Abstract
Summary
The Building Information Modelling Market is likely to experience a significant growth rate of % from 2023-2032 owing to growing technological advancements– Allied Market Research
Building information technology refers to a collaborative process that helps architects, engineers, real estate developers, contractors and manufacturers and other construction professionals to strategize, design and construct a structure within a 3D technology model.
Industries such as construction, architecture, and engineering are increasingly adopting BIM technology. It allows for better collaboration, improved project visualization, and enhanced decision-making processes. Furthermore, BIM integrated with IoT sensors is a trend, enabling real-time monitoring of buildings and infrastructure. This integration provides valuable data for maintenance and operational purposes. Moreover, BIM usage is extending beyond design and construction phases to include facility management and maintenance. This lifecycle approach is establishing BIM as a valuable tool throughout the entire lifespan of a building and infrastructure.
The key factors such as government mandating for building information modeling usage (BIM) and the increasing adoption of digital technology by construction sector are driving building information modeling market growth. Furthermore, increasing initial expenditure on BIM technology is expected to hamper the building information modeling market growth during the forecast period. Moreover, the emergence of virtual reality (VR) and augmented reality (AR) technologies and their integration with BIM is providing an opportunity for building information modeling market growth during the forecast period.
The building information modeling market is segmented based on component, deployment mode, project life cycle, building type, application, end-user and region. In terms of component, the market is divided into solution and service. By deployment mode the market is divided into on-premise and cloud. By building type, the market is divided into commercial, and residential. By application, the market is divided into planning and modelling, construction and design, asset management, building system analysis and maintenance scheduling. By end user, the market is divided into architects/engineers, contractors and others. By region-wise the market is divided into North America, Europe, Asia-Pacific and LAMEA.
The report analyzes the profiles of key players operating in the building information modeling market such as Aveva Group Plc., Hexagon AB, Trimble Inc., Autodesk Inc., Beck Technolgy Ltd., Pentagon Solution Ltd., Nemetschek SE, Bentley Systems Inc., Dassault Systemes, and Asite Solutions Ltd. These players have adopted various strategies to increase their market penetration and strengthen their position in the building information modeling market.
Market players adopted different strategies for enhancing their services in the market and improving customer satisfaction. For instance, in July 2021, AVEVA Group PLC signed a partnership agreement with RIB Software (RIB), a global leader in digital technologies for construction, to enhance AVEVA’s Project execution portfolio offering for process and plant industries. The integration will extend the AVEVA unified project execution solution to include new capabilities from the RIB MTWO platform such as enhanced estimation and project cost controls, more powerful dashboards and KPI monitoring, and optimized construction management with full Connected Worker capabilities in the Cloud. Furthermore, in December 2020, Nemetschek Group acquired DEXMA. DEXMA is a rapidly expanding supplier of cutting-edge software as a service SaaS solutions for energy data management that use artificial intelligence (AI) and machine learning (ML) capabilities. The organization facilitates efficient measurement, tracking, and administration of energy expenses and usage for more than 4,000 clients across 30 nations. Therefore, such strategies are expected to boost the growth of the cloud data security market in the upcoming years.
Key Market Insights
●By component type, solution segment was the highest revenue contributor to the market, and is estimated to $ 21626.23 million by 2032, with a CAGR of 15.1%. However, the service segment is expected to be the fastest growing segment with a CAGR of 17.9% during the forecast period.
●By deployment mode, the on-premise segment dominated the global market, and is estimated to reach $ 18698.18 million by 2032, with a CAGR of 15.0%.
●By building type, the commercial segment dominated the global market, and is estimated to reach $ 24893.57 million by 2032, with a CAGR of 17.9%.
●By application, the planning and modelling segment dominated the global market, and is estimated to reach $ 10583.48 million by 2032, with a CAGR of 12.8%.
●By end-user, architects/engineers segment dominated the global market, and is estimated to reach $ 16998.58 million by 2032, with a CAGR of 14.4%.
●Based on region, North America was the highest revenue contributor, accounting for $ 2867.5 million in 2022, and is estimated to reach $ 7697.95 million by 2032, with a CAGR of 10.4%.
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● Investment Opportunities
● Market share analysis of players by products/segments
● Regulatory Guidelines
● Additional company profiles with specific to client's interest
● Additional country or region analysis- market size and forecast
● Market share analysis of players at global/region/country level
Key Market Segments
By Deployment Mode
● On-premise
● Cloud
By Building Type
● Commercial
● Residential
By Application
● Planning and Modelling
● Construction and Design
● Asset Management
● Building System Analysis and Maintenance Scheduling
By End-User
● Architects/Engineers
● Contractors
● Others
By Component
● Solution
● Service
By Region
● North America
○ U.S.
