Building Information Modelling Market – Trends Forecast Till 2028

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Building Information Modelling Market Trends
Forecast Till 2028
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Building Information Modelling Market Trends
Forecast Till 2028
The Building Information Modelling Market is
segmented by Solution Type (Software, Service),
Application (Commercial, Residential,
Industrial), End-user (Contractors, Architects,
Facilities Managers), and region (North America,
Europe, Asia-Pacific, Middle East and Africa and
South America). The Building Information
Modelling (BIM) market was estimated to be worth
USD 8.89 billion in 2020 and is projected to
reach a CAGR of 19.62 over the forecast period
of 2021 - 2028. Autodesk Inc., Bentley Systems
Inc., Dassault Systemes SA, Hexagon AB and
trimble inc. are the key player in the
market.
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Market Overview
Building Information Modelling (BIM) is a 3D
model-based process for creating and managing
information on a construction project across the
project lifecycle. The important outputs of this
process are the building Information model, the
digital description of every aspect of the built
asset to manage the building infrastructure in a
better way. With the rapid growth in population,
there has been a rise in the demand for the
residential sector, with various governments
across the globe and this is the major factor
that has supported long-term expansion for
Building Information Modelling Market. The
COVID-19 pandemic has severely impacted the
construction and building industry. The
fragmented and unorganized construction and
infrastructure sector is facing extreme
challenges because of the outbreak. Disturbances
during the lockdown in manpower, material supply,
plants, machinery, and construction projects are
likely to restrict the expected growth of the
industry.
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Market Segmentation
Building Information Modelling Market is
segmented into solution type, application, end
user and region.

• On the basis of Solution Type
• Software
• service
• On the basis of Application
• Residential
• Commercial
• Industrial

• On the basis of End-User  
• Contractors
• Architects
• Facilities manager

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Market Segmentation

• On the basis of Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East Africa

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Competitive Landscape

• Autodesk Inc.
• Bentley Systems Inc.
• Dassault Systemes SA
• Hexagon AB
• Trimble inc.

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Recent Developments

• May 2019 - Autodesk, Inc. by combining the power
  of its BIM and the cloud, has moved from static
  images to completely immersive, intelligent
  virtual reality solution. The solution allows any
  project stakeholder to experience a digital model
  before it is built, helping to ensure vision
  aligns with the design. Potential conflicts or
  required changes can more easily be identified
  before issues arise during construction.
• July 2018 - Autodesk, Inc. announced the
  acquisition of Salem, Massachusetts-based
  Assemble Systems, Inc. Assemble Systems provides
  a SaaS solution that enables construction
  professionals to condition, query and connect BIM
  data to key workflows across bid management,
  estimating, scheduling, site management, and
  finance.

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Contact Information
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