Building Information Modeling Market 2018 Analysis by Growth, Overview, Competitive Strategies and Forecast to 2026

Posted February 7, 2019 by NickJorden7

According to Verified Market Intelligence, The Global Building Information Modeling (BIM) market was valued at USD 3.55 Billion in 2017 and is projected to reach USD 11.94 Billion by 2025, growing at a CAGR of 16.4% from 2018 to 2025.

Building information modeling is advanced technology that is used to design engineering by combining the 3D modeling with traditional computer-aided design (CAD). It involves the process of preparing the 3D visualization model of the architectural design of a building. It enables the engineers and other construction professionals to make precise calculations about a wide range of variables that enhance the efficiency of the construction process. Building information modeling provides the insight and tools to the professionals in order to efficiently design, plan, construct, and manage buildings and infrastructure. Expanding industrialization and urbanization has contributed to the growth of Building Information Modeling (BIM) market.
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Improved data communication and coordination among different stakeholders, improved construction productivity and mandatory initiatives taken by the government for the usage of BIM in several developed countries have been driving the global building information modeling (BIM) market. On the other hand, the high cost of BIM software and lack of trained professionals might hinder the overall growth at a global level.
The “Global Building Information Modeling (BIM) Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Dassault Systemes SA, Pentagon Solutions Ltd., Synchro Software Ltd., Bentley Systems Inc., Autodesk Inc., Beck Technology Ltd., Nemetschek AG, AECOM, Tekla Corporation, and GRAITEC. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• The competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Issued By VMR
Country United States
Categories Automotive , Construction , Industry
Tags building information modeling market , building information modeling market growth , building information modeling market trends
Last Updated February 7, 2019