Building Information Modeling (BIM) Market Size, Share and Demand Report 2023-2028
The latest report published by IMARC Group, titled “Building Information Modeling (BIM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Market Overview:
The global building information modeling (BIM) market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.9 Billion by 2028, exhibiting a growth rate (CAGR) of 15.9% during 2023-2028.
Building Information Modeling (BIM) is a collaborative process that leverages digital technologies to create and manage information about a building or infrastructure throughout its lifecycle. The key characteristic of BIM is its ability to create a three-dimensional virtual representation of a structure, encompassing geometry, spatial relationships, and various essential attributes. This allows different stakeholders, such as architects, engineers, contractors, and owners, to work on a shared platform, fostering efficiency and coordination. Features of BIM include real-time collaboration, clash detection, energy performance analysis, and cost estimation.
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Building Information Modeling Market Trends:
The escalating global emphasis on efficient and sustainable construction practices is a critical force propelling the advancement of the Building Information Modeling (BIM) market. BIM, recognized for its pivotal role in enhancing architectural design, streamlining construction processes, and bolstering lifecycle management, is vitalizing the market's dynamism. Innovations in 3D visualization, integration with various design tools, and alignment with green building concepts have cultivated a multifaceted BIM landscape, characterized by precision, collaboration, and synchronization with modern architectural trends, thereby expanding market reach.
The demand for accurate, collaborative, and adaptable design solutions, responsive to different construction complexities and regulatory requirements, is invigorating the market's momentum. Adherence to industry standards, commitment to environmental sustainability, and meticulous quality control practices reinforce the market's reputation. Cooperative initiatives between architects, engineers, contractors, and technology providers in creating and implementing comprehensive BIM solutions engender a cooperative and innovative atmosphere for the BIM market.
Competitive Landscape With Key Players:
The competitive landscape of the building information modeling market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB Ltd.
- AECOM
- Autodesk Inc.
- Aveva Group Plc (Schneider Electric)
- Beck Technology Ltd.
- Bentley Systems Incorporated
- Dassault Systèmes SE
- Hexagon AB
- Nemetschek SE
- Trimble Inc.
Key Market Segmentation:
The report has segmented the global building information modeling market based on offering type, deployment mode, application, end use sector, end user and region.
Breakup by Offering Type:
- Software
- Services
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Application:
- Preconstruction
- Construction
- Operations
Breakup by End Use Sector:
- Commercial
- Residential
- Industrial
Breakup by End User:
- Architects and Engineers
- Contractors and Developers
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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