The Mandatory Adoption of the BIM Software to Drive the Global Building Information Modelling Market

Tue, 29 September 2020 11:48

The global Building Information Modelling platform is witnessing a surge due to the growing migration towards urban areas has increased the number of infrastructure projects. Further, the rising foreign direct investments in the emerging nations have bolstered industrialization together with the Building Information Modelling market. Additionally, the favouring government regulations that have led to the mandatory adoption of the BIM software in most of the countries are anticipated to have a positive impact on the market. Further, the growing utilization of Augmented Reality and Virtual Reality technologies, IoT to design green buildings has fostered the growth of the Building Information Modelling market. However, the high cost of investment and the slower adoption of technology in the construction sector has hampered the growth of the market.

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Key Highlights

  • The global Building Information Modelling is expected to grow from USD 3.8 Billion in the year 2019to USD 9.8 Billion in the year 2029 Billion at a compound annual growth rate (CAGR) of 11% in the forecast period.
  • The lockdown has ebbed the utilization of Building Information Modelling software owing to the temporary stoppage of all the construction projects.
  • North America dominates the Building Information Modelling Platform Market on account of the presence of advanced infrastructure, increasing adoption of cloud services, and the presence of major key players
  • The Asia Pacific to exhibit the fastest growth the Building Information Modelling Platform Market due to the increasing foreign direct investments, favouring government regulations, the increased investments in the construction and real estate sector.
  • The software segment caters to the highest markets share among the different offering in the Building Information Modelling Platform Market
  • The preconstruction segment caters to the highest markets share among the different project life cycle in the Building Information Modelling Platform Market

As per Straits Research analysis, the key players of the global Building Information Modelling market are Autodesk(the U.S.), Nemetschek (Germany), Bentley Systems(the U.S.), Trimble(the U.S.), DassaultSystèmes (France), Rib Software (Germany), Asite (the U.K.), Aveva (the U.K.), Hexagon (Sweden), Archidata (Canada), Acca Software (Italy), Arcadiasoft(the U.S.), Procore Technologies(the U.S.), Concora(the U.S.), Pöyry (Finland), Beck Technology(the U.S.), Computers and Structures(the U.S.), Robert McNeel& Associates(the U.S.), 4M Company (the U.S.), and CCT International (Canada) among others

Building Information Modelling Market Segmentation

By Offering

Software

  • Architectural Design
  • Sustainability
  • Structure
  • MEP
  • Construction
  • Facility Management.

Services

  • Software Support and Maintenance
  • Project Management and Support.

By Project Life Cycle

  • Preconstruction
  • Construction
  • Operations

By Applications

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

By End-User

  • AEC Professionals
  • Consultants and Facility Managers
  • Others

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • The U.K
  • Italy
  • France
  • Spain
  • Germany
  • The Rest of Europe

The Middle East and Africa (MEA)

  • Saudi Arabia
  • Turkey
  • Egypt
  • South Africa
  • The Rest of MEA

Asia-Pacific

  • India
  • China
  • Japan
  • Australia
  • South Korea
  • The Rest of Asia-Pacific

South America

  • Columbia
  • Brazil
  • Chile
  • Peru
  • Argentina
  • The Rest of South America

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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