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Building Information Modeling (BIM) Market Size, Share, Key Players, Industry Growth and Forecast Analysis 2023-2028

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Building Information Modeling (BIM) Market Size, Share, Key Players, Industry Growth and Forecast Analysis 2023-2028

January 11
18:13 2023
Building Information Modeling (BIM) Market Size, Share, Key Players, Industry Growth and Forecast Analysis 2023-2028
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.

According to IMARC Group’s latest report, titled “Building Information Modeling (BIM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” 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) represents specialized software solutions that give architecture, engineering, and construction (AEC) professionals essential insights for planning, designing, constructing, and managing buildings and infrastructure. They involve several services, such as project cost estimation, operational performance management, effective collaboration among project parties, etc. BIM systems aid in analyzing the qualitative and quantitative aspects of the construction, including time requirement, cost estimation, component procurement, etc., and help in efficiently controlling post-project completion operations, which include maintenance issues and project lifecycle management. Consequently, they are extensively utilized by architects, engineers, contractors, and developers across the globe.

Market Trends and Drivers:

The expanding urbanization and the increasing construction activities across countries, owing to the growing population, are among the key factors driving the building information modeling (BIM) market. In line with this, the inflating investments by government bodies in infrastructural development projects are also positively influencing the market growth. Besides this, the escalating need for effective substitutes of conventional tools, such as computer-aided design (CAD) systems and paper-based design and modeling that will allow the creation of precise and accurate geometric virtual models with all the involved structures ad components, is acting as another significant growth-inducing factor. Moreover, the launch of advanced technologies facilitating data management at remote servers and inter-coordination among users is further catalyzing the market growth. Apart from this, the emerging trend of integrating internet of things (IoT) technology and cloud-based solutions among both medium and large-sized enterprises, that allows improved data management at remote servers is anticipated to propel the building information modeling (BIM) market over the forecasted period.

Request a PDF Sample of the Report: https://www.imarcgroup.com/building-information-modeling-market/requestsample

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


Ask Analyst and Explore Full Report With TOC & List of Figures:
 https://www.imarcgroup.com/request?type=report&id=2377&flag=C

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.

Browse Related Reports:

Smart Building Market Report: https://bit.ly/3vSV1Xh

Appointment Scheduling Software Market Report: https://bit.ly/3X4h9d9

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com

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