IMARC Group, a leading market research company, has recently released a report titled “Building Information Modeling (BIM) Market Report by Offering Type (Software, Services), Deployment Mode (On-premises, Cloud-based), Application (Preconstruction, Construction, Operations), End Use Sector (Commercial, Residential, Industrial), End User (Architects and Engineers, Contractors and Developers, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the building information modeling market share, trends, size, and industry growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global building information modeling market size reached US$ 8.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 28.4 Billion by 2032, exhibiting a growth rate (CAGR) of 13.7% during 2024-2032.
Global Building Information Modeling Market Trends:
The global building information modeling (BIM) market is driven by several key factors shaping its growth trajectory, such as the increasing adoption of BIM across various sectors such as construction, architecture, engineering, and facility management is propelling market expansion. This adoption is fueled by the desire for enhanced collaboration, efficiency, and cost-effectiveness throughout the project lifecycle. In line with this, government mandates and regulations promoting the use of BIM in construction projects, particularly in developed regions like North America and Europe, are driving market growth.
Moreover, the rising demand for sustainable building practices and green construction initiatives is incentivizing the adoption of BIM software and solutions to optimize resource utilization and reduce environmental impact.
Additionally, the growing need for efficient project management and risk reduction in complex construction projects is fueling the demand for BIM tools that enable better visualization, simulation, and analysis.
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Factors Affecting the Growth of the Building Information Modeling Industry:
Increasing Adoption Across Various Sectors:
The global building information modeling (BIM) market is experiencing a surge in adoption across diverse sectors, including construction, architecture, engineering, and facility management. This trend is driven by the desire for enhanced collaboration, efficiency, and cost-effectiveness throughout the project lifecycle. BIM enables stakeholders to collaborate seamlessly by providing a centralized platform for sharing and accessing project information in real time. This facilitates better communication and coordination among team members, leading to improved project outcomes.
Additionally, BIM streamlines workflows by digitizing manual processes such as drafting and documentation, resulting in time and cost savings. As organizations recognize the benefits of BIM in driving productivity and innovation, its adoption continues to grow across various industries, fueling the expansion of the global market.
Government Mandates and Regulations:
Government mandates and regulations mandating the use of BIM in construction projects are significant drivers of market growth, particularly in developed regions like North America and Europe. These regulations aim to enhance building quality, safety, and sustainability by leveraging digital technologies like BIM. Governments worldwide are increasingly recognizing the potential of BIM to improve project outcomes and streamline construction processes. As a result, they are implementing policies that require the use of BIM in public infrastructure projects or incentivizing its adoption through subsidies and tax benefits. This regulatory push is encouraging construction firms and other stakeholders to invest in BIM solutions to comply with requirements and capitalize on the associated benefits, driving market expansion.
Rising Demand for Sustainable Building Practices:
The rising demand for sustainable building practices and green construction initiatives is driving the adoption of BIM software and solutions. BIM enables stakeholders to design, simulate, and analyze environmentally friendly building designs, optimizing resource utilization and reducing environmental impact. By integrating sustainability considerations into the design and construction phases, BIM helps identify opportunities for energy efficiency, waste reduction, and use of renewable materials.
Moreover, BIM facilitates lifecycle assessment and performance monitoring of buildings, enabling continuous improvement in sustainability performance. As sustainability becomes a key priority for governments, businesses, and consumers alike, the demand for BIM solutions that support green building practices is expected to continue rising. This trend not only benefits the environment but also presents lucrative opportunities for companies operating in the global BIM market to cater to the growing demand for sustainable construction solutions.
Building Information Modeling Market Report Segmentation:
By Offering Type:
- Software
- Services
Software represents the largest segment due to the widespread adoption of digital tools for design, collaboration, and project management.
By Deployment Mode:
- On-premises
- Cloud-based
On-premises deployment mode is the largest segment because many organizations prefer to maintain control over their BIM systems and data security by hosting them locally.
By Application:
- Preconstruction
- Construction
- Operations
Preconstruction is the largest application segment as BIM is extensively used during the planning and design phases to visualize projects, detect clashes, and estimate costs.
By End Use Sector:
- Commercial
- Residential
- Industrial
The commercial sector represents the largest end-use segment as BIM is heavily utilized in commercial construction projects for office buildings, retail spaces, and mixed-use developments.
By End User:
- Architects and Engineers
- Contractors and Developers
- Others
Architects and engineers constitute the largest end-user segment because they are key stakeholders involved in the design and implementation of construction projects, relying on BIM for its comprehensive modeling and analysis capabilities.
Regional Insights:
- North America
- Asia Pacific
- Europe
- Latin America
North America leads the market due to its early adoption of BIM technologies, supportive government policies, and robust construction industry.
Competitive Landscape With Key Players:
The competitive landscape of building information modeling (BIM) market size has been studied in the report with the detailed profiles of the key players operating in the market
Some of These Key Players Include:
- ABB Ltd.
- AECOM
- Autodesk Inc.
- Aveva Group Plc (Schneider Electric)
- Beck Technology Ltd.
- Bentley Systems Incorporated
- Dassault Systèmes SE
- Hexagon AB
- Nemetschek SE
- Trimble Inc.
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Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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