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Global Building Information Modeling Software Market To Grow at at a CAGR of 17.04% Between Forecast Period 2016-2020

Press Release   •   Jan 12, 2017 07:44 EST

Emerging Evolution, innovation, new market studies the current scenario as well as future market potential of "Global Building Information Modeling Software Market 2016-2020"

Factors, such as government mandates and support to use BIM solutions in construction projects, are driving the growth of the global BIM market. Governments in countries such as the US, the UK, and Singapore are promoting the use of BIM in construction as it helps to minimize errors and time taken for the execution of the construction projects. BIM software enables the creation of a vector-based representation of building plans in 3D formats for construction projects of buildings, railways, and roads among others. BIM not only presents a digital representation of physical characteristics but also captures the necessary data during the construction phase.

The global BIM software market to grow at a CAGR of 17.04% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global BIM software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of BIM software worldwide.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Global BIM Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Autodesk
AVEVA
Bentley Systems
Hexagon
NEMETSCHEK
Trimble

Other prominent vendors

4M
CYPE Ingenieros
Dassault Systmes
Newforma
HSS Group
Pinnacle Infotech
Viewpoint Systems

Market driver

Growing government initiatives to support BIM adoption
For a full, detailed list, view our report

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Market challenge

Rise in use of open-source software
For a full, detailed list, view our report

Market trend

Increasing popularity of cloud-based BIM solutions
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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