Building Information Modeling Market

Building Information Modeling Market by Type (Software, Services), Application (Buildings, Civil Infrastructure, Industrial, Oil & gas), End-User (AEC, Contractors and Facility Managers), Project Lifecycle, and Region - Global Forecast to 2024

Report Code: SE 2815 Sep, 2019, by marketsandmarkets.com

[169 Pages Report] The building information modeling market size is projected to grow from USD 4.9 billion in 2019 to USD 8.9 billion by 2024, at a compound annual growth rate (CAGR) of 12.7%. Increasing population and ongoing urbanization, rising BIM trends, and growing BIM adoption are the major factors driving the growth of the building information modeling market.

Building Information Modeling Market

Software likely to account for a larger share of the building information modeling market by 2024  

Many players are offering BIM based on software and services. The software used for building information modeling exhibits features such as interoperability between applications, easy visualization, and cost-effectiveness. The software generally encompasses solutions for objectives such as architecture, sustainability, structures, MEP, construction, and facility management. The software segment holds the largest share of the BIM market, by type and is dominated mainly by the architecture and construction software.

Preconstruction to be the high impacting segment of the building information modeling market

BIM is a complete process from the preconstruction phase to the operations phase. Preconstruction is the first phase. This phase consists of visualization, conceptualization, programming, cost planning, architectural, structural, systems design, analysis, detailing, coordination, and specification. As most of the information about the project planning and execution is provided in this phase, owners, contractors, architects, and engineers can easily visualize the entire project. The preconstruction phase mainly consists of developing BIM models, clash detection and BIM co-ordination, and extraction of 2D drawings.

Building application to account for the largest building information modeling market share and to grow at the fastest rate during the forecast period

Building information modeling is widely used in building applications to reduce the cost overrun and time overrun, which may help in reducing the delays in the project. With the help of various tools such as 3D modeling and clash detection, it helps efficiently plan, design, construct and manage buildings. Buildings account for a larger share of the building information modeling market compared with any other application because of the increasing number of buildings or construction projects, along with business centers, shopping centers, and retail shops. It is a step forward in leveraging building information modeling toward the innovative presentation of projects in the form of informative and simulations models.

Building Information Modeling Market

APAC to witness the highest CAGR in building information modeling market during the forecast period

APAC is one of the emerging and the fastest-growing market for building information modeling. The countries in this region wherein BIM systems have a considerable market include China, Japan, India, and South Korea. Being the largest emerging market in the world, APAC is expected to lead the construction industry, accounting for a significant number of construction projects carried out worldwide. Countries such as Japan, South Korea, Australia, and Singapore have made certain mandates for the adoption of building information modeling, while countries such as China and India are expected to adopt building information modeling in coming years. Governments have started imposing new regulations regarding the building construction permit. Japan, China, South Korea, Australia, and Singapore have already made BIM documents mandatory, especially for public buildings, along with green certification-related documents.

Key Market Players

include Autodesk (US); Nemetschek (Germany); Bentley Systems (US); Trimble (US); Dassault Systθmes (France); RIB (Germany); Asite (UK); AVEVA (UK); Hexagon (Sweden); Archidata (Canada); Pφyry (Finland); Beck Technology (US); Computers and Structures (US); Robert McNeel & Associates (US); 4M Company (US); CCT International (Lebanon) are among the major players in the building information modeling market.

Scope of the Report

Report Metric

Details

Market Size Availability for Years

2015–2024

Base Year

2018

Forecast Period

2019–2024

Forecast Units

Value (USD)

Segments Covered

By type, project life cycle, application, and end-user 

Geographies Covered

North America, Europe, APAC, and RoW

Companies Covered

Autodesk, Nemetschek, Bentley Systems, Trimble, and Dassault Systθmes.
A total of 20 players are covered.

This research report categorizes the building information modeling market, by type, project life cycle, application, end-user, and region

Based on Type, the building information modeling market has been classified into the following segments:

  • Software
    • Architectural Design
    • Sustainability
    • Structure
    • MEP
    • Construction
    • Facility Management.
  • Services
    • Software Support and Maintenance
    • Project Management and Support.

