About Building Information Modelling
Building information modeling (BIM) refers to a parameter based 3D model which can be used to generate design and plan out the entire lifecycle of a construction project. Numerous aspects associated with a construction project including architecture, planning, schedule and cost estimation, among others can be completely covered under a single 3D model with the use of BIM software. Thereby, a model created using a BIM software essentially works as a shared resource for information between various stakeholders in the construction activities. The BIM software has been widely adopted in order to avoid general issues during construction activities and reduce resource wastage. Numerous issues such as miscommunication, lack of coordination and delayed turnover between parties can be effectively addresses with the introduction of BIM software.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 15.91% |
Building information modelling market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Building Information Modelling market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Autodesk Inc. (United States), Nemetschek SE (Germany), Trimble Navigation Limited (United States), Bentley System, Inc. (United States), Asite Ltd. (United Kingdom), AVEVA (United States), RIB Software AG (Germany), Dassault Systèmes (France), Archidata Inc. (Canada) and Intergraph Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Beck Technology Ltd. (United States), Computers and Structures, Inc. (United States), Robert McNeel & Associates (United States) and Cadsoft (United States).
Segmentation Overview
AMA Research has segmented the market of Global Building Information Modelling market by Type (Software and Services), Application (Architecture, Sustainability, Structures, Mechanical, Electrical and Plumbing (Mep), Construction and Facility Management) and Region.
On the basis of geography, the market of Building Information Modelling 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). If we see Market by Project Lifecycle, the sub-segment i.e. Pre-Construction will boost the Building Information Modelling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Buildings will boost the Building Information Modelling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Government Mandates for the Usage of BIM in Developed Countries
Market Growth Drivers:
Optimized Project Performance and Increased Productivity and Enhanced Communication and Coordination Throughout the Asset Lifecycle Management Process
Challenges:
Lack of information and awareness about BIM
Restraints:
High Costs of BIM Software Required for the Execution of Processes and Long Training Periods Decreasing the Productivity of Companies
Opportunities:
Growing Demand for Green Buildings and Need for Integrated Process for Designing, Collaboration, and Coordination in the AEC Industry
Market Leaders and their expansionary development strategies
In May 2023, - Autodesk, Inc. introduced first set of capabilities of Autodesk Forma. Autodesk Forma have Contextual modelling, which simplifies the process to start a new building information modeling (BIM) project. This launch helped company to expand its presence in building information modelling market
"The US General Services Administration (GSA) formulated the National 3D-4D-BIM Program way back in 2003. This program established policy mandating BIM adoption for all Public Buildings Service projects. GSA also actively partners with BIM vendors, federal agencies, professional associations, open standard organizations, and academic/research institutions to develop a community of BIM leaders within GSA."
In April of 2016, the UK’s construction strategy declared that it would reach 20% savings on procurement costs, which accelerated BIM adoption across the entire country. Any government projects in the UK must have BIM level 2 as part of their process.
Key Target Audience
Building Information Modelling Providers, Service Providers, Government Bodies, Private Organization, End User and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.