Building Information Modelling Market is anticipated to reach USD 25.61 Billion at a CAGR of 14.9% CAGR by 2030 – Report by Market Research Future (MRFR)
Research Reports
Feb 15, 2023
According to a comprehensive research report by Market Research Future (MRFR), “Building Information Modelling Market Analysis by Product (BIM Software, Training services, Project Management), Project Lifecycle (Pre-Construction, Construction and Operation), End-user (Architects) and By Industry — Forecast till 2030” valuation is poised to reach USD 18.42 Billion by 2030, registering an 13.63% CAGR throughout the forecast period (2020–2030).
Building Information Modelling Market Overview
Building Information Modeling (BIM) refers to a specific software used in various stages of implementation and design of several infrastructural projects. The BIM market provides construction consultants, architects, and engineers extra funds and tools for building theme-based buildings based on abstract design. The need for blueprints for medical, electrical, and plumbing designs combined with the regulations to implement building information modelling market. Furthermore, flexible uses can boost the growth of the BIM market over the coming years.
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Building Information Modelling Market Report Scope:
| Parameter | Details |
| Revenue Forecast in 2030: | USD 25.61 Billion |
| Growth Rate: | CAGR of 14.9% from 2022 to 2030 |
| Forecast Period: | 2022 -2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Building Information Modelling Market Segments
Among all the components, the solution segment is anticipated to account for the highest revenue share across the global market for building information modeling over the assessment era. The segment’s growth is mainly credited to the growing adoption of BIM solutions in the AEC industry. Most of these companies are implementing these solutions to support all construction processes like data management and procurement. On the other hand, the services segment is projected to register the highest CAGR over the review timeframe. The segment’s growth is credited to the factors such as an increase in the adoption of services among end users and growth in demand for cloud-based building information modeling services.
BIM Market Drivers
The global market for building information modeling has recorded a massive rise in the growth rate in the last few years. The significant aspect causing an upsurge in the market’s growth is the rapid expansion of the construction sector across the globe. In addition, the governments across various are taking initiatives to encourage organizations to adopt the BIM market to manage resources efficiently over the assessment era is another major parameter supporting the market growth. In addition, the architects and engineers can draw up modified projects by varying some patterns of the existing templates. Also, the tools needed for designing and developing the projected may also boost the market’s growth over the assessment timeframe. Moreover, the constant technological evolution will likely offer lucrative opportunities to the players across the market over the review timeframe.
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Based on the deployment model, the on-premise segment is anticipated to account for the largest revenue share across the global market for building information modeling over the assessment timeframe. The segment’s growth is credited to the increase in concerns about data security. On the other hand, the cloud segment is projected to record the highest CAGR over the forecasted era.
Building Information Modelling Market Regional Analysis
The global market for building information modeling is analyzed across five major regions: North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.
According to the analysis reports by MRFR, the Asia-Pacific region is anticipated to register the highest CAGR across the global market for building information modeling over the forecasted era. The growth of the regional market is credited mainly to the rapid growth of the revitalization of the real estate and finance sector across the region. In addition, rapid industrialization is another crucial parameter anticipated to boost the regional market’s growth over the assessment timeframe. Furthermore, the launch of the smart city initiative by the regional governments may boost the market’s growth over the coming years. These initiatives primarily focus on the vast planning of these smart cities.
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Building Information Modelling Market Competitive Analysis
Dominant Key Players on Building Information Modelling Market Covered are:
- TRIMBLE LTD.
- AUTODESK INC.
- PENTAGON SOLUTION LTD.
- ASITE SOLUTIONS
- NEMETSCHEK SE
- AVEVA GROUP PLC
- HEXAGON AB
- BECK TECHNOLOGY LTD.
- DASSAULT SYSTÈMES
- BENTLEY SYSTEMS INCORPORATED
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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