Building Information Modeling (BIM) Market By Solution (Software, Services), Deployment Model (On-premises, Cloud) & By Application Areas (Commercial, Residential, Industrial, Infrastructure, Institutional), Industry trends, Estimation & Forecast, 2016 - 2024

August 2017

 Pages: 152

 ERC 3387


Building Information Modeling Market has been estimated to garner a revenue of $3.6 billion in 2016 and is projected to reach $18.8 billion by 2024, growing at a CAGR of 22.9% from 2016 to 2024.In 2016, BIM Software segment generated the highest revenue share of $ 2.7 billion growing at a CAGR of 23.4%.

BIM, also referred as Building Information Modeling, is a digital depiction of a facility which displays its physical and functional characteristics. It is a smart 3D- model based process, which is very helpful for providing insights to the professionals such as architects, engineers and designers. BIM helps in virtually understanding the physical structure that has to be constructed thereby assisting in planning, designing, and construction. The process is primarily used by business entities involved in construction and independent engineers, and architects.

Building Information Modeling Market Determinants

BIM has occurred as a highly effective tool for designing, planning, and managing the construction projects. As per the modern scenario, the conventional solutions for technical drawing and designing are not efficient enough in planning and management of construction projects. The BIM has provided optimal utilization of materials in various construction related industries and hence, increased returns on investments. The highly efficient and accurate cost estimation, and constantly surging demand for automated models are the major impacting factors, boosting the growth of demand for BIM software. BIM is not just a software but also a workflow that helps to uphold harmonization among the involved entities such as architects, engineers, and builders of construction projects. Moreover, the provision of real-time updates at every stage of the project to each entity makes BIM a highly effective and efficient tool. This software finds major application for digital prototyping analysis and simulation, which leads to significant reduction in project life cycle duration. Because of the rising awareness regarding architectural quality and construction safety, government authorities of various countries have mandated the implementation of BIM solution during the construction phase of any project. However, the high cost of BIM software and long training periods which hampers the productivity would barricade the market growth to some extent.


Building Information Modeling Market Segmentation

Global BIM market is segmented on the basis of solutions, deployment model, end user, application area, and geography. Based on a solution, the market is segmented into software and services. Software solution segment dominates the market owing to a preference for cost-effective processes and benefits of BIM software during different phases of the construction project. By end user, the market is categorized into architectures, contractors, and others. Based on application areas, the market is segmented into commercial, residential, institutional, infrastructure and industrial. Geographically, the market is bifurcated into North America, Europe, Asia-Pacific, and LAMEA.

Key players profiled in the report include Autodesk, Inc., Trimble Navigation Ltd, Nemetschek AG, Synchro Software Ltd., Bently Systems Inc., Dassault Systemes, Asite Solutions Ltd, Pentagon Solutions Ltd., AECOM.,Beck Technology, Ltd.

Building Information Modeling Market Segmentation

 By Solution
• Software
• Services

By Deployment Model
• On-premises
• Cloud

By End User
• Architecture
• Contractors
• Others

 By Application Area
• Commercial
• Residential
• Industrial
• Infrastructure
• Institutional

By Geography
• North America
• Europe
• Asia-Pacific
• Latin America, Middle East and Africa (LAMEA)

Building Information Modeling Market Key Players

• Beck Technology, Ltd.
• Autodesk, Inc.
• Dassault Systemes SA
• Trimble Navigation Ltd.
• Synchro Software Ltd.
• Pentagon Solutions Ltd.
• Bentley Systems, Inc.
• Nemetschek AG
• Asite Solutions Limited

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    What Information does this report contain?

    • What was the market size of the Building Information Modeling Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Building Information Modeling Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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