Building Information Modeling Market Size, Share, Trends, Industry Analysis, Report 2024-2032

IMARC Group, a leading market research company, has recently released a report titled “Building Information Modeling (BIM) Market Report by Offering Type (Software, Services), Deployment Mode (On-premises, Cloud-based), Application (Preconstruction, Construction, Operations), End Use Sector (Commercial, Residential, Industrial), End User (Architects and Engineers, Contractors and Developers, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global building information modeling market trends, share, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global building information modeling market size reached US$ 8.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 28.4 Billion by 2032, exhibiting a growth rate (CAGR) of 13.7% during 2024-2032.

Global Building Information Modeling (BIM) Market Trends:

The increasing integration of artificial intelligence (AI) and machine learning (ML) into BIM platforms to enhance predictive analytics, automate routine tasks, and improve decision-making processes is fostering the market growth. Besides this, the growing adoption of blockchain technology to ensure data security and transparency in BIM projects is anticipated to drive the market growth.

Additionally, the rising focus on modular and prefabricated construction methods, boosting the use of BIM as these methods rely on precise planning and coordination, is favoring the market growth.

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Factors Affecting the Growth of the Building Information Modeling (BIM) Industry:

• Rapid Technological Advancements and Integration:

The continuous evolution in software capabilities, such as enhanced three-dimensional (3D) visualization, simulation, and advanced data management, that revolutionize the way architects, engineers, and construction professionals collaborate, are bolstering the market growth.

Moreover, the development of modern BIM software that offers comprehensive tools that integrate with various systems, such as geographic information systems (GIS), Internet of Things (IoT) devices, and cloud computing platforms, is fueling the market growth. It allows for real-time data sharing and improved project coordination. Additionally, rapid advancements in augmented reality (AR) and virtual reality (VR) technologies that provide immersive experiences for stakeholders, thereby aiding in better design visualization and decision-making processes, are enhancing the market growth.

• Imposition of Government Mandates and Regulations:

The imposition of government mandates and regulations is driving the market growth. Moreover, the growing recognition among governments of the benefits of BIM in improving construction efficiency and sustainability is fueling the market growth. In line with this, the establishment of BIM requirements for all public sector construction projects to standardize practices, enhance transparency, and reduce public expenditure is anticipated to drive the market growth. The enforcement of such mandates accelerates the adoption of BIM technology among contractors and builders, compelling them to upgrade their processes to comply with regulatory standards.

Additionally, the rising focus on innovation and development as companies seek to meet the new compliance requirements is stimulating the market growth.

• Increasing Demand for Sustainable Construction:

The rising demand for sustainable construction owing to the rising need to reduce environmental impact and enhance energy efficiency is positively influencing the market growth. BIM technology supports sustainable construction practices by enabling detailed planning and analysis of building performance throughout the lifecycle of a project. It facilitates the integration of energy-efficient designs, renewable energy systems, and sustainable materials into building projects. BIM’s ability to simulate various scenarios and assess their environmental impact helps in making informed decisions that align with sustainability goals.

Furthermore, it aids in minimizing waste by optimizing material usage and improving construction methods.

Building Information Modeling (BIM) Market Report Segmentation:

By Offering Type:

• Software
• Services

Software represented the largest segment due to the extensive range of functionalities it provides, enabling enhanced design, analysis, and project management.

By Deployment Mode:

• On-premises
• Cloud-based

On-premises accounted for the largest market share as it offers greater control over data security and customization options for large enterprises.

By Application:

• Preconstruction
• Construction
• Operations

Preconstruction represented the largest segment as it involves critical planning and design stages where BIM’s visualization and simulation capabilities are most beneficial.

By End Use Sector:

• Commercial
• Residential
• Industrial

Commercial constituted the largest segment, driven by the high demand for efficient and sustainable building practices in large-scale commercial construction projects.

By End User:

• Architects and Engineers
• Contractors and Developers
• Others

Architects and engineers accounted for the largest market share as they are the primary professionals utilizing BIM tools for designing and engineering building projects.

Regional Insights:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

North America’s dominance in the building information modeling (BIM) market is attributed to early adoption, supportive regulatory frameworks, and significant investment in advanced construction technologies.

Competitive Landscape with Key Players:

The competitive landscape of the building information modeling market size 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.

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Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis

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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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.

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