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Building Information Modeling Market Share, Industry Size, Segment Outlook, Company Profiles, Business Trends, Development Status, Economic Overview, Upcoming Opportunities by 2022-2032

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Building Information Modeling Market Share, Industry Size, Segment Outlook, Company Profiles, Business Trends, Development Status, Economic Overview, Upcoming Opportunities by 2022-2032

May 11
19:15 2023
Building Information Modeling Market Share, Industry Size, Segment Outlook, Company Profiles, Business Trends, Development Status, Economic Overview, Upcoming Opportunities by 2022-2032
Building Information Modeling Market size was USD 5.7 billion in 2021 and is projected to grow from USD 7.4 billion in 2023 to USD 23.8 billion by 2032, exhibiting a CAGR of 13.9% during the forecast period.

It enables to combine and create a perfect virtual model of a building and interchange the data between different projects. It aids in analysing each of the quantitative and qualitative aspects related to the construction. The increasing population and urbanization are expected to boost the construction activities globally which is creating demand for the infrastructural projects and is positively influencing the growth of Building Information Modeling Market. The increasing adoption of Building Information Modeling owing to its advantages over tools like CAD systems and paper-based design and modeling is expected to boost the growth of the market.

Building Information Modeling (BIM) is a representation in digital form related to the functional and physical characteristics of a building. Building Information Modeling software promotes architects, engineers, and other construction professionals to design, direct and share the required information about a building project entirely through its lifecycle from organization and sketch to building and operation. Building Information Modeling market includes a wide range of services, software products, and technologies.

Building Information Modeling Market: Key Players

  • Autodesk Inc.
  • Dassault Systèmes SA
  • Trimble Ltd.
  • Nemetschek AG
  • Beck Technology Ltd.
  • Hexagon AB
  • Pentagon Solution Ltd.
  • AVEVA Group Plc.
  • LOD Planner Inc.
  • Pinnacle Infotech
  • Revit Modeling India
  • Planon Group
  • ACCA software S.p.A.
  • Vectorworks, Inc.

 

Get a Free Sample Report including All Related Charts & Graphs with COVID 19 Impact Study: https://www.fatposglobal.com/sample-request/building-information-modeling-market-317

 

Our Free Sample includes the following Key Points:

  • Market overview, product or service overview, and thorough industry analysis
  • Revised Regional Analysis with Proper Graphical Representation of Market Share, Market Size, and Market Trends
  • Section-by-Section Instructions on Request 2022
  • 150+ Pages The Research Report Contains The COVID-19 Pandemic Impact Analysis Figures and Tables have been updated, and the report now includes a list of the top market players, as well as other notable market players, with accurate information on their company strategies, revenue, and sales volumes.
  • Fatpos Global’s Methodology for Research

 

Building Information Modeling Market: Segmentation

Service segment is expected to grow with high CAGR during the forecast period

Building Information Modeling Market is classified based on the Component into Solution, Service. Service segment is expected to dominate the market in the forecast period. This segment is expected to grow faster as the owners of construction projects, managers and design team members acquire the Building Information Modeling services more often to achieve the details of the project which may aid in upgrading the quality of construction by reducing the maintenance cost. The growing demand for services like virtualization, documentation support etc. may boost the growth of the segment.

 

On-Premise segment is expected to grow with high CAGR during the forecast period

Building Information Modeling Market is classified based on the Deployment Mode into On-Premise, Cloud-Based. The On-Premise segment dominated the market in 2021 and is also expected to continue its dominance over the forecast period owing to the rising concerns over the protection of data related to construction projects. Major companies provide on-premise software in various sectors.

 

MARKET DYNAMICS:  

Growth Drivers

  • Advancements in Technology is Expected to Boost the Growth of the Market
  • Increasing Demand for Sustainable Building is Expected to Boost the Growth of the Market

Restraint

  • High Implementation Cost May Restrain the Growth of the Market

 

Market Players profiled in the report:

https://www.fatposglobal.com/reports/building-information-modeling-market-317

 

Building Information Modeling Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

 

Building Information Modeling Market Segments:-

By Component

  • Solution
  • Service

By Application

  • Planning & Modelling
  • Construction & Design
  • Asset Management
  • Building System Analysis & Maintenance Scheduling

By Deployment Mode

  • On-Premise
  • Cloud-Based

By Project Lifecycle

  • Preconstruction
  • Construction
  • Operations

By Building Type

  • Commercial
  • Residential
  • Industrial

 

Purchase a Copy of the Report directly at:

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Related Reports:-

https://www.fatposglobal.com/reports/steel-rebar-market-1075

https://www.fatposglobal.com/reports/flexible-packaging-market-1099

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