Market Highlights

The global BIM Software Market Size is projected to enroll a XX% CAGR during the estimate time frame, 2020-2026. In this report, Market Research Future (MRFR) incorporates the division and elements of the market to offer a superior look at the BIM software market in the following not many years.

BIM is one of the best mechanical advancements in the development industry. Nonetheless, because of the presence of different obstructions, for example, cost and innovative constraints, the execution is slacking in a few nations because of which solid government support is expected for the fruitful arrangement and improvement of BIM software. Digitalization in the development industry is driven by different elements, remembering the catching of data for a model, utilization of innovations, single wellspring of truth, advanced coordinated effort, future-verification plans, and development

Green structures are climate well disposed and dispense with and lessen the adverse consequence on the climate by utilizing least normal and energy assets. It is likewise conservative, saves utility expenses, and brings down development costs. Because of these reasons, there is an expanding interest for green structures. As per MRFR examination, 40% of green structure development organizations use BIM for around 60% of their activities, as carrying out this software can assist with accomplishing green objectives.

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Segmentation:

The global BIM software market is segmented on the basis of software model, applications, and end-user.

Based on software model, the BIM software market has been segmented into 3D, 4D, 5D, and others. The 3D segment accounted for the largest market share in 2019, with the largest market value. The 4D segment was the second-largest market in 2019, and it is expected to register the highest CAGR of 15.95% during the forecast period. A 3D model is used only for the concept work, whereas a 3D collaboration model allows sharing project work among the stakeholders and project coordinators. The 3D model is used for product or asset design or modeling. The 4D BIM software integrates start and end date data for the supply and incorporation of construction components and reveals the importance of data in all projects. The 5D BIM model integrates cost management in addition to the features provided by the 3D and 4D models. Others include 6D, 7D, 8D, 9D, and 10D, which are still at a development stage.



Based on application, the BIM software market has been segmented into buildings, public infrastructure, industrial, and others. The buildings segment accounted for the largest market share, with a market value of 1597.50 million in 2019. The public infrastructure segment was the second-largest market in 2019, valued at USD 1008.58 million; it is projected to register the highest CAGR of 16.5%. BIM software has witnessed high adoption across the construction industry for the construction of commercial and residential buildings. The commercial sector covers retail and corporate buildings, which are expected to gain traction over the assessment period. Public infrastructure projects are expected to have a significant demand during the forecast period. Governments of various countries around the globe have recognized the value of BMI software owing to the process efficiency it offers. Industrial applications also use BIM software due to their cost-effective and convenient construction management processes. Others include entertainment and sports application

Based on end-user, the BIM software market has been segmented into architects, engineers, contractors, and others. The architects segment accounted for the largest market share, with a market value of USD 1425.48 million. The contractor segment was the second-largest market in 2019; it is projected to register the highest CAGR of 16.26%. BIM software helps architects and engineers complete their tasks within stringent timelines. The software enables architects to layout 3D elements conveniently, which is a time-consuming task if traditional modeling tools are used. BIM helps contractors easily review the quantity variances to validate the subcontractor change orders and verify the cost submittals without taxing internal resources, increasing the efficiency of change order management. Others include government users. Adoption of BIM by most government departments and agencies in recent years has witnessed growth in the last few years, which has gained a considerable pace as compared to the private sector. BIM allows the engineers to develop a virtual layout with comprehensive information in such a format which creates a model structure and forecasts the entire timeline of the project

Competitive Analysis

The key players of the global BIM software market include Trimble Inc. (US), Autodesk Inc. (US), PKPM (Beijing Jianli Technology Co., Ltd) (China), Integrated Environmental Solutions Limited (IES LTD.) (UK), Glodon Company Limited (China), Shanghai Luban Software Co., Ltd (China), Beijing Hongye Tongxing Technology Co., Ltd (China), Innovaya, LLC. ( China), Beck Technology Ltd (US), Cadsoft Corporation (Canada), Aveva Group Plc (UK), Rib Software Se (Germany), Siemens AG (Germany), Nemetschek SE (Germany), Bentley Systems (US), Dassault Systemes SA (France), and Oracle Corporation (US).

Regional Analysis

The global BIM software market is divided into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America accounted for the largest share of the BIM software market in 2019 and is likely to remain dominant by 2026. Europe was the second-largest region in 2019, and Asia-Pacific is likely to exhibit the highest CAGR of 17.36% by 2026. Mandatory regulations imposed by the governments in the region for the use of BIM software for construction projects, especially in projects related to public infrastructure, drive the regional market growth.

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BIM Software Market Research Report: Information By Software Model (3D, 4D, 5D and Others), Applications (Buildings, Public Infrastructure, Industrial and Others), End-User (Architects and Engineer, Contractors and Others) and Region (North America, Asia-Pacific, Europe, Middle East & Africa and South America) - Forecast till 2027

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