ID: MRFR/ICT/7292-CR | November 2020 | Region: Global | 177 pages
BIM Software Market is projected to expand at a 14.08% CAGR during the forecast period.
BIM software delivers a model-based process for designing and managing a digital prototype of buildings and infrastructure. This technology helps contractors and engineers improve their design efficiency and reduce the cost and time needed to curtail the errors during site work. BIM provides a better understanding of design concepts, increased emphasis on value-added tasks, improved site-safety, and reduced wastage of raw materials required in construction.
BIM software has been adopted across various application areas to plan, estimate, and visualize the building designs. BIM is generally used for designing complex structures, and most of the early adopters of BIM focused on implementing this technology on large complex projects. The BIM software market, based on application, has been segmented into buildings, public infrastructure, and industrial
By region, the BIM software market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. North America accounted for the largest share of 33.35% in 2018 and is likely to remain dominant by 2026. Europe was the second-largest region in 2018, and Asia-Pacific is likely to exhibit the highest CAGR of 17.36% by 2026
MRFR has identified the prominent players in the BIM software market. They include Trimble Inc., Autodesk Inc., 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 Systemes SA, and Oracle Corporation.
According to the MRFR analysis, Autodesk, Inc. is currently leading the global BIM software market in terms of market share. The company offers designing and developing software and services, which are utilized in various verticals, including automotive, transportation, industrial, and construction. Some of the BIM software solutions which the company provides are BIM 360 Ops, BIM 360 Plan, and BIM 360 Plan iPad app, among others. Moreover, the company provides solutions that allow its customers to be more agile and collaborative in their projects.
Global BIM software Market is segmented based on Software Model, Applications, and End-User.
By software model, the global BIM software market has been segmented into 3D, 4D, 5D, and others. The 3D segment accounted for the largest market share in 2019.
By application, the global BIM software market has been classified into the building, public infrastructure, industrial, and others. The buildings segment accounted for the largest market share in 2019.
Based on end-user, the global BIM software market has been divided into architects, contractors, engineers, and others. The architects segment accounted for the largest market share in 2019.
Geographically, the BIM software market has been segmented into the Asia-Pacific, North America, Europe, the Middle East & Africa, and South America
In 2019, the BIM software market was dominated by North America. The presence of key players such as Autodesk and Bentley systems and increasing investments in developing advanced infrastructure facilities in the region are also expected to drive the market for BIM software in the coming years. Europe accounts for the second-largest share in the BIM software market due to the growing construction sector and high demand for these software solutions by contractors, architects, and building owners in the region.
The key players operating in the global BIM software market include Trimble Inc. (US), Autodesk Inc. (US), PKPM (Beijing Jianli Technology Co., Ltd) (China), Integrated Environmental Solutions Limited (IES LTD.) (UK), Glodon Company Limited (China), Shanghai Luban Software Co., Ltd (China), Beijing Hongye Tongxing Technology Co., Ltd (China), Innovaya, LLC. ( China), Beck Technology Ltd (US), Cadsoft Corporation (Canada), Aveva Group Plc (UK), Rib Software Se (Germany), Siemens AG (Germany), Nemetschek SE (Germany), Bentley Systems (US), Dassault Systemes SA (France), and Oracle Corporation (US).
In April 2018, Trimble acquired Viewpoint, a leading provider of scalable construction management software firm, to provide complete and more integrated project and business workflows across the entire construction lifecycle.
In April 2019, Beijing Jianli Technology Co., Ltd partnered with Shanghai Hua Power Information Technology Co., Ltd (referred to as Hua Power) to integrate Hua Power with the PKPM BIM platform to develop a new software PKPM HDY SMOKE, to develop smoke prevention design.
In July 2019, IES LTD launched the latest version of its virtual environment software. The software was developed to simplify the approach and reduce simulation time for construction processes. Furthermore, it is also used for developing building models.
In September 2019, Glodon Company Limited partnered with Bill Solutions, a consultation firm in the UK, to promote the development and internationalization of China's construction industry, strengthening the standardization of construction. The partnership is expected to explore business opportunities and strengthen brand and product promotion in the UK.
Key Questions Addressed by the Report
Frequently Asked Questions (FAQ) :
The global BIM software market valuation can reach USD 7,727.82 million by 2025.
The global BIM software market size in 2018 was USD 3,174.86 million in 2018.
The global BIM software market growth is expected to be 13.7% from 2019 to 2025.
Collaboration between architects, engineers, and builders on a common platform, government mandates for adoption of BIM, and efforts for sustainable construction are major growth enablers of the global BIM software market.
Implementation of the software is the major challenge of the global BIM software market.