Building Information Modeling Global Market Report 2023

“Building Information Modeling Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on building information modeling market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for building information modeling? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The building information modeling market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Deployment Type: On Premises Deployment; Cloud Deployment

• 2) By Project Lifecycle: Preconstruction; Construction; Operation

• 3) By Component: Software; Services

• 4) By Application: Planning and Modelling; Construction And Design; Assest Management; Building System Analysis And Maintenance Scheduling; Other Applications

• 5) By End User: Architects/Engineers; Contractors; Other End Users

• Companies Mentioned: Autodesk; Nemetschek; Bentley Systems; Trimble; Pentagon Solutions

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the building information modeling market are Autodesk, Nemetschek, Bentley Systems, Trimble, Pentagon Solutions, ASITE, AVEVA Group plc, Hexagon AB, ACCA Software Inc., Vector Networks Inc., Revit Modelling India, Pinnacle Infotech, Planon Group, LOD Planner Inc., Cadsoft Corp., Archidata Inc., and Tekla Corporation.

The global building information modeling market is expected to grow from $ 6.89 billion in 2022 to $8.12 billion in 2023 at a compound annual growth rate (CAGR) of 17.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The building information modeling market is expected to reach $14.89 billion in 2027 at a CAGR of 16.3%.

The building information modelling (BIM) market includes revenues earned by entities by providing services related to geographic BIM, structural BIM, concrete BIM and architectural BIM software. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Building Information Modelling (BIM) is a method of creating and handling data about a construction project across its entire life cycle. It integrates data from multiple fields to create elaborate digital renderings that can be managed in real time in an open cloud environment.

North America was the largest region in the building information modeling market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the building information modelling (BIM) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main deployment types of building information modeling solutions are on premises deployment and cloud deployment. The on premises building information modeling refers to the deployment of software on construction company premise. On-premise building information modeling software is deployed on the project site to increase data security associated with construction projects. The project lifecycle includes preconstruction, construction and operation. The major component types of building information modeling include software and services that are used in applications such as planning and modelling, construction and design, asset management, building system analysis and maintenance scheduling and others. It is used by architects/engineers, contractors and others.

The rapid rise in construction is expected to propel the modular construction market going forward. The construction industry is the industrial branch of trade and manufacturing concerned with constructing, repairing, renovating, and maintaining infrastructures. The construction activities create a demand for building information modelling to achieve higher productivity and shorter project lifecycles through increased communication and coordination. This enables the construction business to speed up the entire project by significantly reducing work and time. For instance, in June 2021, according to a report published by Canada's national statistical agency, the investment in building construction increased from $14294 million in April 2019 to $19273 million in 2020. Furthermore, in the 2022 U.S. Construction Cost Trends report, in the U.S., there is a rise in residential construction which will continue to drive up demand for materials and labor, escalating competition and cost pressures. In the U.S., total construction spending has increased by 16% since the pandemic's onset. Therefore, a rapid rise in construction is expected to drive the growth of building information modeling (BIM) market.

The rising trend of IoT (Internet of Things) in construction is gaining popularity in the building information modeling (BIM) market. IoT in construction can streamline the ordering and modeling processes, lowering the time necessary for ordering. Major players in the building information modeling sector are focused on developing IoT-based solutions to strengthen their position in the market. For instance, in March 2022, SIMLAB, a Poland-based technology company, incorporated BIM and IoT smart building technologies into Matterport Digital Twins. The technology enables construction project management stakeholders to better track and view several crucial points during the architectural design stage and to examine construction sites without requiring to be present onsite.

In March 2022, Autodesk, a US-based software Corporation, acquired Graitec for an undisclosed amount. The acquisition is expected to help Autodesk expand its service to serve its clients' needs better. Graitec is a France-based developer of BIM software.

The countries covered in the building information modelling (BIM) market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The building information modeling market research report is one of a series of new reports from The Business Research Company that provides building information modeling market statistics, including building information modeling industry global market size, regional shares, competitors with an building information modeling market share, detailed building information modeling market segments, market trends and opportunities, and any further data you may need to thrive in the building information modeling industry. This building information modeling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.