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Building Information Modelling Market 2018 Global Industry Size, Share, Business Growth, Revenue, Trends, Global Market Demand Penetration and Forecast to 2023 | 360 Market Updates

Building Information Modelling

Building Information Modelling Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Building Information Modelling market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Building Information Modelling Market report is anticipated to register a CAGR of 17.5% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Building Information Modelling Market are –

  • Autodesk Inc.
  • Asite Solutions Ltd
  • Bentley Systems Inc.
  • Dassault Systems SA
  • Nemetschek SE
  • Trimble Inc.
  • Aveva Group PLC
  • Bimeye Inc.
  • TopconPositioning Systems Inc.
  • Rib Software AG
  • Clearedge3D Inc.
  • Hexagon AB

The Global Building Information Modelling (BIM) market was estimated to be worth USD 5.265 billion in 2017, and is projected to reach USD 14.033 billion by 2023, registering a CAGR of 17.5% over the forecast period of 2018-2023. The scope of the report is limited to solutions offered by major players, including the providers of software and services. The regions considered in the scope of the report include North America, Europe, and others. The study also emphasizes on how the deployment of BIM tools for a building helps various people involved in planning and constructing a building.

In the recent years, owing to its benefits over the existing solutions, such as paper-based design and modeling, and CAD systems, BIM has recorded an increasing adoption. The emergence of BIM has created a paradigm shift within the architecture, engineering, construction, and operations (AECO) industry, by changing the way construction activities are planned, designed, built, and managed. These tools facilitate money saving, time saving, and simplifying the construction processes, thereby driving the building information modelling software market. Moreover, companies are trying to develop a standardized BIM model that can be used to integrate the different types of modeling systems. In addition, government norms in various countries are promoting the usage of BIM software in key international markets. Similarly, through its various modules, BIM enhances project performance and productivity. However, cost- and implementation-related issues can act as challenges for the widespread adoption of BIM software.

Governmental Mandates Promoting the Usage of BIM in Key International Markets

The introduction of governmental regulations in major markets, such as the United Kingdom, the United States, and Singapore, has considerably aided the adoption rate of BIM software.

With growing population, there has been a rise in the demand for the residential sector, and various governments are providing incentives for the growth of this sector. For instance, the UK government aims to make Level 2 BIM mandatory for all publicly-funded projects from 2016 onwards, which is expected to subsequently help Europe account for the largest market share in the near future. In addition, the adoption of these solutions in several states, universities, and private organizations of the United States are supporting the adoption of higher BIM standards.

Commercial Applications to Account for Highest Market Share

These solutions are witnessing an increased adoption in the commercial segment, because they offer a competitive advantage over high-end commercial contractors, as they become more aware of their competencies and capabilities. Developing these buildings requires a new and sophisticated approach toward design, thus emphasizing the need for BIM technology. Moreover, in sectors, such as retail, for large retailers, BIM can support complex planning applications, particularly where engagement with local stakeholders is required to overcome potential objections.

Asia Pacific to Witness the Highest Growth Rate

In the Asia-Pacific region, the growth in the market is augmented by the growth of the construction industry in countries, such as China and India. Government-aided schemes such as Smart Cities in India, which plan to develop 100 cities with revamped infrastructure in the country, is further expected to drive the demand for BIM solutions. Moreover, China is undertaking various new infrastructural projects. Over the next decade, China plans on moving approximately 250 million people into the country’s rapidly growing megacities, thus increasing the demand for residential and commercial infrastructure.

In addition, the growth of the smart homes market in the region is expected to augment the demand for such solutions.

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Scope of the Report:

The report analyses Building Information Modelling market, which includes –

  • Analysis of the growth of Building Information Modelling market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Building Information Modelling market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Building Information Modelling market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Building Information Modelling market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Building Information Modelling Market Report:

  • Varying dynamics of the Building Information Modelling industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Building Information Modelling market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Building Information Modelling market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Building Information Modelling Market Report:

  • The report analyses how stringent emission control norms will drive the global Building Information Modelling market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Building Information Modelling market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Building Information Modelling:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

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Contact Info: –

360 Market Updates

Mr. Ajay More

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