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The Building Information Modeling (BIM) market is seeing big changes that are changing the construction and infrastructure sectors. A big change is more people using 4D and 5D BIM. This means they add schedule planning (4D) and cost predictions (5D) to the digital model. This change makes project management better by giving people who matter a complete look at more than just the physical parts of building construction. They also see when things are supposed to be done and how much money it costs, so they understand everything about these big jobs completely.
The business is seeing a change to complete BIM systems that do more than the old 3D modeling. This makes project planning, timing and money control much better. Sustainable practices and green construction measures are making a major shift in the BIM market. As worries about the environment grow all over the world, BIM is being used more and more to help us build in a green way. BIM lets people see how their designs affect the environment, improving energy use and using resources better. This helps with making things last longer in a sustainable way. This pattern matches the focus on green building work.
It shows how BIM can play a big role in helping architects and engineers design buildings with less impact on nature. The business world is seeing a big increase in the need for open BIM standards. These focus on working together and sharing information between different types of software programs. Simple BIM rules help to move data easily between different tools, allowing people working together on the same project to share information even if they use different software. This shift is moving away from special BIM software towards more shared and welcome ways of doing things.
This creates a teamwork environment where many different people can get involved with or access the data without problems about how to use it together. AR and VR abilities let people see what the building project will be like in a digital world before they start to make it for real. This idea is very important for checking designs, showing things to people who care and making decisions together. It helps make projects better understood and have fewer problems during the building part of it all happens.
The sharing of BIM tools is a big change. It makes advanced computer design abilities reach more people. Easy-to-use screens, cloud solutions and payment plans are making BIM tools cheaper and simpler for small businesses or individual pros to use. This trend is making BIM more popular, helping smaller construction businesses use digital tools to do their projects better.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Rapid Technological Advancements Increase In Demand For Green Buildings |
| Market Dynamics | Growing Number Of Government Mandates And Policies For The Adoption Of BIM Rapid Urbanization Fueling The Implementation Of The BIM Growing Digitalization In The Construction Industry |
Building Information Modelling Market Highlights:
Building Information Modelling Market Overview
The Building Information Modelling Market size is projected to grow from USD 10.1 billion in 2024 to USD 29.6 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.3% during the forecast period (2024 - 2032). Additionally, the market size for Building Information Modelling (BIM) was valued at USD 9.3 billion in 2023.
The growing number of government mandates and policies for the adoption of rapid urbanization and growing digitalization in the construction industry are some of the key drivers of the BIM market growth.
Figure 1: Building Information Modelling Market Share, 2022-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Covid-19 Analysis
Governments across the globe had imposed lockdowns to control the effects of the coronavirus. These have triggered a shortage of raw material and workforce, which had affected the ongoing construction projects by the contractors. It has also resulted in the disruption of the supply chain, which had resulted in distractions for contractors for performing contractual obligations. Additionally, in the construction and engineering sector, some of the machinery and material import and export witnessed disruptions. Contractors across the globe stated that they had witnessed project delays due to COVID-19. Apart from government-mandated closures of project sites, the other reasons include postponements in shipments of materials and equipment, tasks of searching for new workers, owners withdrawing or rescheduling their projects, and trouble in getting the necessary authorizations and inspections as government offices have reduced their availability, thereby impacting BIM market.
Building Information Modelling Market Trends
Growing Digitalization In The Construction Industry
Digitalization in the construction industry is driven by various factors, including capturing information in a model, use of technologies, single source of truth, digital collaboration, future-proof designs, and construction. Each of these factors is provided by BIM software, which results in its higher adoption. For instance, if a building is designed in BIM software, and its information is captured in the BIM model, then this data can be shared between all the stakeholders using the cloud. The building is first built digitally to avoid failures in the actual building process. Digital construction addresses the challenge of low productivity in the sector. This enables the integration of processes throughout the entire lifecycle by utilizing BIM systems. Hence, the growing digitalization in the construction industry enhances the adoption of BIM software and thus drives the market growth.
Building Information Modelling Market Segment Insights
Building Information Modelling Component Insights
Based on component, the BIM market has been segmented into BIM software and BIM services. BIM software holds the largest market share in the market. A BIM software is a 3D design and modeling software that helps the user to optimize the work of designing for construction, civil, architecture, plant, and MEP projects. The BIM software is further segmented into construction management, designing software, cost estimation & scheduling, operation and maintenance, and others. BIM services is further segmented into professional services and managed services. This is a method of approaching documentation and design for a wide range of projects.
June 2021: The Nemetschek Group collaborated with Allplan and SDS; the alliance focuses on creating strong and customer-focused products related to BIM software.
October 2019: Beck Technology Ltd partnered with Procore Technologies, Inc., a provider of construction management software, to ensure a streamlined workflow. This partnership enhances the productivity of the builders.
FIGURE 2: BUILDING INFORMATION MODELLING MARKET SHARE BY COMPONENT 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Building Information Modelling Project Lifecycle Insights
Based on project lifecycle, the BIM market has been segmented into pre-construction, construction, and operation. Pre-construction segment is expected to hold a largest market share in the market. However, operation segment is expected to grow at a highest CAGR. The pre-construction segment is further segmented into conceptual stage, design stage, and pre-construction stage (Bidding & Selection of GC).
Building Information Modelling Deployment Insights
Based on deployment model, the BIM market has been segmented into on-premise and on-cloud. On-premise holds a largest market share in the market and is expected to grow at a highest CAGR.
