Building Information Modeling (BIM) Market By Solution (Software & Services), By End-Users (Architects, Contractors, Engineers And Others) For Industrial, Commercial, Infrastructure, Residential And Institutional: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020-2028

Description

Market Overview    

The Global Building Information Modeling market accounted for USD 5.41 Billion in 2020 and is expected to reach USD 22.87 Billion by 2028, growing at a CAGR of around 19.7% between 2020 and 2028.   

Building Information Modeling (BIM) is a 3D-model based software that gives architecture, engineering, and construction (AEC) professionals the insight and tools to more efficiently plan, design, construct, and manage buildings and infrastructure. BIM is used to design and manage building and infrastructure designs. BIM can model every single detail of any of the building. The BIM software is being used to explore various design options and to create visualizations that help stakeholders understand what the building will look like before it’s built. This gives an insight to construction professionals and architects which helps them to properly plan, design, process and finally construct any building or infrastructure. The BIM model is also used to generate the design documentation for construction. BIM is effective in providing improved decision making, cost reduction, while implementation of any project. Growing population and need of infrastructure in residential and industrial sector will drive the growth of construction industry which in turn will create robust demand for Business Information Modeling (BIM).

COVID-19 Impact Analysis

The global Building Information Modeling market has witnessed a slight decline in the growth for short term due to the lockdown enforcement placed by governments in order to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped the various industry resulting in a disruption across the infrastructure development. However, the global markets are slowly opening to their full potential and theirs a surge in demand of Building Information Modeling as the construction industry back to the normal. The market would remain bullish in upcoming year.

The significant decrease in the global Building Information Modeling market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

Growth Factors

The increasing population across the world and rapid urbanization is leading to the demand of for more and more infrastructure in residential, commercial and industrial sectors in urban areas. Constructions of commercial, government and residential is continuously increasing across many countries. This is making Building Information Modeling market to grow in the coming years as it benefits efficient planning, designing and construction of various infrastructure. Also, the smart city projects across developing countries are expected to boost the grow the market. Many governments are making mandates for BIM usage as it improves the construction productivity will also drive BIM market growth. The initial cost for having a Building Information Modeling software and its implementation in the organizations is very high. Also the training cost and services cost for BIM is also high. The training time for BIM is also high. Thus, the need of high initial is expected to restrain the market growth.

Report Scope:

Solution Segment Analysis Preview 

Building Information Modeling market is segmented into three types: Solution, End-user and Vertical. The market is segmented into two types: Software and services.  Cloud-based software is likely to obtain the biggest share in the building information modeling market owing to its easy access and cost-effectiveness to the on-premise framework.

End-User  Segment Analysis Preview

The market is segmented into four types: Architects, Contractors, Engineers and Others. End-users section of building information modeling market is divided into engineers, architect, and others including developers. Owing to rising number of the construction programs, architects surfaced as a ruling sector in building information modeling market and are likely to show noteworthy development in future.

Vertical  Segment Analysis Preview

Based on vertical, the building information modeling market is bifurcated into residential, commercial, institutional, industrial, and infrastructural. Fast industrialization in economically developing nations (such as India, China, and Brazil) will power the development of industrial section in the future.

Key Market Players & Competitive Landscape

Major market players of Building Information Modeling market comprise Nemetschek AG., Autodesk, Inc., Pentagon Solutions Ltd., Beck End-user, Ltd., Trimble Navigation Ltd., Synchro Software Ltd., Bentley Systems, Inc., AECOM, Dassault Systemes SA,  and Asite Solutions Limited.

The global Building Information Modeling Market is segmented as follows:

By Solution

• Software
• Services

By End-User

• Architects
• Contractors
• Engineers
• Others

By Vertical

• Commercial
• Residential
• Infrastructure
• Institutional
• Industrial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