○ Canada
● Europe
○ UK
○ Germany
○ France
○ Italy
○ Spain
○ Rest of Europe
● Asia-Pacific
○ China
○ Japan
○ India
○ South Korea
○ Australia
○ Rest of Asia-Pacific
● LAMEA
○ Latin America
○ Middle East
○ Africa
● Key Market Players
○ Bentley Systems, Incorporated
○ Nemetschek Group
○ Beck Technology Ltd.
○ Trimble, Inc.
○ HEXAGON AB
○ Pentagon Solutions Ltd.
○ Asite Solutions Ltd.
○ Autodesk Inc.
○ Dassault Systemes
○ AVEVA Group PLC.
Table of Contents
1 INTRODUCTION
1.1 Report description
1.2 Key market segments
1.3 Key benefits to the stakeholders
1.4 Research methodology
1.4.1 Primary research
1.4.2 Secondary research
1.4.3 Analyst tools and models
2 EXECUTIVE SUMMARY
2.1 CXO Perspective
3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.3 Porter’s five forces analysis
3.3.1 Low bargaining power of suppliers
3.3.2 Low threat of new entrants
3.3.3 Low threat of substitutes
3.3.4 Low intensity of rivalry
3.3.5 Low bargaining power of buyers
3.4 Market dynamics
3.4.1 Drivers
- 3.4.1.1 Government mandating Building Information Modeling (BIM) usage
- 3.4.1.2 Increase in adoption of digital technology by construction sector
3.4.2 Restraints
- 3.4.2.1 Increase in initial expenditure on Building Information Modeling (BIM) technology
3.4.3 Opportunities
- 3.4.3.1 Integration of virtual reality (VR) and augmented reality (AR) technologies with Building Information Modeling (BIM) technology
4 BUILDING INFORMATION MODELING MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Solution
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Service
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
5 BUILDING INFORMATION MODELING MARKET, BY DEPLOYMENT MODE
5.1 Overview
5.1.1 Market size and forecast
5.2 On-premise
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Cloud
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
6 BUILDING INFORMATION MODELING MARKET, BY BUILDING TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 Commercial
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Residential
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
7 BUILDING INFORMATION MODELING MARKET, BY APPLICATION
7.1 Overview
7.1.1 Market size and forecast
7.2 Planning and Modelling
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3 Construction and Design
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4 Asset Management
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country
7.5 Building System Analysis and Maintenance Scheduling
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market share analysis by country
8 BUILDING INFORMATION MODELING MARKET, BY END-USER
8.1 Overview
8.1.1 Market size and forecast
8.2 Architects/Engineers
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market share analysis by country
8.3 Contractors
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market share analysis by country
8.4 Others
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by region
8.4.3 Market share analysis by country
9 BUILDING INFORMATION MODELING MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast By Region
9.2 North America
9.2.1 Key market trends, growth factors and opportunities
9.2.2 Market size and forecast, by Component
9.2.3 Market size and forecast, by Deployment Mode
9.2.4 Market size and forecast, by Building Type
9.2.5 Market size and forecast, by Application
9.2.6 Market size and forecast, by End-User
9.2.7 Market size and forecast, by country
- 9.2.7.1 U.S
- 9.2.7.1.1 Market size and forecast, by Component
- 9.2.7.1.2 Market size and forecast, by Deployment Mode
- 9.2.7.1.3 Market size and forecast, by Building Type
- 9.2.7.1.4 Market size and forecast, by Application
- 9.2.7.1.5 Market size and forecast, by End-User
- 9.2.7.2 Canada
- 9.2.7.2.1 Market size and forecast, by Component
- 9.2.7.2.2 Market size and forecast, by Deployment Mode
- 9.2.7.2.3 Market size and forecast, by Building Type
