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Building Information Modeling (BIM) Market By Solution (Software, Services), By Application (Architecture, Sustainability, Structures, Mechanical, Electrical And Plumbing (Mep), Construction, Facility Management), By End-Use (Water And Wastewater, Roads, Bridges And Highways, Rail, Transit And Aviation, Residential, Commercial, Industrial), By End-User (Architects, Engineers, Contractors, Developers) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Building information modeling (BIM) refers to a parameter-based 3D model that can be used to generate designs and plan out the entire lifecycle of a construction project. Numerous aspects associated with a construction project, including architecture, planning, schedule, and cost estimation, among others, can be completely covered under a single 3D model with the use of BIM software. As a result, a model created with BIM software serves as a shared resource for information among various stakeholders involved in construction activities.BIM software has been widely adopted in order to avoid general issues during construction activities and reduce resource waste. Numerous issues, such as miscommunication, lack of coordination, and delayed turnover between parties, can be effectively addressed with the introduction of BIM software. Thereby, BIM software has been widely used by various architects, engineers, contractors, and developers, among others, across the world. Some of the key applications of BIM include planning and designing for architecture; sustainability; structures; mechanical, electrical, and plumbing (MEP); construction; and facility management.

Depending on the end user's usage and preferences, BIM software can be deployed on-premise or in the cloud. In addition, end-users can employ various professional consultation service providers to design and maintain BIM-based 3D models. On account of the wide array of deployment models, BIM has been witnessing increasing adoption in various end-use segments. Construction companies have been making use of BIM software for various projects, including water and wastewater; roads, bridges, and highways; rail, transit, and aviation; residential; commercial; and industrial. With numerous benefits, such as effective planning and efficient execution of construction activities, the building information modeling (BIM) market is expected to witness significant growth during the forecast period.

The report titled "Global Building Information Modeling (BIM) Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global building information modeling (BIM) market, along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on solution, application, end-user, and end-user and a cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2016–2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing government initiatives and norms across the world mandating the use of BIM software for construction activities.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of building information modeling (BIM), market positioning, and key developments. Some of the major players profiled in the report are Autodesk, Inc., Bentley Systems, Inc., Dassault Systèmes SA, AECOM, Tekla Corporation, Nemetschek SE, Trimble Navigation Limited, Intergraph Corporation, ASSA ABLOY Group, 4M Building Solutions, and CYPE Ingenieros, S.A.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the building information modeling (BIM) industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)

Overall, the research study provides a holistic view of the global building information modeling (BIM) market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global building information modeling (BIM) market is segmented, based on solution, into the following categories:

  • Software
  • On-premise
  • Cloud-based
  • professional and consulting services

On the basis of the solution, the global building information modeling (BIM) market was led by the software segment in 2016. The BIM software can be deployed either leading the information modeling (BIM) market was led by the software segment in 2016. The BIM software can be deployed either on-premises or as a cloud-based solution. Depending on the scalability and usability desired, end-users can opt for any one of the two models to ensure optimum availability and control. Currently, on-premise deployments lead the overall market in terms of adoption. The professional and consulting services segments encompass various software installation, maintenance, and training services associated with the use of BIM solutions. In addition, it also includes various BIM services provided directly to the end users. This segment is expected to witness significant growth during the forecast period from 2017 to 2025.

The global building information modeling (BIM) market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • rest of North America
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • Middle East and Africa (MEA)
  • Latin America

In 2016, North America held the largest share in the overall building information modeling (BIM) market, accounting for over one-third of the global market in terms of revenue. Factors such as higher adoption of I.T. systems and the presence of some of the most prominent providers of BIM solutions have contributed to the higher adoption in the North American region.

Europe and Asia Pacific followed the North American region in the global building information modeling (BIM) market in terms of revenue in 2016. Factors such as favorable government initiatives in European countries such as the U.K., Norway, Finland, and Denmark, among others, are expected to further drive the demand for BIM solutions in the European region. Similarly, continued adoption of BIM solutions in countries including Australia, Singapore, China, Japan, and India would lead to sustainable growth in the building information modeling (BIM) market in the Asia Pacific region.

Frequently Asked Questions:

The market for Building Information Modeling (BIM) is expected to reach US$ 3,976.6 mn in 2025.

The Building Information Modeling (BIM) market is expected to see significant CAGR growth over the coming years, at 19.3%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Autodesk, Inc.,Bentley Systems, Inc.,Dassault Systèmes SA,AECOM,Tekla Corporation are some of the major players in the global market.

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Godaddy
Published Date:  Jul 2017
Category:  Technology & Media
Report ID:   58565
Report Format:   PDF
Pages:   120
Rating:    4.7 (65)
Delivery Time: 24 Hours to 48 Hours   
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