Table Of Content

• Chapter No. 1: Introduction
  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. USP & Key Offerings
  • 1.2. Key Benefits for Stakehulders
  • 1.3. Target Audience
  • 1.4. Report Scope
• Chapter No. 2: Executive Summary
  • 2.1. Key Findings
    • 2.1.1. Top Investment Pockets
      • 2.1.1.1. Market Attractiveness Analysis, By Sulution
      • 2.1.1.2. Market Attractiveness Analysis, By Region
    • 2.1.1.3 Market Attractiveness Analysis, By End-User
  • 2.2. Market Snapshot
  • 2.3. Global Building Information Modeling Market, 2016 – 2028 (USD Billion)
  • 2.4. Insights from Primary Respondents
• Chapter No. 3: COVID 19 Impact Analysis
  • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
    • 3.1.1. North America
    • 3.1.2. Europe
    • 3.1.3. Asia Pacific
    • 3.1.4. Latin America
    • 3.1.5. The Middle-East and Africa
  • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
  • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
  • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
  • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
    • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
  • 3.6. Short Term Dynamics
  • 3.7. Long Term Dynamics
• Chapter No. 4: Building Information Modeling Market – Sulution Segment Analysis
  • 4.1. Overview
    • 4.1.1. Market Revenue Share, By Sulution , 2020 & 2028
  • 4.2. Software
    • 4.2.1. Market Size and Forecast, By Region (USD Billion)
    • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.3. Services
    • 4.3.1. Market Size and Forecast, By Region (USD Billion)
    • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 5 Building Information Modeling Market – End-User Segment Analysis
  • 5.1. Overview
    • 5.1.1. Market Revenue Share, By End-User, 2020 & 2028
  • 5.2. Architects
    • 5.2.1. Market Size and Forecast, By Region (USD Billion)
    • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.3. Contractors
    • 5.3.1. Market Size and Forecast, By Region (USD Billion)
    • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.4. Engineers
    • 5.4.1. Market Size and Forecast, By Region (USD Billion)
    • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.5. Others
    • 5.5.1. Market Size and Forecast, By Region (USD Billion)
    • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 6 Building Information Modeling Market – Vertical Segment Analysis
  • 6.1. Overview
    • 6.1.1. Market Revenue Share, By End-User, 2020 & 2028
  • 6.2. Commercial
    • 6.2.1. Market Size and Forecast, By Region (USD Billion)
    • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.3. Residential
    • 6.3.1. Market Size and Forecast, By Region (USD Billion)
    • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.4. Infrastructure
    • 6.4.1. Market Size and Forecast, By Region (USD Billion)
    • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.5. Institutional
    • 6.5.1. Market Size and Forecast, By Region (USD Billion)
    • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.6. Industrial
    • 6.6.1. Market Size and Forecast, By Region (USD Billion)
    • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 7 Building Information Modeling Market – Regional Analysis
  • 7.1. Overview
    • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
    • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
  • 7.2. North America
    • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 7.2.2. North America Market Revenue, By Sulution, 2016 – 2028
    • 7.2.3. North America Market Revenue, By End-User, 2016 – 2028
    • 7.2.4. North America Market Revenue, By Vertical, 2016 – 2028
    • 7.2.5. U.S.
      • 7.2.5.1. U.S. Market Revenue, By Sulution, 2016 – 2028
      • 7.2.5.2. U.S. Market Revenue, By End-User, 2016 – 2028
      • 7.2.5.3. U.S. Market Revenue, By Vertical, 2016 – 2028
    • 7.2.6. Canada
      • 7.2.6.1. Canada Market Revenue, By Sulution, 2016 – 2028
      • 7.2.6.2. Canada Market Revenue, By End-User, 2016 – 2028
      • 7.2.6.3. Canada Market Revenue, By Vertical, 2016 – 2028
    • 7.2.7. Mexico
      • 7.2.7.1. Mexico Market Revenue, By Sulution, 2016 – 2028
