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Building Information Modeling Market Size, Share Global Analysis Report, 2021 – 2026
Building Information Modeling Market: By Component (Software & Services), By Project Phase (Pre-Construction, Construction, & Post Construction), By Application (Commercial, Residential, Industrial, & Others), By End-User (Architect & Engineers, Facility & Construction Managers, & Builder & Constructors), And By Regions ¬ Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026
Industry Insights
[110+ Pages Report] According to the report published by Facts Factors, the global building information modeling market size was worth around USD 5,200 million in 2019 and is predicted to grow to around USD 15,700 million by 2026 with a compound annual growth rate (CAGR) of roughly 18% between 2020 and 2026. The report analyzes the global building information modeling market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the building information modeling market.
The latest finding surrounding the “Global Building Information Modeling Market” published by Facts & Factors offers a neatly packaged and comprehensive read. In the current study, the building information modeling market is anticipated to reach a projected value of USD 11.4 Billion by 2026 growing at a CAGR of 10.5% from an initial value of USD 6.3 Billion in the year 2020.
Building information modeling or BIM is the holistic process of creating and managing information that goes towards building a structural asset. These software solutions are built towards creating an intelligent and smart outlook towards the former and are often accompanied by a cloud platform which represents the data in a multi-disciplinary representation of an asset from the planning and design state to the construction and operations stage.
Key Insights from Primary Research
- As per our primary respondents, the Global Building Information Modeling Market is set to grow annually at a rate of around 20%
- It was established through primary research that the Global Building Information Modeling Market was valued at around USD 5,100 million in 2019
- The “Software” category, on the basis of solution segmentation, was the leading revenue-generating category accounting for around 75% share, in 2019
- On the basis of end-user segmentation, the “Architects” category held the leading share at more than 35%, in 2019
- On the basis of vertical segmentation, the “Infrastructure” category held the leading share at more than 40%, in 2019
- Based on the region, Europe is expected to dominate in the target market
Key Recommendations from Analysts
- As per our analysts, Global Building Information Modeling Market is growing at high CAGR and various end-use industries are aware of this potential market and applications of cryo-electron microscopy.
- Growing at a CAGR around 18 %, Global Building Information Modeling Market provides numerous opportunities for all of the involved stakeholders across the entire value chain.
- Our analysts have identified software, architects, infrastructure are dominating segments for Global Building Information Modeling Market in terms of solution, end-user, and vertical segmentation respectively.
The global building information modeling market is expected to occupy a larger market share than its previous iteration during the advent of the forecast owing to rising adoption of remote working solutions due to the ongoing pandemic coupled with rising urbanization measures to name a few. Additionally, increasing benefits of BIM by the AEC sector coupled with increasing government initiatives by various government bodies towards adopting the latter technology is expected to increase the footprint of the global building information modeling market during the advent of the forecast period. Moreover, a rising trend of increased adoption of IoT in the construction sector coupled with introduction of new standards such as ISO 19650 will increase the consumer base for the global building information modeling market during the advent of the forecast period.
The global building information modeling market is driven by the key market participants offering advanced building and designing solutions coupled with rising demands from the commercial sector to name a few. Additionally, factors pertaining to rising demand for energy effective solutions coupled with decreasing wastage measures will fuel the growth of the global building information modeling market during the advent of the forecast period. However, higher initial cost of BIM coupled with lack of a skilled workforce will hamper the growth of the global building information modeling market during the advent of the forecast period.
The global building information modeling market is divided into software & services on the basis of component. The segment pertaining to software is expected to witness the largest market share during the advent of the forecast period owing to rising demand of digital tools for the AEC sector coupled with rising flexibility combined with more operational use to name a few. Based on project phase, the global building information modeling market is classified into pre-construction, construction, and post construction. The segment pertaining to pre-construction phase is expected to witness the largest market share during the advent of the forecast period owing to increased benefits such as a clear operational scope, building cost and estimation, and added options in terms of designing and planning workflow to name a few. The global building information modeling market is fragmented into commercial, residential, industrial, and others on the basis of application.
The segment pertaining to commercial is expected to occupy the largest market share during the advent of the forecast period owing to rising cost of construction larger commercial buildings coupled with increased integration of software tools within the latter sector to name a few. On the basis of end-user, the global building information modeling market is categorized into architect & engineers, facility & construction managers, and builder & constructors. The architect & engineer segment is expected to witness the largest market share during the advent of the forecast period owing to the latter being of immense usage for designers and builders for exploring various insights coupled with rising opportunities for software based tools for large projects to name a few.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 5,200 Million |
Projected Market Size in 2026 |
USD 15,700 Million |
CAGR Growth Rate |
18% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Autodesk, Inc., Dassault Systems SA, Bentley Systems, Inc., Nemetschek AG, Beck Technology Ltd., AVEVA Group plc., Hexagon AB, Pentagon Solution Ltd., Trimble Ltd, Synchro Software Ltd., Pinnacle Infotech, Planon Group, LOD Planned, Inc., ACCA Software S.p.A., and Robert McNeel & Associates to name a few. |
Key Segment |
By Solution, End-user, Vertical, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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North America is expected to witness the largest market share during the advent of the forecast period owing to an early adoption of advanced digital tools coupled with increasing number of government mandates for implementing BIM based tools to name a few. Additionally, increased spending on building structures coupled with rising compulsive nature for implementing BIM based tools will boost the growth of the building information modeling market in the region during the forecast period.
Asia-Pacific is expected to witness a substantial market share during the forecast period owing to a rapid urbanization overview coupled with rising number of planned infrastructure projects to name a few. Moreover, the region is home to India which is earmarked for the highest adoption of BIM based tools in the region which will further increase the market share for the building information modeling market in the region.
Some of the leading players in the global market include
- Autodesk Inc.
- Dassault Systems SA
- Bentley Systems Inc.
- Nemetschek AG
- Beck Technology Ltd.
- AVEVA Group plc.
- Hexagon AB
- Pentagon Solution Ltd.
- Trimble Ltd
- Synchro Software Ltd.
- Pinnacle Infotech
- Planon Group
- LOD Planned Inc.
- ACCA Software S.p.A.
- Robert McNeel & Associates
By Component Segment Analysis
- Software
- Services
By Project Phase Segment Analysis
- Pre-Construction
- Construction
- Post Construction
By Application Segment Analysis
- Commercial
- Residential
- Industrial
- Others
By End-User Segment Analysis
- Architect & Engineers
- Facility & Construction Managers
- Builder & Constructors
By Regional Segment Analysis
- North America
- U.S.
- Canada
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Table of Content
Industry Major Market Players
- Autodesk Inc.
- Dassault Systems SA
- Bentley Systems Inc.
- Nemetschek AG
- Beck Technology Ltd.
- AVEVA Group plc.
- Hexagon AB
- Pentagon Solution Ltd.
- Trimble Ltd
- Synchro Software Ltd.
- Pinnacle Infotech
- Planon Group
- LOD Planned Inc.
- ACCA Software S.p.A.
- Robert McNeel & Associates
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