Global building information modelling (BIM) market is estimated to be valued at USD 8.84 Bn in 2024 and is expected to reach USD 21.72 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031.

Report Description:

Building information modelling (BIM) is a process involved in the digital documentation of physical and functional characteristics of any constructed facility which includes planning, design, construction and operations activities.. BIM helps stakeholders such as owners, designers and contractors to visualize the end product before actual construction, thereby, reducing risks and enabling better coordination between different stakeholders. With its capability to enhance project efficiency through improved collaboration and reduced rework, the adoption of BIM is growing rapidly across various industry verticals globally.

Market Dynamics:

The global Building Information Modelling (BIM) market is experiencing significant growth driven by a heightened focus on work efficiency, collaboration, and the increasing use of cloud-based BIM software. Stringent government regulations promoting BIM adoption further contribute to market expansion. Despite these drivers, challenges such as high initial costs and a lack of standardization hinder growth. Market players have opportunities to overcome these hurdles by enhancing interoperability and developing cloud-based solutions to tap into untapped regional markets. The COVID-19 pandemic disrupted construction activities but accelerated the adoption of collaborative BIM solutions due to increased digitization and remote work trends. Key players can capitalize on opportunities arising from rapid urbanization in developing regions and the adoption of integrated BIM workflows for facilities and asset management. However, addressing concerns related to data security and privacy is crucial for broader market acceptance. In navigating these dynamics, the BIM market holds promise for innovation and continued growth.

Key features of the study:

• This report provides in-depth analysis of the global building information modelling (BIM) market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global building information modelling (BIM) market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include ACCA software, ArCADiasoft, Asite Ltd., Autodesk Inc., AVEVA Group plc, Beck Technology, Ltd., Bentley Systems, Inc., BIMobject, Bricsys NV, Cadmatic Oy, Cadsoft Corp., Computers and Structures, Inc., Dassault Systèmes, DataCAD LLC, Elecosoft, Graphisoft (Nemetschek Group), Hexagon AB, Intergraph Corporation, Kreo, Nemetschek SE, Procore Technologies, RIB Software SE, Robert Mcneel &Associates, Trimble Solutions Corporation, Vizerra SA are the major players.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global building information modelling (BIM) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global building information modelling (BIM) market.

Detailed Segmentation:

• Offering Insights (Revenue, USD Bn, 2019 - 2031)
  • Software
    • Architectural design
    • MEP
    • Other
  • Services
    • Consultation
    • Support and Maintenance
•  Application
  • Commercial
  • Residential
  • Industrial
•  End Users 
  • Contractors
  • Architects
  • Engineers
  • Developers
  • Others
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Key Players Insights
  • ACCA software
  • ArCADiasoft
  • Asite Ltd.
  • Autodesk Inc.
  • AVEVA Group plc
  • Beck Technology, Ltd.
  • Bentley Systems, Inc.
  • BIMobject
  • Bricsys NV
  • Cadmatic Oy
  • Cadsoft Corp.
  • Computers and Structures, Inc.
  • Dassault Systèmes
  • DataCAD LLC
  • Elecosoft
  • Graphisoft (Nemetschek Group)
  • Hexagon AB
  • Intergraph Corporation
  • Kreo
  • Nemetschek SE
  • Procore Technologies
  • RIB Software SE
  • Robert Mcneel &Associates
  • Trimble Solutions Corporation
  • Vizerra SA