Key Trends Impacting Global Building Information Modelling Market

The market for building information modelling (BIM) is expected to show steady growth in regions boasting easy access to the latest technologies and high strategic planning in the field of data management. Countries such as Australia, Canada, New Zealand, France, Japan, South Korea, Brazil, the U.K., and the U.S., thus exhibit a high uptake of the BIM software. Most of these countries have started adopting BIM solutions to boost infrastructural development. While the high initial cost incurred on these solutions emerges as a major drawback, with the advent of cloud-based software, the BIM market is forecasted to witness widespread deployment.  

Since on-premise software is expensive and requires frequent upgrades, their adoption among SME owners is very less. However, as per Transparency Market Research (TMR), this problem can be mitigated by opting for professional consultancy services. Therefore with functionalization of professional consultancy services for BIM, its deployment across SME construction companies will become more relevant.

In view with the aforementioned future developments, TMR projects the global BIM market to surge at a CAGR of 19.1% between 2015 and 2022. The market is expected to reach US$11.5 bn by 2022, from a valuation of US$2.7 bn in 2014.

Being Early Adopter of Latest Technologies, North America to Emerge Dominant in Global BIM Market

Regionally, North America and Asia Pacific have been exhibiting surging demand for BIM solutions. Among these regions, North America emerged dominant in the market with a share of over 33% in 2014. The impressive adoption of cloud-based engineering software will boost demand for the BIM software in North America, thus sealing its position as the dominant regional market through the forecast period. Furthermore, the robust construction industry and the region being an early adopter of the latest technologies, will fuel demand from BIM market in North America.

TMR pegs the North America BIM market at US$919.2 mn in 2014. By the end 2022, the market is expected to reach US$4.05 bn.

Growth witnessed by the market in Europe has also been commendable. The region held the second largest share in the global BIM market in 2014. The increasing adoption of BIM solutions by local government construction clients have been fuelling their demand in Europe. However, TMR forecasts the Asia Pacific market for BIM  to exhibit the fastest CAGR of 21.2% during the course of the forecast period. The rapid expansion of the construction, engineering, and architecture industry across countries such as India, Japan, and China will boost prospects for BIM sales across Asia Pacific.

High Infrastructural Investment to Boost Deployment of BIM for Bridges, Roads, and Highways Construction

Based on end-users, contractors, architects, engineers, and developer constitute the key segments in the global BIM market. Of these, the architects segment emerged dominant in the market with a share of approximately 38% in 2014. TMR also expected the adoption of BIM among contractors to surge considerably in the forthcoming years. However, due to the rapidly increasing number of upcoming construction projects, the architect segments will continue to lead the market through the forecast period.

By end-use, the BIM deployment is expected to increase segments such as dam, bridges, education institutes, roads and highways, energy generation facilities, government buildings, houses and apartments, rail transit and aviation, factories and warehouses, and others. Of these, the roads and highways and rail transit and aviation segments to demonstrate highest deployment of BIM solutions. The rising investment in infrastructural development, especially across emerging nations, will boost deployment of BIM in the construction of roads, highways, and bridges.

Some of the leading players operating in the global BIM market include Pentagon Solutions Ltd., Beck Technology Ltd., Dassault Systemes SA, Tekla Corporation, Synchro Software Ltd., Bentley Systems Inc., Autodesk Inc., Nemetschek AG, AECOM, and GRAITEC.

Building information modeling (BIM) is a 3D visual presentation of a technical drawing that includes the plan, elevation, and section of a building. It is a kind of digital fabrication system in which the actual model of the building is digitally constructed with accurate values. Apart from 3D visualization, BIM also covers 4D and 5D, which comprise the time and cost plans, respectively. Among the other features that make BIM a prominent tool in the field of architecture, engineering, and construction (AEC) are geographic information, light analysis, lean construction, and the quantities and properties of building components. It gives architects, engineers, and contractors a brief visualization or an overview of the building, and makes it easier to implement and convey the information more precisely. The BIM tool is considered to be one of the game-changing elements in the AEC industry.

This research report provides in-depth analysis of the global BIM market based on solutions, end-users, end-use industries, and geography. In terms of geographical regions, the report segments the global BIM market into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, which are analyzed in terms of revenue generation. North America is further segmented into the U.S. and Rest of North America, while Europe is divided into EU7, Commonwealth of Independent States (CIS), and Rest of Europe. Moreover, Asia Pacific is further subdivided into Japan, China, South Asia, Australasia, and Rest of Asia Pacific. MEA is further segmented into Gulf Cooperation Council (GCC) countries, North Africa, Southern Africa, and Rest of MEA, while Latin America is subdivided into Brazil and Rest of Latin America.

The BIM market is categorized based on solutions, end-users, and end-use industry. The report further segments BIM solutions into software solutions and professional consultancy services. The software solutions segment is further categorized based on the deployment model into cloud-based and on-premise software. Segmentation based on end-users include architects, contractors, engineers, and developers. The end-use industries for the implementation of BIM, covered in the scope of the report, include water and waste water; bridges, roads, and highways; rail, transit, and aviation; energy-generation facilities; houses and apartments; factories and warehouses; educational institutions and commercial spaces; government buildings; dams; and others.

Furthermore, the report analyzes the factors that drive and restrain the growth of the BIM market. The report also discusses prevailing market trends, prospective growth opportunities, and major strategies resulting in the growing popularity of BIM tools. It also provides the market estimates and forecasts for all the segments covered in the report in terms of revenue. Also provided is the market positioning of key players in the global BIM market.

Additionally, the report includes competitive profiling of major players engaged in offering BIM solutions. Major business strategies adopted by them, their market positioning, and various recent developments have also been identified in the research report. The major BIM solution providers profiled in the report include Autodesk Inc., Beck Technology Ltd., Dassault Systemes SA, Synchro Software Ltd., Tekla Corporation, Bentley Systems, Inc., Pentagon Solutions Ltd., AECOM, GRAITEC, and Nemetschek AG.

Market Segmentation:

BIM Market Analysis, by Solution Type

  • Software
  • Consultancy Service

BIM Software Market Analysis, by Type

  • On-premise Software
  • Cloud-based Software

BIM Market Analysis, by End-users

  • Architects
  • Contractors
  • Engineers
  • Developers

BIM Market Analysis, by End-use Industry

  • Water and Waste Water
  • 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

In addition, the report provides cross sectional analysis of the BIM market with respect to following geographical segments:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • EU7
    • CIS
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Australasia
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of Latin America