Global Building Information Modelling (BIM) Market Size By Application, By End-user, By Geographic Scope And Forecast

Report Highlights

Building Information Modelling (BIM)Market Size And Forecast

Building Information Modelling (BIM) Market was valued at USD 4.19 Billion in 2018 and is projected to reach USD 9.81 Billion by 2026, growing at a CAGR of 11.2% from 2019 to 2026.

The Building Information Modelling Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Building Information Modelling Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global Building Information Modelling Market Overview

According to the UN, the world's population will increase to 8.1 billion in 2025 and reach ~10 billion by 2050. To address such a huge population, it is imperative for the AEC industry to provide smart solutions to develop infrastructure for the future. As populations and economies grow, the need for housing and infrastructure will fuel the growth of the global construction industry. With a rise in construction, there will be a greater need for efficient ways of working. BIM gives architects, engineers, and construction professionals the ability to plan, design, and manage building projects more efficiently. Thus, 3D model-based approach of BIM in delivering construction projects is gaining traction worldwide. As BIM is gaining popularity, it is creating an international framework that can give an industry a proper direction and a rule-book to work with BIM.

This report provides an all-inclusive environment of the analysis for the Building Information Modelling Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Building Information Modelling Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Building Information Modelling Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Building Information Modelling Market.