The global Building Information Modeling (BIM) market size was evaluated at USD 14.72 billion in 2021, according to a report published by Zion Market Research. It is predicted to reach USD 52.5 billion by 2030, increasing at a compound annual growth rate (CAGR) of 13.9% from 2022 to 2030.
The process known as Building Information Modeling, or BIM, involves the construction and maintenance of digital representations of buildings and infrastructure. BIM enables construction professionals such as architects, engineers, and construction workers to design, construct, and operate buildings and infrastructure in a more efficient manner, with more accuracy and fewer errors. The business of developing software and providing services that are necessary for the BIM process is referred to as the BIM market.
Some of the Top Market Players Are:
- Trimble Navigation Ltd.
- Bentley Systems Inc.
- Autodesk Inc.
- Nemetschek AG.
- Beck End-user Ltd.
- Dassault Systemes SA
- Pentagon Solutions Ltd.
- Asite Solutions Limited.
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The expansion of the Building Information Modeling (BIM) market is being driven by a number of different factors, such as the expanding use of BIM in the construction industry, the requirement for increased project efficiency and productivity, and the benefits of BIM in terms of lowering construction costs and improving project outcomes. Other considerations include the growing demand for environmentally friendly buildings and sustainable construction processes, as well as steps taken by the government to encourage the implementation of BIM within the construction industry.
The Building Information Modeling (BIM) market is highly competitive due to the large number of software and service providers that offer a diverse set of options. Dassault Systemes, Autodesk Inc., Bentley Systems, Nemetschek SE, and Trimble Inc. are among the major competitors in this market. Other competitors include Nemetschek SE. These businesses put a significant amount of money into research & development in order to produce new items and enhance their existing offerings. This helps the businesses stay one step ahead of their rivals.
Alterations in building technology and general industry tendencies are also a factor that affects the BIM market. For instance, one factor that is driving innovation in the industry is the growing popularity of building information modelling (BIM) solutions that are hosted in the cloud, as well as the integration of BIM with other construction technologies, such as drones, 3D printing, and artificial intelligence.
In general, the building information modelling (BIM) market is a dynamic industry that is expanding at a quick rate. This industry is revolutionising the building and construction sector by enhancing project outcomes and cutting down on construction expenses.
See Also – https://www.globenewswire.com/news-release/2019/07/12/1882000/0/en/Report-Building-Information-Modeling-BIM-Market-Size-Estimated-to-Reach-USD-10-36-Billion-by-2022.html
By Product –
- Software & Services
By Application –
- And Others
Regional Analysis of Market Report:
- North America ( United States)
- Europe ( Germany, France, UK)
- Asia-Pacific ( China, Japan, India)
- Latin America ( Brazil)
- The Middle East & Africa
In the regional analysis section, the report provides a regional analysis, including a detailed analysis of macroeconomic factors at the regional level. Regional drivers, restraints, and trends are provided to ensure a holistic picture of the regional market.
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. ZMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Reasons to invest in this report:
This exhaustive research covers all the important information pertaining to Building Information Modeling (BIM) Market that a reader wants to know. Zion Market Research employs a combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open-access data sources including product literature, company annual reports, government publications, press releases, industry association magazines, and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect the first data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Food Antioxidants industry. Primary research makes up the major source of data collection and validation.
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The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts’ opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Building Information Modeling (BIM) Market across the world has been calculated through primary and secondary research.
For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Building Information Modeling (BIM) Market. Primary research makes up the major source of data collection and validation.
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