Global Building Information Modelling (BIM) Market Growth (Status and Outlook) 2023-2029

Global Building Information Modelling (BIM) Market Growth (Status and Outlook) 2023-2029

Building information modeling (BIM) refers to a parameter based 3D model which can be used to generate design and plan out the entire lifecycle of a construction project. Numerous aspects associated with a construction project including architecture, planning, schedule and cost estimation, among others can be completely covered under a single 3D model with the use of BIM software. Thereby, a model created using a BIM software essentially works as a shared resource for information between various stakeholders in the construction activities. The BIM software has been widely adopted in order to avoid general issues during construction activities and reduce resource wastage. Numerous issues such as miscommunication, lack of coordination and delayed turnover between parties can be effectively addresses with the introduction of BIM software.

LPI (LP Information)' newest research report, the “Building Information Modelling (BIM) Industry Forecast” looks at past sales and reviews total world Building Information Modelling (BIM) sales in 2022, providing a comprehensive analysis by region and market sector of projected Building Information Modelling (BIM) sales for 2023 through 2029. With Building Information Modelling (BIM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Building Information Modelling (BIM) industry.

This Insight Report provides a comprehensive analysis of the global Building Information Modelling (BIM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Building Information Modelling (BIM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Building Information Modelling (BIM) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Building Information Modelling (BIM) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Building Information Modelling (BIM).

The global Building Information Modelling (BIM) market size is projected to grow from US$ 2267 million in 2022 to US$ 6478.2 million in 2029; it is expected to grow at a CAGR of 16.2% from 2023 to 2029.

The major factors which are driving the growth of this market are rapidly increasing construction activities across the globe. Government regulatory bodies are also taking initiatives to raise the adoption of BIM in their respective countries. Adoption by small and medium enterprises is giving momentum to the BIM market. However, the high cost of BIM software and continuous software up gradation are hindering the market growth. It requires trained expertise in order to use it. Thus, low awareness about software handling can hamper the market growth. Nonetheless, technological advancement by some companies that are developing a mobile application to access services will surge demand of BIM market over the forecast period. BIM improve visualization, increased productivity, reduced cost and increased the speed of delivery will enforce the demand of this market in future.

This report presents a comprehensive overview, market shares, and growth opportunities of Building Information Modelling (BIM) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Software
Services

Segmentation by application
Architecture
Sustainability
Structures
Mechanical
Electrical and Plumbing (Mep)
Construction
Facility Management

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Autodesk
Bentley Systems
Dassault Systèmes
AECOM
Tekla Corporation
Nemetschek
Trimble Navigation Limited
Intergraph Corporation
ASSA ABLOY Group
4M Building Solutions

Please note: The report will take approximately 2 business days to prepare and deliver.