Building Information Modeling Market

Autodesk (US) and Nemetschek (Germany) are leading players in Building Information Modeling Market

The building information modeling market was valued at USD 5.4 billion in 2020 and is projected to reach USD 10.7 billion by 2026. It is expected to grow at a CAGR of 12.5% during the forecast period.  Rising adoption of remote working due to COVID-19, rapid rise in urbanization globally, wide-ranging benefits of BIM realized by AEC industry, and growing government initiatives for adoption of BIM are contributing to the growth of the building information modeling market. Rising trend of IoT in the construction sector, increasing trend of BIM, and growing focus of organizations on introducing new standards such as ISO 19650 in BIM market act as a growth opportunity for the market players.

Autodesk (US), Nemetschek (Germany), Bentley Systems (US), Trimble (US), Dassault Systèmes (France), RIB Software (Germany), ASITE (UK), AVEVA (UK), and Hexagon (Sweden) are the key players in the building information modeling market. These top players have strong portfolios of software and services and presence in both mature and emerging markets.

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Autodesk was founded in 1982 and is headquartered in California, US. It is a prominent player in 3D design, engineering, and entertainment software and services offering business solutions using the latest technologies. It serves customers in architecture, engineering and construction; product design and manufacturing; and digital media and entertainment industries. Moreover, the company has a significant geographic presence worldwide. The products offered by the company can be broadly classified into AutoCAD, AutoCAD 3D, AutoCAD LT, BIM 360, CAM Solutions, and Fusion 360. Architecture, Engineering, and Construction (AEC) includes AutoCAD, AutoCAD Civil3D, and Revit, which help users design, engineer, and construct predictable building and civil infrastructure projects that are commonly used by AEC industry experts.

Nemetschek is headquartered in Munich, Germany. The company is a leading software developer for the AEC and media & entertainment industries. It operates in four reportable segments—Design, Build, Manage, and Media & Entertainment. For AEC, Nemetschek offers BIM solutions through the Design, Build, and Manage segments. The BIM software offered by the company follows the open standard (Open BIM). So, any software from the Nemetschek Group can communicate with any other software of the group or a competitor software via open data and communication interfaces. This allows the user to transfer data, information, and digital models relevant to the construction process along with documentation throughout all the phases of the buildings design, construction, and management.

Related Reports:

Building Information Modeling Market with COVID-19 impact analysis by Deployment Type (On Premises, Cloud), Offering Type, Project Lifecycle (Preconstruction, Construction, Operation), Application, End user, & Region - Global Forecast to 2026

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Building Information Modeling Market Size,  Share & Growth Report
Report Code
SE 2815
RI Published ON
10/8/2021
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