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Building Information Modeling Software Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 135
  • SKU: IRTNTR46671
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The building information modeling software market share is expected to increase by USD 18.05 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 20.12%.

The building information modeling software market has been broadly categorized into the following demographic segmentations: 

  • Product - Software and services
  • Geography - North America, Europe, APAC, Middle East and Africa, and South America

The building information modeling software 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 the building information modeling software market research report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.

What will the Building Information Modeling Software Market Size be During the Forecast Period?

Building Information Modeling Software Market Size

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Building Information Modeling Software Market: Key Drivers, Trends, and Challenges

The increasing requirements for large-scale project management is notably driving the building information modeling software market growth, although factors such as the high implementation and operating costs 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 software 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 Software Market Driver

  • One of the key drivers supporting the building information modeling software market growth is the increasing requirements for large-scale project management.
  • Currently, organizations are focusing on cultivating and managing the resources necessary for efficient product outputs, which increases the requirement for efficient solutions for large-scale construction project management.
  • The primary purpose of the BIM solutions is to automate processes to ensure maximum outputs by managing resources and maintaining a regular follow-up.
  • By using BIM solutions, revenue possibilities can be rapidly increased by calculating conversion ratios and running reports to track the metrics detailed as per customer demand. These features decrease the operating time. 
  • Automating the latest sales leads to notifying salespersons and becomes an easy task, which leads to lower workloads. Hence, automation increases overall productivity by growing sales. These benefits will drive the building information modeling software market growth during the forecast period.

Key Building Information Modeling Software Market Trend

  • One of the key building information modeling software market trends fueling the market growth is the growth of 5D BIM.
  • Construction projects undertaken through 3D BIM do not provide a platform for the integration of time and cost factors. This led to the emergence of 5D BIM, which considers more dimensions.
  • The 5D BIM enables in-house database with complete details regarding the cost and labor productivity rates.
  • The 5D BIM allows real-time cost estimation for an easy and quick comparison with the target cost. These benefits of 5D BIM will propel the building information modeling software market growth during the forecast period.

Key Building Information Modeling Software Market Challenge

  • One of the challenges impeding the building information modeling software market growth is the high implementation and operating costs. 
  • BIM solutions are complex and require trained professionals to use the software. Hence, the high cost of training associated with these solutions restricts the adoption of BIM software. 
  • A design or configuration tool often conducts tests to support the implementation. These add-on services add up to the cost of the product.
  • The ongoing war between Russia and Ukraine has adversely impacted the supply chain for construction materials across the world as both the countries are suppliers of critical materials such as metal and cement, which are needed in construction activities.
  • The IT service industry has also been adversely impacted by the war owing to the lack of workforce and the destruction of IT infrastructure, which has resulted in many IT companies pulling out of or ceasing operations in these countries. This, in turn, will have a negative impact on the building information modeling software market growth during the forecast period.

This building information modeling software 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.

Parent Market Analysis

Technavio categorizes the global building information modeling (BIM) 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 software market during the forecast period.

Who are the Major Building Information Modeling Software Market Vendors?

The report analyzes the market's competitive landscape and 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
  • Trimble Inc.

 

This statistical study of the building information modeling software market encompasses successful business strategies deployed by the key vendors. The building information modeling software market is fragmented and the vendors are deploying growth strategies such as performance, innovation, cost, and financial stability to compete in the market.

Product Insights and News

  • Asite Solutions Ltd. - The company offers building information modeling such as BIM Escalator which provides designers, engineers, and contractors a set of BIM and CAD tools. 
  • Autodesk Inc. - The company offers building information modeling such as AEC Collection which provides designers, engineers, and contractors a set of BIM and CAD tools supported by a cloud-based common data environment that facilitates project delivery from early-stage design through to construction. 
  • AVEVA Group Plc - The company offers building information modeling such as AVEVA Bocad which provides class-leading productivity in structural steelwork, enabling consistently rapid, high-quality design, fabrication, and construction, for on-time, on budget delivery of a high-quality project.  

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 software 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.

Building Information Modeling Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the building information modeling software 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.

Which are the Key Regions for Building Information Modeling Software Market?

Building Information Modeling Software Market Market segmentation by region

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34% of the market's growth will originate from APAC during the forecast period. Japan and China are the key markets for building information modeling software market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing construction of commercial and industrial buildings will facilitate the building information modeling software market growth in APAC 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 2020, the outbreak of COVID-19 adversely affected the growth of several industries in the region, including the construction industry. However, for instance, in India, the Pradhan Mantri Awas Yojana, the Housing for All, New Metro Rail Policy, and North East Special Infrastructure Development Scheme are a few major initiatives undertaken by the government. Therefore, the development of such construction projects will increase the demand for BIM software in the region during the forecast period.

What are the Revenue-generating Product Segments in the Building Information Modeling Software Market?

Building Information Modeling Software Market Segmentation

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The building information modeling software market share growth by the software segment will be significant during the forecast period. The BIM software standardizes the construction process by enabling efficient planning, designing, construction, and management of buildings and infrastructure. Contractors need an efficient management solution to deliver high-quality work. Hence, the deployment of BIM software provides an opportunity for the contractors to increase the profitability and efficiency of their projects. Such benefits of using BIM software will drive the building information modeling software 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 software market size and actionable market insights on post COVID-19 impact on each segment.

