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The building information modeling market share is projected to increase to USD 8.42 billion from 2021 to 2026 at an accelerating CAGR of 19.14%.
This building information modeling market analysis report extensively covers building information modeling market segmentations by the following:
The building information modeling market report offers information on several market vendors, including 4M SA Advanced Software Engineering Systems, ABB Ltd., ACCA software Spa, AECOM, Asite Solutions Ltd., Autodesk Inc., AVEVA Group Plc, Bentley Systems Inc., Cadsoft Corp., Dassault Systemes SE, GRAITEC Innovation SAS, Hexagon AB, Nemetschek SE, Pinnacle Infotech Inc., Plannerly, Planon Shared Services BV, Schneider Electric SE, Siemens AG, The Beck Group, and Trimble Inc. among others. One of the key highlights of this report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the future.
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The rise in the work from home model is notably driving the building information modeling market growth, although factors such as the low digitization rate in the construction industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the building information modeling industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Building Information Modeling Market Driver
Key Building Information Modeling Market Trend
Key Building Information Modeling Market Challenge
This building information modeling market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global building information modeling software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the building information modeling market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the building information modeling market encompasses successful business strategies deployed by the key vendors. The building information modeling market is fragmented and the vendors are deploying growth strategies such as product and service innovations, as well as mergers and acquisitions to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The building information modeling market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the building information modeling market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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40% of the market's growth will originate from North America during the forecast period. The US is the key market for building the information modeling market in North America. Market growth in this region will be slower than the growth of the market in other regions.
The rapidly growing urban population and the rising government spending will facilitate the building information modeling market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In the pre-COVID-19 situation, the BIM market was booming. The expected increase in the need for housing and infrastructure development as the world's population and economies continue to grow is likely to fuel the growth of the global construction industry, generating significant demand for BIM from construction professionals for the efficient planning, designing, and managing of building projects. Hence, the BIM market in focus is expected to grow during the forecast period.
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The building information modeling market share growth by the software segment will be significant during the forecast period. BIM software is a 3D design program that can aid in the optimization of designing in the fields of architecture, construction, plant, and civil. BIM models are virtualizations of a project's whole lifecycle, from conception to conclusion. Projects can be executed more efficiently, inexpensively, and with less environmental impact when BIM is used. Such significant use of BMI software will drive the BIM market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the building information modeling market size and actionable market insights on post COVID-19 impact on each segment.
5-D Building Information Modeling market - The market share is expected to increase to USD 840.99 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 15.68%.
Building Information Modeling Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 19.14% |
Market growth 2022-2026 |
USD 8.42 billion |
Market structure |
Fragmented |
YoY growth (%) |
18.36 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 40% |
Key consumer countries |
US, Japan, China, UK, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
4M SA Advanced Software Engineering Systems, ABB Ltd., ACCA software Spa, AECOM, Asite Solutions Ltd., Autodesk Inc., AVEVA Group Plc, Bentley Systems Inc., Cadsoft Corp., Dassault Systemes SE, GRAITEC Innovation SAS, Hexagon AB, Nemetschek SE, Pinnacle Infotech Inc., Plannerly, Planon Shared Services BV, Schneider Electric SE, Siemens AG, The Beck Group, and Trimble Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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