Building Information Modelling (BIM) companies provide software and services for creating and managing digital representations of physical building and infrastructure projects. BIM technology facilitates collaborative design, construction, and operation processes, improving efficiency and reducing errors in the construction industry. BIM companies are pivotal in modernizing architecture and construction practices.
Competitive Landscape of Building Information Modelling Market:
The Building Information Modelling (BIM) market is experiencing a surge, fueled by its potential to revolutionize the construction industry. Driven by factors like increased efficiency, cost reduction, and improved collaboration, the market is projected to reach a staggering USD 15.0 billion by 2028, registering a CAGR of 13.7%. This growth presents exciting opportunities, but also a dynamic and competitive landscape. Let's delve into the key players, strategies, and trends shaping this burgeoning market.
Key Players:
Strategies Adopted:
Factors for Market Share Analysis:
New and Emerging Companies:
The BIM market is witnessing a continuous influx of new players, each with unique offerings:
Current Company Investment Trends:
Latest Company Updates:
Following the announcement of its most recent partnership with Revizto, OpenSpace, a leader in 360-degree reality capture and AI-powered analytics, has announced the launch of OpenSpace BIM+ in 2023. By enabling BIM coordination on site, OpenSpace BIM+ is a set of simple-to-use 3D tools that assist field teams and virtual design and construction (VDC) teams in finishing their work more quickly.
The leading provider of Building Information Modelling (BIM) software solutions for architectural and transdisciplinary design, Graphisoft, announced today the addition of major feature enhancements to Archicad, BIMcloud, BIMx, and DDScad to its newest product portfolio for 2023. The news comes after a comprehensive Technology Preview Programme that allowed customers to provide feedback on how Graphisoft's flagship product, Archicad, should develop.
At the Autodesk University trade exhibition in the previous year, Forma was introduced as a stand-alone cloud in 2023 that would integrate with all of the technology giant's engineering, building, and architecture workflows. The planning phase is still at the forefront of what Autodesk has released; design tools like AutoCAD and Revit can integrate Forma's data output without requiring adjustments to their current workflows.
Building Information Modelling (BIM) Market Size was valued at USD 7.26 billion in 2021. The Building Information Modelling (BIM) market industry is projected to grow from USD 8.41 billion in 2022 to USD 25.61 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.9% during the forecast period (2024 - 2030). The growing number of government mandates and policies for the adoption of rapid urbanization and growing digitalization in the construction industry are some of the key drivers of the BIM market growth.
Figure 1: Building Information Modelling Market Share, 2022-2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Governments across the globe had imposed lockdowns to control the effects of the coronavirus. These have triggered a shortage of raw material and workforce, which had affected the ongoing construction projects by the contractors. It has also resulted in the disruption of the supply chain, which had resulted in distractions for contractors for performing contractual obligations. Additionally, in the construction and engineering sector, some of the machinery and material import and export witnessed disruptions. Contractors across the globe stated that they had witnessed project delays due to COVID-19. Apart from government-mandated closures of project sites, the other reasons include postponements in shipments of materials and equipment, tasks of searching for new workers, owners withdrawing or rescheduling their projects, and trouble in getting the necessary authorizations and inspections as government offices have reduced their availability, thereby impacting BIM market.
Growing Digitalization In The Construction Industry
Digitalization in the construction industry is driven by various factors, including capturing information in a model, use of technologies, single source of truth, digital collaboration, future-proof designs, and construction. Each of these factors is provided by BIM software, which results in its higher adoption. For instance, if a building is designed in BIM software, and its information is captured in the BIM model, then this data can be shared between all the stakeholders using the cloud. The building is first built digitally to avoid failures in the actual building process. Digital construction addresses the challenge of low productivity in the sector. This enables the integration of processes throughout the entire lifecycle by utilizing BIM systems. Hence, the growing digitalization in the construction industry enhances the adoption of BIM software and thus drives the market growth.
Based on component, the BIM market has been segmented into BIM software and BIM services. BIM software holds the largest market share in the market. A BIM software is a 3D design and modeling software that helps the user to optimize the work of designing for construction, civil, architecture, plant, and MEP projects. The BIM software is further segmented into construction management, designing software, cost estimation & scheduling, operation and maintenance, and others. BIM services is further segmented into professional services and managed services. This is a method of approaching documentation and design for a wide range of projects.
June 2021: The Nemetschek Group collaborated with Allplan and SDS; the alliance focuses on creating strong and customer-focused products related to BIM software.
