Building Information Modeling Market
Building Information Modeling - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Building Information Modeling Market is accounted for $3.86 billion in 2019 and is expected to reach $13.11 billion by 2027 growing at a CAGR of 16.5% during the forecast period. Strong government supports by making BIM adoption mandatory, rapid urbanization and increase in infrastructure projects are the major factors driving the market growth. However, high initial cost of BIM is restraining the market growth. Moreover, growing use of AR/VR technologies and surging adoption of BIM to design green buildings would provide ample opportunities for the market growth.
Building Information Modeling (BIM) is being viewed as a revolutionary technology for the construction sector not only because of its vast ranging functional capabilities but also due to the low risk and high control of operations provisioned by it.
Based on application, the buildings segment is likely to have a huge demand because of the increasing number of buildings or construction projects, along with business centers, shopping centers, and retail shops. BIM is widely used in building applications to reduce the cost overrun and time overrun, which may help in reducing the delays in the project. By geography, North America is going to have a lucrative growth during the forecast period due to the wide adoption of BIM by architects, engineers, and consultants. The US is expected to lead the North American BIM market as it homes various tier 1 companies and is at the forefront in the adoption of advanced digital systems in the infrastructure domain.
Some of the key players profiled in the Building Information Modeling Market include Archidata Inc, Asite Solutions, Autodesk Inc, Aveva Group Plc, Beck Technology Ltd, Bentley Systems, Cadsoft Corporation, Dassault Systèmes, Hexagon AB, Nemetschek SE, Pentagon Solution Ltd, RIB Software SE, Synchro Software Ltd, Tekla Corporation and Trimble Ltd.
Offering Types Covered:
• Training Services
• Consultancy Service
• Software
• Solution
Project Life Cycles Covered:
• Construction
• Operations
• Preconstruction
Deployment Models Covered:
• Cloud
• On-Premise
Products Covered:
• 3D BIM Management of Design Models
• 4D BIM Management of Schedule
• 5D BIM Management of Costs
Applications Covered:
• Buildings/ Houses and Apartments
• Civil Infrastructure
• Commercial
• Educational Institutes
• Energy Generation Facilities
• Factories and Warehouses
• Healthcare
• Industrial
• Oil & Gas
• Sports and Entertainment
• Utilities
• Water and Waste Water
End Users Covered:
• Architecture, Engineering and Construction (AEC) Professionals
• Builders & Contractors
• Consultants and Facility Managers
• Developers
• Government
• Owner
Sales Channels Covered:
• Distribution Channel
• Direct Channel
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Building Information Modeling Market, By Offering Type
5.1 Introduction
5.2 Training Services
5.3 Consultancy Service
5.4 Software
5.4.1 Architectural Design
5.4.2 Sustainability
5.4.3 Structure
5.4.4 Mechanical, Electrical, and Plumbing (MEP)
5.4.5 Construction
5.4.6 Facility Management
5.5 Solution
5.5.1 Software Support and Maintenance
5.5.2 Project Management and Support
6 Global Building Information Modeling Market, By Project Life Cycle
6.1 Introduction
6.2 Construction
6.3 Operations
6.4 Preconstruction
7 Global Building Information Modeling Market, By Deployment Model
7.1 Introduction
7.2 Cloud
7.3 On-Premise
8 Global Building Information Modeling Market, By Product
8.1 Introduction
8.2 3D BIM Management of Design Models
8.3 4D BIM Management of Schedule
8.4 5D BIM Management of Costs
9 Global Building Information Modeling Market, By Application
9.1 Introduction
9.2 Buildings/ Houses and Apartments
9.3 Civil Infrastructure
9.4 Commercial
9.5 Educational Institutes
9.6 Energy Generation Facilities
9.7 Factories and Warehouses
9.8 Healthcare
9.9 Industrial
9.10 Oil & Gas
9.11 Sports and Entertainment
9.12 Utilities
9.13 Water and Waste Water
10 Global Building Information Modeling Market, By End User
10.1 Introduction
10.2 Architecture, Engineering and Construction (AEC) Professionals
10.3 Builders & Contractors
10.4 Consultants and Facility Managers
10.5 Developers
10.6 Government
10.7 Owner
11 Global Building Information Modeling Market, By Sales Channel
11.1 Introduction
11.2 Distribution Channel
11.3 Direct Channel
12 Global Building Information Modeling Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Archidata Inc
14.2 Asite Solutions
14.3 Autodesk Inc
14.4 Aveva Group Plc
14.5 Beck Technology Ltd
14.6 Bentley Systems
14.7 Cadsoft Corporation
14.8 Dassault Systèmes
14.9 Hexagon AB
14.10 Nemetschek SE
14.11 Pentagon Solution Ltd
