Building Information Modelling Market Scope
Building information modeling (BIM) refers to a parameter based 3D model which can be used to generate design and plan out the entire lifecycle of a construction project. Numerous aspects associated with a construction project including architecture, planning, schedule and cost estimation, among others can be completely covered under a single 3D model with the use of BIM software. Thereby, a model created using a BIM software essentially works as a shared resource for information between various stakeholders in the construction activities. The BIM software has been widely adopted in order to avoid general issues during construction activities and reduce resource wastage. Numerous issues such as miscommunication, lack of coordination and delayed turnover between parties can be effectively addresses with the introduction of BIM software.
According to AMA, the Global Building Information Modelling market is expected to see growth rate of 15.91%Building information modelling market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Building Information Modelling market throughout the predicted period.
Autodesk Inc. (United States), Nemetschek SE (Germany), Trimble Navigation Limited (United States), Bentley System, Inc. (United States), Asite Ltd. (United Kingdom), AVEVA (United States), RIB Software AG (Germany), Dassault Systèmes (France), Archidata Inc. (Canada) and Intergraph Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Beck Technology Ltd. (United States), Computers and Structures, Inc. (United States), Robert McNeel & Associates (United States) and Cadsoft (United States).
Segmentation Overview
The study have segmented the market of Global Building Information Modelling market by Type (Software and Services), by Application (Architecture, Sustainability, Structures, Mechanical, Electrical and Plumbing (Mep), Construction and Facility Management) and Region with country level break-up.
On the basis of geography, the market of Building Information Modelling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Government Mandates for the Usage of BIM in Developed Countries
Market Growth Drivers:
Optimized Project Performance and Increased Productivity and Enhanced Communication and Coordination Throughout the Asset Lifecycle Management Process
Challenges:
Lack of information and awareness about BIM
Restraints:
High Costs of BIM Software Required for the Execution of Processes and Long Training Periods Decreasing the Productivity of Companies
Opportunities:
Growing Demand for Green Buildings and Need for Integrated Process for Designing, Collaboration, and Coordination in the AEC Industry
Market Leaders and their Expansionary Development Strategies
In May 2023, - Autodesk, Inc. introduced first set of capabilities of Autodesk Forma. Autodesk Forma have Contextual modelling, which simplifies the process to start a new building information modeling (BIM) project. This launch helped company to expand its presence in building information modelling market
"The US General Services Administration (GSA) formulated the National 3D-4D-BIM Program way back in 2003. This program established policy mandating BIM adoption for all Public Buildings Service projects. GSA also actively partners with BIM vendors, federal agencies, professional associations, open standard organizations, and academic/research institutions to develop a community of BIM leaders within GSA."
In April of 2016, the UK’s construction strategy declared that it would reach 20% savings on procurement costs, which accelerated BIM adoption across the entire country. Any government projects in the UK must have BIM level 2 as part of their process.
Key Target Audience
Building Information Modelling Providers, Service Providers, Government Bodies, Private Organization, End User and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.