- 9.2.7.2.4 Market size and forecast, by Application
- 9.2.7.2.5 Market size and forecast, by End-User
- 9.2.7.1 U.S
9.3 Europe
9.3.1 Key market trends, growth factors and opportunities
9.3.2 Market size and forecast, by Component
9.3.3 Market size and forecast, by Deployment Mode
9.3.4 Market size and forecast, by Building Type
9.3.5 Market size and forecast, by Application
9.3.6 Market size and forecast, by End-User
9.3.7 Market size and forecast, by country
- 9.3.7.1 UK
- 9.3.7.1.1 Market size and forecast, by Component
- 9.3.7.1.2 Market size and forecast, by Deployment Mode
- 9.3.7.1.3 Market size and forecast, by Building Type
- 9.3.7.1.4 Market size and forecast, by Application
- 9.3.7.1.5 Market size and forecast, by End-User
- 9.3.7.2 Germany
- 9.3.7.2.1 Market size and forecast, by Component
- 9.3.7.2.2 Market size and forecast, by Deployment Mode
- 9.3.7.2.3 Market size and forecast, by Building Type
- 9.3.7.2.4 Market size and forecast, by Application
- 9.3.7.2.5 Market size and forecast, by End-User
- 9.3.7.3 France
- 9.3.7.3.1 Market size and forecast, by Component
- 9.3.7.3.2 Market size and forecast, by Deployment Mode
- 9.3.7.3.3 Market size and forecast, by Building Type
- 9.3.7.3.4 Market size and forecast, by Application
- 9.3.7.3.5 Market size and forecast, by End-User
- 9.3.7.4 Italy
- 9.3.7.4.1 Market size and forecast, by Component
- 9.3.7.4.2 Market size and forecast, by Deployment Mode
- 9.3.7.4.3 Market size and forecast, by Building Type
- 9.3.7.4.4 Market size and forecast, by Application
- 9.3.7.4.5 Market size and forecast, by End-User
- 9.3.7.5 Spain
- 9.3.7.5.1 Market size and forecast, by Component
- 9.3.7.5.2 Market size and forecast, by Deployment Mode
- 9.3.7.5.3 Market size and forecast, by Building Type
- 9.3.7.5.4 Market size and forecast, by Application
- 9.3.7.5.5 Market size and forecast, by End-User
- 9.3.7.6 Rest of Europe
- 9.3.7.6.1 Market size and forecast, by Component
- 9.3.7.6.2 Market size and forecast, by Deployment Mode
- 9.3.7.6.3 Market size and forecast, by Building Type
- 9.3.7.6.4 Market size and forecast, by Application
- 9.3.7.6.5 Market size and forecast, by End-User
- 9.3.7.1 UK
9.4 Asia-Pacific
9.4.1 Key market trends, growth factors and opportunities
9.4.2 Market size and forecast, by Component
9.4.3 Market size and forecast, by Deployment Mode
9.4.4 Market size and forecast, by Building Type
9.4.5 Market size and forecast, by Application
9.4.6 Market size and forecast, by End-User
9.4.7 Market size and forecast, by country
- 9.4.7.1 China
- 9.4.7.1.1 Market size and forecast, by Component
- 9.4.7.1.2 Market size and forecast, by Deployment Mode
- 9.4.7.1.3 Market size and forecast, by Building Type
- 9.4.7.1.4 Market size and forecast, by Application
- 9.4.7.1.5 Market size and forecast, by End-User
- 9.4.7.2 Japan
- 9.4.7.2.1 Market size and forecast, by Component
- 9.4.7.2.2 Market size and forecast, by Deployment Mode
- 9.4.7.2.3 Market size and forecast, by Building Type
- 9.4.7.2.4 Market size and forecast, by Application
- 9.4.7.2.5 Market size and forecast, by End-User
- 9.4.7.3 India
- 9.4.7.3.1 Market size and forecast, by Component
- 9.4.7.3.2 Market size and forecast, by Deployment Mode
- 9.4.7.3.3 Market size and forecast, by Building Type
- 9.4.7.3.4 Market size and forecast, by Application
- 9.4.7.3.5 Market size and forecast, by End-User
- 9.4.7.4 South Korea
- 9.4.7.4.1 Market size and forecast, by Component
- 9.4.7.4.2 Market size and forecast, by Deployment Mode
- 9.4.7.4.3 Market size and forecast, by Building Type
- 9.4.7.4.4 Market size and forecast, by Application
- 9.4.7.4.5 Market size and forecast, by End-User
- 9.4.7.5 Australia
- 9.4.7.5.1 Market size and forecast, by Component
- 9.4.7.5.2 Market size and forecast, by Deployment Mode
- 9.4.7.5.3 Market size and forecast, by Building Type
- 9.4.7.5.4 Market size and forecast, by Application