October 2019: Beck Technology Ltd partnered with Procore Technologies, Inc., a provider of construction management software, to ensure a streamlined workflow. This partnership enhances the productivity of the builders.
FIGURE 2: BUILDING INFORMATION MODELLING (BIM) MARKET SHARE BY COMPONENT 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on project lifecycle, the BIM market has been segmented into pre-construction, construction, and operation. Pre-construction segment is expected to hold a largest market share in the market. However, operation segment is expected to grow at a highest CAGR. The pre-construction segment is further segmented into conceptual stage, design stage, and pre-construction stage (Bidding & Selection of GC).
Based on deployment model, the BIM market has been segmented into on-premise and on-cloud. On-premise holds a largest market share in the market and is expected to grow at a highest CAGR.
Based on end user, the BIM market has been segmented into government, architect, engineering, contractors, facility managers, maintenance technicians, academic, and owners. Architect segment is expected to hold a largest market share. The use of BIM for architects helps to improve quality and boost the design processes. The design processes include modeling workflows, concept design, multidiscipline coordination, and construction documentation. The BIM software and services enable the architects to deliver interesting possibilities for future design.
The BIM market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The BIM market is dominated by North America. Mandatory regulations imposed by the governments in the region to use BIM software for construction projects, especially projects related to public infrastructure, primarily boosted the market in North America. The presence of key players such as Autodesk, Trimble, Bentley systems and high focus on building advanced infrastructure facilities in the region are also expected to drive the BIM market in the coming years.
Europe accounts for the second-largest market share in the BIM market due to the growing construction sector and high demand for these software solutions by contractors, architects, and building owners in the region. The growing urbanization, including smart cities and green building concepts, is expected to fuel the market growth further. Moreover, most of the governments in the European countries have mandated the use of BIM for public projects, fueling the adoption of BIM software tools.
Asia-Pacific is expected to be a lucrative market in the BIM market due to a high focus on digitalization, increasing investments by government and real-estate sectors in the development of advanced infrastructure for residential, industrial, as well as commercial sectors, and increasing adoption of cloud platforms in the region. Also, the increasing adoption rate of technologies such as artificial intelligence, IoT, cloud computing, augmented reality, and virtual reality is expected to positively impact the BIM market in the coming years.
FIGURE 3: BUILDING INFORMATION MODELLING (BIM) MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The market for building information modelling market has witnessed significant growth over the forecast period. There are several domestic, regional, and players operating in the Building Information Modelling market who continuously strive to gain a significant share of the overall market. During the study, MRFR has analyzed some of the major players in the Building Information Modelling market who have contributed to the market growth. These include Autodesk Inc., Hexagon AB, Trimble Inc., Dassault Systèmes, Nemetschek SE, Bentley Systems, Aveva, RIB Software, Archidata, Asite, Procore Technologies, Arcadiasoft, ACCA Software, Beck Technology.
Nemetschek SE
Bentley Systems
Dassault Systemes SA
Aveva Group PLC
Rib Software SE
Archidata Inc.
Asite.
Procore Technologies, Inc.
Arcadiasoft
Acca Software
Beck Technology Ltd
June 2021: The Nemetschek Group collaborated with Allplan and SDS; the alliance focuses on creating strong and customer-focused products related to BIM software.
July 2021: Aveva Group PLC. partnered with RIB software, a company specializing in construction technologies. The partnership increased the project execution portfolio of the AVEVA group.
April 2021: Trimble Inc. expanded its availability of QUADRI BIM software to be used for civil works in North America. The software is well known and highly used in Europe.
March 2021: Autodesk Inc. expanded the availability of its BIM software Autodesk takeoff on a level. The new software will perform 2D and 3D quantification workflows with increased accuracy and speed, while the cloud-based software will provide multi-user access.
Building Information Modelling (BIM) Component Outlook
BIM Software
Designing Software
Cost Estimating & Scheduling
Construction Management
Operation and Maintenance
Others
BIM Services
Professional Services
Managed Services
Pre-construction
Conceptual Stage
Design Stage
Pre-Construction Stage
Construction
Operation
On-premise
On-cloud
Government
Architect
Engineering
Contractors
Facility Managers
Maintenance Technicians
Academic
Others
North America
US
Canada
Mexico
Europe
Germany
France
UK
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East & Africa
South America
Building Information Modelling Market Highlights:
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)