New York, According to a new market research report published by Global Insight Services “Building Information Modeling Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Building Information Modeling (BIM) is a process that uses computer-aided design (CAD) software to create a digital representation of a physical structure. The model can be used to plan, construct, and manage the building throughout its lifecycle.
BIM technology can be used to create a variety of different types of models, including three-dimensional (3D) models, four-dimensional (4D) models (which include time-based information), and five-dimensional (5D) models (which include cost information). BIM models can be used for a variety of purposes, including construction planning, coordination, and execution; facility management; and post-occupancy evaluations.
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Key Players
- Autodesk
- Nemetschek
- Bentley Systems
- Trimble
- Dassault
- RIB Software
- ASITE
- AVEVA
Key Trends and Drivers
The use of BIM has increased in the construction industry due to its various benefits, such as improved coordination and communication among project stakeholders, reduced rework, and shorter project duration. The increased adoption of BIM by small and medium-sized enterprises (SMEs) is one of the key trends that is driving the growth of the BIM market.
The construction industry in Asia-Pacific is expected to grow at the highest rate during the forecast period. The growth of the Asia-Pacific BIM market is driven by the increasing construction activities in the region and the growing awareness of the benefits of BIM among construction professionals.
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Market Segments
By Deployment Type
- On Premises Deployment
- Cloud Deployment
By Offering Type
- Software
- Services
By Project Lifecycle
- Preconstruction
- Construction
- Operation
By Application
- Buildings
- Industrial
- Civil Infrastructure
- Oil & Gas
- Utilities
- Others
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