Building Information Modeling (BIM) Market
Building Information Modeling (BIM) Market (Solution - Software, Consultancy Service; Software Solutions - On-premise Software, Cloud-based Software; End-user - Architects, Contractors, Engineers, Developers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 - 2027
Press Release :
Globally, government across regions have been formulating policies driving phase transition to digitalization when it comes to building designs. Market for BIM software and services is forecast to see consistent growth trend as many countries are across different stages of rolling out favorable policies, subsequently boosting the demand. While countries such as Germany, Japan, Canada, China, Netherlands, Spain, and Portugal have BIM plans for rolling our BIM programs, the other regional countries such as Belgium, Switzerland, Italy, Brazil, Czech Republic, and New Zealand are in recording rise in adoption. Markets of UK, The U.S., Korea, Hong Kong, Singapore, Russia, and Finland among few others have already had BIM policies in place. Major South American countries such as Peru, Mexico, and Chile too have expressed willingness to implement similar mandates in the future.
Building information modeling (BIM) is a 3D visualization of building design which includes plan, elevation, and section of building. BIM is a prominent designing tool in the AEC industry, aiding in the analysis of the quantitative and qualitative aspects of the construction, such as cost estimation, time requirement, and component procurement. Furthermore, BIM also helps undertake operations related to the project post completion, which include maintenance issues and project lifecycle management.
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There has been a growth in construction activities across the globe. These activities are diversified, including large buildings, housing apartments, commercial spaces, government complexes, and others. Moreover, construction SMEs are growing at great pace, and have subsequently boosted the market for BIM, globally. Furthermore, government regulatory bodies undertaking construction activities mandated certain laws for construction companies to implement BIM exclusively for public sector buildings. For instance, the BIM Task Group has been formed in order increase the adoption of BIM in the U.K.
Certain factors restraining the growth of building information modeling market include high costs, a requirement of frequent maintenance, and lack of technical expertise. Since BIM is a critical tool, slight miscalculations in the design may lead to major mishaps at the workplace. Thus, the lack of technical expertise is one of the major factors restraining the growth of the BIM market. The high cost of BIM software and frequent upgrade and reconfiguration requirements are other important factors hindering the market’s growth. With the introduction of cloud-based services, the demand for BIM software is increasing greatly.
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The building information modeling market is segmented on the basis of solution type, end-users, end-use segments, and geography. BIM solution segmentation comprises software and consultancy services. The BIM software segment accounted for the majority market share, nearly two-third of the total revenue in 2020. However, the BIM consultancy service is expected to be the fastest-growing market over the forecast period. Based on the software deployment type, on-premise deployment of BIM software currently holds the majority share and is presumed to dominate the BIM software market throughout the forecast period.
Architects, contractors, engineers, and developers are the major end-users adopting BIM solutions. The adoption rate of BIM was found most among architects, followed by engineers, in 2020. However, contractors are expected to witness higher adoption rates than other end-users over the forecast period.
People in a variety of end-use industries are deploying BIM solutions; these include water and waste water; bridges, roads, and highways; rail transit and aviation; energy generation facilities, houses and apartments; education institute and commercial spaces; government buildings; factories and warehouses; dams; and others. The rail transit and aviation sector held the majority market share in 2020 in terms of revenue generation.
Based on geography, the Building information modeling market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Presently, North America is the largest adopter and revenue generator for BIM solutions and is expected to maintain its leading position over the forecast period. Asia Pacific is expected to expand at the highest CAGR over the forecast period owing to the rise in construction activities across Japan, China, Singapore, and the Indian subcontinent.
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Some of the leading players in the global BIM market include
- Autodesk Inc.
- Bentley Systems Inc.
- Dassault Systemes SA
- Nemetschek AG
- Tekla Corporation
- Synchro Software Ltd.
- Pentagon Solutions Ltd.
- Beck Technology Ltd.
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.
BIM Market Analysis, by Solution type
- Consultancy Service
BIM Software Market Analysis, by Type
- On-premise Software
- Cloud-based Software
BIM Market Analysis, by End-users
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
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America
The global building information modeling (BIM) extraction software market is segmented as below:
End Use Industry