Market Definition
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.
Market Outlook
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.
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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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives.
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Market Segmentation:
Building Information Modeling Market is segmented into Application, project lifecycle, offering type, deployment type and region. Based on application the market is Buildings, Industrial, Civil Infrastructure, Oil & Gas, Utilities and Others. On the basis of project lifecycle, it is further segmented into Preconstruction, Construction and Operation. Based on offering type it is segmented into Software and Services. Based on deployment type it is segmented into On Premises Deployment and Cloud Deployment. Whereas based on region it is divided into North America,Europe,Asia-Pacific and Rest of the World .
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Key Players
The Building Information Modeling Market Report includes players such as – Autodesk, Inc. (U.S), Trimble Inc. (U.S), Nemetschek Group (Germany), Graphisoft SE (Hungary), Asite Solutions Limited (U.K), Archidata Inc. (Canada), RIB Software SE (Germany), AECOM (U.S), Beck Technology Ltd. (U.S) and Newforma, LLC (U.S), among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Market Size in 2021 – US$ 4.4 Billion
- Market Size in 2031 – US$ 8.7 Billion
- CAGR % – 7.1%
- Historic Period – 2015-2022
- Forecast Period – 2024-2033
- Base Year – 2023
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