Building information modeling software market 2022-2026; A descriptive analysis of the five forces model, market dynamics, and segmentation - Technavio

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Jan 30, 2023, 19:00 ET

NEW YORK, Jan. 30, 2023 /PRNewswire/ -- According to Technavio, the global building information modeling software market size is estimated to grow by USD 18.05 billion from 2022 to 2026. The market is estimated to grow at a CAGR of 20.12% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 34%. Get deeper insights into the market study. Buy the report!

Technavio has announced its latest market research report titled Global Building Information Modeling Software Market 2022-2026

Building information modeling software market - Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers–

Bargaining Power of Buyers
The threat of New Entrants
Threat of Rivalry
Bargaining Power of Suppliers
Threat of Substitutes
Interpretation of porter's five models helps to strategize the business, for entire details – Download Sample Report

Building information modeling software market – Customer Landscape

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Building information modeling software market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on product (software and services) and geographic (North America, Europe, APAC, Middle East and Africa, and South America).

The market growth will be significant in the software segment during the forecast period. BIM software standardizes the construction process by enabling efficient planning, designing, construction, and management of buildings and infrastructure. It provides an opportunity for the contractors to increase the profitability and efficiency of their projects and deliver high-quality work. With the growth in the global construction industry, the demand for BIM software is expected to increase during the forecast period.

Geography Overview
By geography, the global building information modeling software market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global building information modeling software market.

APAC will account for 34% of the market growth during the forecast period. The growth of the regional market is driven by the increasing construction of commercial and industrial buildings and economic development in countries such as China, India, Japan, and Indonesia.

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Building information modeling software market – Market Dynamics

Key factor driving market growth

The market is driven by increasing requirements for large-scale project management.
BIM software automates processes to ensure maximum outputs by managing resources and maintaining regular follow-up.
Adopting BIM solutions in large-scale project management increases productivity.
It provides an opportunity for organizations to handle project-related inquiries easily and effectively, thereby ensuring efficient process management.
BIM solutions also automate sales leads and aid in growing sales.

Leading trends influencing the market

The growth of 5D BIM is identified as the key trend in the market.
3D BIM has certain limitations when it comes to providing a platform for the integration of time and cost factors.
This led to the advent of 5D BIM, which considers more dimensions.
5D BIM allows investors to easily assess information on various factors such as productivity rates, and real-time cost estimation, among others.
The emergence of 5D BIM will have a positive influence on the growth of the market during the forecast period.

Major challenges hindering the market growth

The high implementation and operating cost is one of the major challenges affecting the market growth.
Several small firms in the construction industry refrain from adopting BIM software and look for solutions that fit their budget.
The support and maintenance costs of BIM are high as these solutions are complex and require trained professionals to use the software.
Besides, most SMEs are reluctant to invest large amounts in small projects and are skeptical about the return on investment.

Driver, trend, and challenges are the factors of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this building information modeling software market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the building information modeling software market between 2022 and 2026
Precise estimation of the size of the building information modeling software market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the building information modeling software market industry across North America, Europe, APAC, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of building information modeling software market vendors

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Related Reports:

The building information modeling market size is projected to increase to USD 8.42 billion from 2021 to 2026 at an accelerating CAGR of 19.14%. The rise in the work-from-home model is notably driving the building information modeling market growth, although factors such as the low digitization rate in the construction industry may impede the market growth.
The 5-D building information modeling market size is expected to increase to USD 840.99 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 15.68%. The advantages of 5-D BIM over previous versions is notably driving the 5-D building information modeling market growth, although factors such as the high implementation and operating costs may impede the market growth.

Building Information Modeling Software Market Scope
Report Coverage	Details
Page number	135
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 20.12%
Market growth 2022-2026	USD 18.05 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	13.64
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	APAC at 34%
Key countries	US, Japan, China, UK, and France
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	ABB Ltd., ACCA software Spa, AECOM, Asite Solutions Ltd., Autodesk Inc., AVEVA Group Plc, Bentley Systems Inc., Cadsoft Corp., Dassault Systemes SE, GRAITEC Innovation SAS, Hexagon AB, Nemetschek SE, Pinnacle Infotech Inc., Plannerly, Planon Shared Services BV, Schneider Electric SE, Siemens AG, The Beck Group, Trimble Inc., and 4M SA Advanced Software Engineering Systems
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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 Product
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 Product

5.1 Market segments

Exhibit 24: Chart on Product - Market share 2021-2026 (%)
Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product

Exhibit 26: Chart on Comparison by Product
Exhibit 27: Data Table on Comparison by Product

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 Product

Exhibit 36: Market opportunity by Product ($ 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

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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