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The global building information modeling market reached a value of US$ 6.0 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 13.6 Billion by 2026, growing at a CAGR of 14.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Building information modeling (BIM) refers to software that gives architecture, engineering, and construction (AEC) professionals adequate insights to plan, design, construct and manage buildings and infrastructure. It enables them to collaborate and create an accurate virtual model of a building and exchange data between different project parties. It aids in analyzing the quantitative and qualitative aspects of the construction, such as cost estimation, time requirement, and component procurement. Besides this, it also helps in undertaking operations post project completion, such as maintenance issues and project lifecycle management.
Due to rapid urbanization and a growing population, there is a significant rise in construction activities across the globe. This, in confluence with the increasing infrastructural projects, is positively influencing the sales of BIM solutions. Moreover, there is an increase in the adoption of BIM on account of its numerous advantages over other existing tools, such as CAD systems and paper-based design and modeling. For instance, it facilitates users to create an accurate and precise geometric virtual model with all the components and structures involved. Apart from this, technological advancements enabling data management at remote servers and inter-coordination between users is strengthening the market growth. Factors such as improving construction productivity, increasing trend of the internet of things (IoT) and stringent regulations about the usage of BIM by governments are also fueling the market growth. However, the market is experiencing a decline in the sales of BIM software on account of the surging cases of the coronavirus disease (COVID-19), lockdowns implemented by various countries and consequent halt in construction projects worldwide. The market is expected to experience growth once normalcy is regained.
IMARC Group provides an analysis of the key trends in each sub-segment of the global building information modeling market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on offering type, deployment mode, application, end use sector and end user.
Breakup by Offering Type:
Breakup by Deployment Mode:
Breakup by Application:
Breakup by End Use Sector:
Breakup by End User:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd., AECOM, Autodesk Inc., Aveva Group Plc (Schneider Electric), Beck Technology Ltd., Bentley Systems Incorporated, Dassault Systèmes SE, Hexagon AB, Nemetschek SE and Trimble Inc.
|Base Year of the Analysis||2020|
|Segment Coverage||Offering Type, Deployment Mode, Application, End Use Sector, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||ABB Ltd., AECOM, Autodesk Inc., Aveva Group Plc (Schneider Electric), Beck Technology Ltd., Bentley Systems Incorporated, Dassault Systèmes SE, Hexagon AB, Nemetschek SE and Trimble Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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