Building Information Modeling (BIM) Market By Solution (Software, Services), Deployment Model (On-premises, Cloud) & By Application Areas (Commercial, Residential, Industrial, Infrastructure, Institutional), Industry trends, Estimation & Forecast, 2015 - 2024
Building Information Modeling Market By Solution (Software, Services), Deployment Model (On-premises, Cloud) & By Application Areas (Commercial, Residential, Industrial, Infrastructure, Institutional), Industry trends, Estimation & Forecast, 2015– 2024
Building Information Modeling has generated $3.6 billion revenue in 2016 and expected to reach to $18.8 billion by 2024 with high CAGR of 22.9%. BIM Software segment generated the highest revenue and growing at a CAGR of 23.4%.
Building information modeling (BIM) is a digital representation of whole construction project which helps architects, engineers and construction professionals to plan and manage construction activities. BIM creates a virtual model of building and assists in designing and planning. BIM is incredibly effective tool in planning and designing construction compared to traditional construction activities. Reduced rework and fewer errors are key advantages of BIM. BIM also helps reduce project cost and time which ultimately helps to increase the value of the project.
MARKET DYNAMICS
Increased return on investment (ROI) and optimum resource utilization are prime factors boosting the growth of global BIM market. Efficient and accurate cost estimation and growing demand for automated models are some supplementary factors helping towards the growth of the global BIM market. Further, BIM helps to keep workflow in order and provide real-time updates at every stage of the project to each entity.
The digital prototyping helps analysis & simulation which helps in significant reduction in project life cycle duration. Governments in various countries have mandated the implementation of BIM solution during the construction and operations phase of a project. In addition, the emphasis on green buildings and depleting resources will boost the adoption of BIM in the construction sector.
The high initial cost, longer training period, and lack of availability of the skilled professionals are key elements restraining the growth of global BIM market.
Automation of building structure and robotics integration with BIM are expected to be future opportunities in global BIM market in addition to the advance data analytics in BIM systems.
COMPETITIVE LANDSCAPE
The market is characterized by low competition and several national vendors. The product customization according to the consumer is one of the key strategies adopted by the leaders of the market. For instance, Autodesk, Inc. launched upgraded version of Autodesk Revit on April 2016 for better customization and flexibility.
MARKET SEGMENTATION
Global BIM market is segmented on the basis of solutions, deployment model, end user, application area, and region. Based on a solution, the market is segmented into software and services. Architectures, contractors, and others are further segmentation of end user market. By application the global BIM market is further categorized into commercial, residential, institutional, infrastructure and industrial. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Extensive analysis of key market players such as, AECOM, Asite Solutions Limited, Autodesk, Inc., Beck Technology, Ltd., Bentley Systems, Inc., Dassault Systemes SA, Nemetschek AG, Pentagon Solutions Ltd., Synchro Software Ltd., and Trimble Navigation Ltd. is provided.
Building Integration Modeling Software (BIM) Market Segmentation
The market is segmented on the basis of Solution, Deployment Model, End User, Application Area and Geography.
Market by Solution
Building Information Modeling has generated $3.6 billion revenue in 2016 and expected to reach to $18.8 billion by 2024 with high CAGR of 22.9%. BIM Software segment generated the highest revenue and growing at a CAGR of 23.4%.
Building information modeling (BIM) is a digital representation of whole construction project which helps architects, engineers and construction professionals to plan and manage construction activities. BIM creates a virtual model of building and assists in designing and planning. BIM is incredibly effective tool in planning and designing construction compared to traditional construction activities. Reduced rework and fewer errors are key advantages of BIM. BIM also helps reduce project cost and time which ultimately helps to increase the value of the project.
MARKET DYNAMICS
Increased return on investment (ROI) and optimum resource utilization are prime factors boosting the growth of global BIM market. Efficient and accurate cost estimation and growing demand for automated models are some supplementary factors helping towards the growth of the global BIM market. Further, BIM helps to keep workflow in order and provide real-time updates at every stage of the project to each entity.
The digital prototyping helps analysis & simulation which helps in significant reduction in project life cycle duration. Governments in various countries have mandated the implementation of BIM solution during the construction and operations phase of a project. In addition, the emphasis on green buildings and depleting resources will boost the adoption of BIM in the construction sector.
The high initial cost, longer training period, and lack of availability of the skilled professionals are key elements restraining the growth of global BIM market.
Automation of building structure and robotics integration with BIM are expected to be future opportunities in global BIM market in addition to the advance data analytics in BIM systems.
COMPETITIVE LANDSCAPE
The market is characterized by low competition and several national vendors. The product customization according to the consumer is one of the key strategies adopted by the leaders of the market. For instance, Autodesk, Inc. launched upgraded version of Autodesk Revit on April 2016 for better customization and flexibility.
MARKET SEGMENTATION
Global BIM market is segmented on the basis of solutions, deployment model, end user, application area, and region. Based on a solution, the market is segmented into software and services. Architectures, contractors, and others are further segmentation of end user market. By application the global BIM market is further categorized into commercial, residential, institutional, infrastructure and industrial. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Extensive analysis of key market players such as, AECOM, Asite Solutions Limited, Autodesk, Inc., Beck Technology, Ltd., Bentley Systems, Inc., Dassault Systemes SA, Nemetschek AG, Pentagon Solutions Ltd., Synchro Software Ltd., and Trimble Navigation Ltd. is provided.
Building Integration Modeling Software (BIM) Market Segmentation
The market is segmented on the basis of Solution, Deployment Model, End User, Application Area and Geography.
