Building Information Modelling (BIM) Market: Overview and Key Trends

Building Information Modelling (BIM) is a process used by architecture, engineering and construction (AEC) professionals for efficient planning, design, construction and management of buildings and infrastructure. The Building Information Modelling (BIM) market industry is projected to grow from USD 8.41 billion in 2022 to USD 25.61 billion by 2030.

Rising infrastructure projects and adoption of green buildings is driving BIM implementation across the AEC sector worldwide.

Key Segments of the BIM Market

The BIM market is segmented on the basis of solution, deployment type, application, end-user, and region:

• By solution, the market is categorized into software and services. Software like BIM modeling tools dominate the market share.
• Based on deployment type, the market is divided into on-premise and cloud-based solutions. Cloud-based deployment is expected to grow at a higher CAGR.
• On the basis of application, the market is segmented into buildings, civil infrastructure, oil & gas, utilities, and others. Buildings account for the largest share.
• By end-user, the market is bifurcated into architects & engineers, contractors, and developers. Architects and engineers are the leading end-users of BIM currently.
• The regional analysis covers North America, Europe, Asia Pacific, Latin America, and MEA. North America holds the dominant market position.

Key Companies in the BIM Market

Some of the major players in the BIM market are:

• Autodesk Inc.
• Nemetschek Group
• Bentley Systems Inc.
• Trimble Inc.
• Dassault Systemes
• Hexagon AB
• Aveva Group PLC
• Oracle Corporation
• Siemens AG
• PENTA Technologies

These companies invest heavily in R&D, mergers and acquisitions, and strategic partnerships to develop new solutions and strengthen their market position globally.

Browse In-depth Market Research Report (110 Pages, Charts, Tables, Figures) on Building Information Modelling (BIM) Market

Factors Driving Growth of the BIM Market

• Government regulations mandating BIM adoption for public infrastructure projects in developed nations.
• Increased adoption of green building standards demanding BIM workflows.
• Technological advancements in 5D BIM, VR/AR, and cloud-based solutions enhancing BIM capabilities.
• Growing infrastructure projects in developing countries such as India, Qatar, and Indonesia.
• Increased return on investment provided by BIM through clash detections and more accurate quantity takeoffs.
• BIM enables improved collaboration between stakeholders leading to higher productivity.
• BIM digital twin capabilities allow for better facilities management over the asset lifecycle.

While lack of standards and high implementation costs pose challenges, the BIM market is expected to continue its robust growth momentum, enabled by the technology's ability to enhance design quality, improve construction efficiency, and reduce project costs.