BIM (Building Information Modeling) software companies, specialize in providing software solutions for creating and managing digital representations of physical structures. BIM software facilitates collaborative design, construction, and operation processes, improving efficiency and reducing errors in the construction industry. BIM software companies are pivotal in modernizing architecture and construction practices.
Competitive Landscape of the BIM Software Market:
The global BIM software market is expected to witness significant growth in the coming years, driven by factors such as increasing government initiatives promoting BIM adoption, rising awareness of its benefits among construction stakeholders, and technological advancements. This growth has attracted numerous players, making the competitive landscape highly dynamic.
Key Players:
Strategies Adopted:
Factors for Market Share Analysis:
New and Emerging Companies:
Several new players are entering the BIM software market, offering innovative solutions and challenging established players. Some examples include:
Current Company Investment Trends:
Latest Company Updates:
Leading cement, concrete and aggregate manufacturer Cemex created a number of innovative Building Information Modelling (BIM) technologies in 2023 for planning and overseeing building projects in Poland. These digital tools assist clients in finding the best Cemex products and solutions, allowing them to make the most creative, economical, and environmentally friendly decision.
Leader in construction photogrammetry OpenSpace declared in 2023 that it will be introducing tools to further integrate the insights from its reality capture technology into building information modelling (BIM) and the construction industry.
The BIM Software Market size is projected to grow from USD 11.1 Billion in 2024 to USD 33.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.9% during the forecast period (2024 - 2032). Additionally, the market size for BIM Software was valued at USD 9.7 Billion in 2023.
Growing number of government mandates for the adoption Of BIM and growing digitalization in the construction industry is enhancing the adoption of BIM software results in driving the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Growing Number of Government Mandates for The Adoption Of BIM
BIM is one of the greatest technological innovations in the construction industry. However, due to various barriers such as cost and technological limitations, implementation is lagging in several countries, requiring strong government support for the successful deployment and development of BIM software. Authorities in most countries across the globe are promoting the use of BIM for all construction projects. Governments of various countries are coming up with initiatives and BIM implementation strategies to increase the adoption of BIM in the architecture, engineering, and construction (AEC) industry. BIM and its implementation are becoming mandatory for all centrally procured private and public sector projects in several countries across the world.Furthermore, the use of BIM is altering the way buildings are designed and built. BIM is currently becoming the legal standard for most countries, and others are working toward using it. Such adoption of BIM and the growing number of government mandates are propelling the use of BIM software, which is driving the growth of the BIM software market.
BIM Software Market Covid Impact
The construction and engineering sectors have already been dealing with various challenges such as lack of capital and credit avenues leading to insolvencies, multiple frauds, and a regulatory burden under the Environment Laws and the Real Estate (Regulation and Development) Act, 2016. The COVID-19 pandemic has made this situation even worse. For example, governments have imposed partial and total lockdown. However, due to the restrictions put in place by the government, all the construction activities and most of the business activities across the country have been halted. Also, the lockdown has resulted in reverse migration and disruption of supply chains, which have caused delays and hindrances in meeting the obligations under the construction and engineering contracts. These are further expected to cause legal issues for the industry.
BIM Software Market Russia-Ukraine War Impact
Russia's invasion of Ukraine and the ongoing effects of the pandemic had a negative and unclear impact on the world economy. Many of the downside risks mentioned in April World Economic Outlook have started to manifest. The world's financial conditions have become more rigid due to higher-than-expected inflation, particularly in the United States and major European nations. With COVID-19 outbreaks and lockdowns, China's recession has been greater than expected, and the conflict in Ukraine has had further detrimental effects.
The BIM software segmentation, based on software model, includes 3D, 4D, 5D, and others. In terms of BIM software model revenue, the 3D segment accounted for the largest market share in 2021. This is because the 3D representation model provides the key to supporting engineering and architecture components for decision making throughout the project life cycle. The 3D software model helps in the efficient and accurate capture of design in 3D, which accelerates its demand for building and construction projects.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
March 2022, Autodesk Inc. announced Bridge, a new collaboration capability that allows construction teams to communicate important data with project stakeholders regardless of whether they are on the same team or working on the same project within the Autodesk Construction Cloud. Bridge allows teams to share certain sheets, folders, and files with collaborators without having to share the entire project's data set, giving teams autonomy over their separate data sets.
November 2020: Autodesk Inc. has announced the integration of Bridgit Bench's workforce management capabilities with Autodesk Cloud Construction. BIM 360 and Building Connected Integrations are powered by the construction cloud. This interface is expected to reduce double input and discrepancy mistakes, as well as improve resource management in the cloud and BIM 360.
