Research Methodology – BIM in Construction Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the BIM in Construction Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the BIM in Construction Market is developed by integrating key market indicators and macroeconomic variables. These include:
1 Factors considered while calculating market size and share
- The prevalence of BIM usage in the construction industry.
- The size of the construction industry as a whole.
- The number of construction projects that utilize BIM.
- Investments in BIM software development.
- Level of awareness and understanding of BIM in the market.
- Degree of BIM integration in construction processes.
- Current and estimated future BIM software sales.
- The potential market for BIM amongst small and mid-sized enterprises.
- Availability of skilled workforce to utilize and implement BIM.
2 Key Market Indicators
- Growth rate of the construction industry.
- Trends in digital transformation in the construction sector.
- Changes in BIM software sales over time.
- BIM adoption rate in construction projects.
- Government regulations or initiatives promoting the use of BIM.
- Changes in investment in BIM technology.
- Rate of technological advancement in the field of BIM.
3 Growth Trends
- Increasing adoption of BIM in residential, commercial and infrastructure projects.
- Development and integration of more advanced BIM technologies, such as augmented reality (AR) and virtual reality (VR).
- Growing awareness and understanding of the benefits of BIM.
- Rise in demand for green and sustainable buildings promoting the use of BIM.
- Increasing demand for automated project management tools driving BIM growth.
- Increased use of BIM for facility and project management.
- Growth in the construction industry fueling demand for BIM.
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the BIM in Construction Market. Key inputs include:
Company-Level Information
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
Industry and Government Sources
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the BIM in Construction Market
Market Intelligence Sources
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
Macro & Consumer Insights
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
Expert Insights & KOL Engagements
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
Focused Discussions & Panels
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
Data Validation & Business POV
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
Forecasting is carried out using proprietary models that combine:
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights