Building Information Modeling Software Market Insights and Growth by 2031
Building information modeling (BIM) is a type of software used by real estate companies; construction firms; and architecture, engineering, and construction (AEC) professionals for effective project life cycle management. The key objective of building information modeling software is to enhance project performance and produce better outcomes. BIM helps construction managers to gather data and information from relevant disciplines and communicate more effectively. Enhanced data communication and coordination among various stakeholders coupled with improved construction productivity provides a leading edge to BIM users.
MARKET SCOPE
The "Global Building Information Modeling Software Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the building information modeling software market with detailed market segmentation by component, end user and geography. The report provides key statistics on the market status of the leading building information modeling software market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global building information modeling software market is segmented into software, services
- On the basis of end user, the market is segmented into commercial, residential, infrastructure, industrial, institutional
MARKET DYNAMICS
Drivers:
- Rapid urbanization and increase in infrastructure projects.
- Extensive benefits offered by BIM for AEC industry.
Restraints
- High initial cost of BIM
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The building information modeling software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the building information modeling software market in these regions.
IMPACT OF COVID-19 ON BUILDING INFORMATION MODELING SOFTWARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The building information modeling software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the building information modeling software market in these regions.
IMPACT OF COVID-19 ON BUILDING INFORMATION MODELING SOFTWARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the building information modeling software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from building information modeling software market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the building information modeling software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AECOM
- Autodesk, Inc.
- Beck Technology, Ltd.
- Bentley Systems, Inc.
- Dassault Systemes SA
- HEXAGON
- Nemetschek AG
- Pentagon Solutions Ltd.
- Synchro Software Ltd.
- Trimble Navigation Ltd.
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Building Information Modeling Software Market - By Component
1.3.2 Building Information Modeling Software Market - By End-user
1.3.3 Building Information Modeling Software Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BUILDING INFORMATION MODELING SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. BUILDING INFORMATION MODELING SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BUILDING INFORMATION MODELING SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. BUILDING INFORMATION MODELING SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. BUILDING INFORMATION MODELING SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BUILDING INFORMATION MODELING SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. BUILDING INFORMATION MODELING SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. RESIDENTIAL
8.4.1. Overview
8.4.2. Residential Market Forecast and Analysis
8.5. INFRASTRUCTURE
8.5.1. Overview
8.5.2. Infrastructure Market Forecast and Analysis
8.6. INDUSTRIAL
8.6.1. Overview
8.6.2. Industrial Market Forecast and Analysis
8.7. INSTITUTIONAL
8.7.1. Overview
8.7.2. Institutional Market Forecast and Analysis
9. BUILDING INFORMATION MODELING SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Building Information Modeling Software Market Overview
9.1.2 North America Building Information Modeling Software Market Forecasts and Analysis
9.1.3 North America Building Information Modeling Software Market Forecasts and Analysis - By Component
9.1.4 North America Building Information Modeling Software Market Forecasts and Analysis - By End-user
9.1.5 North America Building Information Modeling Software Market Forecasts and Analysis - By Countries
9.1.5.1 United States Building Information Modeling Software Market
9.1.5.1.1 United States Building Information Modeling Software Market by Component
9.1.5.1.2 United States Building Information Modeling Software Market by End-user
9.1.5.2 Canada Building Information Modeling Software Market
9.1.5.2.1 Canada Building Information Modeling Software Market by Component
9.1.5.2.2 Canada Building Information Modeling Software Market by End-user
9.1.5.3 Mexico Building Information Modeling Software Market
9.1.5.3.1 Mexico Building Information Modeling Software Market by Component
9.1.5.3.2 Mexico Building Information Modeling Software Market by End-user
9.2. EUROPE
9.2.1 Europe Building Information Modeling Software Market Overview
9.2.2 Europe Building Information Modeling Software Market Forecasts and Analysis
9.2.3 Europe Building Information Modeling Software Market Forecasts and Analysis - By Component
9.2.4 Europe Building Information Modeling Software Market Forecasts and Analysis - By End-user
9.2.5 Europe Building Information Modeling Software Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Building Information Modeling Software Market
9.2.5.1.1 Germany Building Information Modeling Software Market by Component
9.2.5.1.2 Germany Building Information Modeling Software Market by End-user
9.2.5.2 France Building Information Modeling Software Market
9.2.5.2.1 France Building Information Modeling Software Market by Component
9.2.5.2.2 France Building Information Modeling Software Market by End-user
9.2.5.3 Italy Building Information Modeling Software Market
9.2.5.3.1 Italy Building Information Modeling Software Market by Component
9.2.5.3.2 Italy Building Information Modeling Software Market by End-user
9.2.5.4 United Kingdom Building Information Modeling Software Market
