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Building Information Modeling Market by Type, Project life cycle, Application, Geography - Global Forecast to 2022

Building Information Modeling Market: Global Forecast until 2022

  • April 2017
  • 156 pages
  • ID: 4825391
In this report:
Out of all the listed applications, building applications accounted for a share of ~##% of the overall BIM market in 2016; the market for building applications is expected to grow at a CAGR of ##.##% during the forecast period.
Software accounted for the largest share of ~##% of the overall BIM market in 2016, and the market for software is expected to grow at a CAGR of ##.##% between 2017 and 2022.


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"The building information modeling market forecasted to grow at a significant rate"

The BIM market is forecasted to grow from ~$3.6B in 2017 to ~$7.6B by 2022, at a compound annual growth rate of ~16.5 percent during the forecast period. The enhanced communication and coordination through the asset lifecycle management process and government mandates for the usage of building information modeling in different developed countries are some of the main drivers for the BIM market. Nevertheless, high costs of building information modeling software required for the execution of different construction processes and long training periods providing to a decrease in the productivity of the construction firms are the top factors that are restraining the rise of the BIM market.

"Building application anticipated to capture biggest market share during the outlook period"

Among all the main applications of the BIM market, the building applications have been driving the sector. The extensive usage of building information modeling in the construction of retail and commercial buildings in the countries including the U.K. and the U.S.A is driving the industry for building applications. On the other hand, the sector for industrial application is anticipated to capture the second most important share between 2016 and 2022.

"The industry for services is forecasted to grow at the highest level rate between 2017 and 2022"

The BIM market for services is anticipated to rise at the maximal rate during the estimate period. The profits provided by integrated BIM services in the construction process including 2D drawings, 3D modeling, 4D scheduling, and 5D estimating power; and change management, clash management, visualization, layout, quantity take off, scheduling, and production control are anticipated to propel the increase of the BIM market for services. Nevertheless, the building information modeling software segment is forecasted to hold biggest market share of the BIM market between 2017 and 2022.

"BIM market in Asia-Pac forecasted to grow at a significant rate"

In terms of various geographic regions, the sector in the APAC area is forecast to grow at the highest compound annual growth rate (CAGR) during the outlook period. This market rise can be accredited to the quick increasing construction industry in Asia-Pacific. Several initiatives by different countries including the mandates by the Ministry of Land, Infrastructure, Transport, and Tourism in Japan (JP) and the establishment of unions including China BIM Union to foster the coordinated development of the country's BIM technology, standards, and software in China (CN), are also anticipated to contribute to the increase of the BIM market in Asia-Pac.

Key players' distribution profiles::

- By Company category: Tier 1 = 35.0 percent, Tier 2 = 45.0 percent, and Tier 3 = 20.0 percent

- By Description: C-suite executives = 35.0 percent, Directors = 25.0 percent, and Others = 40.0 percent

- By Area: North America (NA) = 45.0 percent, EU = 20.0 percent, Asia-Pacific = 30.0 percent, and RoW = 5.0 percent

Top actors in the BIM market are Autodesk Inc., Nemetschek SE, Trimble Navigation Limited, Bentley System, Incorporated, Asite Ltd., AVEVA, RIB Software AG, Dassault Systèmes, Archidata Inc., Intergraph Corporation, Beck Technology, Limited, Computers and Structures, Incorporated, Robert McNeel & Associates, and Cadsoft.

Segment Research

The study on the BIM market segments the market by category, project life cycle, application, and area. According to the type, the BIM market is broken down by type as software and services. According to several phases of project lifecycle, the BIM market is split on the basis of project lifecycle into pre-construction, construction, and operation. According to the adoption of BIM for different applications, the BIM market is divided on the basis of applications, that is, buildings, civil infrastructure, oil & gas, industrial, utilities, and others. Lastly, the overall BIM market is broken down into four regions, that is, North America continent, Europe (EU), Asia-Pac, and RoW.

The analysis would benefit the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the BIM market comprehensively and offers the closest approximations of the global market size and that of the sub-segments across distinct applications and localities.

2. The market research benefits partners to apprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report would benefit partners to comprehend their players better and acquire additional insights to improve their rank in the business sector. The competitive outlook section includes competitor landscape, market share review, and review of top 25 firms on the basis of the products offered and strategic management approved by them in the BIM market.

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