Building Information Modelling (BIM) Market Share and New Trends Analysis: By Its Type, Application, End-use and Forecast for period from 2024 to 2031

Building Information Modelling (BIM) Introduction

The Global Market Overview of "Building Information Modelling (BIM) Market" offers a unique insight into key market trends shaping the industry world-wide and in the largest markets. Written by some of our most experienced analysts, the Global Industrial Reports are designed to provide key industry performance trends, demand drivers, trade, leading companies and future trends. The Building Information Modelling (BIM) market is expected to grow annually by 9.2% (CAGR 2024 - 2031).

Building Information Modelling (BIM) is a digital representation of the physical and functional characteristics of a building. It is a collaborative process that allows architects, engineers, and construction professionals to design, construct and manage buildings more efficiently. The main purpose of BIM is to improve communication, coordination and decision-making throughout the entire building lifecycle.

Advantages of BIM include reduced errors and rework, improved project scheduling and cost estimation, enhanced collaboration among project stakeholders, and better facility management. By using BIM, project teams can work more efficiently and effectively, leading to higher-quality buildings and cost savings.

The Building Information Modelling (BIM) Market is expected to grow significantly in the coming years, as more construction firms and professionals adopt BIM technology. This growth is driven by the increasing demand for sustainable and energy-efficient buildings, as well as the need for improved project coordination and communication.

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Market Trends in the Building Information Modelling (BIM) Market

- Integration of artificial intelligence and machine learning: AI and ML are being used to analyze vast amounts of data in BIM models, providing valuable insights and improving decision-making processes.

- Use of virtual and augmented reality: VR and AR technologies are revolutionizing the way stakeholders interact with BIM models, allowing for immersive experiences and better visualization.

- Increased focus on sustainability: There is a growing demand for sustainable design practices in BIM, with a focus on energy efficiency, green building materials, and environmental impact analysis.

- Adoption of cloud-based BIM solutions: Cloud computing is enabling real-time collaboration, data sharing, and accessibility to BIM models from anywhere, leading to increased efficiency and productivity.

- Shift towards open BIM standards: Industry-wide adoption of open BIM standards is promoting interoperability between different software platforms, enhancing communication and coordination among project stakeholders.

Overall, these trends are driving the growth of the Building Information Modelling (BIM) market by providing advanced solutions to meet evolving consumer preferences and industry disruptions.

Market Segmentation

The Building Information Modelling (BIM) Market Analysis by types is segmented into:

Software
Consultancy Service

Building Information Modelling (BIM) Software includes various tools like AutoCAD, Revit, and Navisworks, which aid in creating, managing, and collaborating on construction projects. BIM Consultancy Services provide expert advice and support in implementing BIM processes. These types of BIM help boost the demand in the market by increasing efficiency, improving communication, reducing errors, and enhancing overall project coordination. With the integration of BIM software and consultancy services, companies can streamline their workflow, save time and money, and deliver high-quality projects efficiently.

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The Building Information Modelling (BIM) Market Industry Research by Application is segmented into:

Residential
Commercial Building
Roads, Bridges, and Highways
Others

Building Information Modelling (BIM) is used in various applications such as residential, commercial building, roads, bridges, and highways. In the residential and commercial building sectors, BIM is used for architectural design, visualization, and cost estimation. In roads, bridges, and highways, BIM helps in improving project coordination and reducing conflicts during construction. The fastest growing application segment in terms of revenue is the infrastructure sector, particularly roads, bridges, and highways, due to the increasing demand for infrastructure development and the implementation of BIM in transportation projects to enhance efficiency and quality.

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Geographical Spread and Market Dynamics of the Building Information Modelling (BIM) Market

North America:

United States
Canada

Europe:

Germany
France
U.K.
Italy
Russia

Asia-Pacific:

China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia

Latin America:

Mexico
Brazil
Argentina Korea
Colombia

Middle East & Africa:

Turkey
Saudi
Arabia
UAE
Korea

The Building Information Modelling (BIM) market in North America is driven by the increasing adoption of BIM technology in construction projects for improved collaboration and efficiency. In Europe, countries like Germany, France, the ., and Italy are experiencing growth due to government mandates for BIM implementation in public projects. The Asia-Pacific region, particularly in China, Japan, and India, is witnessing a surge in BIM adoption driven by rapid urbanization and infrastructure development. Latin America, Middle East & Africa are also emerging markets with increasing BIM usage in construction projects. Key players in the global BIM market include Autodesk Inc, Beck Technology Ltd., Dassault Systemes SA, Synchro Software Ltd., Tekla Corporation, Bentley Systems Inc., Pentagon Solutions Ltd, AECOM, GRAITEC, and Nemetschek AG, leveraging growth factors like technological advancements, strategic partnerships, and mergers and acquisitions.

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Building Information Modelling (BIM) Market Growth Prospects and Market Forecast

The Building Information Modelling (BIM) market is expected to witness a significant Compound Annual Growth Rate (CAGR) during the forecasted period, driven by innovative technologies and strategies in the construction industry. The CAGR is projected to be around 12-15% as the adoption of BIM solutions continues to increase globally.

Innovative growth drivers such as cloud-based BIM solutions, artificial intelligence, and machine learning integration, as well as the introduction of virtual reality and augmented reality for project visualization, are expected to propel the market forward. Additionally, the emphasis on sustainability, energy efficiency, and digital collaboration in construction projects will further drive the demand for BIM solutions.

Deployment strategies such as the integration of BIM with Internet of Things (IoT) devices for real-time data collection, project monitoring, and maintenance planning are expected to enhance the growth prospects of the market. The incorporation of modular construction techniques and prefabrication with BIM will also streamline the construction process and reduce project timelines, leading to increased adoption of BIM , the Building Information Modelling market is poised for rapid growth with innovative technologies and deployment strategies shaping the future of the construction industry.

Building Information Modelling (BIM) Market: Competitive Intelligence

Autodesk Inc
Beck Technology Ltd.
Dassault Systemes SA
Synchro Software Ltd.
Tekla Corporation
Bentley Systems Inc.
Pentagon Solutions Ltd
AECOM
GRAITEC
Nemetschek AG

Autodesk Inc. is a leading player in the BIM market with a wide range of software solutions for construction professionals. The company has a strong track record of innovation and has consistently invested in developing cutting-edge technologies for the AEC industry.

Dassault Systemes SA is another key player in the BIM market, offering advanced 3D modeling and simulation software for construction projects. The company has a global presence and has been expanding its market reach through strategic partnerships and acquisitions.

Bentley Systems Inc. is a prominent provider of software solutions for infrastructure projects, with a focus on BIM and digital twins. The company has a strong customer base and has been driving market growth through its innovative technologies and solutions.

In terms of sales revenue:

- Autodesk Inc. reported sales revenue of $ billion in FY 2020

- Dassault Systemes SA reported sales revenue of €4.46 billion in FY 2020

- Bentley Systems Inc. reported sales revenue of $786 million in FY 2020

Overall, the BIM market is expected to witness significant growth in the coming years, driven by increasing infrastructure development and the adoption of digital technologies in the construction industry. Companies like Autodesk, Dassault Systemes, and Bentley Systems are well-positioned to capitalize on these trends and drive further innovation in the market.

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