Building Information Modeling (BIM) Market Overview:

The Building Information Modeling (BIM) Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Building Information Modeling (BIM) Market, as well as the causes for variances in the industry's growth in different regions.

The Building Information Modeling (BIM) Market size is projected to reach US$ 15.12 Bn. at the end of the forecast period at a CAGR of 12.4%.

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Market Scope:

Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.

Segmentation:

Based on the component, the building information modeling (BIM) market is bifurcated into software and services. In 2021, the BIM software segment held the majority of the market share, accounting for nearly two-thirds of total revenue. The growing demand for digital tools in the AEC industry is expected to drive up demand for BIM software even further. The BIM service, on the other hand, is expected to be the fastest-growing market during the forecast period. Increasing demand for services such as consultation, documentation support, and others is expected to drive the overall market growth.

Based on the project phase, the market is segmented into pre-construction, construction, and post-construction. During the forecast period, the pre-construction segment is expected to lead the market. The implementation of BIM in the pre-construction phase helps in virtual reality tours and visualization experiences, which are becoming increasingly popular. This further helps in reducing mistakes during the projects.

Based on the application, the market is segmented into commercial, residential, industrial, and public infrastructure. During the forecast period, the commercial segment is expected to lead the market. The high cost of constructing large and important commercial buildings would increase the demand for an effective digital collaboration tool.

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Key Players:

Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.

• Autodesk Inc.
• Dassault Systemes SA
• Bentley Systems Inc.
• Nemetschek AG
• Beck Technology Ltd.
• AVEVA Group Plc.
• Hexagon AB
• Pentagon Solution Ltd.
• Trimble Ltd.
• Synchro Software Ltd.
• Pinnacle Infotech
• Planon Group
• LOD Planner Inc.
• ACCA software S.p.A.
• Vectorworks, Inc.
• Revit Modeling India

Regional Analysis:

Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Building Information Modeling (BIM) Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Building Information Modeling (BIM) Market:

End-user industries where Building Information Modeling (BIM) Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Building Information Modeling (BIM) Market manufacturers, influencing the development of the Building Information Modeling (BIM) Market in 2020. End-user business demand for Building Information Modeling (BIM) Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.

Key Questions Answered in the Building Information Modeling (BIM) Market Report are:

In 2021, which segment held the highest proportion of the Building Information Modeling (BIM) Market?

What is the Building Information Modeling (BIM) Market's competitive landscape?

What are the primary drivers assisting the Building Information Modeling (BIM) Market growth?

Which region has the most market share in the Building Information Modeling (BIM) Market?

What will be the Building Information Modeling (BIM) Market's CAGR throughout the projected period?

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