Based on the Project Life Cycle, the building information modeling market has been classified into the following segments:

  • Preconstruction
  • Construction
  • Operations

Based on the Applications, the building information modeling market has been classified into the following segments:

  • Buildings
  • Industrial
  • Civil Infrastructure
  • Oil & Gas
  • Utilities
  • Others

Based on the End-User, the building information modeling market has been classified into the following segments:

  • AEC
  • Consultants and Facility Managers
  • Others

Based on Regions, the building information modeling market has been classified into the following:

  • North America
  • Europe
  • APAC
  • RoW (South America, Middle East & Africa)

Key Questions Addressed by the Report

  • Which are the major applications in the building information modeling market?
  • Which type of software would lead the building information modeling market during the forecast period?
  • What strategies are adopted by building information modeling providers to stay ahead in the building information modeling market?
  • What are the growth perspectives of this building information modeling market in different regions?
  • What are drivers, opportunities, restraints, and challenges that influence the growth of the building information modeling market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in BIM Market
    4.2 BIM Market, By Project Life Cycle
    4.3 BIM Market, By Application and Country
    4.4 Country-Wise BIM Market Growth Rate

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Urbanization and Infrastructure Projects
                    5.2.1.2 Growing Benefits Offered By BIM for AEC Industry
                    5.2.1.3 Increasing Government Mandates for BIM Adoption
           5.2.2 Restraints
                    5.2.2.1 Handling Initial High Cost of BIM
           5.2.3 Opportunities
                    5.2.3.1 Growing Use of AR/VR and Adoption of Green BIM
                    5.2.3.2 Rising Trends of IoT
                    5.2.3.3 Increasing Trends of BIM
           5.2.4 Challenges
                    5.2.4.1 Low Digitization in Construction Industry

6 Market, By Type (Page No. - 40)
    6.1 Introduction
    6.2 Software
           6.2.1 Architectural Design
                    6.2.1.1 Architectural Design to Lead the Market as BIM is Widely Used for Modeling By Architects
           6.2.2 Sustainabilty
                    6.2.2.1 Sustainability Software Helps Create Energy-Efficient Buildings
           6.2.3 Structure
                    6.2.3.1 Structural Analysis is Done to Calculate the Stability, Strength, and Rigidity of Structures to Be Built
           6.2.4 Mep
                    6.2.4.1 BIM Helps Mep Engineers Keep Design Data Coordinated, Minimize Errors, and Experience Enhanced Collaboration
           6.2.5 Construction
                    6.2.5.1 BIM Mainly Used for Simulation, Estimating, and Construction Analysis in Construction Process
           6.2.6 Facility Management
                    6.2.6.1 BIM Allows Facility Managers to Take Informed Decisions Through the Whole Life Cycle
    6.3 Services
           6.3.1 Software Support and Maintenance
                    6.3.1.1 BIM Software Support and Maintenance Service Benefits Contractors and Building Owners
           6.3.2 Project Management and Support
                    6.3.2.1 BIM in Project Management and Support Services Helps in Improved Collaboration and Control Among Various Stakeholders

7 Market, By Project Life Cycle (Page No. - 59)
    7.1 Introduction
    7.2 Preconstruction
           7.2.1 Preconstruction Phase to Dominate BIM Market
    7.3 Construction
           7.3.1 Major Subtasks are Performed in Construction Phase
    7.4 Operations
           7.4.1 Operations Phase Helps Improve Quality and Efficiency of A Building

8 Market, By Application (Page No. - 66)
    8.1 Introduction
    8.2 Buildings
           8.2.1 Building Application to Dominate BIM Market Due to Its Adoption in Commercial and Residential Buildings
    8.3 Industrial
           8.3.1 BIM to Be Used in Industrial Applications for Upgrading Industrial Facility and Construction
    8.4 Civil Infrastructure
           8.4.1 Civil Infrastructure Application to Hold Significant Share Due to High Adoption of BIM in Government-Based Infrastructure Projects
    8.5 Oil & Gas
           8.5.1 Oil & Gas to Hold Significant Share Due to Use of Mep Software
    8.6 Utilities
           8.6.1 BIM Reduces Overall Construction Budget Costs
    8.7 Others

9 Market, By End User (Page No. - 85)
    9.1 Introduction
    9.2 AEC
           9.2.1 AEC Segment to Lead BIM Market, By End User, Due to High Adoption of BIM
    9.3 Consultants and Facility Managers
           9.3.1 Consultants and Facility Managers to Use BIM for Reducing Cost Overrun and Delays
    9.4 Others

