PUBLISHER: Orion Market Research | PRODUCT CODE: 1778446
PUBLISHER: Orion Market Research | PRODUCT CODE: 1778446
Building Information Modeling Market Size, Share & Trends Analysis Report by Component (Solution and Services), by Deployment Mode (Premise and Cloud-Based), by Project Life Cycle (Preconstruction, Construction and Operations), by Building Type (Commercial, Residential and Industrial), by Application (Planning & Modelling, Construction & Design, Asset Management, Building System Analysis & Maintenance Scheduling and Others), and by End-User (Architects/Engineers, Contractors and Others) Forecast Period (2025-2035)
Industry Overview
Building Information Modeling (BIM) market size was $8,250 million in 2024 and is projected to grow to $35,545 million by 2035, witnessing a CAGR of 14.2% during the forecast period (2025-2035). The Increasing demand in construction industries for collaborative processes, technological advancements such as artificial intelligence (AI), the internet of things (IoT), and cloud-based solutions are driving the building information modeling market. Additionally, rapid urbanization and infrastructure expansion, especially in developing countries, are driving the demand for BIM solutions to streamline large-scale construction projects.
Market Dynamics
Technological Advancements in Building Information Modelling
Building information modelling plays a critical role in the Architecture, Engineering, and Construction (AEC) industries, by allowing AI and machine learning integration, cloud-based BIM solutions, augmented & virtual reality (AR/VR), and mixed reality (MR). VR is technology used in research associated with sustainable energy performance, intelligent construction engineering management, facility management, and public services of smart cities (specifically transportation and tourism). The combination of BIM and VR facilitates immersive visualization of the design, increasing understanding and decision-making. Through BIM VR software, users can get more intuitive responses and improved spatial awareness. For instance, Life Cycle Assessment (LCA) software such as SimaPro, GaBi, Umberto NXT, and Athena are virtual reality technologies that increase the efficiency, accuracy, and environmental studies of buildings, simplify the data analysis process, and allow proper quantification of environmental impacts. Moreover, the architecture, engineering, and construction industries are embracing these technologies for development and propelling BIM demand further.
Growing Construction and Infrastructure Development Driving Market Growth
The increasing demand for quality control and precision in the construction industry drives the use of information models for design, build, maintain, and environmental assessments of buildings. According the European Construction Industry Federation, in 2024, they predict that the wider adoption of BIM will unlock 15-25% savings to the global infrastructure market by 2025, If BIM adoption across Europe will deliver 10.0% savings to the construction sector, then an additional $141.6 billion would be generated for the $1.416 trillion market.
Market Segmentation
Solution Segment to Lead the Market with the Largest Share
The demand for software solutions for precision and quality has risen owing to the higher requirement for the Architecture, Engineering, and Construction industries (AEC). Cloud-based BIM software solution offers several advantages, including easy access to project data from anywhere, real-time collaboration among team members, and automatic software updates. For instance, Design authoring software provides the ability to aid the design and construction by generating data for multiple uses, in 2D and 3D, Tools may be specific to a discipline and use parametric capabilities using a combination of graphical information and data such as Revit (Autodesk), Tekla Structures (Trimble) and MicroStation (Bentley). Additionally, Scheduling software provides the ability to schedule work, and some software integrates the graphical model with time-based capabilities to provide construction sequencing (often referred to as 4D Modelling), such as Vico Office (Trimble), Synchro Pro (Synchro Software), and Navisworks (Autodesk).
Construction Industry: A Key Segment in Market Growth
BIM transformed the construction industry by facilitating instant sharing of information, 3D visualization, and enhanced decision-making, with a consequent minimization of errors and a reduction in the timelines of the project. The construction industry is most important in spreading the BIM market as the construction industry more and more embraces the use of digital solutions to raise project efficiency, collaboration, and affordability. Most governments around the globe, such as the UK, the U.S., and India, have established BIM as mandatory for public infrastructure projects, boosting its usage in the construction industry. For instance, the UK government made BIM mandatory on all publicly funded projects from 2016 (Efficiency and Reform Group, 2011). This makes it possible to increase efficiency, collaboration, and data management in the construction industry.
The global building information modeling market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
BIM Implementation and Policy Development in the European Public Sector
Adoption and use of BIM in the UK are growing because the UK Government has made major efforts to standardize its adoption. As a part of this, the UK government mandated all publicly funded projects to use BIM from 2016 (Efficiency and Reform Group, 2011). This requirement is to enhance efficiency, coordination, and data management across the construction sector. The BIM industry working group (2011) describes BIM implementation in the UK on four levels: Level 0, Level 1, Level 2, and Level 3. Level 2 has been enforced by the UK government for all UK public sector projects with a managed 3D environment where disciplines have multiple BIM tools with data on them. It supports 4D scheduling (time) and 5D cost estimation, enhancing project coordination. Though integration is present via proprietary interfaces or middleware, full interoperability is still to be attained. Imposing Level 2 BIM on the construction sector, the UK Government has made the world a benchmark for digital construction practices and has nudged the industry towards a systematic approach to project collaboration, cost savings, and long-term asset management. Future progress towards Level 3 BIM is certain to further integrate and innovate the construction sector.
Asia-Pacific Region Dominates the Market
Asia-Pacific has a considerable share of the building information modeling market. As per the India Brand Equity Foundation (IBEF), Infrastructure in India plays an important role in making India a $26 trillion economy. Indian government continues to invest in building and developing physical infrastructure, especially with the ease of doing business efforts, which continue to be at the core to improve efficiency and costs. The government's focus on future-proof infrastructure has been seen with the recent flurry of initiatives taken. Further, the $1.3 trillion national infrastructure master plan, Gati Shakti, an enabler to bring in systemic and efficient reforms in the sector, will be fueling demand for construction-driven BIM solutions and services.
The major companies operating in the global building information modeling market include Autodesk Inc., Bentley Systems Inc., Graphisoft SE, Nemetschek Group, Siemens AG, and Trimble Inc. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments