Building Information Modelling Market

Building Information Modelling Market Prognosticated For A
Ravishing Growth By 2026
Building Information Modelling Market study provides key insights about
market drivers, restraints, opportunities, new product launches or
approval, regional outlook, and competitive strategies adopted by the
leading players.
Building Information Modelling (BIM) is an intelligent and model-based process that provides
insights for creating and managing construction projects at a fast pace, economically, and in a
highly sustainable. All the data are collected during the design, construction, management, and
maintenance phases are incorporated into digital models that can be used by all construction
partners. BIM helps in building a virtual project at the initial state of construction and it is known
as virtual construction.
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Increasing demand for improving productivity and competitiveness in the architecture,
engineering, and construction industries is a key factor driving adoption of building
information modeling
Building Information Modelling (BIM) technology helps in increasing productivity by minimizing
costs and time. Moreover, due to various advanced features such as minimizing the duration of
project management, reduce rework, and improve quality have increased demand for BIM in
construction industry.

Also, increasing government support for the implementation of BIM in various projects have
further driven market growth. For instance, the U.K. government projects that BIM would help
in 20–30 percent reduction in the lifecycle cost of its public-sector assets built after 2016.
Resistance to Change is the major hindering factor in the growth of the market
Complexity in operation and lack of trained professionals to operate the software with the
required proficiency, and the possibility of mishandling that may lead to loss of time and cost
are among the other substantial factors that will continue to hinder the industry growth
prospects. Furthermore, lack of BIM standards and low consumer awareness are also negatively
impacting growth of the market.
Global Building Information Modelling (BIM) Market: Taxonomy
On the basis of offering, the global building information modeling market is segmented into:
Software
Service
On the basis of the project type, the global building information modeling market is segmented
into:
Pre-Construction
Construction
Other
On the basis of vertical, the global building information modeling market is segmented into:
Commercial
Residential
Infrastructure
Institutional
Industrial
Others
Global building information modeling - Regional Insight

On the basis of geography, the global business information modeling market is segmented into
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The US held a
dominant position in the market and is projected to retain its dominance throughout the
forecast period. Supportive government initiatives in the country creates a highly conducive
environment for growth of the BIM market in the region. For instance, United States General
Services Administration (GSA) formulated the National BIM Program in 2003. According to this
program certain policies are mandated for the BIM adoption in all Public Buildings Service
projects.
Europe is expected to be the second largest market during the forecast period. The increasing
construction industry become one of the major driver for the growth of the market in this
region. For instance, the number of new buildings construction had been increased by 7.5
percent to US$ 87.4 billion (Euro 70.9 billion) 2016 as compared to previous year.
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Key Companies in global building information modelling Market
Major players operating in the global building information modelling market include Autodesk
Inc., Nementschek SE, Trimble Navigation Ltd., Bentley System, Inc., Asite Ltd, AVEA,RIB
Software AG, Dassault Systems, Archidata, Inc., Intergraph Corporation, Beck Technology Ltd.,
Computer & Structure, Inc., Robert Mcheel & Associates, and Cadsoft

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