About BIM Software
Factors, such as government mandates and support to use BIM solutions in construction projects, are driving the growth of the global BIM market. Governments in countries such as the US, the UK, and Singapore are promoting the use of BIM in construction as it helps to minimize errors and time taken for the execution of the construction projects. BIM software enables the creation of a vector-based representation of building plans in 3D formats for construction projects of buildings, railways, and roads among others. BIM not only presents a digital representation of physical characteristics but also captures the necessary data during the construction phase.
Technavio’s analysts forecast the global BIM software market to grow at a CAGR of 17.04% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global BIM software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of BIM software worldwide.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global BIM Software Market 2016-2020
Technavio recognizes the following companies as the key players in the global BIM software market: Autodesk, AVEVA, Bentley Systems, Hexagon, NEMETSCHEK, and Trimble
Other Prominent Vendors in the market are: 4M, CYPE Ingenieros, Dassault Systèmes, Newforma, HSS, Pinnacle Infotech, and Viewpoint Systems
Commenting on the report, an analyst from Technavio’s team said: “3D laser scanning technology captures dimensions with accurate details, which assists in the BIM procedure. Architectural firms, developers, builders, and real estate agents widely use this in their construction projects for detailed documentation such as project scheduling, planning, coordination, cost estimation, sustainability, and facility management. 3D scanning is transforming the AEC industry. Some of the vendors, that provide BIM with 3D laser scanning are Trimble and Autodesk.”
According to the report, the inability to complete the construction projects on time and within the budget are the major problems faced by the construction industry. Inefficient project planning and scheduling, lack of contractor experience, improper site management and supervision, and delayed delivery of materials are some of the challenges that consume time in the construction projects. The implementation of BIM software can eliminate all these problems, save time, and enhance productivity as it reduces rework and dependence on paperwork. It also automatically updates the data and design changes in the project.
Further, the report states that technological advances in the market have led to the introduction of several open-source solutions. Open-source software can be downloaded and run on all platforms, and it is posing stiff competition to commercial BIM software. The increasing adoption of open-source solutions is reducing the revenue of the vendors. Since the purchasing and licensing costs of BIM software are high, many micro and small-scale organizations prefer open-source products. There are different categories of open-source BIM software available in the market.
Autodesk, AVEVA, Bentley Systems, Hexagon, NEMETSCHEK, Trimble, 4M, CYPE Ingenieros, Dassault Systèmes, Newforma, HSS, Pinnacle Infotech, Viewpoint Systems.
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