Global Building Information Modelling (BIM) Market Growth (Status and Outlook) 2024-2030

Global Building Information Modelling (BIM) Market Growth (Status and Outlook) 2024-2030

According to our LPI (LP Information) latest study, the global Building Information Modelling (BIM) market size was valued at US$ 2267 million in 2023. With growing demand in downstream market, the Building Information Modelling (BIM) is forecast to a readjusted size of US$ 6478.2 million by 2030 with a CAGR of 16.2% during review period.

The research report highlights the growth potential of the global Building Information Modelling (BIM) market. Building Information Modelling (BIM) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Building Information Modelling (BIM). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Building Information Modelling (BIM) market.

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.

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.

Key Features:

The report on Building Information Modelling (BIM) market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Building Information Modelling (BIM) market. It may include historical data, market segmentation by Type (e.g., Software, Services), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Building Information Modelling (BIM) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Building Information Modelling (BIM) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Building Information Modelling (BIM) industry. This include advancements in Building Information Modelling (BIM) technology, Building Information Modelling (BIM) new entrants, Building Information Modelling (BIM) new investment, and other innovations that are shaping the future of Building Information Modelling (BIM).

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Building Information Modelling (BIM) market. It includes factors influencing customer ' purchasing decisions, preferences for Building Information Modelling (BIM) product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Building Information Modelling (BIM) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Building Information Modelling (BIM) market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Building Information Modelling (BIM) market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Building Information Modelling (BIM) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Building Information Modelling (BIM) market.

Market Segmentation:

Building Information Modelling (BIM) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

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.