Global BIM Software Market Research Report: Forecast to 2025
The global building information modeling (BIM) software market is projected to exhibit a CAGR of 13.77%, in terms of value it is expected to generate a market value of USD 7727.8282 million during the evaluation period. BIM software is an abbreviation of Building information modeling software and uses computer-aided software to create a digital design model of buildings and infrastructures. BIM software has many advantages as it improves productivity, saves money and time, avoids conflict during construction, and minimizes errors hence they are becoming popular.
The BIM software is ready to witness significant growth in the forecast period due to the supportive government regulations to adopt BIM software and digitization of the construction industry. The governments of the many emerging economies are taking imitative and coming up with new strategies to expand the adoption of BIM in the Architecture, Engineering, and Construction (ACE) sectors. However, the cost and technology limitations in developing countries can limit the growth of the market in the region. The US and UK have successfully adopted and implemented the BIM software in their Constructions and infrastructures. North America is likely to lead the global BIM software market followed by Europe owing to existing well-established economies.
The global BIM software market has been segmented By Software Model, Applications, and End-User. Based on the application segment the market is divided into 3D, 4D, 5D, and Others. The application type segregates the global market into the building, public infrastructure, Industrial, and others. Based on the end-user category the global market is segmented into Architects and Engineers, Contractors and Others.
Geographically, the global BIM software market has been segregated into North America, Europe, Asia-Pacific, and the rest of the world.
North America is estimated to dominate the market, 2018 it has the largest market contribution of 33%, is evaluated to exhibit a CAGR of 13.65% during the review period. The regional growth is driven by the government regulations in the region on the use of BIM software for construction projects, especially for public infrastructure.
In 2018, Europe held the second-largest market share and is estimated to register a CAGR of 12.75% owing to the rising construction projects and growing demand for these software solutions by contractors, architects, and building owners in the region. However, the market in Asia-Pacific anticipated as the fastest growing market at a significant CAGR of 17.03% during the evaluation period. The regional market is driven by the increasing construction industry and huge demand for these software solutions by contractors, architects, and building owners in the region.
The Major Players of the Global BIM Software Market are Trimble Inc., Autodesk Inc., PKPM (Beijing Jianli Technology Co., Ltd), Ltd, Beijing Hongye Tongxing Technology Co., Ltd, Innovaya, LLC., Beck Technology Ltd, Cadsoft Corporation, Integrated Environmental Solutions Limited (IES LTD.), Glodon Company Limited, Shanghai Luban Software Co., Aveva Group Plc, Rib Software Se, Siemens AG, Nemetschek SE, Bentley Systems, Dassault Systemes SA, and Oracle Corporation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook