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Building Information Modeling Market Report: Trends, Forecast and Competitive Analysis

ReportLinker
·3-min read

Trends, opportunities and forecast in building information modeling market to 2025 by product life cycle (pre-construction, construction, and operation), offering (software and service), end use industry (buildings, civil infrastructure, industrial, utilities, oil & gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

New York, March 04, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Building Information Modeling Market Report: Trends, Forecast and Competitive Analysis" - https://www.reportlinker.com/p06030326/?utm_source=GNW

The future of the building information modeling market looks promising with opportunities in buildings, civil infrastructure, oil & gas, industrial, and utilities. The global building information modeling market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $9 billion by 2025 with a CAGR of 9% to 11% from 2019 to 2025. The major drivers for this market are rapid urbanization, growth in infrastructure projects, and increase adoption of BIM for plan, design, and manage building project efficiently.

Emerging trends, which has a direct impact on the dynamics of the industry, includes development of Artificial Intelligent in BIM, Increasing demand for BIM based cloud collaboration, and emergence of modular construction and prefabrication. Some of the major BIM companies profiled in this report include Autodesk, ENGworks, Bentley, Trimble, Hexagon, Nemetschek, and others.

building information modeling

building information modeling

Software for building information modelling will remain the largest segment over the forecast period due to increasing demand in architecture, engineering, and construction (AEC) as it offers various benefits, such as interoperability between applications, easy visualization, and cost effectiveness.

Buildings will remain the largest segment during the forecast period due to the increasing number of residential buildings and construction projects and increasing adoption of BIM modelling to reduce cost and delay by efficiently planning, designing, constructing and managing buildings.

North America will remain the largest region the forecast period due to wide adoption of BIM by architects, engineers, and consultants for planning, designing, and construction of residential and infrastructure projects and favorable government support for BIM modelling.

The study includes trends and forecast for the global building information modeling market by offering, product life cycle, end use industry, and region as follows:

By Offering [$M shipment analysis for 2014 – 2025]:
SoftwareArchitectural DesignSustainabilityStructureMEPConstructionFacility ManagementServicesSoftware Support and MaintenanceProject Management and Support

By Product Life Cycle [$M shipment analysis for 2014 – 2025]:
PreconstructionConstructionOperations

By End Use Industry [$M shipment analysis for 2014 – 2025]:
Residential and Commercial BuildingsIndustrialCivil InfrastructureOil & GasUtilitiesOthers

By Region [$M shipment analysis for 2014 – 2025]:
North AmericaUnited StatesCanadaMexicoEurope
GermanyUnited KingdomItalyAsia PacificChinaJapanIndiaThe Rest of the World
Some of the building information modeling companies profiled in this report includes Bentley System, Autodesk, Nemetschek Group, Hexagon AB, RIB Software, EMGworks, Trimble, Dassault Systemes, Asite Solution, Topcon.
Read the full report: https://www.reportlinker.com/p06030326/?utm_source=GNW

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