Building Information Modelling End User Insights
Based on end user, the BIM market has been segmented into government, architect, engineering, contractors, facility managers, maintenance technicians, academic, and owners. Architect segment is expected to hold a largest market share. The use of BIM for architects helps to improve quality and boost the design processes. The design processes include modeling workflows, concept design, multidiscipline coordination, and construction documentation. The BIM software and services enable the architects to deliver interesting possibilities for future design.
Building Information Modelling Regional Insights
The BIM market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The BIM market is dominated by North America. Mandatory regulations imposed by the governments in the region to use BIM software for construction projects, especially projects related to public infrastructure, primarily boosted the market in North America. The presence of key players such as Autodesk, Trimble, Bentley systems and high focus on building advanced infrastructure facilities in the region are also expected to drive the BIM market in the coming years.
Europe accounts for the second-largest market share in the BIM market due to the growing construction sector and high demand for these software solutions by contractors, architects, and building owners in the region. The growing urbanization, including smart cities and green building concepts, is expected to fuel the market growth further. Moreover, most of the governments in the European countries have mandated the use of BIM for public projects, fueling the adoption of BIM software tools.
Asia-Pacific is expected to be a lucrative market in the BIM market due to a high focus on digitalization, increasing investments by government and real-estate sectors in the development of advanced infrastructure for residential, industrial, as well as commercial sectors, and increasing adoption of cloud platforms in the region. Also, the increasing adoption rate of technologies such as artificial intelligence, IoT, cloud computing, augmented reality, and virtual reality is expected to positively impact the BIM market in the coming years.
FIGURE 3: BUILDING INFORMATION MODELLING MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Building Information Modelling (BIM) Key Market Players & Competitive Insights
The market for BIM Market has witnessed significant growth over the forecast period. There are several domestic, regional, and players operating in the Building Information Modelling market who continuously strive to gain a significant share of the overall market. During the study, MRFR has analyzed some of the major players in the Building Information Modelling market who have contributed to the market growth. These include Autodesk Inc., Hexagon AB, Trimble Inc., Dassault Systèmes, Nemetschek SE, Bentley Systems, Aveva, RIB Software, Archidata, Asite, Procore Technologies, Arcadiasoft, ACCA Software, Beck Technology.
Key Companies in the Building Information Modelling market include
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Nemetschek SE
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Bentley Systems
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Dassault Systemes SA
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Aveva Group PLC
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Rib Software SE
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Archidata Inc.
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Asite.
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Procore Technologies, Inc.
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Arcadiasoft
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Acca Software
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Beck Technology Ltd
Building Information Modelling Industry Developments
March 2024: Autodesk said that among new users who joined ACC, Hochul and recalls missing times that they could have integrated those set features, including Specifications, Work Planning capabilities and MPT. These features, which are built into the ACC database, including MPT, allow teams to access critical project data, critical for decision-making. With the new Model Viewer, however, this process is made easier through improved interactivity, allowing users to focus on construction rather than searching for needed documentation.
In January 2024, ALLPLAN unveiled that users of Allplan Subscription will have an increased capability for floating 2D and 3D interconnections. In the context of new projects aimed at foreign markets, Allplan Cloud is promoted to allow users to combine and further expand the functionality of desktop and cloud versions of Allplan applications. Allplan Cloud consists of a fully functional cloud-based Bimitive Interoperability Hub with the newest feature, Bimplus Overlay functionality.
July 2024 - Autodesk and Esri have expanded their partnership to ensure higher levels of data interoperability between GIS and BIM applications, with ArcGIS Pro now allowing a direct read from the BIM and CAD models created with Autodesk’s applications. At the heart of the collaboration is the desire to make GIS-BIM workflows less of a hassle, which can change how geospatial and design information is used collaboratively by architects, engineers, and construction professionals in the AEC domain.
June 2024 - The Swedish technology powerhouse Hexagon has added Voyansi, a company based in Cordoba and recognized for a building information modeling (BIM) focus, to its BIM solutions portfolio. Such acquisition not only strengthens Hexagon’s competitive edge in the world’s BIM industry but also acknowledges the existence of skills within the technology space in Argentina, particularly the province of Cordoba, where for the last 15 years Voyansi has been providing design, architectural and engineering services for the construction markets globally.
April 2024 - Trimble Solution Korea and Hyundai Engineering have entered into a contract with the intention of developing a process management program for Building Information Modeling, which they believe will assist in improving construction site productivity through the use of sophisticated 3D modeling technology. This partnership underscores a trend that is becoming more widespread in the construction sector: the use of BIM with a view to achieving effective management of steel structure, precast concrete and the target timeframe and costs that are more efficient than traditional construction approaches.
Building Information Modelling (BIM) Market Segmentation
Building Information Modelling (BIM) Component Outlook
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BIM Software
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Designing Software
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Cost Estimating & Scheduling
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Construction Management
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Operation and Maintenance
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Others
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BIM Services
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Professional Services
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Managed Services
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Building Information Modelling (BIM) Project Lifecycle Outlook
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Pre-construction
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Conceptual Stage
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Design Stage
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Pre-Construction Stage
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Construction
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Operation
Building Information Modelling (BIM) Deployment Model Outlook
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On-premise
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On-cloud
Building Information Modelling (BIM) End User Outlook
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Government
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Architect
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Engineering
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Contractors
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Facility Managers
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Maintenance Technicians
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Academic
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Others
Building Information Modelling (BIM) Regional Outlook
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North America
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US
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Canada
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Mexico
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Europe
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Germany
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France
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UK
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Rest of Asia-Pacific
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Middle East & Africa
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South America
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