10 Geographic Analysis (Page No. - 90)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 Strong Economic Position and Active Government Support Contribute to Large-Scale Adoption of Advanced Technologies in the Construction Segment in the US
             10.2.2 Canada
                        10.2.2.1 Significant Rise in BIM Due to Growing Awareness About BIM
             10.2.3 Mexico
                        10.2.3.1 Promising Growth in the Construction Industry to Fuel the Growth of BIM in Mexico
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Increasing Number of Pilot Projects Would Lead to Higher Adoption of BIM
             10.3.2 UK
                        10.3.2.1 UK to Lead the Market in Europe Due to Government Mandates for BIM
             10.3.3 France
                        10.3.3.1 Initiatives Taken By Construction Companies to Adopt BIM Would Surge BIM Market Growth
             10.3.4 Italy
                        10.3.4.1 Implementation of “Decree BIM” By the Government to Fuel the Growth of BIM
             10.3.5 Spain
                        10.3.5.1 Rising Collaborative Work of Government, Construction Players, and BIM Experts to Adopt BIM
             10.3.6 Rest of Europe
     10.4 APAC
             10.4.1 China
                        10.4.1.1 Rising Investment in Infrastructure to Fuel the Growth of BIM in China
             10.4.2 Japan
                        10.4.2.1 Adoption of Digital Technologies in Infrastructure to Drive BIM Market in Japan
             10.4.3 India
                        10.4.3.1 BIM to Be Adopted More in Public Projects in India
             10.4.4 South Korea
                        10.4.4.1 Government Mandates to Use BIM for Projects in Public Domain in the Country
             10.4.5 Rest of APAC
     10.5 RoW
             10.5.1 Middle East and Africa
                        10.5.1.1 Oil & Gas Industry to Grow at Fastest Rate for BIM in Middle East and Africa
             10.5.2 South America
                        10.5.2.1 Adoption of BIM in South America to Be Driven By AEC Industry

11 Competitive Landscape (Page No. - 122)
     11.1 Overview
     11.2 Market Ranking Analysis
             11.2.1 Product Launches
             11.2.2 Agreements, Collaborations, Partnerships, and Contracts
             11.2.3 Mergers & Acquisitions
             11.2.4 Expansions
     11.3 Competitive Leadership Mapping
             11.3.1 Visionary Leaders
             11.3.2 Innovators
             11.3.3 Dynamic Differentiators
             11.3.4 Emerging Players

12 Company Profiles (Page No. - 128)
     12.1 Introduction
     12.2 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
             12.2.1 Autodesk
             12.2.2 Nemetschek
             12.2.3 Bentley Systems
             12.2.4 Trimble
             12.2.5 Dassault Systθmes
             12.2.6 RIB Software
             12.2.7 Asite
             12.2.8 Aveva
             12.2.9 Hexagon
             12.2.10 Archidata
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
     12.3 Other Key Players
             12.3.1 ACCA Software
             12.3.2 Arcadiasoft
             12.3.3 Procore Technologes
             12.3.4 Smartbim Technologies
             12.3.5 Pφyry
             12.3.6 Beck Technology
             12.3.7 Computers and Structures
             12.3.8 Robert Mcneel & Associates
             12.3.9 4M Company
             12.3.10 CCT International

