Building Information Modeling Market Size to Worth USD 15.1 billion by 2030 With a 13.2% CAGR

Building Information Modeling Market include Autodesk Inc., Asite Solution, Beck Technology Ltd., Bentley Systems Incorporated

LUTON, BEDFORDSHIRE, UNITED KINGDOM, March 1, 2024 /EINPresswire.com/ -- The Building Information Modeling Market report thoroughly examines the present condition of the market and provides an insightful analysis of its future prospects. It encompasses projections for market size, growth rate, industry trends and segmentation, along with an assessment of potential drivers or constraints that may influence the market's trajectory. These predictions are formulated by considering a range of factors, including economic indicators, industry share, and historical data. By leveraging this outlook, businesses can identify promising growth opportunities and potential risks within the industry.

The global Building Information Modeling market size was valued at USD 5.13 billion in 2023, and is projected to reach USD 15.1 billion by 2030, with a CAGR of 13.2% from 2024 to 2030.

Building Information Modeling (BIM) technology is a powerful and innovative approach to the planning, design, construction, and management of buildings and infrastructure. It involves creating digital representations of the physical and functional characteristics of a facility. Furthermore, BIM software can be integrated with cost estimation tools, allowing real-time cost analysis during the design phase. This helps with accurate budgeting and cost control throughout the project lifecycle. Moreover, BIM technology assists in creating construction schedules and sequencing plans. Contractors can visualize the construction process, optimize workflows, and identify potential bottlenecks, leading to more efficient construction operations.

Key companies profiled in Building Information Modeling market: Autodesk Inc., Asite Solution, Beck Technology Ltd., Bentley Systems Incorporated, AVEVA Group Plc, Dassault Systèmes, Hexagon AB, Nemetschek SE, Pentagon Solution Ltd. and other.

Recent Developments:

In March 2023, Autodesk Inc. acquired UNIFI Labs, Inc. (US), an essential cloud software solution for organizing, accessing, and managing content in Revit, Civil 3D, Plant 3D, and other digital design tools. The digital asset management capabilities of UNIFI would enable Autodesk’s customer base a faster and more accessible BIM content.

In April 2023, Asite acquired 3D Repo (UK), a pioneer in cloud-based Building Information Modelling (BIM) collaboration software. This acquisition strengthens Asite’s position as a leader in the digital engineering market, providing customers with advanced tools to manage the entire construction lifecycle.

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Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.

Provide detailed chapter-by-chapter guidance on Request

Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023

Includes Tables and figures have been updated

The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historic and Forecast Growth, Porter's 5 Forces Analysis

Building Information Modeling Market Research Methodology

Dividing the Global Building Information Modeling Market by Product types and Application

Building Information Modeling Market by Component, 2020-2029, (USD Billion)

Software

Services

Building Information Modeling Market by Deployment, 2020-2029, (USD Billion)

On-Premise

Cloud

Building Information Modeling Market by Application, 2020-2029, (USD Billion)

Commercial

Residential

Infrastructure

Industrial

Building Information Modeling Market by End User, 2020-2029, (USD Billion)

Contractor

Engineers & Developers

Architects

Regional Outlook of Global Building Information Modeling

North America will account for 38% of market growth during the forecast period. The information modelling market in North America is primarily being developed in the United States. The market growth in this region will be slower than in other regions. Early adoption of cutting-edge digital tools and government regulations requiring the use of BIM software are likely to accelerate market expansion. Similar to North America, South America will experience significant growth during the forecast period due to rising infrastructure and construction spending. By 2022, governments in other nations like Chile and Peru are likely to make it mandatory. This is anticipated to drive the growth of the building information modelling market in the area.

APAC is anticipated to experience the fastest market growth due to the widespread adoption of BIM in major construction and infrastructure projects. Government initiatives are also anticipated to play a significant role in propelling the BIM market in APAC. Authorities in the area have begun enforcing new rules pertaining to building construction permits. For instance, BIM documents and documents pertaining to green certification are already required, especially for public buildings, in Japan, China, and South Korea.

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Report Features:

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

Market structure: Overview, industry life cycle analysis, supply chain analysis.

Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.

Market trend and forecast analysis.

Market segment trend and forecast.

Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.

Attractive market segments and associated growth opportunities.

Emerging trends.

Strategic growth opportunities for the existing and new players.

Key success factors.

Major Points from Table of Contents

– Market Summary

– Economic Impact Competition Analysis by Players

– Production, Revenue (Value) by geographical segmentation

– Building Information Modeling Market Size by Type and Application

– Regional Market Status and outlook

– Building Information Modeling Market Analysis and outlook

– Market Forecast by Region, Type, and Application

– Cost Investigation, Market Dynamics

– Marketing Strategy comprehension, Distributors and Traders

– Market Effect Factor Analysis

– Research Finding/ Conclusion

– Appendix

Finally, the Building Information Modeling Market report is a believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, market development rate, figure, and so on. Building Information Modeling industry report additionally Presents new task SWOT examination, speculation attainability investigation, and venture return investigation.

Key questions answered in the report are:

1.What is the market's size?

2. What is the rate of market expansion?

3. Which market share-generating segment was it?

4. Who are the major businesses and participants in the market?

5. What are the Market's driving forces?

7. What is the market's dominant deployment segment?

8. Which business sector contributed the highest proportion of revenue to the market?

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