modeling (BIM) Market would garner a revenue of $11.7 billion by 2022, registering a CAGR of 21.6% during 2016 -2022. The Asia-Pacific region is expected to witness an upsurge in demand owing to the exponentially growing construction industry and supportive government regulations for mandating the use of BIM. Furthermore, BIM is forecast to gain increasing adoption across various sectors such as commercial and infrastructure construction.
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The commercial and infrastructure construction industry have been witnessing increasing demand for automation of technical drawings and database in the recent years. Further, the supportive government regulations pertaining to mandating the use of BIM in commercial projects, booming real estate industry and growing awareness of the benefits of BIM, among architects and contractors, would drive its adoption, globally. In the current scenario, BIM has emerged as an ideal alternative to traditional CAD software, owing to its suitability over a variety of operational issues such as cost management, handling raw data & information and alignment of processes associated with construction projects. Thus, BIM is expected to exhibit an upward growth trend across widespread verticals.
The commercial and infrastructure construction industries would continue to be the leading consumers of BIM in the future, constituting nearly 63% of the global market by 2022. Moreover, the infrastructure industry is expected to grow at the fastest rate during the forecast period.
Cloud-based deployment type dominates the market currently and is expected to grow at the fastest CAGR during the forecast period, owing to its cost effectiveness and easy accessibility. Software segment constituted the majority of market share in 2015 and would continue its dominance over services market during the forecast period.

Key findings of the Building Information Modeling (BIM) Market:

• BIM market is expected to grow at a remarkable rate owing to supportive government regulations mandating the adoption of BIM software for construction projects
• Software segment would continue to dominate the overall market with nearly three-fourth market share by 2022.
• Contractors segment is expected to grow at the fastest CAGR for constructability analysis, logistics purposes and job site planning, among others.
• Cloud based deployment mode is expected to dominate the market throughout the forecast period owing to its cost-effectiveness and easy availability
• BIM software would find widespread applications in commercial and infrastructure construction projects owing to supportive government regulations
The prominent players, offering BIM solutions across the globe include Autodesk, Inc., Nemetschek AG and Bentley Systems, Inc., among others. Market participants focus on the technological advancements in both fields, viz., software and services, that work in combination with each other. These players offer customized solutions to improve their market presence and customer base. For instance, in the year 2015, a leading player in BIM, Autodesk, Inc., announced the launch of Autodesk BIM 360 Docs, which would enable its users to categorize all files available in various formats for effective data management.
Building Information Modeling (BIM), is a digital representation of a construction project, which can be used by architects, engineers and other construction professionals. It helps in planning, designing, constructing, operating and maintaining the diverse physical infrastructure coupled with speedy data exchange among the involved entities. Nowadays, this software tool is becoming exceptionally popular among end users owing to its lucrative advantages such as increased return on investments (ROIs), time and money saving. Rapidly increasing number of construction projects globally, rising awareness of BIM and associated benefits, and the growing demand for automated models in architecture, engineering and construction (AEC) industry, have been facilitating its adoption in construction industry, especially for commercial and infrastructure projects. Moreover, government mandates regarding usage of BIM in building constructions would further boost its adoption worldwide.
Enhanced data communication and coordination among various stakeholders coupled with improved construction productivity provides a leading edge to the BIM users. However, high cost of software and limited number of trained professionals are hindering the market growth to an extent. Technological advancements to manage data at a remote server and improved user inter-coordination enabled effectively by cloud based solutions have created ample opportunities for the market growth. Recently launched mobile applications by market leaders such as Autodesk, Inc. and Bentley Systems, Inc., to provide better access to their services have been widely accepted among customers, owing to their superior advantages over traditional CAD software. BIM encourages development of green buildings through energy simulation and prefabrication techniques with effective data exchange during the development of a project, thereby propelling the market growth.
World Building Information Modeling market is segmented based on solution, software deployment type, end user, vertical and geography. BIM has been increasingly adopted across different verticals encompassing commercial, residential, institutional, industrial and infrastructure. The adoption rate among commercial and infrastructure is growing rapidly owing to mandates in accordance to government regulations. BIM software models are either delivered through cloud or on premise modes to the customers. Cloud-based solutions are gaining increased popularity among customers owing to cost effectiveness and easy access over on premise models. Geographically, BIM market is segmented into North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA). Asia-Pacific would be the fastest growing region owing to the high adoption of BIM in countries such as China, India and Japan. The key players profiled in the report include Beck Technology, Ltd., Autodesk, Inc., Dassault Systemes SA, Trimble Navigation Ltd., Synchro Software Ltd., Pentagon Solutions Ltd., Bentley Systems, Inc., AECOM, Nemetschek AG. and Asite Solutions Limited.KEY BENEFITS:
• The Building Information Modeling marketstudy provides an in-depth analysis of the BIM market with current and future trends to elucidate the imminent investment pockets in the market.
• The Building Information Modeling market report provides information regarding key drivers, restraints and opportunities with their impact analysis.
• Porter’s five forces and SWOT analyses of key market players in the industry have been provided to highlight the growth strategies adopted by them.
• The value chain analysis of the industry signifies the key intermediaries involved and elaborates their roles and value additions at every stage in the value chain.
• The quantitative analysis of the market during the period of 2015‐2022 has been provided to elaborate the market potential.

BUILDING INFORMATION MODELING (BIM) MARKET BY SEGMENTS:

The BIM market is segmented based on solution, software deployment type, end user, vertical and geography.

BIM Market by Solution

• Software
• Service

BIM Software Market by Deployment Type

• On premise
• Cloud-based

BIM Market by End User

• Architect/Engineer
• Contractor
• Others
BIM Market by Vertical

• Commercial
• Residential
• Infrastructure
• Institutional
• Industrial
BIM Market by Geography

• North America
• Europe
• Asia-Pacific
• Latin America, Middle East and Africa (LAMEA)
Key Players

• Beck Technology, Ltd.
• Autodesk, Inc.
• Dassault Systemes SA
• Trimble Navigation Ltd.
• Synchro Software Ltd.
• Pentagon Solutions Ltd.
• Bentley Systems, Inc.
• AECOM
• Nemetschek AG
• Asite Solutions Limited

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