Press release
Comprehensive Building Information Modeling Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Building Information Modeling
Building Information Modeling Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for building information modeling has seen a fast-paced expansion in the past few years. The market, valued at $7.39 billion in 2024, is projected to rise to $8.55 billion in 2025, registering a compound annual growth rate (CAGR) of 15.7%. Factors contributing to the significant growth during the historic period include the enlargement of building lifecycle management, the establishment of industry standards and certifications, increased efficiency and cost savings, government-driven initiatives and mandates, and the advent of 3D modeling.
Building Information Modeling Market Size Forecast: What's the Projected Valuation by 2029?
Expectations indicate swift expansion in the size of the building information modeling market in the upcoming years. Predictions show it swelling to a worth of $16.05 billion by 2029, boasting a compound annual growth rate (CAGR) of 17.1%. Factors contributing to growth in the forecast period include an upswing in the use of remote collaboration tools, heightened emphasis on building performance analysis, concentration on the development of smart cities and urban areas, increasing demand for facility management integration, and progress in 5D BIM. The future also holds significant trends such as the incorporation of artificial intelligence (AI) and machine learning, the ascension of cloud-based BIM solutions, emphasis on sustainable design and green building methodologies, and the introduction of virtual reality (VR) and augmented reality (AR) in BIM.
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What Are the Drivers Transforming the Building Information Modeling Market?
The anticipated surge in construction activities is predicted to fuel the future growth of the modular construction market. The construction sector involves industrial activities related to the construction, repair, renovation, and maintenance of infrastructures, which falls under trade and manufacturing. These construction processes generate a need for building information modelling to reach a higher level of productivity and to shorten project lifespans through improved communication and coordination. This approach allows the construction industry to expedite the entire project by significantly lessening the workload and time required. For example, as suggested by the US Census Bureau, a US-based governmental organization, in July 2024, the monetary value of construction activity escalated from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Consequently, an accelerated increase in construction is projected to stimulate the growth of the building information modeling (BIM) market.
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What Long-Term Trends Will Define the Future of the Building Information Modeling Market?
The increasing emergence of the Internet of Things (IoT) within the construction sphere is leading to its increased acceptance in the building information modeling (BIM) market. The use of IoT within construction can simplify ordering and modeling procedures, thereby reducing the time taken for ordering. Key players in the sphere of building information modeling are concentrating on the creation of IoT-centric solutions to solidify their market standing. For example, in March 2022, technology firm SIMLAB, based in Poland, melded BIM and IoT smart building technologies within Matterport Digital Twins. This technology allows individuals involved in construction project management to track and assess various significant elements throughout the architectural design phase and investigate construction locales without the necessity of being physically present onsite.
Which Segments in the Building Information Modeling Market Offer the Most Profit Potential?
The building information modelingmarket 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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Which Firms Dominate the Building Information Modeling Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Building Information Modeling Market?
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.
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