Building Information Modeling Market Witnesses Strong Growth on Rising Government Mandates and Smart Construction

The Insight Partners has released its latest market research report titled "Building Information Modeling Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2025-2031." The report highlights strong growth prospects for the Building Information Modeling (BIM) market, fueled by rapid digitalization in the construction sector and increasing government mandates for BIM adoption.

According to the report, the Building Information Modeling market is projected to grow from US$ 8.34 billion in 2023 to US$ 22.49 billion by 2031, registering a CAGR of 13.2% during the forecast period. The growing need to improve construction efficiency, reduce project costs, and enhance sustainability outcomes is expected to remain a key factor shaping market growth.

Market Overview
Building Information Modeling is an intelligent, 3D model-based digital process that enables architecture, engineering, and construction (AEC) professionals to plan, design, construct, and manage buildings and infrastructure more efficiently. BIM creates a shared digital representation of a project's physical and functional characteristics, improving collaboration and decision-making across the entire project lifecycle.

Historically, the AEC industry has faced challenges such as high operational costs, delays, fragmented communication, and design inconsistencies. Advancements in digital technologies and BIM tools have helped overcome these challenges by enabling real-time collaboration, clash detection, accurate cost estimation, and lifecycle asset management. As a result, BIM is increasingly becoming a core component of modern construction workflows.

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Key Market Drivers
Rapid Growth of the Construction Industry
The global construction industry is expanding due to urbanization, population growth, infrastructure modernization, and rising residential and industrial development. BIM solutions help construction companies identify design conflicts early, optimize material usage, and reduce rework, making them essential tools for managing complex projects efficiently.

Government Mandates for BIM Adoption
Several governments worldwide are mandating the use of BIM for public infrastructure projects to improve productivity and cost efficiency. For instance, the UK requires a minimum of Level 2 collaborative BIM for public projects, while Singapore mandates BIM submissions for regulatory approvals. Such initiatives are significantly accelerating BIM adoption across regions.

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Market Segmentation Highlights
• By Type:
The market is segmented into software and services, with the software segment holding the largest share in 2023 due to widespread adoption of BIM design and modeling platforms.

• By Project Life Cycle:
Preconstruction, construction, and operations. The construction segment is expected to grow at the highest CAGR, driven by increased use of BIM for real-time project coordination and execution.

• By Application:
Civil infrastructure, oil & gas, industrial, utilities, and others. The civil infrastructure segment is projected to witness the fastest growth due to large-scale public infrastructure investments.

• By End User:
AEC professionals, contractors, and others, with AEC professionals dominating the market in 2023.

Regional Insights
The Asia Pacific region is expected to register the highest CAGR during the forecast period. Government mandates, rising infrastructure investments, and rapid urban development in countries such as China, India, and Southeast Asia are key contributors to regional growth. North America and Europe continue to hold significant market shares due to early adoption of BIM technologies and strong presence of leading solution providers.

Competitive Landscape
The Building Information Modeling market is highly competitive, with key players focusing on innovation, AI integration, cloud-based BIM platforms, and strategic partnerships. Prominent companies operating in the market include:

• AECOM
• Autodesk, Inc.
• Bentley Systems, Incorporated
• Dassault Systèmes SE
• Trimble Inc.
• Nemetschek SE
• AVEVA Group plc

Recent developments, such as the launch of advanced BIM coordination tools and AI-powered analytics platforms, are further strengthening market competition.

Key Selling Points of the Report
• Comprehensive Market Coverage: In-depth analysis of BIM market size, trends, segmentation, and regional outlook.
• Actionable Strategic Insights: Detailed evaluation of drivers, opportunities, and competitive dynamics to support informed business decisions.

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Contact Us:
Contact Person : Ankit Mathur
Phone : +1-646-491-9876
E-mail : sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials.

This release was published on openPR.