      • 7.2.7.2. Mexico Market Revenue, By End-User, 2016 – 2028
      • 7.2.7.3. Mexico Market Revenue, By Vertical, 2016 – 2028
  • 7.3. Europe
    • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 7.3.2. Europe Market Revenue, By Sulution, 2016 – 2028
    • 7.3.3. Europe Market Revenue, By End-User, 2016 – 2028
    • 7.3.4. Europe Market Revenue, By Vertical, 2016 – 2028
    • 7.3.5. Germany
      • 7.3.5.1. Germany Market Revenue, By Sulution, 2016 – 2028
      • 7.3.5.2. Germany Market Revenue, By End-User, 2016 – 2028
      • 7.3.5.3. Germany Market Revenue, By Vertical, 2016 – 2028
    • 7.3.6. France
      • 7.3.6.1. France Market Revenue, By Sulution, 2016 – 2028
      • 7.3.6.2. France Market Revenue, By End-User, 2016 – 2028
      • 7.3.6.3. France Market Revenue, By Vertical, 2016 – 2028
    • 7.3.7. U.K.
      • 7.3.7.1. U.K. Market Revenue, By Sulution, 2016 – 2028
      • 7.3.7.2. U.K. Market Revenue, By End-User, 2016 – 2028
      • 7.3.7.3. U.K. Market Revenue, By Vertical, 2016 – 2028
    • 7.3.8. Italy
      • 7.3.8.1. Italy Market Revenue, By Sulution, 2016 – 2028
      • 7.3.8.2. Italy Market Revenue, By End-User, 2016 – 2028
      • 7.3.8.3. Italy Market Revenue, By Vertical, 2016 – 2028
    • 7.3.9. Spain
      • 7.3.9.1. Spain Market Revenue, By Sulution, 2016 – 2028
      • 7.3.9.2. Spain Market Revenue, By End-User, 2016 – 2028
      • 7.3.9.3. Spain Market Revenue, By Vertical, 2016 – 2028
    • 7.3.10. Rest of Europe
      • 7.3.10.1. Rest of Europe Market Revenue, By Sulution, 2016 – 2028
      • 7.3.10.2. Rest of Europe Market Revenue, By End-User, 2016 – 2028
      • 7.3.10.3. Rest of Europe Market Revenue, By Vertical, 2016 – 2028
  • 7.4. Asia Pacific
    • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 7.4.2. Asia Pacific Market Revenue, By Sulution, 2016 – 2028
    • 7.4.3. Asia Pacific Market Revenue, By Vertical, 2016 – 2028
    • 7.4.4. Asia Pacific Market Revenue, By Vertical, 2016 – 2028
    • 7.4.5. China
      • 7.4.5.1. China Market Revenue, By Sulution, 2016 – 2028
      • 7.4.5.2. China Market Revenue, By End-User, 2016 – 2028
      • 7.4.5.3. China Market Revenue, By Vertical, 2016 – 2028
    • 7.4.6. Japan
      • 7.4.6.1. Japan Market Revenue, By Sulution, 2016 – 2028
      • 7.4.6.2. Japan Market Revenue, By End-User, 2016 – 2028
      • 7.4.6.3. Japan Market Revenue, By Vertical, 2016 – 2028
    • 7.4.7. India
      • 7.4.7.1. India Market Revenue, By Sulution, 2016 – 2028
      • 7.4.7.2. India Market Revenue, By End-User, 2016 – 2028
      • 7.4.7.3. India Market Revenue, By Vertical, 2016 – 2028
    • 7.4.8. South Korea
      • 7.4.8.1. South Korea Market Revenue, By Sulution, 2016 – 2028
      • 7.4.8.2. South Korea Market Revenue, By End-User, 2016 – 2028
      • 7.4.8.3. South Korea Market Revenue, By Vertical, 2016 – 2028
    • 7.4.9. South-East Asia
      • 7.4.9.1. South-East Asia Market Revenue, By Sulution, 2016 – 2028
      • 7.4.9.2. South-East Asia Market Revenue, By End-User, 2016 – 2028
      • 7.4.9.3. South-East Asia Market Revenue, By Vertical, 2016 – 2028
    • 7.4.10. Rest of Asia Pacific
      • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Sulution, 2016 – 2028
      • 7.4.10.2. Rest of Asia Pacific Market Revenue, By End-User, 2016 – 2028
      • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Vertical, 2016 – 2028
  • 7.5. Latin America
    • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 7.5.2. Latin America Market Revenue, By Sulution, 2016 – 2028
    • 7.5.3. Latin America Market Revenue, By End-User, 2016 – 2028
    • 7.5.4. Latin America Market Revenue, By Vertical, 2016 – 2028
    • 7.5.5. Brazil
      • 7.5.5.1. Brazil Market Revenue, By Sulution, 2016 – 2028
      • 7.5.5.2. Brazil Market Revenue, By End-User, 2016 – 2028
      • 7.5.5.3. Brazil Market Revenue, By Vertical, 2016 – 2028
    • 7.5.6. Argentina
      • 7.5.6.1. Argentina Market Revenue, By Sulution, 2016 – 2028
      • 7.5.6.2. Argentina Market Revenue, By End-User, 2016 – 2028
      • 7.5.6.3. Argentina Market Revenue, By Vertical, 2016 – 2028
    • 7.5.7. Rest of Latin America
      • 7.5.7.1. Rest of Latin America Market Revenue, By Sulution, 2016 – 2028