13 Appendix (Page No. - 163)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (113 Tables)

Table 1 Building Information Modeling Market, By Type, 2015–2024 (USD Million)
Table 2 Market, By Software Type, 2015–2024 (USD Million)
Table 3 Market for Software Type, By Application, 2015–2024 (USD Million)
Table 4 Market for Software Type, By Project Life Cycle, 2015–2024 (USD Million)
Table 5 Market for Software Type, By Region, 2015–2024 (USD Million)
Table 6 Market for Architectural Design Software Type, By Application, 2015–2024 (USD Million)
Table 7 Market for Architectural Design Software Type, By Project Life Cycle, 2015–2024 (USD Million)
Table 8 Market for Architectural Design Software Type, By Region, 2015–2024 (USD Million)
Table 9 Market for Sustainability Software Type, By Application, 2015–2024 (USD Million)
Table 10 BIM Market for Sustainability Software Type, By Project Life Cycle, 2015–2024 (USD Million)
Table 11 Market for Sustainability Software Type, By Region, 2015–2024 (USD Million)
Table 12 Market for Structural Software Type, By Application, 2015–2024 (USD Million)
Table 13 Market for Structural Software Type, By Project Life Cycle, 2015–2024 (USD Million)
Table 14 Market for Structural Software Type, By Region, 2015–2024 (USD Million)
Table 15 Market for Mep Software Type, By Application, 2015–2024 (USD Million)
Table 16 Market for Mep Software Type, By Project Life Cycle, 2015–2024 (USD Million)
Table 17 Market for Mep Software Type, By Region, 2015–2024 (USD Million)
Table 18 Market for Construction Software Type, By Application, 2015–2024 (USD Million)
Table 19 Market for Construction Software Type, By Project Life Cycle, 2015–2024 (USD Million)
Table 20 Market for Construction Software Type, By Region, 2015–2024 (USD Million)
Table 21 Market for Facility Management Software Type, By Application, 2015–2024 (USD Million)
Table 22 Market for Facility Management Software Type, By Project Life Cycle, 2015–2024 (USD Million)
Table 23 BIM Market for Facility Management Software Type, By Region, 2015–2024 (USD Million)
Table 24 Market, By Service Type, 2015–2024 (USD Million)
Table 25 Market for Service Type, By Application, 2015–2024 (USD Million)
Table 26 Market for Service Type, By Project Life Cycle, 2015–2024 (USD Million)
Table 27 Market for Service Type, By Region, 2015–2024 (USD Million)
Table 28 Market for Software Support and Maintenance Service Type, By Application, 2015–2024 (USD Million)
Table 29 Market for Software Support and Maintenance Service Type, By Project Life Cycle, 2015–2024 (USD Million)
Table 30 Market for Software Support & Maintainance Service Type, By Region, 2015–2024 (USD Million)
Table 31 Market for Project Management Support Service Type, By Application, 2015–2024 (USD Million)
Table 32 Market for Project Management & Support Service Type, By Region, 2015–2024 (USD Million)
Table 33 Market for Project Management Support Service Type, By Project Life Cycle, 2015–2024 (USD Million)
Table 34 Market, By Project Life Cycle, 2015–2024 (USD Million)
Table 35 Market for Preconstruction Phase, By Type, 2015–2024 (USD Million)
Table 36 Market for Preconstruction Phase, By Software Type, 2015–2024 (USD Million)
Table 37 Market for Preconstruction Phase, By Service Type, 2015–2024 (USD Million)
Table 38 Market for Construction Phase, By Type, 2015–2024 (USD Million)
Table 39 Market for Construction Phase, By Software Type, 2015–2024 (USD Million)
Table 40 Market for Construction Phase, By Service Type, 2015–2024 (USD Million)
Table 41 Market for Operations Phase, By Type, 2015–2024 (USD Million)
Table 42 Market for Operations Phase, By Software Type, 2015–2024 (USD Million)
Table 43 Market for Operations Phase, By Service Type, 2015–2024 (USD Million)
Table 44 Market, By Application, 2015–2024 (USD Million)
Table 45 Market, By Service Type, 2015–2024 (USD Million)
Table 46 Market for Building Applications, By Type, 2015–2024 (USD Million)
Table 47 Market for Building Applications, By Software Type, 2015–2024 (USD Million)
Table 48 Market for Building Applications, By Service Type, 2015–2024 (USD Million)
Table 49 Market for Building Applications, By Region, 2015–2024 (USD Million)
Table 50 Market for Industrial Applications, By Type, 2015–2024 (USD Million)
Table 51 Market for Industrial Applications, By Software Type, 2015–2024 (USD Million)
