UAE Building Information Modeling Software Market research report by Markntel Advisors is an accurate, unbiased, and reliable comprehension and study of data obtained from trustworthy and factual sources to equip the stakeholder with a well-researched and detail-driven report regarding the fluctuations in the industry.
The report aims to provide detailed information about the nooks and crannies of the industry and scrutinize all the industry’s features, factors, and elements that promise fluctuations to the market growth, including possible restraints points and more.
The Key Points Covered in The Report:
The report is compiled systematically and methodically, with each section neatly covering its essence and influence in the market. Likewise, the report provides a credible selection of market dynamics consisting of the following major pillars of the industry’s study.
- Market Drivers
- Market Restraints
- Growth Opportunities
- Challenges
A separate section to provide the impact of COVID-19 on the market to better grasp the fluctuation during and after the pandemic.
Elaborated information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, technological advancement, the further scope for improvement, applications, and more.
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Dynamics of Market -
Market Geographical Dividation – The research report geographically covers: -
· Al Dubai
· Abu Dhabi
· Sharjah
· Others (Fujairah, Ajman and Umm-AL Quwain)
Market Driver: Increasing Government Mandates for Building Information Modeling (BIM) Adoption
Various initiatives by the UAE government toward promoting the adoption of BIM technology have served as an added push to its increased demand in the country. The market witnessed modest growth during 2017-19 due to the rise in government mandates for BIM usage across Dubai, coupled with the rapidly expanding construction industry across the country. In 2015, Dubai Municipality issued Circular No. 207 that mandated using BIM solutions in Dubai's architectural & mechanical work for buildings above 20 floors & with areas larger than Dubai Municipality.
Abu Dhabi Municipality announced the adoption of BIM technology for all the construction projects to explore innovative solutions for improving costs, timelines, & overall efficiency. Later in June 2019, the Dubai Road & Transport Authority (RTA) transformed its asset management processes into a BIM-enabled system. Hence, all these events indicate that the utilization of BIM solutions in the country shall continue surging significantly in the coming years.
Market Growth Restraints: High Initial Costs Associated with BIM Solutions
There are many benefits & cost savings associated with BIM solutions. However, the initial expenditure, which includes education & training about BIM software, management & start-up costs, and transition & behavioral prices, is very high. BIM implementation requires specific software & data storage that costs a significant amount to a company. For instance, the cost of Autodesk’s Revit software ranges between USD3500 & USD4500, which is a barrier to small firms. Hence, the high initial capital associated with BIM solutions might act as a significant growth challenge to the market in the coming years.
Analysis of Market Leading Companies
This report section covers the area in combination with an exhaustive compilation of the key players and market participants in the market, fuelling, stimulating, and regulating the industry. In addition, the report covers the business strategies, plans, initiatives, profit/loss study, mergers & acquisitions, product launches, modifications, and more to equip the stakeholder with calculative tools towards yielding higher profits. Thus, for the UAE Building Information Modeling Software market, the top market participants include: -
· Autodesk Inc.
· Nametschek Group
· Bentley Systems Incorporated
· Trimble Inc.
· Dassault Systems
· RIB Group
· Asite
· Aveva Group plc
· Hexagon
· Archidata Inc.
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Segmental Division of the Market
The market is highly divaricated and bifurcates into various segments. These bifurcations are represented in the report grouped on the basis of a common element, and thus further investigation is performed. Furthermore, the report provides data on each high-performer segment in each group of features and information about the reasons behind the part acquiring a higher share or flourishing more in the industry. Thus, a deep analysis of various market elements is presented by categorizing the segments. As a result, the market is spread in the following:
By Deployment Mode
o On Premises
o Cloud-Based
By Project Lifecycle
o Pre-Construction Design
o Construction
o Operation
o Renovation & Retrofitting
By Industry
o Residential
o Commercial
o Public Infrastructure
o Healthcare
o Sports & Entertainment
o Industrial
o Oil & Gas
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The analysts provide customization offers, so the stakeholder can customize and personalize the report to their needs and wants. The analysts focus on the required elements and sculpt the study according to the wishes of the stakeholders. Additionally, the research report focuses on the systematic organization of data, with each section divided into chapters and further classifications to present an easy, time-saving, and smoothly navigable study. The elements surrounding and shaping the UAE Building Information Modeling Software industry, including the industry’s profit-loss cycle, major and minor acquisitions and external factors, current trends, and more, are included in the study report.
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