      • 7.5.7.2. Rest of Latin America Market Revenue, By End-User, 2016 – 2028
      • 7.5.7.3. Rest of Latin America Market Revenue, By Vertical, 2016 – 2028
  • 7.6. The Middle-East and Africa
    • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 7.6.2. The Middle-East and Africa Market Revenue, By Sulution, 2016 – 2028
    • 7.6.3. The Middle-East and Africa Market Revenue, By End-User, 2016 – 2028
    • 7.6.4. The Middle-East and Africa Market Revenue, By Vertical, 2016 – 2028
    • 7.6.5. GCC Countries
      • 7.6.5.1. GCC Countries Market Revenue, By Sulution, 2016 – 2028
      • 7.6.5.2. GCC Countries Market Revenue, By End-User, 2016 – 2028
      • 7.6.5.3. GCC Countries Market Revenue, By Vertical, 2016 – 2028
    • 7.6.6. South Africa
      • 7.6.6.1. South Africa Market Revenue, By Sulution, 2016 – 2028
      • 7.6.6.2. South Africa Market Revenue, By End-User, 2016 – 2028
      • 7.6.6.3. South Africa Market Revenue, By Vertical, 2016 – 2028
    • 7.6.7. Rest of Middle-East Africa
      • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Sulution, 2016 – 2028
      • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By End-User, 2016 – 2028
      • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Vertical, 2016 – 2028
• Chapter No. 8: Building Information Modeling Market – Industry Analysis
  • 8.1. Introduction
  • 8.2. Market Drivers
    • 8.2.1. Driving Factor 1 Analysis
    • 8.2.2. Driving Factor 2 Analysis
  • 8.3. Market Restraints
    • 8.3.1. Restraining Factor Analysis
  • 8.4. Market Opportunities
    • 8.4.1. Market Opportunity Analysis
  • 8.5. Porter’s Five Forces Analysis
  • 8.6. PEST Analysis
  • 8.7. Regulatory Landscape
  • 8.8. Sulution Landscape
  • 8.9. Regional Market Trends
    • 8.9.1. North America
    • 8.9.2. Europe
    • 8.9.3. Asia Pacific
    • 8.9.4. Latin America
    • 8.9.5. The Middle-East and Africa
  • 8.10. Pricing Analysis
  • 8.11. Value Chain Analysis
  • 8.12. Downstream Buyers
  • 8.13. Distributors/Traders List
• Chapter No. 9: Competitive Landscape
  • 9.1. Company Market Share Analysis – 2020
    • 9.1.1. Global Building Information Modeling Market: Company Market Share, 2020
    • 9.1.2. Global Building Information Modeling Market, Company Market Revenue, 2017 – 2020 (USD Billion)
    • 9.1.3. Global Building Information Modeling Market, Company Y-o-Y Growth, 2017 – 2020(%)
    • 9.1.4. Global Building Information Modeling Market: Radar Determinant Chart, 2020
  • 9.2. Strategic Developments
    • 9.2.1. Acquisitions & Mergers
    • 9.2.2. New Product Launch
    • 9.2.3. Regional Expansion
  • 9.3. Company Strategic Developments – Heat Map Analysis
• Chapter No. 10: Company Profiles
  • 10.1. Nemetschek AG
    • 10.1.1. Company Overview
    • 10.1.2. Key Executives
    • 10.1.3. Product Portfulio
    • 10.1.4. Financial Overview
    • 10.1.5. Operating Business Segments
    • 10.1.6. Business Performance
    • 10.1.7. Recent Developments
  • 10.2. Autodesk, Inc
  • 10.3. Pentagon Sulutions Ltd
  • 10.4. Beck End-user, Ltd
  • 10.5. Trimble Navigation Ltd
  • 10.6. Synchro Software Ltd
  • 10.7. Bentley Systems, Inc
  • 10.8. AECOM
  • 10.9. Dassault Systemes SA
• Chapter No. 11: Marketing Strategy Analysis
  • 11.1. Marketing Channel
  • 11.2. Direct Marketing
  • 11.3. Indirect Marketing
  • 11.4. Marketing Channel Development Trends
  • 11.5. Economic/Pulitical Environmental Change
• Chapter No. 12: Research Methodulogy
  • 12.1. Research Methodulogy
  • 12.2. Phase I - Secondary Research
  • 12.3. Phase II - Data Modeling
    • 12.3.1. Company Share Analysis Model
    • 12.3.2. Revenue Based Modeling
  • 12.4. Phase III - Primary Research
  • 12.5. Research Limitations
    • 12.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Building Information Modeling (BIM) market. Zion Research has collected and analyzed key data belong to the global Building Information Modeling (BIM) market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Building Information Modeling (BIM) across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Building Information Modeling (BIM) industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

• Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
• Helps in validating and strengthening the secondary research findings
• Further, develops the analysis team’s expertise and market understanding
• Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

• Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
• Purchasing managers, technical personnel, distributors and resellers
• Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

• Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
• IDC and other relevant magazines
• Internal and external proprietary databases, and relevant patent and regulatory databases
• National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Building Information Modeling (BIM) market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

• Demographic data: Population split by segments
• Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
• Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
• Data is then cross-checked by an expert panel.

Free Analysis

Building Information Modeling (BIM) is an intelligent 3D model-based process that gives architecture, engineering, and construction professionals insight to more efficiently plan, design, construct and manage buildings or infrastructure. Different benefits offer by this modeling technique is giving traction to the BIM market. The major benefit of BIM is that it can be accessed by multiple users from a different location on the same document. Conventional building design largely relies upon two-dimensional technical drawings. Building information modeling extends this beyond 3D, augmenting the three primary spatial dimensions with time as the fourth dimension (4D) and cost as the fifth (5D).  It covers spatial relationships, geographic information, light analysis, and quantities and properties of building components.

Due to the lucrative advantage of this model, building information modeling market is growing rapidly in different end user sectors. Some other advantages of BIM include increase return on investment, time and money saving. Increasing number of construction activities globally and growing awareness about this model is impelling the growth of this market. However, the high cost required for the execution of all processes in BIM is restraining the growth of this market. In addition, it requires long training period and technical skills which are hindering the growth of this market. Nonetheless, government mandates regarding the use of this model will boost its adoption over the forecast period.

Building information modeling market is segmented on the basis of the solution and vertical. By solution, the market is segmented into software and services. Software held the largest share of BIM market due to high benefits for design modeling software for various construction projects. By end-users market is divided into architects, contractors, engineers, and others. Due to the rapidly increasing number of construction projects, architect segments will continue to lead the market in coming years. Different verticals analyzed in this market study are commercial, residential, infrastructure, institutional and industrial. Industrial segment is expected to show significant growth over the forecast period due to the reduced risk associated with a construction project in the industrial sector.

North America held the largest share in BIM market owing to increasing adoption of cloud based engineering software for constructions. Several European countries are pushing for more integrated adoption of BIM strategies in order to improve software interoperability and cooperation among actors of the building industry. Asia Pacific region is expected to record highest CAGR in coming years due to rise in construction projects in the industrial sector in economically emerging countries such as China, Japan, and India. Europe is expected to hold second largest share due to rising usage of BIM in civil infrastructure, industrial and others. Latin America and Middle East & Africa are also expected to exhibit considerable growth due to governments mandate in several countries.

Key players operating in global building information modeling market are Autodesk, Inc., Beck Technology, Ltd., Nemetschek AG., Trimble Navigation Ltd., Synchro Software Ltd., Pentagon Solutions Ltd., Bentley Systems, Inc., AECOM, Asite Solutions Limited., and Dassault Systemes SA, among others.