Market Overview
BIM Software Market Growth for building information modelling was worth USD 5.4 billion in 2020, and it is expected to grow to USD 10.7 billion by 2026. It is anticipated to increase at a CAGR of 12.5% during the projection period. The building information modelling market is developing due to the rising acceptance of remote working due to COVID-19, rapid worldwide urbanisation, wide-ranging advantages of BIM realised by the AEC industry, and increased government programs for BIM adoption. The expanding trend of IoT in the construction industry, the strong trend of BIM, and organisations' rising emphasis on establishing new standards like ISO 19650 in the BIM market provide market participants with potential for expansion.
BIM software can offer builders valuable information about construction projects. These insights are useful for a variety of jobs.
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The main duties are construction, planning, and processing. BIM software facilitates effective collaboration, decision-making, performance, plus project cost estimation. There are numerous advantages to using this software in the construction business.
Market Segmentation:
By Deployment:
- On-premise deployment
- Cloud deployment
By Offering Type:
- Project management
- Software management and support
- Architectural design
- Sustainability
- Constructions
- Facility management
By Project Lifecycle:
- Preconstruction
- Operation
- Post-construction
By Application:
- Utilities
- Civil infrastructure
- Industrial gas
- Building
By End-Users:
- Consultants
- Constructors
- Architects
By Region:
- Asia pacific
- North America
- Europe
Regional Classification:
Asia Pacific, Europe, and North America make up the BIM Software Market Growth. North America is a high-potential area with the highest proportion of the market. In addition, the market for building investments is rising. In this area, new product releases and advancements are anticipated. Another area with strong market growth is the Asia Pacific.
Construction in the area is high as a result of the increased urbanisation. The industry's infrastructural upgrades are also a driving force. BIM software is becoming more popular as a result of government backing. All of these aspects will fuel the Asia Pacific market's rapid rise. Europe is the 3rd largest continent in the world. Growth would be aided by the existence of top BIM Software Market Growth Players. These players have made enormous contributions to the worldwide market.
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Industry News:
With the rapid growth of the world's population, there's been an increase in demand for housing, with different governments worldwide providing incentives to encourage the development of the sector. Companies worldwide are using BIM to improve their efficiency in the residential structural system, making this a promising growth field for the BIM industry.
BIM software is widely used in the building industry. The BIM Software Market Growth is becoming increasingly competitive. New players can join the game. Market expansions, acquisitions, collaborations, and partnerships will result as a result of this. In addition, in the following years, new technologies, as well as developments, are predicted.
In recent years, the advent of computer software has caused a paradigm change in the architecture planning and modelling sector. Digital design resources, computer-controlled manufacturing, computer-controlled connection, and interconnectedness have ushered in a new era of design and construction.
Building information modelling (BIM) has grown in popularity due to its several advantages over previous tools like paper-based design and modelling and computer-aided design (CAD) systems. BIM enables users to generate an exact, precise, geometric virtual model that includes all the building's structures and components.
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