- 9.4.7.5.5 Market size and forecast, by End-User
- 9.4.7.6 Rest of Asia-Pacific
- 9.4.7.6.1 Market size and forecast, by Component
- 9.4.7.6.2 Market size and forecast, by Deployment Mode
- 9.4.7.6.3 Market size and forecast, by Building Type
- 9.4.7.6.4 Market size and forecast, by Application
- 9.4.7.6.5 Market size and forecast, by End-User
- 9.4.7.1 China
9.5 LAMEA
9.5.1 Key market trends, growth factors and opportunities
9.5.2 Market size and forecast, by Component
9.5.3 Market size and forecast, by Deployment Mode
9.5.4 Market size and forecast, by Building Type
9.5.5 Market size and forecast, by Application
9.5.6 Market size and forecast, by End-User
9.5.7 Market size and forecast, by country
- 9.5.7.1 Latin America
- 9.5.7.1.1 Market size and forecast, by Component
- 9.5.7.1.2 Market size and forecast, by Deployment Mode
- 9.5.7.1.3 Market size and forecast, by Building Type
- 9.5.7.1.4 Market size and forecast, by Application
- 9.5.7.1.5 Market size and forecast, by End-User
- 9.5.7.2 Middle East
- 9.5.7.2.1 Market size and forecast, by Component
- 9.5.7.2.2 Market size and forecast, by Deployment Mode
- 9.5.7.2.3 Market size and forecast, by Building Type
- 9.5.7.2.4 Market size and forecast, by Application
- 9.5.7.2.5 Market size and forecast, by End-User
- 9.5.7.3 Africa
- 9.5.7.3.1 Market size and forecast, by Component
- 9.5.7.3.2 Market size and forecast, by Deployment Mode
- 9.5.7.3.3 Market size and forecast, by Building Type
- 9.5.7.3.4 Market size and forecast, by Application
- 9.5.7.3.5 Market size and forecast, by End-User
- 9.5.7.1 Latin America
10 COMPETITIVE LANDSCAPE
10.1 Introduction
10.2 Top winning strategies
10.3 Product mapping of top 10 player
10.4 Competitive dashboard
10.5 Competitive heatmap
10.6 Top player positioning, 2022
11 COMPANY PROFILES
11.1 Dassault Systemes
11.1.1 Company overview
11.1.2 Key executives
11.1.3 Company snapshot
11.1.4 Operating business segments
11.1.5 Product portfolio
11.1.6 Business performance
11.2 AVEVA Group PLC
11.2.1 Company overview
11.2.2 Key executives
11.2.3 Company snapshot
11.2.4 Operating business segments
11.2.5 Product portfolio
11.2.6 Business performance
11.2.7 Key strategic moves and developments
11.3 HEXAGON AB
11.3.1 Company overview
11.3.2 Key executives
11.3.3 Company snapshot
11.3.4 Operating business segments
11.3.5 Product portfolio
11.3.6 Business performance
11.3.7 Key strategic moves and developments
11.4 Trimble, Inc
11.4.1 Company overview
11.4.2 Key executives
11.4.3 Company snapshot
11.4.4 Operating business segments
11.4.5 Product portfolio
11.4.6 Business performance
11.4.7 Key strategic moves and developments
11.5 Autodesk Inc
11.5.1 Company overview
11.5.2 Key executives
11.5.3 Company snapshot
11.5.4 Operating business segments
11.5.5 Product portfolio
11.5.6 Business performance
11.5.7 Key strategic moves and developments
11.6 Beck Technology Ltd
11.6.1 Company overview
11.6.2 Key executives
11.6.3 Company snapshot
11.6.4 Operating business segments
11.6.5 Product portfolio
11.6.6 Key strategic moves and developments
11.7 Pentagon Solutions Ltd
11.7.1 Company overview
11.7.2 Key executives
11.7.3 Company snapshot
11.7.4 Operating business segments
11.7.5 Product portfolio
11.8 Nemetschek Group
11.8.1 Company overview
11.8.2 Key executives
11.8.3 Company snapshot
11.8.4 Operating business segments
11.8.5 Product portfolio
11.8.6 Business performance
11.8.7 Key strategic moves and developments
11.9 Asite Solutions Ltd
11.9.1 Company overview
11.9.2 Key executives
11.9.3 Company snapshot
11.9.4 Operating business segments
11.9.5 Product portfolio
11.9.6 Key strategic moves and developments
11.10 Bentley Systems, Incorporated
11.10.1 Company overview
11.10.2 Key executives
11.10.3 Company snapshot
11.10.4 Operating business segments
11.10.5 Product portfolio
11.10.6 Business performance
11.10.7 Key strategic moves and developments