BIM Objects Software Market Scope
In recent times, BIM is commonly used in the architecture, engineering, and construction (AEC) industry to plan, design, construct and manage buildings and infrastructure. The growing industrialization has led people to migrate to urban areas has increased construction activities thereby increasing the adoption of BIM objects software to make infrastructure models. The software comes with various advanced technologies and features that can create 2D and 3D models at low cost and in less time. However, the emergence of AI, Virtual reality, and Augment reality will be expected to create many lucrative opportunities for the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 360Quadrants (India), Trimble (United States), Graphisoft (Hungary), Vectorworks (United States), Bentley Systems (United States), Nemetschek (Germany), Dassault Systems (France), Autodesk (United States), DataCAD LLC (United States) and Aveva (United Kingdom) |
CAGR | % |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global BIM Objects Software market throughout the predicted period.
360Quadrants (India), Trimble (United States), Graphisoft (Hungary), Vectorworks (United States), Bentley Systems (United States), Nemetschek (Germany), Dassault Systems (France), Autodesk (United States), DataCAD LLC (United States) and Aveva (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global BIM Objects Software market by Type , by Application (Architecture, Engineering and Construction) and Region with country level break-up.
On the basis of geography, the market of BIM Objects Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In February 2016, Trimble announced the acquisition of Sefaira Ltd. It is a US-based leading developer of cloud-based software for the design of sustainable and high-performance buildings. The acquisition will expand Trimble's Design-Build-Operate (DBO) portfolio including tools for designing high-performing buildings early in the conceptual phase of a project.
In March 2021, Trimble Software launched a new version of Tekla Software for building information modeling (BIM). The aim of launching the solution is to reduce the upfront investment and provide flexibility to balance license needs with an annual subscription of the software solutions. The model will deliver enhancements, improvements, and new features that simplify the user experience for more efficient workflows, increased productivity, and collaboration across project teams.
Influencing Trend:
Evolution of AR & VR and its Integration with BIM Software. and Emerging Trend of AI in BIM Software.
Market Growth Drivers:
Growing Infrastructural Developments Due to Urbanization., Huge Investment by Government to Build Smart Cities. and Increasing Use of Advanced Technologies to Make Model of Infrastructures Instead of Drawing.
Challenges:
Lack of Technical Knowledge and Inadequate Skilled Workforce & Training.
Restraints:
Expensive BIM Software Packages, Software Upgrading Cost, and Hardware.
Opportunities:
Increased Construction Activities for Residential and Commercial Spaces.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, BIM Objects Software Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others