Need For Building Information Modeling Software Rises As Construction Projects Increase Globally

The global market for building information modeling (BIM) software is projected to register a strong CAGR of over 17.0% from 2016 to 2020, states a report recently added to the vast repository of MarketResearchReports.biz. This report is titled “Global Building Information Modeling Software Market 2016-2020”. The 60-page research publication is designed to offer sharp and actionable insights on the present and future status of the building information modeling software market. It presents a comparative study of the key regional markets and discusses the key dynamics at play. The prominent drivers, challenges, and trends have been identifies and analyzed to allow clients to formulate strategic decisions.

One of the primary factors driving the adoption of building information modeling software is the need to minimize the time taken for the completion of construction projects. These projects are not only time bound but also have budgetary constraints and any delay in completing them could prove to be rather expensive for the parties involved. By implementing BIM software, companies can save time, gain efficiency, improve productivity, and reduce reliance on paperwork.

The report on the global market for building information modeling software covers three key regional segments: Asia Pacific, the Americas, and Europe, the Middle East, and Africa. The Americas has emerged as the fastest growing market for BIM software and is likely to retain its pace over the coming years. The growth in this market can be attributed to the surge in the construction of buildings and organizations across the region. The increasing awareness about the benefits of building information modeling software has also spurred its adoption in countries such as Canada. Country-wise mandates by various governments have been highlighted in the report and their impact on the development of domestic BIM software markets has been analyzed.

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NEMETSCHEK, Trimble, AVEVA, Autodesk, Bentley Systems, and Hexagon are some of the dominant players competing in the global market for building information modeling software. Other players also contributing toward the growth of this market are CYPE Ingenieros, Viewpoint Systems, HSS Group, Newforma, Pinnacle Infotech, 4M, and Dassault Systèmes. The leading companies have been profiled in the report and a detailed assessment of their performance in the BIM software market has been included, taking into account key aspects such as revenue, geographical presence, financial statements, brand portfolio, product classification, and product overview. The companies have also been analyzed based on their individual strengths and weaknesses. This gives readers a better understanding of the competitive landscape and allows them to make fruitful and strategic decisions for the expansion of their business.

The key focus of most players in the building information modeling software market is on offering consumers engaging and innovative design services and software solutions. For those using desktop computers, vendors are also developing software that is compatible with personal computers. Another leading strategy adopted by companies in the BIM software market is mergers and acquisitions, which enables them to not only expand their presence but also help retain their position in the competitive market.

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