Building Information Modeling (BIM) Market

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MarketsandMarkets Research Private Ltd.
Presents
Building Information Modeling (BIM) Market worth
7.64 billion by 2022
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uilding-information-modeling-market-95037387.html
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According to the new market research report
"Building Information Modeling (BIM) Market by
Type (Software, Services), Project life cycle
(Pre-construction, Construction, Operation),
Application (Buildings, Civil Infrastructure, Oil
Gas, Industrial, Utilities), Geography - Global
Forecast to 2022", The building information
modeling market is expected to grow from USD 3.16
billion in 2016 to USD 7.64 billion by 2022, at a
CAGR of 16.51 during the forecast period.
Browse gtgt 62 market data
tables 75 figures
154 pages and in-depth TOC on Building
Information Modeling (BIM) Market
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l Early buyers will receive 10
customization on this report.
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Building information modeling (BIM) refers to the
process that involves digital designing,
documentation, and representation of building and
infrastructure plans. BIM can be implemented with
the help of various software and services
available, which are adopted at different stages
of a project life cycle, such as
pre-construction, construction, and
operation. The objectives of the report includes
forecast of the BIM market size in terms of value
for BIM software and services, Project life cycle
(Pre-construction, Construction, Operation),
Application (Buildings, Civil Infrastructure, Oil
Gas, Industrial, Utilities), and
Geography. The market for BIM services to grow
at the highest CAGR during 20172022 The market
for BIM services is expected to grow at the
highest CAGR during the forecast period. BIM
services comprise architectural, structural, and
MEP modeling these services also include the
provision of cloud to BIM services and
infrastructure modeling to architects, engineers,
general contractors, and developers. These
services help in estimating costs as well as the
requirement of materials and their quantity.
Services are provided according to the project
types and requirements for commercial,
residential, healthcare and other buildings. The
BIM market for industrial applications to grow at
the highest rate during forecast period. Among
all the major applications of BIM market,
industrial applications is expected to grow with
the highest CAGR during forecast period.
Industrial buildings may specifically focus on
process systems and equipment.
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The equipment and systems that shape industrial
buildings can be incorporated with BIM. BIM
precisely eliminates any chance of
miscommunication between the owner and the
builder, as the entire design model can be viewed
clearly. The market growth can be attributed to
the rapid industrialization and the rising
awareness about the advantages of adopting BIM
for industrial facilities in the developing
countries such as China and India in APAC. North
America to hold a major share of the BIM market
in 2016 North America is expected to dominate
the BIM market during the forecast period. In
North America, the BIM market is well
established, and the constructors and contractors
in the region are well aware of the benefits of
this process. BIM is widely used for
institutional and government projects in the U.S.
In Canada, a BIM standard for building smart
Canada has been developed for architecture,
engineering, and construction owners and
operations (AECOO) community to improve its
performance and contribute more effectively to
the societal, environmental, and economic
development of Canada, which is boosting the use
of BIM in the region, to benefit from its
implementation. Autodesk Inc. (U.S.), Nemetschek
SE (Germany), Trimble Navigation Limited (U.S.),
Bentley System, Inc. (U.S.), Asite Ltd. (U.K.),
AVEVA (U.S.), RIB Software AG (Germany), Dassault
Systèmes (France), Archidata Inc. (Canada),
Intergraph Corporation (U.S.), Beck Technology,
Ltd. (U.S.), Computers and Structures, Inc.
(U.S.), Robert McNeel Associates (U.S.), and
Cadsoft (U.S.) are some of the major companies
dominating the BIM market.
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