Building Information Modeling Market

Market Leadership - Building Information Modeling Market

The global building information modeling (BIM) market size is projected to grow from USD 4.9 billion in 2019 to USD 8.9 billion by 2024, at a CAGR of 12.7%. Major factors driving the growth of the building information modeling (BIM)  industry are the growing benefits offered by BIM for the AEC industry, increasing government mandates for BIM adoption, and rising urbanization and infrastructure projects.

Autodesk (US), Nemetschek (Germany), Bentley Systems (US), Trimble (US), Dassault Systèmes (France), RIB (Germany), Asite (UK), AVEVA (UK), Hexagon (Sweden), Archidata (Canada), Pöyry (Finland), Beck Technology (US), Computers and Structures (US), 4M Company (US), are the key players in the building information modeling market.

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Autodesk (US) was ranked first in the BIM market in 2018. The company was founded in 1982 and is headquartered in California, US. The company had significant geographic presence worldwide with 9,600 employees in 2018. The company is a prominent player in 3D design, engineering, and entertainment software and services offering business solutions through technology products and services. The company serves customers in architecture, engineering and construction; product design and manufacturing; and digital media and entertainment industries. The BIM software and solutions are used in most of the products mentioned above. The products offered by the company can be classified broadly into AutoCAD, AutoCAD 3D, AutoCAD LT, BIM 360, CAM Solutions, and Fusion 360. The AEC includes AutoCAD, AutoCAD Civil3D, and Revit, which help users to design, engineer, and construct predictable building and civil infrastructure projects that are commonly used by AEC industry experts.

Nemetschek (Germany) was ranked 2nd in the BIM market in 2018. It was founded in 1963 by Professor Georg Nemetschek and is headquartered in Munich, Germany. The company is a leading software developer for the AEC and media & entertainment industry. It operates in four reportable segments—Design, Build, Manage, and Media & Entertainment. For AEC, Nemetschek offers BIM solutions in Design, Build, and Manage segments. The BIM software provided by the company follows the open standard (Open BIM) so that any software from the Nemetschek Group can communicate with any other software of the group as well as its competitor software via open data and communication interfaces. With this, it allows the user to transfer data, information, and digital models that are relevant to the construction process with documentation throughout all the phases of the buildings design, construction, and management.

Related Reports:

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

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Report Code
SE 2815
RI Published ON
9/23/2019
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