Building Information Modeling (BIM) Extraction Software Market
Building Information Modeling (BIM) Extraction Software Market (Software Deployment – On Premise Software, Cloud-based Software; End Use Industry – Water and Wastewater, Rail Transit and Aviation, Energy Generation Facilities, Roads, Bridges, Highways, Houses and Apartments, Factories and Warehouses, Educational Institutes and Commercial Spaces, Government Buildings, Dams and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
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Building Information Modeling (BIM) Extraction Software Market - Snapshot
Globally, governments across regions have been formulating policies driving phased transition to digitalization in construction sector, especially when it comes to building designs. The market for BIM software and services is forecast to see consistent growth with many countries at different stages of rolling out favorable digital policies, subsequently boosting the demand. While countries such as Germany, Japan, Canada, China, Netherlands, Spain, and Portugal have plans for rolling our BIM programs, countries such as Belgium, Switzerland, Italy, Brazil, Czech Republic, and New Zealand are already recording rise in the adoption. Markets of UK, The U.S., Korea, Hong Kong, Singapore, Russia, and Finland among few others already have BIM policies in place, supporting the current growth, while major South American countries such as Peru, Mexico, and Chile have expressed interest in implementing similar mandates locally in the near future.
BIM brings opportunities to countries that are expected to invest in developing new technological features in the construction field. Apart from 3D visualization, BIM also offers 4D and 5D frameworks, which comprises cost and project duration as well. The other features of BIM include representation of geographic information and properties of building components, especially in the field of architecture, engineering, and construction (AEC). It is anticipated that various industries are developing one standardized BIM model for the integration of different types of modeling systems in order to coordinate and communicate within the design-construction-operation team under one single platform.
Key drivers of the market are the demand for feasible architectural and engineering solutions, increase in BIM implementation by companies across industries, and technological advancements in the construction industry. There has been a significant need for technological solutions for architects and engineers in the construction industry in order to design and plan effective and efficient models. Thus, building information modeling technology plays a vital role in developments within the architectural, engineering, and construction (AEC) industry. BIM extraction software provides sustainability for construction management for utilities, road construction, and scheduling and property management. Rising awareness regarding worldwide technological change has prompted project managers and designers to emphasize on the importance of efficient performance in the construction sector. Governments across various countries are investing in BIM technology due to the flourishing impact of the software on the markets. Another key driver for the adoption of BIM extraction software by clients and industries is the advantages that are shared by the client and the entire supply chain, which has a high impact on the development of commercial buildings. Utilization of BIM increases the collaboration within project teams, which proves to be impactful for enhanced profitability, better time management, reduced project cost, and improved customer/ client relationships. A major restraint of the market is the method employed for the integration of BIM technology by designers during the designing process. The market offers growth opportunities for SMEs of the construction industry in order to have long-lasting results in terms of revenue and productivity.
The BIM extraction software market can be segmented based on software, end-use, and region. In terms of software, the market can be classified into on-premise and cloud based software. Architects, engineers, and contractors are emphasizing on the usage of cloud-based BIM extraction software due to enhanced interaction & communication capabilities offered by these solutions across the BIM cycle. Based on end-use, the market can be segregated into water and wastewater, rail and transit, energy generation facilities, houses and apartments, factories and warehouses, educational institutes and commercial spaces, government buildings, dams, and others. In terms of region, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is estimated to hold a significant share of the market due to strong adoption and penetration of BIM in construction and designing as well as the presence of prominent BIM extraction software vendors across the region. Europe and Asia Pacific are emerging markets for BIM extraction software.
Key vendors operating in the global BIM extraction software market include Autodesk, Inc., AVEVA Group plc, Bentley Systems, Inc., FARO Technologies, Inc., Tekla Corporation, Safe Software, Inc., Vectorworks, Inc., Microsoft Corporation, Synchro Software, Nemetschek Group, PointCab GmbH, Gexcel srl, Assemble Systems, SierraSoft, Innovaya, ClearEdge3D, Inc., Leica, Geo-Plus, Technodigit SARL, and Trimble, Inc.
Rising Trend of Collaborative Construction Lifecycles to Boost Building Information Modeling (BIM) Extraction Software Market
Rapid advancements in innovations have driven the development business toward digitization. There has been a critical requirement for innovative answers for planners and specialists in the development business to plan and plan compelling and productive models. This is probably going to spur solid interest for BIM extraction software soon. Additionally, governments across nations, for example, Australia, the U.S., Finland, Denmark, Germany, and Singapore are zeroing in on upgrading innovative parts of the development business. Also, governments are ordering BIM execution in open framework advancements. Public offices just as privately owned businesses are additionally stressing on carrying out BIM across development exercises predominantly because of the advantages offered by BIM arrangements. A portion of these advantages incorporate upgraded project measure result, decreased undertaking cost, diminished revise, and diminished task span among other inner, venture, and cycle benefits offered by BIM.