Table 52 Market for Industrial Applications, By Service Type, 2015–2024 (USD Million)
Table 53 Market for Industrial Applications, By Region, 2015–2024 (USD Million)
Table 54 Market for Civil Infrastructure Application, By Type, 2015–2024 (USD Million)
Table 55 Market for Civil Infrastructure Applications, By Software Type, 2015–2024 (USD Million)
Table 56 Market for Civil Infrastructure Applications, By Service Type, 2015–2024 (USD Million)
Table 57 Market for Civil Infrastructure Applications, By Region, 2015–2024 (USD Million)
Table 58 Market for Oil & Gas Applications, By Type, 2015–2024 (USD Million)
Table 59 Market for Oil & Gas Applications, By Software Type, 2015–2024 (USD Million)
Table 60 Market for Oil & Gas Applications, By Service Type, 2015–2024 (USD Million)
Table 61 Market for Oil & Gas Applications, By Region, 2015–2024 (USD Million)
Table 62 Market for Utilities Applications, By Type, 2015–2024 (USD Million)
Table 63 Market for Utilities Applications, By Software Type, 2015–2024 (USD Million)
Table 64 Market for Utilities Applications, By Service Type, 2015–2024 (USD Million)
Table 65 Market for Utilities Applications, By Region, 2015–2024 (USD Million)
Table 66 Market for Other Applications, By Type, 2015–2024 (USD Million)
Table 67 Market for Other Applications, By Software Type, 2015–2024 (USD Million)
Table 68 Market for Other Applications, By Service Type, 2015–2024 (USD Million)
Table 69 Market for Other Applications, By Region, 2015–2024 (USD Million)
Table 70 Market, By End User, 2015–2024 (USD Million)
Table 71 Market for AEC End Users, 2015–2024 (USD Million)
Table 72 Market for Consultants & Facility Managers End Users, 2015–2024 (USD Million)
Table 73 Market, By Region, 2015–2024 (USD Million)
Table 74 Market in North America, By Country, 2015–2024 (USD Million)
Table 75 Market in North America, By Application, 2015–2024 (USD Million)
Table 76 Market in North America, By Type, 2015–2024 (USD Million)
Table 77 Market in North America, By Software Type, 2015–2024 (USD Million)
Table 78 Market in North America, By Service Type, 2015–2024 (USD Million)
Table 79 Market in US, By Application, 2015–2024 (USD Million)
Table 80 Market in Canada, By Application, 2015–2024 (USD Million)
Table 81 Market in Mexico, By Application, 2015–2024 (USD Million)
Table 82 Market in Europe, By Country, 2015–2024 (USD Million)
Table 83 Market in Europe, By Application, 2015–2024 (USD Million)
Table 84 Market in Europe, By Type, 2015–2024 (USD Million)
Table 85 Market in Europe, By Software Type, 2015–2024 (USD Million)
Table 86 Market in Europe, By Service Type, 2015–2024 (USD Million)
Table 87 Market in Germany, By Application, 2015–2024 (USD Million)
Table 88 Market in UK, By Application, 2015–2024 (USD Million)
Table 89 BIM Market in France, By Application, 2015–2024 (USD Million)
Table 90 Market in Italy, By Application, 2015–2024 (USD Million)
Table 91 Market in Spain, By Application, 2015–2024 (USD Million)
Table 92 Market in Rest of Europe, By Application, 2015–2024 (USD Million)
Table 93 Market in APAC, By Country, 2015–2024 (USD Million)
Table 94 Market in APAC, By Application, 2015–2024 (USD Million)
Table 95 Market in APAC, By Type, 2015–2024 (USD Million)
Table 96 Market in APAC, By Software Type, 2015–2024 (USD Million)
Table 97 Market in APAC, By Service Type, 2015–2024 (USD Million)
Table 98 Market in China, By Application, 2015–2024 (USD Million)
Table 99 Market in Japan, By Application, 2015–2024 (USD Million)
Table 100 Market in India, By Application, 2015–2024 (USD Million)
Table 101 Market in South Korea, By Application, 2015–2024 (USD Million)
Table 102 Market in Rest of APAC, By Application, 2015–2024 (USD Million)
Table 103 Market in RoW, By Region, 2015–2024 (USD Million)
Table 104 Market in RoW, By Application, 2015–2024 (USD Million)
Table 105 Market in RoW, By Type, 2015–2024 (USD Million)
Table 106 Market in RoW, By Software Type, 2015–2024 (USD Million)
Table 107 Market in RoW, By Service Type, 2015–2024 (USD Million)
Table 108 Market in Middle East & Africa, By Application, 2015–2024 (USD Million)
Table 109 BIM Market in Middle East & Africa, By Application, 2015–2024 (USD Million)
Table 110 Product Launch, 2017–2019
Table 111 Agreement, Collaboration,Partnership, and Contract, 2017–2019
Table 112 Merger & Acquisition, 2018–2019
Table 113 Expansion, 2018