9.2.5.4.1 United Kingdom Building Information Modeling Software Market by Component
9.2.5.4.2 United Kingdom Building Information Modeling Software Market by End-user
9.2.5.5 Russia Building Information Modeling Software Market
9.2.5.5.1 Russia Building Information Modeling Software Market by Component
9.2.5.5.2 Russia Building Information Modeling Software Market by End-user
9.2.5.6 Rest of Europe Building Information Modeling Software Market
9.2.5.6.1 Rest of Europe Building Information Modeling Software Market by Component
9.2.5.6.2 Rest of Europe Building Information Modeling Software Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Building Information Modeling Software Market Overview
9.3.2 Asia-Pacific Building Information Modeling Software Market Forecasts and Analysis
9.3.3 Asia-Pacific Building Information Modeling Software Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Building Information Modeling Software Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Building Information Modeling Software Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Building Information Modeling Software Market
9.3.5.1.1 Australia Building Information Modeling Software Market by Component
9.3.5.1.2 Australia Building Information Modeling Software Market by End-user
9.3.5.2 China Building Information Modeling Software Market
9.3.5.2.1 China Building Information Modeling Software Market by Component
9.3.5.2.2 China Building Information Modeling Software Market by End-user
9.3.5.3 India Building Information Modeling Software Market
9.3.5.3.1 India Building Information Modeling Software Market by Component
9.3.5.3.2 India Building Information Modeling Software Market by End-user
9.3.5.4 Japan Building Information Modeling Software Market
9.3.5.4.1 Japan Building Information Modeling Software Market by Component
9.3.5.4.2 Japan Building Information Modeling Software Market by End-user
9.3.5.5 South Korea Building Information Modeling Software Market
9.3.5.5.1 South Korea Building Information Modeling Software Market by Component
9.3.5.5.2 South Korea Building Information Modeling Software Market by End-user
9.3.5.6 Rest of Asia-Pacific Building Information Modeling Software Market
9.3.5.6.1 Rest of Asia-Pacific Building Information Modeling Software Market by Component
9.3.5.6.2 Rest of Asia-Pacific Building Information Modeling Software Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Building Information Modeling Software Market Overview
9.4.2 Middle East and Africa Building Information Modeling Software Market Forecasts and Analysis
9.4.3 Middle East and Africa Building Information Modeling Software Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Building Information Modeling Software Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Building Information Modeling Software Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Building Information Modeling Software Market
9.4.5.1.1 South Africa Building Information Modeling Software Market by Component
9.4.5.1.2 South Africa Building Information Modeling Software Market by End-user
9.4.5.2 Saudi Arabia Building Information Modeling Software Market
9.4.5.2.1 Saudi Arabia Building Information Modeling Software Market by Component
9.4.5.2.2 Saudi Arabia Building Information Modeling Software Market by End-user
9.4.5.3 U.A.E Building Information Modeling Software Market
9.4.5.3.1 U.A.E Building Information Modeling Software Market by Component
9.4.5.3.2 U.A.E Building Information Modeling Software Market by End-user
9.4.5.4 Rest of Middle East and Africa Building Information Modeling Software Market
9.4.5.4.1 Rest of Middle East and Africa Building Information Modeling Software Market by Component
9.4.5.4.2 Rest of Middle East and Africa Building Information Modeling Software Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Building Information Modeling Software Market Overview
9.5.2 South and Central America Building Information Modeling Software Market Forecasts and Analysis
9.5.3 South and Central America Building Information Modeling Software Market Forecasts and Analysis - By Component
9.5.4 South and Central America Building Information Modeling Software Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Building Information Modeling Software Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Building Information Modeling Software Market
9.5.5.1.1 Brazil Building Information Modeling Software Market by Component
9.5.5.1.2 Brazil Building Information Modeling Software Market by End-user
9.5.5.2 Argentina Building Information Modeling Software Market
9.5.5.2.1 Argentina Building Information Modeling Software Market by Component
9.5.5.2.2 Argentina Building Information Modeling Software Market by End-user
9.5.5.3 Rest of South and Central America Building Information Modeling Software Market
9.5.5.3.1 Rest of South and Central America Building Information Modeling Software Market by Component
9.5.5.3.2 Rest of South and Central America Building Information Modeling Software Market by End-user
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BUILDING INFORMATION MODELING SOFTWARE MARKET, KEY COMPANY PROFILES
11.1. AECOM
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AUTODESK, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BECK TECHNOLOGY, LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BENTLEY SYSTEMS, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DASSAULT SYSTEMES SA
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HEXAGON
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NEMETSCHEK AG
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PENTAGON SOLUTIONS LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SYNCHRO SOFTWARE LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TRIMBLE NAVIGATION LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AECOM
2. Autodesk, Inc.
3. Beck Technology, Ltd.
4. Bentley Systems, Inc.
5. Dassault Systemes SA
6. HEXAGON
7. Nemetschek AG
8. Pentagon Solutions Ltd.
9. Synchro Software Ltd.
10. Trimble Navigation Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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