 

Building Information Modeling Software Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 20.12%

Market growth 2022-2026

$ 18.05 billion

Market structure

Fragmented

YoY growth (%)

13.64

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 34%

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

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What are the Key Data Covered in this Building Information Modeling Software Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive building information modeling software market growth during the next five years
  • Precise estimation of the building information modeling software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the building information modeling software industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of building information modeling software market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Software - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Software - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Software - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Software - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Software - Year-over-year growth 2021-2026 (%)
    • 5.4 Services - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 36: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Japan - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.10 UK - Market size and forecast 2021-2026
      • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.11 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Asite Solutions Ltd.
              • Exhibit 89: Asite Solutions Ltd. - Overview
              • Exhibit 90: Asite Solutions Ltd. - Product / Service
              • Exhibit 91: Asite Solutions Ltd. - Key offerings
            • 10.4 Autodesk Inc.
              • Exhibit 92: Autodesk Inc. - Overview
              • Exhibit 93: Autodesk Inc. - Business segments
              • Exhibit 94: Autodesk Inc. - Key news
              • Exhibit 95: Autodesk Inc. - Key offerings
              • Exhibit 96: Autodesk Inc. - Segment focus
            • 10.5 AVEVA Group Plc
              • Exhibit 97: AVEVA Group Plc - Overview
              • Exhibit 98: AVEVA Group Plc - Business segments
              • Exhibit 99: AVEVA Group Plc - Key offerings
              • Exhibit 100: AVEVA Group Plc - Segment focus
            • 10.6 Bentley Systems Inc.
              • Exhibit 101: Bentley Systems Inc. - Overview
              • Exhibit 102: Bentley Systems Inc. - Product / Service
              • Exhibit 103: Bentley Systems Inc. - Key offerings
            • 10.7 Dassault Systemes SE
              • Exhibit 104: Dassault Systemes SE - Overview
              • Exhibit 105: Dassault Systemes SE - Product / Service
              • Exhibit 106: Dassault Systemes SE - Key news
              • Exhibit 107: Dassault Systemes SE - Key offerings
            • 10.8 Hexagon AB
              • Exhibit 108: Hexagon AB - Overview
              • Exhibit 109: Hexagon AB - Business segments
              • Exhibit 110: Hexagon AB - Key news
              • Exhibit 111: Hexagon AB - Key offerings
              • Exhibit 112: Hexagon AB - Segment focus
            • 10.9 Nemetschek SE
              • Exhibit 113: Nemetschek SE - Overview
              • Exhibit 114: Nemetschek SE - Business segments
              • Exhibit 115: Nemetschek SE - Key offerings
              • Exhibit 116: Nemetschek SE - Segment focus
            • 10.10 Schneider Electric SE
              • Exhibit 117: Schneider Electric SE - Overview
              • Exhibit 118: Schneider Electric SE - Business segments
              • Exhibit 119: Schneider Electric SE - Key news
              • Exhibit 120: Schneider Electric SE - Key offerings
              • Exhibit 121: Schneider Electric SE - Segment focus
            • 10.11 The Beck Group
              • Exhibit 122: The Beck Group - Overview
              • Exhibit 123: The Beck Group - Product / Service
              • Exhibit 124: The Beck Group - Key offerings
            • 10.12 Trimble Inc.
              • Exhibit 125: Trimble Inc. - Overview
              • Exhibit 126: Trimble Inc. - Business segments
              • Exhibit 127: Trimble Inc. - Key offerings
              • Exhibit 128: Trimble Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 129: Inclusions checklist
                • Exhibit 130: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 131: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 132: Research methodology
                • Exhibit 133: Validation techniques employed for market sizing
                • Exhibit 134: Information sources
              • 11.5 List of abbreviations
                • Exhibit 135: List of abbreviations
              • The construction sector in the region has been rising at a steady rate, mainly due to the upcoming and ongoing mega infrastructure projects in the Middle East. Long-term development objectives in countries such as Saudi Arabia are focused on the development and renovation of infrastructure. Several prominent ongoing and planned construction activities can be witnessed in the Middle East. For instance, in 2021, the Government of Saudi Arabia announced plans to invest in the development of a smart city, the King Abdullah Economic City. The total cost of the project is estimated to be $220

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Building Information Modeling Software Market market growth will increase by $18.05 billion during 2022-2026.
                The building information modeling software market market is expected to grow at a CAGR of 20.12% during 2022-2026.
                Technavio has segmented the building information modeling software market market by product (Software and Services) and geographic (North America, Europe, APAC, Middle East and Africa, South America, North America, Europe, APAC, MEA, and South America).
                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, Trimble Inc., 4M SA Advanced Software Engineering Systems are a few of the key vendors in the building information modeling software market market.
                APAC will register the highest growth rate of 34% among the other regions. Therefore, the building information modeling software market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the building information modeling software market market growth are:
                • Increasing requirements for large-scale project management
                • Growth of 5D BIM
                The building information modeling software market market vendors should focus on grabbing business opportunities from the software segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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