Global BIM Software Market is predicted to reach USD 25.61 billion at a CAGR of 14.9% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global BIM Software Market” that contains information from 2022 to 2030. The Global BIM Software Market is estimated to register a CAGR of 14.9% during the forecast period of 2022 to 2030.
MRFR recognizes the following companies as the key players in the Global BIM Software Market— PKPM (Beijing Jianli Technology Co., Ltd), Integrated Environmental Solutions Limited (IES Ltd.), Glodon Company Limited, Shanghai Luban Software Co., Ltd, Beijing Hongye Tongxing Technology Co., Ltd, Innovaya, LLC, Beck Technology Ltd, Cadsoft Corporation, Aveva Group Plc, Rib Software SE, Siemens AG, Nemetschek SE, Bentley Systems, Dassault Systems SA, and Oracle Corporation.
Market Highlights
Global BIM Software Market is accounted to register a CAGR of 14.9% during the forecast period and is estimated to reach USD 25.61 Billion by 2030.
BIM, which stands for Building Information Modeling, represents an innovative approach in the realm of architecture, engineering, and construction. BIM software, encompassing a suite of sophisticated computer programs and tools, is meticulously engineered to streamline and enhance every facet of the intricate lifecycle associated with building and infrastructure projects. At its core, BIM software serves as a dynamic conduit for crafting, overseeing, and synergizing digital models and information across the entire project journey. Unlike conventional Computer-Aided Design (CAD) software, which primarily focuses on geometric delineations, BIM software transcends these boundaries. It elevates digital representation by amalgamating diverse dimensions of data, including geometrical attributes, material properties, system functionalities, temporal sequencing, cost estimations, sustainability considerations, and much more. This holistic integration empowers stakeholders to visualize, analyze, and fine-tune projects with unparalleled precision, fostering a comprehensive understanding that extends far beyond mere visualizations.
Segment Analysis
The Global BIM Software Market has been segmented based on Software Model, Application, and End-users.
Based on Software Model, the market is segmented into 3D, 4D, 5D, and Others. The dominance of the 3D category in the BIM Software market is attributed to its ability to create comprehensive visual representations of building projects, facilitating better design, analysis, and communication.
Based on Application, the market is segmented into Buildings, Public Infrastructure, Industrial, and Others. The dominance of the Buildings category in the BIM Software market is fueled by the construction industry's increasing adoption of digital tools for efficient design, collaboration, and lifecycle management of building projects.
Based on End-users, the market is segmented into Architects, Contractor, Engineer, and Others. The dominance of the Architects category in the BIM Software market is fueled by their pivotal role in shaping project designs and their need for comprehensive tools that enhance collaboration, visualization, and accuracy in the design process.
Regional Analysis
The Global BIM Software Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global BIM Software Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global BIM Software Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global BIM Software Market comprises of Middle East, Africa, and Latin America.
North America is projected to possess the most significant market share in the BIM Software industry, with factors such as government backing for BIM adoption, elevated technical proficiency, and a rising count of construction undertakings propelling market expansion in this area.
Throughout the forecast period, the Asia Pacific region is anticipated to emerge as the swiftest expanding market for BIM Software. The nations within this region are actively embracing cutting-edge technologies to enhance the competitive advantage of their design and construction sectors.
Key Findings of the Study