BIM Market has been estimated to garner a revenue of $3.6 billion in 2016 and is projected to reach $18.8 billion by 2024, growing at a CAGR of 22.9% from 2016 to 2024.In 2016, BIM Software segment generated the highest revenue share of $ 2.7 billion growing at a CAGR of 23.4%.
Building information modeling BIM refers to a digital representation of a facility which displays its physical and functional characteristics. BIM helps in virtually understanding the physical structure that has to be constructed thereby assisting in planning, designing, and construction. The process is primarily used by business entities involved in construction and independent engineers, and architects.
This software finds major application for digital prototyping analysis and simulation, which leads to significant reduction in project life cycle duration. Governments in various countries have mandated the implementation of BIM solution during the construction and operations phase of a project. Moreover, the demand for green buildings is increasing owing to rising energy scarcity. These factors would help in market growth during the forecast period. However, the issues such as high cost of BIM software and long training periods hampering the productivity would limit the market growth to some extent.
Key players profiled in the report include Autodesk, Inc., Trimble Navigation Ltd, Nemetschek AG, Synchro Software Ltd., Bently Systems Inc., Dassault Systemes, Asite Solutions Ltd, Pentagon Solutions Ltd., AECOM.,Beck Technology, Ltd.
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Table Of Content
Building Modeling Software BIM Market Segmentation
The market is segmented on the basis of Solution, Deployment Model, End User, Application Area and Geography.
Market by Solution
Market by Deployment Model
Market by End User
Market by Application Area
Market by Geography
• North America
• Latin America, Middle East and Africa LAMEA
Key Market Players
• Autodesk, Inc.
• Dassault Systemes SA
• Trimble Navigation Ltd.
• Synchro Software Ltd.
• Pentagon Solutions Ltd.
• Bentley Systems, Inc.
• Nemetschek AG
• Asite Solutions Limited
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