A few organizations functioning in the building and construction sector are accentuating on improved coordinated effort and combination across different development lifecycles just as among planners, architects, project workers, and proprietors are prompting expanding reception of BIM extraction software.
Developing foundation improvements and interests in moderate lodging and multi-family or multi-staying assignments worldwide is probably going to add to the income development of the BIM extraction software market during the estimate time frame. Likewise, a few development organizations accentuating on improved joint effort and reconciliation across different development lifecycles just as among planners, designers, project workers, and proprietors are prompting expanding selection of BIM extraction software. Moreover, governments in various nations are commanding BIM execution which is additionally expected to emphatically influence the BIM extraction software market. Streets, extensions and interstates portion is relied upon to hold the second biggest offer in the worldwide BIM extraction software market.
Building Information Modeling (BIM) Extraction Software Market: Overview
The BIM extraction software market report provides analysis for the period 2016 – 2026, wherein the period from 2018 to 2026 is the forecast and 2017 is the base year. The report covers all the major trends and technologies playing an influential role in the market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the said period. The study provides a complete perspective on the global BIM extraction software market’s evolution throughout the above mentioned forecast period in terms of revenue (US$ Mn).
The market overview section of the report demonstrates market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future status of this market, macro-economic factors, regulations and policies, BIM lifecycle, ecosystem analysis, Porter’s Five Force Analysis, and PESTEL analysis of the market. Further, macro-economic factors included in the report provide key regional socio-political-technological developments and their impact considerations. A market attractiveness analysis has been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the BIM extraction software market. The report also provides an overview of various strategies adopted by the key players present in the market.
Global Building Information Modeling (BIM) Extraction Software Market: Scope of the Report
The report segments the market on the basis of components which are software deployment (on premise software, cloud-based software). On the basis of end use industry, the market is segmented into water and wastewater, rail transit and aviation, energy generation facilities, roads, bridges, and highways, houses and apartments, factories and warehouses, educational institutes and commercial spaces, government buildings, dams and others. The report provides in-depth segment analysis of the global BIM extraction software market, thereby providing valuable insights at the macro as well as micro levels. Additionally, the report comprises a competitive scenario and trends in which the BIM extraction software market concentration rate, mergers & acquisitions, and expansions undertaken by companies are provided.
The report also highlights the competitive landscape of the global BIM extraction software market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the BIM extraction software market. The comprehensive BIM extraction software market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic and technological factors along with the current market dynamics affecting the BIM extraction software market growth.
This report provides all the essential information required to understand the key developments in the BIM extraction software market, and growth trends of each segment and region. It also includes basic overview, sales area/geographical presence, revenue, SWOT analysis, and strategy and developments under the company profile section. Also, the report provides insights related to trends and their impact on the market. Furthermore, Porter’s Five Forces analysis explains the five forces namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the BIM extraction software market. This report also provides a comprehensive ecosystem analysis of the BIM extraction software market. It explains the various participants including BIM software vendors and BIM extraction software vendors within the ecosystem of the market.
Global Building Information Modeling (BIM) Extraction Software Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, construction projects by region & end use industry, and industry white papers are referred.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the BIM extraction software market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer first-hand information on important factors such as market trends, market size, competitive landscape, growth trends and outlook etc. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.
Global Building Information Modeling (BIM) Extraction Software Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global BIM extraction software market. Some of the key players profiled in the market include Autodesk, Inc., AVEVA Group plc, Bentley Systems, Inc., FARO Technologies, Inc., Tekla Corporation, Safe Software, Inc., Vectorworks, Inc., Microsoft Corporation, Synchro Software, Nemetschek Group, PointCab GmbH, Gexcel srl, Assemble Systems, SierraSoft, Innovaya, ClearEdge3D, Inc., Leica, Geo-Plus, Technodigit SARL, and Trimble, Inc.
The global building information modeling (BIM) extraction software market is segmented as below:
Global Building Information Modeling (BIM) Extraction Software Market, by Software Deployment
- On Premise Software
- Cloud-based Software
Global Building Information Modeling (BIM) Extraction Software Market, by End Use Industry
- Water and Wastewater
- Rail Transit and Aviation
- Energy Generation Facilities
- Roads, Bridges, and Highways
- Houses and Apartments
- Factories and Warehouses
- Educational Institutes and Commercial Spaces
- Government Buildings
- Dams and Others
Global Building Information Modeling (BIM) Extraction Software Market, by Geography
- North America
- The U.S.
- Rest of North America
- The U.K
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America