Building Information Modeling Market By Deployment Type (On Premises Deployment and Cloud Deployment, By Offering Type( Software and Services), By Project Lifecycle (Preconstruction, Construction, Operation) ,By Application (Buildings, Industrial, Civil Infrastructure, Oil & Gas, Utilities, Others),By End User(AEC Professionals, Consultants & Facility Managers, Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028

Building Information Modeling Market Overview

BIM is a method for AEC professionals to plan, design, construct, and manage projects by creating a 3D model of buildings, infrastructure, and other objects. BIM entails the creation and administration of digital representations of a location's physical and functional qualities, as well as the representation of data via objects in the form of designs. Rising urbanisation and infrastructure projects, expanding BIM benefits for the AEC industry, and growing government mandates for BIM adoption are all driving the BIM market forward. However, the initial high cost of BIM is limiting the market's expansion.

During the forecast period, the expanding use of AR/VR, the rapid acceptance of Green BIM, rising IoT trends, and growing BIM trends are likely to generate growth prospects for BIM market participants. Furthermore, the BIM market faces hurdles due to limited digitization in the construction industry.

Market Size

According to Business Intelligence Insights The global "Building Information Modeling market was valued USD 5.10 billion in 2021 to USD 10.01 billion by 2028, at a CAGR of 11.90 % during the 
forecast period 2022-2028

Covid -19 Impact Analysis

The world is experiencing a health pandemic and an economic crisis as a result of the COVID-19 issue. Many firms have been forced to shut down their manufacturing factories and suspend most of their operations due to the worldwide outbreak of COVID-19. During this crisis, corporations' primary goal is to keep their businesses afloat by finding safer ways to maintain operations or discovering other long-term revenue streams. The study investigates the BIM market in both pre- and post-COVID-19 situations.

In the pre-COVID-19 situation, the BIM market had been on the rise. The increased need for housing and infrastructure development as the world's population and economies grow is likely to fuel the growth of the global construction industry, design, and manage building projects more efficiently. As a result, BIM's 3D model-based approach to construction project delivery is gaining traction around the world. Architects, engineers, and contractors work together to make a project a success in the architecture, engineering, and construction (AEC) industry. Rising trends in modern technology have resulted in a growing adoption of novel techniques in the construction industry's working standards.

Market Dynamics

With the rapid growth of the global population, there has been an increase in demand for residential space, with various governments throughout the world providing incentives to help this sector flourish. Companies all over the world are using BIM to improve their operations in residential structure design, making this a promising growth sector for the BIM industry. High expenses, the need for frequent maintenance, and a lack of technical experience are all challenges limiting the growth of the building information modelling market. Because BIM is such an important tool, even little design errors can result in catastrophic workplace disasters. As a result, one of the primary problems limiting the growth of the BIM market is a shortage of technical skills. The expensive cost of BIM software, as well as the need for periodic upgrades and reconfigurations, are major roadblocks to the market's expansion. BIM software is in high demand, thanks to the emergence of cloud-based service

Segmentation Insights

The market share is more than 55%. Interoperability between programmes, easy visualisation, and cost-effectiveness are all aspects of BIM software solutions

In 2021, the market for Building Information Modeling was dominated by software as an offering type. The market share is more than 55%. Interoperability between programmes, easy visualisation, and cost-effectiveness are all aspects of BIM software solutions. Throughout the entire life cycle, the BIM software suite includes solutions for architectural, sustainability, structures, mechanical, electrical, and plumbing (MEP), construction, and facility management. Autodesk Revit Structure, Graphisoft ArchiCAD, Nemetschek ALLPLAN Architecture, Bentley Facilities Manager, and Tekla Structures are examples of BIM software solutions available on the market. Several professionals in the fields of architecture, engineering, and construction (AEC) are increasingly using 3D BIM. The best aspects of BIM software are 3D visualisation of a project, cost and time savings, and the ability to make design modifications quickly

The market for this particular market is more than 34%.A building project's pre-construction (design), construction, and operating phases all use BIM

The Project Lifecycle in which Building Information Modeling can be taken are Preconstruction, Construction, Operation. In the worldwide Building Information Modeling Market, tablet is the most popular project lifecycle. The market for this particular market is more than 34%.A building project's pre-construction (design), construction, and operating phases all use BIM. It incorporates all parts of a construction project into a single package. If an issue emerges, users working in separate phases can resort to the data from a specific project, preventing cost overrun. For example, BIM is used in maintenance to assist plumbers and electricians in locating pipes and wires in order to avoid causing needless damage to walls, floors, and ceilings

By Deployment Type
•    On Premises Deployment
•    Cloud Deployment

By Offering Type
•    Software
•    Services

By Project Lifecycle
•    Preconstruction
•    Construction
•    Operation

By Application
•    Buildings
•    Industrial
•    Civil Infrastructure
•    Oil & Gas
•    Utilities
•    Others

By End User
•    AEC Professionals
•    Consultants & Facility Managers
•    Others

By Region
•    North America
o    U.S.
o    Canada
•    Europe 
o    Germany
o    U.K.
o    France
o    Italy
o    Spain
o    Rest of Europe
•    Asia Pacific 
o    China
o    India
o    Japan
o    Rest of Asia Pacific
•    Latin America 
o    Brazil
o    Mexico
o    Rest of Latin America
•    Middle East and Africa 
o    UAE
o    South Africa
o    Rest of Middle East and Africa (MEA)

Key Players

List of Key Players in the Building Information Modeling therapy Market:

•    Autodesk
•    Nemetschek
•    Bentley Systems
•    Trimble
•    Dassault Systemes
•    Rib Software
•    Asite
•    Aveva
•    Hexagon
•    Archidata
•    ACCA Software
•    Arcadiasoft
•    Procore Technologies
•    Concora
•    Pöyry
•    Beck Technology
•    Computers And Structures
•    Robert Mcneel & Associates
•    M Company
•    CCT International

Regional Insights

North America, which includes the United States, Canada, and Mexico, is a significant market for BIM. This region was one of the first to use advanced BIM technology, a newly developed innovative way to design and construction. In North America, this approach has established itself in the mainstream building business. This region is home to a number of specialists who use BIM in their projects. Contractors, engineers, and architects are progressively adopting BIM, and the number is rapidly expanding. They use the BIM process to increase project productivity during the design and construction phases, as well as to reduce project-related errors and achieve a high return on investment. 

Table

Report Attributes	Details
Market Size Value in 2021	USD 5.10 Billion
Market Size Value in 2028	USD 10.01 Billion
Growth Rate	+11.90 %
Base Year	2021
Forecast Period	2022-2028
Historical Data	2018-2020
Forecast Units	(USD Billion)
Countries Covered	North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE
Segments Covered	By Deployment Type, By Offering Type, By Project Lifecycle, By Application, By End User & By Region
Competitive landscape	Leading companies, Competitive strategies and Consumer engagement scope
Customization is available	If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions

 

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