14.12 RIB Software SE
14.13 Synchro Software Ltd
14.14 Tekla Corporation
14.15 Trimble Ltd
List of Tables
1 Global Building Information Modeling Market Outlook, By Region (2018-2027) ($MN)
2 Global Building Information Modeling Market Outlook, By Offering Type (2018-2027) ($MN)
3 Global Building Information Modeling Market Outlook, By Training Services (2018-2027) ($MN)
4 Global Building Information Modeling Market Outlook, By Consultancy Service (2018-2027) ($MN)
5 Global Building Information Modeling Market Outlook, By Software (2018-2027) ($MN)
6 Global Building Information Modeling Market Outlook, By Architectural Design (2018-2027) ($MN)
7 Global Building Information Modeling Market Outlook, By Sustainability (2018-2027) ($MN)
8 Global Building Information Modeling Market Outlook, By Structure (2018-2027) ($MN)
9 Global Building Information Modeling Market Outlook, By Mechanical, Electrical, and Plumbing (MEP) (2018-2027) ($MN)
10 Global Building Information Modeling Market Outlook, By Construction (2018-2027) ($MN)
11 Global Building Information Modeling Market Outlook, By Facility Management (2018-2027) ($MN)
12 Global Building Information Modeling Market Outlook, By Solution (2018-2027) ($MN)
13 Global Building Information Modeling Market Outlook, By Software Support and Maintenance (2018-2027) ($MN)
14 Global Building Information Modeling Market Outlook, By Project Management and Support (2018-2027) ($MN)
15 Global Building Information Modeling Market Outlook, By Project Life Cycle (2018-2027) ($MN)
16 Global Building Information Modeling Market Outlook, By Construction (2018-2027) ($MN)
17 Global Building Information Modeling Market Outlook, By Operations (2018-2027) ($MN)
18 Global Building Information Modeling Market Outlook, By Preconstruction (2018-2027) ($MN)
19 Global Building Information Modeling Market Outlook, By Deployment Model (2018-2027) ($MN)
20 Global Building Information Modeling Market Outlook, By Cloud (2018-2027) ($MN)
21 Global Building Information Modeling Market Outlook, By On-Premise (2018-2027) ($MN)
22 Global Building Information Modeling Market Outlook, By Product (2018-2027) ($MN)
23 Global Building Information Modeling Market Outlook, By 3D BIM Management of Design Models (2018-2027) ($MN)
24 Global Building Information Modeling Market Outlook, By 4D BIM Management of Schedule (2018-2027) ($MN)
25 Global Building Information Modeling Market Outlook, By 5D BIM Management of Costs (2018-2027) ($MN)
26 Global Building Information Modeling Market Outlook, By Application (2018-2027) ($MN)
27 Global Building Information Modeling Market Outlook, By Buildings/ Houses and Apartments (2018-2027) ($MN)
28 Global Building Information Modeling Market Outlook, By Civil Infrastructure (2018-2027) ($MN)
29 Global Building Information Modeling Market Outlook, By Commercial (2018-2027) ($MN)
30 Global Building Information Modeling Market Outlook, By Educational Institutes (2018-2027) ($MN)
31 Global Building Information Modeling Market Outlook, By Energy Generation Facilities (2018-2027) ($MN)
32 Global Building Information Modeling Market Outlook, By Factories and Warehouses (2018-2027) ($MN)
33 Global Building Information Modeling Market Outlook, By Healthcare (2018-2027) ($MN)
34 Global Building Information Modeling Market Outlook, By Industrial (2018-2027) ($MN)
35 Global Building Information Modeling Market Outlook, By Oil & Gas (2018-2027) ($MN)
36 Global Building Information Modeling Market Outlook, By Sports and Entertainment (2018-2027) ($MN)
37 Global Building Information Modeling Market Outlook, By Utilities (2018-2027) ($MN)
38 Global Building Information Modeling Market Outlook, By Water and Waste Water (2018-2027) ($MN)
39 Global Building Information Modeling Market Outlook, By End User (2018-2027) ($MN)
40 Global Building Information Modeling Market Outlook, By Architecture, Engineering and Construction (AEC) Professionals (2018-2027) ($MN)
41 Global Building Information Modeling Market Outlook, By Builders & Contractors (2018-2027) ($MN)
42 Global Building Information Modeling Market Outlook, By Consultants and Facility Managers (2018-2027) ($MN)
43 Global Building Information Modeling Market Outlook, By Developers (2018-2027) ($MN)
44 Global Building Information Modeling Market Outlook, By Government (2018-2027) ($MN)
45 Global Building Information Modeling Market Outlook, By Owner (2018-2027) ($MN)
46 Global Building Information Modeling Market Outlook, By Sales Channel (2018-2027) ($MN)
47 Global Building Information Modeling Market Outlook, By Distribution Channel (2018-2027) ($MN)
48 Global Building Information Modeling Market Outlook, By Direct Channel (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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