List of Figures (53 Figures)

Figure 1 BIM Market: Process Flow of Market Size Estimation
Figure 2 BIM Market: Research Design
Figure 3 BIM Market: Bottom-Up Approach
Figure 4 BIM Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for Research Study
Figure 7 Software to Account for Larger Size of BIM Market By 2024
Figure 8 Buildings Application to Grow at Highest CAGR During Forecast Period
Figure 9 Preconstruction Phase to Hold Largest Share of BIM Market By Project Life Cycle By 2024
Figure 10 North America to Hold Largest Share of Global BIM Market By 2024
Figure 11 Growing Adoption of BIM in Building and Infrastructure Projects Surge Market Growth During Forecast Period
Figure 12 Preconstruction to Dominate BIM Market, By Project Life Cycle By 2024
Figure 13 Building Application and US to Account for Largest Share of BIM Market By 2024
Figure 14 BIM Market in China to Grow at Highest CAGR During Forecast Period
Figure 15 BIM Market Dynamics
Figure 16 BIM Market, By Type
Figure 17 Software to Hold Larger Size of Market
Figure 18 Architectural Design to Dominate Market, By Software
Figure 19 Software Support and Maintenance Service to Dominate Market During Forecast Period
Figure 20 Project Life Cycle of BIM
Figure 21 Preconstruction Phase to Dominate BIM Market for Project Life Cycle During Forecast Period
Figure 22 Market, By Application
Figure 23 Building Application to Dominate BIM Market During Forecast Period
Figure 24 Architectural Design to Dominate Market for Bulding Applications During Forecast Period
Figure 25 Software Type to Hold Larger Size of Market for Industrial Applications During Forecast Period
Figure 26 Architectural Design Software Type to Dominate Market for Civil Infrastructure Applications During Forecast Period
Figure 27 Software Type to Dominate Market for Oil & Gas Applications During Forecast Period
Figure 28 Architectural Design Software Type to Dominate Market for Utilities During Forecast Period
Figure 29 BIM Market, By End User
Figure 30 AEC to Dominate BIM Market
Figure 31 North America to Hold Largest Size of Market During Forecast Period
Figure 32 North America: Snapshot of Market
Figure 33 US to Dominate Market in North America During Forecast Period
Figure 34 Building Application to Dominate Market in North America During Forecast Period
Figure 35 Europe: Snapshot of BIM Market
Figure 36 UK to Dominate Market in Europe During
Figure 37 Building Application to Lead BIM Market in Europe During Forecast Period
Figure 38 APAC: Snapshot of Market
Figure 39 China to Be Fastest-Growing Country for Market in APAC During Forecast Period
Figure 40 Buildings Application to Dominate BIM Market in APAC During Forecast Period
Figure 41 Middle East & Africa to Dominate Market in RoW During Forecast Period
Figure 42 Buildings Application to Hold the Largest Size for Market in RoW During Forecast Period
Figure 43 Organic and Inorganic Strategies Adopted By Companies Operating in BIM Market
Figure 44 Market Player Ranking, 2018
Figure 45 BIM Market (Global) Competitive Leadership Mapping, 2018
Figure 46 Autodesk: Company Snapshot
Figure 47 Nemetschek: Company Snapshot
Figure 48 Trimble: Company Snapshot
Figure 49 Dassault Systθmes: Company Snapshot
Figure 50 RIB Software: Company Snapshot
Figure 51 Asite: Company Snapshot
Figure 52 Aveva: Company Snapshot
Figure 53 Hexagon: Company Snapshot

The study has involved four major activities in estimating the size of the building information modeling market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods have been used to estimate the market for segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard and silver-standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The building information modeling market comprises several stakeholders, such as BIM software providers, service providers, and end-users from various verticals in the supply chain. The supply side of this market includes various software providers such as architectural design, sustainability, structure, MEP, construction, and facility management and service providers such as software support and maintenance and project management and support. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows—

Building Information Modeling Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the building information modeling market. These methods have also been used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size is as follows:

  • Key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • Revenue of various BIM  software providers is considered to arrive at global numbers.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides across multiple software providers, service providers, and end-users.

Report Objectives

  • To describe and forecast the building information modeling market, in terms of  value, by type, project life cycle, application, and end-users
  • To describe and forecast the market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding factors such as drivers, restraints, opportunities, and challenges that influence the growth of the market
  • To strategically analyze micro markets with regard to individual growth trends, prospects, and contributions to the total market
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches such as product launches and developments, acquisitions, contracts, agreements, and partnerships in the market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players
Report Code
SE 2815
Published ON
Sep, 2019
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