Building Information Modeling (BIM) Market Size, Global Industry Trends and Latest Insights to 2023-2028
IMARC Group has recently released a new research study titled “Building Information Modeling (BIM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the global building information modeling market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The 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.
Building information modeling (BIM) is a comprehensive approach to managing and creating information for built assets. It allows architecture, engineering, and construction (AEC) professionals to work collectively and create a virtual representation of a building that integrates multi-disciplinary and structured data. BIM provides a digital replica of assets throughout their lifecycle, from design and planning to construction and operations, using an intelligent model. This approach enables better post-project operations, such as project lifecycle management and maintenance, and helps analyze the qualitative and quantitative aspects of construction, including cost estimation, component procurement, and time requirements.
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Building Information Modeling (BIM) Market Trends:
The rising awareness regarding the advantages of BIM, such as efficiency, productivity, quality, infrastructure value, and sustainability, is one of the key factors driving the market growth. In line with this, the rapidly expanding construction sector and the increasing popularity of the internet of things (IoT) platforms are contributing to the market growth. Additionally, rapid technological advancements that facilitate data management at remote servers and inter-harmonization between users, supported by stringent government regulations regarding the use of BIM, are creating a positive outlook for the market. Other factors, such as the growing global population, the burgeoning number of infrastructure projects, and the rising consumer expenditure power, are positively supporting the market growth.
Competitive Landscape:
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:
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ABB Ltd.
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AECOM
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Autodesk Inc.
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Aveva Group Plc (Schneider Electric)
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Beck Technology Ltd.
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Bentley Systems Incorporated
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Dassault Systèmes SE
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Hexagon AB
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Nemetschek SE
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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:
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Software
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Services
Breakup by Deployment Mode:
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On-premises
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Cloud-based
Breakup by Application:
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Preconstruction
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Construction
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Operations
Breakup by End Use Sector:
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Commercial
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Residential
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Industrial
Breakup by End User:
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Architects and Engineers
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Contractors and Developers
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Others
Breakup by Region:
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North America
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Asia Pacific
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Europe
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Latin America
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Middle East and Africa
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Key Highlights of the Report:
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Market Performance (2017-2022)
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Market Outlook (2023-2028)
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Market Trends
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Market Drivers and Success Factors
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Impact of COVID-19
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Value Chain Analysis
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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.
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.
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