Press release
Building Information Modeling (BIM) Market Size, Trends and Industry Statistics 2023-2028
The latest report published by IMARC Group, titled "Building Information Modeling (BIM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
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.
Download a free sample report to get a detailed overview of the market:
https://www.imarcgroup.com/building-information-modeling-market/requestsample
Building Information Modeling (BIM) Market Trends:
The escalating global emphasis on efficient and sustainable construction practices is a critical force propelling the advancement of the Building Information Modeling (BIM) market. BIM, recognized for its pivotal role in enhancing architectural design, streamlining construction processes, and bolstering lifecycle management, is vitalizing the market's dynamism. Innovations in 3D visualization, integration with various design tools, and alignment with green building concepts have cultivated a multifaceted BIM landscape, characterized by precision, collaboration, and synchronization with modern architectural trends, thereby expanding market reach. The demand for accurate, collaborative, and adaptable design solutions, responsive to different construction complexities and regulatory requirements, is invigorating the market's momentum. Adherence to industry standards, commitment to environmental sustainability, and meticulous quality control practices reinforce the market's reputation. Cooperative initiatives between architects, engineers, contractors, and technology providers in creating and implementing comprehensive BIM solutions engender a cooperative and innovative atmosphere for the BIM market.
Strategic alliances with software giants and persistent research into digital construction methodologies enhance the market's stature. Efforts by leading architectural firms, engineering organizations, and governmental bodies to promote education, standardization, and responsible application are shaping market policies and architectural choices. Alignment with global urbanization goals, deliberate investment in technology integration, and collaboration with emerging technologies like artificial intelligence are instrumental in connecting with the complex construction landscape. Additional factors such as synergies with construction regulatory bodies, devotion to user functionality, the creation of next-generation BIM solutions tailored to unique building challenges, alignment with infrastructure development initiatives, and a focus on cost-efficiency are enriching market dynamics, positioning Building Information Modeling as a critical and innovative element of modern construction practices. These collective endeavors and advancements resonate with a worldwide focus on design excellence, construction efficiency, and environmental responsibility, signifying the considerable influence of BIM in shaping the future of architecture, infrastructure development, and urban planning around the world.
Building Information Modeling (BIM) Market Competitive Analysis and Segmentation:
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 for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2377&flag=C
Industry Definition and Application:
Building Information Modeling (BIM) is a collaborative process that leverages digital technologies to create and manage information about a building or infrastructure throughout its lifecycle. The key characteristic of BIM is its ability to create a three-dimensional virtual representation of a structure, encompassing geometry, spatial relationships, and various essential attributes. This allows different stakeholders, such as architects, engineers, contractors, and owners, to work on a shared platform, fostering efficiency and coordination. Features of BIM include real-time collaboration, clash detection, energy performance analysis, and cost estimation.
BIM models contain intelligent data that can be automatically updated, reflecting changes in design or construction processes, thus reducing errors and discrepancies. Its adaptability to various project stages, from conceptual design to facility management, makes BIM a powerful tool in the construction industry. Integration with other technologies like virtual reality further enhances visualization and decision-making. By offering a clear view of the entire project, capturing and utilizing information effectively, and enabling better communication among parties involved, Building Information Modeling has become an indispensable asset in modern construction, contributing to streamlined operations, minimized waste, and improved sustainability.
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.
Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
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.
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.
Download a free sample report to get a detailed overview of the market:
https://www.imarcgroup.com/building-information-modeling-market/requestsample
Building Information Modeling (BIM) Market Trends:
The escalating global emphasis on efficient and sustainable construction practices is a critical force propelling the advancement of the Building Information Modeling (BIM) market. BIM, recognized for its pivotal role in enhancing architectural design, streamlining construction processes, and bolstering lifecycle management, is vitalizing the market's dynamism. Innovations in 3D visualization, integration with various design tools, and alignment with green building concepts have cultivated a multifaceted BIM landscape, characterized by precision, collaboration, and synchronization with modern architectural trends, thereby expanding market reach. The demand for accurate, collaborative, and adaptable design solutions, responsive to different construction complexities and regulatory requirements, is invigorating the market's momentum. Adherence to industry standards, commitment to environmental sustainability, and meticulous quality control practices reinforce the market's reputation. Cooperative initiatives between architects, engineers, contractors, and technology providers in creating and implementing comprehensive BIM solutions engender a cooperative and innovative atmosphere for the BIM market.
Strategic alliances with software giants and persistent research into digital construction methodologies enhance the market's stature. Efforts by leading architectural firms, engineering organizations, and governmental bodies to promote education, standardization, and responsible application are shaping market policies and architectural choices. Alignment with global urbanization goals, deliberate investment in technology integration, and collaboration with emerging technologies like artificial intelligence are instrumental in connecting with the complex construction landscape. Additional factors such as synergies with construction regulatory bodies, devotion to user functionality, the creation of next-generation BIM solutions tailored to unique building challenges, alignment with infrastructure development initiatives, and a focus on cost-efficiency are enriching market dynamics, positioning Building Information Modeling as a critical and innovative element of modern construction practices. These collective endeavors and advancements resonate with a worldwide focus on design excellence, construction efficiency, and environmental responsibility, signifying the considerable influence of BIM in shaping the future of architecture, infrastructure development, and urban planning around the world.
Building Information Modeling (BIM) Market Competitive Analysis and Segmentation:
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 for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2377&flag=C
Industry Definition and Application:
Building Information Modeling (BIM) is a collaborative process that leverages digital technologies to create and manage information about a building or infrastructure throughout its lifecycle. The key characteristic of BIM is its ability to create a three-dimensional virtual representation of a structure, encompassing geometry, spatial relationships, and various essential attributes. This allows different stakeholders, such as architects, engineers, contractors, and owners, to work on a shared platform, fostering efficiency and coordination. Features of BIM include real-time collaboration, clash detection, energy performance analysis, and cost estimation.
BIM models contain intelligent data that can be automatically updated, reflecting changes in design or construction processes, thus reducing errors and discrepancies. Its adaptability to various project stages, from conceptual design to facility management, makes BIM a powerful tool in the construction industry. Integration with other technologies like virtual reality further enhances visualization and decision-making. By offering a clear view of the entire project, capturing and utilizing information effectively, and enabling better communication among parties involved, Building Information Modeling has become an indispensable asset in modern construction, contributing to streamlined operations, minimized waste, and improved sustainability.
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.
Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
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.
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