Building Information Modeling Market Size to Grow by USD 8.42 Bn at a CAGR of 19.14%| Software segment is expected to witness lucrative growth | Technavio

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This market research report extensively covers building information modeling market segmentations by the following:

• Type - Software and services
• The software sector will gain considerable market share in building information modeling. BIM software is a three-dimensional design program that can help with design optimization in the domains of architecture, construction, plant, and civil engineering. BIM models virtualize the entire lifecycle of a project, from conception to completion. When BIM is implemented, projects can be completed faster, cheaper, and with less environmental effect. During the projected period, the BIM market will rise because of the widespread use of BMI software.
• Geography - North America, Europe, APAC, Middle East and Africa, and South America
• North America will account for 40% of the market's growth. The United States is the most important market in North America for information modeling. The market in this region will grow more slowly than the market in other regions.
• Over the forecast period, the rapidly growing urban population and rising government spending will aid the expansion of the building information modeling market in North America.

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Building Information Modeling Market Dynamics

Market Driver

One of the major factors driving the expansion of the building information modeling (BIM) business is the rise of the work-from-home concept. Engineers and builders can use BIM software to manage customer contracts, project management, sales, and other activities from afar.  Many builders and owners believe that now is an excellent opportunity to upskill laborers and teach basic foundation understanding of digital technologies to boost efficiency. As a result, the building information modeling (BIM) industry will rise over the forecast period.

Market Trend

The primary building information modeling market trends driving growth are increased urbanization and infrastructure initiatives. A new era of design and construction has arrived, thanks to digital design tools, computer-controlled manufacturing, computer-controlled connectivity, and interconnection. BIM has significant advantages over prior technologies like paper-based design and modeling, as well as CAD systems, which drives its adoption.

Market Challenge

One of the issues restricting the growth of the building information modeling (BIM) sector is the construction industry's low digitalization rate. Large-scale construction projects are typically seen to take longer to finish and go over budget, resulting in lower contractor profits. Construction project performance management is insufficient, and supply-chain processes are still crude. During the projected period, such constraints will limit the growth of the building information modeling (BIM) market.

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Building Information Modeling Market Segmentation

• Type
• Software
• Services
• Geography
• North America
• Europe
• APAC
• Middle East And Africa
• South America

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Building Information Modeling Market Vendor

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• 4M SA Advanced Software Engineering Systems
• ABB Ltd.
• ACCA software Spa
• AECOM
• Asite Solutions Ltd.
• Autodesk Inc.
• AVEVA Group Plc
• Bentley Systems Inc.
• Cadsoft Corp.
• Dassault Systemes SE

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Product Insights and News

• Asite Solutions Ltd. - The company offers building information modeling such as BIM Escalator which provides designers, engineers and contractors a set of BIM and CAD tools. 
• Autodesk Inc. - The company offers building information modeling such as AEC Collection which provides designers, engineers and contractors a set of BIM and CAD tools supported by a cloud based common data environment that facilitates project delivery from early stage design through to construction. 
• AVEVA Group Plc - The company offers building information modeling such as AVEVA Bocad which provides class leading productivity in structural steelwork, enabling consistently rapid, high quality design, fabrication and construction, for on time, on-budget delivery of a high-quality project.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments
• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 Software - Market size and forecast 2021-2026
• Exhibit 28: Chart on Software - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Software - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Software - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Software - Year-over-year growth 2021-2026 (%)

• 5.4 Services - Market size and forecast 2021-2026
• Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Type
• Exhibit 36: Market opportunity by Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Japan - Market size and forecast 2021-2026
• Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.10 UK - Market size and forecast 2021-2026
• Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.11 China - Market size and forecast 2021-2026
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.12 France - Market size and forecast 2021-2026
• Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Asite Solutions Ltd.
• Exhibit 89: Asite Solutions Ltd. - Overview
• Exhibit 90: Asite Solutions Ltd. - Product / Service
• Exhibit 91: Asite Solutions Ltd. - Key offerings

• 10.4 Autodesk Inc.
• Exhibit 92: Autodesk Inc. - Overview
• Exhibit 93: Autodesk Inc. - Business segments
• Exhibit 94: Autodesk Inc. - Key news
• Exhibit 95: Autodesk Inc. - Key offerings
• Exhibit 96: Autodesk Inc. - Segment focus

• 10.5 AVEVA Group Plc
• Exhibit 97: AVEVA Group Plc - Overview
• Exhibit 98: AVEVA Group Plc - Business segments
• Exhibit 99: AVEVA Group Plc - Key offerings
• Exhibit 100: AVEVA Group Plc - Segment focus

• 10.6 Bentley Systems Inc.
• Exhibit 101: Bentley Systems Inc. - Overview
• Exhibit 102: Bentley Systems Inc. - Product / Service
• Exhibit 103: Bentley Systems Inc. - Key offerings

• 10.7 Dassault Systemes SE
• Exhibit 104: Dassault Systemes SE - Overview
• Exhibit 105: Dassault Systemes SE - Product / Service
• Exhibit 106: Dassault Systemes SE - Key news
• Exhibit 107: Dassault Systemes SE - Key offerings

• 10.8 Hexagon AB
• Exhibit 108: Hexagon AB - Overview
• Exhibit 109: Hexagon AB - Business segments
• Exhibit 110: Hexagon AB - Key news
• Exhibit 111: Hexagon AB - Key offerings
• Exhibit 112: Hexagon AB - Segment focus

• 10.9 Nemetschek SE
• Exhibit 113: Nemetschek SE - Overview
• Exhibit 114: Nemetschek SE - Business segments
• Exhibit 115: Nemetschek SE - Key offerings
• Exhibit 116: Nemetschek SE - Segment focus

• 10.10 Schneider Electric SE
• Exhibit 117: Schneider Electric SE - Overview
• Exhibit 118: Schneider Electric SE - Business segments
• Exhibit 119: Schneider Electric SE - Key news
• Exhibit 120: Schneider Electric SE - Key offerings
• Exhibit 121: Schneider Electric SE - Segment focus

• 10.11 The Beck Group
• Exhibit 122: The Beck Group - Overview
• Exhibit 123: The Beck Group - Product / Service
• Exhibit 124: The Beck Group - Key offerings

• 10.12 Trimble Inc.
• Exhibit 125: Trimble Inc. - Overview
• Exhibit 126: Trimble Inc. - Business segments
• Exhibit 127: Trimble Inc. - Key offerings
• Exhibit 128: Trimble Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 129: Inclusions checklist
• Exhibit 130: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 131: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 132: Research methodology
• Exhibit 133: Validation techniques employed for market sizing
• Exhibit 134: Information sources

• 11.5 List of abbreviations
• Exhibit 135: List of abbreviations

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