According to IMARC Group's latest report titled “Building Information Modeling (BIM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global building information modeling market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.9 Billion by 2028, exhibiting a growth rate (CAGR) of 15.9% during 2023-2028.
Building information modeling (BIM) is a comprehensive approach to managing and creating information for built assets. It allows architecture, engineering, and construction (AEC) professionals to work collectively and create a virtual representation of a building that integrates multi-disciplinary and structured data. BIM provides a digital replica of assets throughout their lifecycle, from design and planning to construction and operations, using an intelligent model. This approach enables better post-project operations, such as project lifecycle management and maintenance, and helps analyze the qualitative and quantitative aspects of construction, including cost estimation, component procurement, and time requirements.
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Building Information Modeling (BIM) Market Trends:
The rising awareness regarding the advantages of BIM, such as efficiency, productivity, quality, infrastructure value, and sustainability, is one of the key factors driving the market growth. In line with this, the rapidly expanding construction sector and the increasing popularity of the internet of things (IoT) platforms are contributing to the market growth. Additionally, rapid technological advancements that facilitate data management at remote servers and inter-harmonization between users, supported by stringent government regulations regarding the use of BIM, are creating a positive outlook for the market. Other factors, such as the growing global population, the burgeoning number of infrastructure projects, and the rising consumer expenditure power, are positively supporting the market growth.
Competitive Landscape:
The competitive landscape of the building information modeling market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
ABB Ltd.
AECOM
Autodesk Inc.
Aveva Group Plc (Schneider Electric)
Beck Technology Ltd.
Bentley Systems Incorporated
Dassault Systèmes SE
Hexagon AB
Nemetschek SE
Trimble Inc.
Key Market Segmentation:
The report has segmented the global building information modeling market based on offering type, deployment mode, application, end use sector, end user and region.
Breakup by Offering Type:
Software
Services
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Application:
Preconstruction
Construction
Operations
Breakup by End Use Sector:
Commercial
Residential
Industrial
Breakup by End User:
Architects and Engineers
Contractors and Developers
Others
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
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Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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