The BIM software segmentation, based on application, includes buildings, public infrastructure, industrial, and others. The buildings segment dominated the market in 2021. This is due to the high adoption rate across the construction industry for the construction of commercial and residential buildings. With the increased adoption of this software, even SMEs are effectively gaining interest in BIM for residential design, proper strategic planning, and preparation.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
April 2020: A new BIM solution will be introduced by Nemetschek AG and Spacewell in conjunction with the Integrated Workplace Management System (IWMS) program. This is anticipated to assist the project team and owner in managing and operating buildings using digital BIM data, intelligence, and visualization.
March 2020: Trimble Inc. has released a new edition of its Tekla structural engineering, building information modeling, and steel fabrication management software. It promotes better collaboration, permits information to flow freely, and aids in creating, designing, and overseeing the operational lifecycle.
The BIM software data has been bifurcated into categories for architects, contractors, engineers, and others. The contractor segment dominated the market in 2021 and is projected to be the fastest-growing segment during the forecast period, 2022–2030. This helps in improving the productivity, efficiency, quality, and safety of the construction projects, which helps the contractors maintain a competitive advantage in the market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Furthermore, this software helps in estimating the costs of building systems, materials, and equipment involved in the project, which helps in estimating the overall cost and bidding accurately.
March 2021, Bentley Systems Inc. has agreed to buy Seequent, a pioneer in 3D modeling software for geoscience and building information monitoring. A price of US$1.05 billion was agreed upon for the sale.
October 2019, Beck Technology Ltd collaborated with Procore Technologies, Inc., a construction management software vendor, to ensure a smooth workflow. This collaboration increases the builders' output.
By Region, the study segments the market into North America, Europe, Asia-Pacific Middle East & Africa, and South America. During the projected period, North America is expected to hold the largest market share for BIM Software. Government support for the adoption of BIM, high technical expertise, and increasing number of construction projects are some of the prime factors driving the market growth of BIM in this region.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
During the forecast period, Asia Pacific is predicted to be the fastest-growing region for the BIM Software market. The countries in this region are significantly adopting advanced technologies to improve the competitive edge of its design and construction industry.
The countries considered in the scope of BIM software market are US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.
The BIM software market consists of various and local providers that are continuously developing new solutions and systems based on BIM software for expansion to solidify their market position. The providers compete on the basis of cost, solutions, and services in the BIM software market. BIM software is used by architects and engineers across the construction industry. The BIM software is an intelligent 3D model-based process that offers an architecture, engineering, and construction (AEC) professional useful information and solutions for effective design, construction, planning, and management of buildings and infrastructure.
The companies are primarily focusing on partnership, acquisition, and product launch. Various key players in the market, such as Autodesk, Inc., Trimble, Inc., Dassault Systems SA, Siemens AG, Oracle Corporation, and others, are focusing on acquisitions and partnerships to strengthen their product portfolios and increase their presence in untapped markets.
Trimble 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
Dassault Systems SA
Oracle Corporation
March 2022, Autodesk Inc. announced Bridge, a new collaboration capability that allows construction teams to communicate important data with project stakeholders regardless of whether they are on the same team or building project within the Autodesk Construction Cloud. Bridge allows teams to share certain sheets, folders, and files with collaborators without having to share the entire project's data set, giving teams autonomy over their separate data sets.
November 2020 - Autodesk Inc. has announced the integration of Bridgit Bench's Workforce Management Capabilities with Autodesk Cloud Construction. BIM 360 and Building Connected Integrations are powered by the construction cloud. This interface is expected to reduce double input and discrepancy mistakes, as well as improve resource management cloud and BIM 360.
March 2021, Bentley Systems Inc. has agreed to buy Seequent, a pioneer in 3D modeling software for geoscience and building information monitoring. A price of US$1.05 billion was agreed upon for the sale.
October 2019, Beck Technology Ltd collaborated with Procore Technologies, Inc., a construction management software vendor, to ensure a smooth workflow. This collaboration increases the builders' output.
April 2020 - A new BIM solution introduced by Nemetschek AG and Spacewell in conjunction with the Integrated Workplace Management System (IWMS) program. This is anticipated to assist the project team and owner in managing and operating buildings using digital BIM data, intelligence, and visualization.
March 2020 - Trimble Inc. has released a new edition of its Tekla structural engineering, building information modeling, and steel fabrication management software. It promotes better collaboration, permits information to flow freely, and aids in creating, designing, and overseeing the operational lifecycle.
October 2019, Beck Technology Ltd collaborated with Procore Technologies, Inc., a construction management software vendor, to ensure a smooth workflow. As a result of this relationship, builders are more productive.
July 2019, Integrated Environmental Solutions Limited (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; it is also used for the development of building models.
3D
4D
5D
Others
Buildings
Public Infrastructure
Industrial
Others
Architects
Contractor
Others
Engineer
North America
Europe
Asia-Pacific
Rest of the World
BIM Software Market Highlights:
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