Market by Solution
- Software
- Services
- On-premises
- Cloud
- Architecture
- Contractors
- Others
- Commercial
- Residential
- Industrial
- Infrastructure
- Institutional
- North America
- Europe
- Asia-Pacific
- Latin America, Middle East and Africa (LAMEA)
- AECOM
- Asite Solutions Limited
- Autodesk, Inc.
- Beck Technology, Ltd.
- Bentley Systems, Inc.
- Dassault Systemes SA
- Nemetschek AG
- Pentagon Solutions Ltd.
- Synchro Software Ltd.
- Trimble Navigation Ltd.
CHAPTER 1. INTRODUCTION
1.1. RESEARCH METHODOLOGY
1.1.1. Secondary research
1.1.2. Primary research
1.1.3. Analyst tools and models
1.2. REPORT OVERVIEW
CHAPTER 2. MARKET OVERVIEW
2.1. VALUE CHAIN ANALYSIS
2.2. PORTER’S FIVE FORCES MODEL
2.3. MARKET SHARE ANALYSIS
2.4. INVESTMENT POCKETS
2.5. STRATEGIC ATTEMPTS
2.6. MARKET DETERMINANTS
2.6.1. Key impacting factors
2.6.2. Drivers
2.6.2.1. improves productivity
2.6.2.2. Rising construction industry
2.6.2.3. reduces rework
2.6.3. Restraints
2.6.3.1. BIM software is expensive
2.6.3.2. lack of experts
2.6.4. Opportunities
2.6.4.1. growing awareness about energy efficiency
CHAPTER 3. GLOBAL BIM MARKET BY SOLUTION TYPE
3.1. INTRODUCTION
3.2. GLOBAL BIM MARKET REVENUE BY TYPE
3.3. SOFTWARE
3.3.1. Current trends
3.3.2. Growth & opportunities
3.3.3. Global software BIM market revenue by region, 2015-2024
3.4. SERVICES
3.4.1. Current trends
3.4.2. Growth & opportunities
3.4.3. Global services BIM market revenue by region, 2015-2024
CHAPTER 4. GLOBAL BIM MARKET BY DEPLOYMENT TYPE
4.1. INTRODUCTION
4.2. GLOBAL BIM MARKET REVENUE BY DEPLOYMENT TYPE
4.3. CLOUD BASED
4.3.1. Current trends
4.3.2. Growth & opportunities
4.3.3. Global cloud based BIM market revenue by region, 2015-2024
4.4. ON PREMISE
4.4.1. Current trends
4.4.2. Growth & opportunities
4.4.3. Global on premise BIM market revenue by region, 2015-2024
CHAPTER 5. GLOBAL BIM MARKET BY END USER
5.1. INTRODUCTION
5.2. GLOBAL BIM MARKET REVENUE BY END USER
5.3. ARCHITECT/ ENGINEER
5.3.1. Current trends
5.3.2. Growth & opportunities
5.3.3. Global architect/engineer BIM market revenue by region, 2015-2024 ($Million)
5.4. CONTRACTOR
5.4.1. Current trends
5.4.2. Growth & opportunities
5.4.3. Global contractor BIM market revenue by region, 2015-2024 ($Million)
5.5. OTHERS
5.5.1. Current trends
5.5.2. Growth & opportunities
5.5.3. Global others BIM market revenue by region, 2015-2024 ($Million)
CHAPTER 6. GLOBAL BIM MARKET BY APPLICATION
6.1. INTRODUCTION
6.2. GLOBAL BIM MARKET REVENUE BY APPLICATION
6.3. COMMERCIAL
6.3.1. Current trends
6.3.2. Growth & opportunities
6.3.3. Global commercial BIM market revenue by region, 2015-2024
6.4. RESIDENTIAL
6.4.1. Current trends
6.4.2. Growth & opportunities
6.4.3. Global residential BIM market revenue by region, 2015-2024
6.5. INFRASTRUCTURE
6.5.1. Current trends
6.5.2. Growth & opportunities
6.5.3. Global infrastructure BIM market revenue by region, 2015-2024
6.6. INSTITUTIONAL
6.6.1. Current trends
6.6.2. Growth & opportunities
6.6.3. Global institutional BIM market revenue by region, 2015-2024
6.7. INDUSTRIAL
6.7.1. Current trends
6.7.2. Growth & opportunities
6.7.3. Global Industrial BIM market revenue by region, 2015-2024
CHAPTER 7. GLOBAL BIM MARKET BY GEOGRAPHY
7.1. INTRODUCTION
7.2. GLOBAL BIM MARKET REVENUE BY GEOGRAPHY
7.3. NORTH AMERICA
7.3.1. North America BIM market revenue by solution, 2015-2024
7.3.2. North America BIM market revenue by deployment, 2015-2024
7.3.3. North America BIM market revenue by end user, 2015-2024
7.3.4. North America BIM market revenue by application, 2015-2024
7.4. EUROPE
7.4.1. Europe BIM market revenue by solution, 2015-2024
7.4.2. Europe BIM market revenue by deployment, 2015-2024
7.4.3. Europe BIM market revenue by end user, 2015-2024
7.4.4. Europe BIM market revenue by application, 2015-2024
7.5. ASIA PACIFIC
7.5.1. APAC BIM market revenue by solution, 2015-2024
7.5.2. APAC BIM market revenue by deployment, 2015-2024
7.5.3. APAC BIM market revenue by end user, 2015-2024
7.5.4. APAC BIM market revenue by application, 2015-2024
7.6. REST OF THE WORLD
7.6.1. Rest of the world BIM market revenue by solution, 2015-2024
7.6.2. Rest of the world BIM market revenue by deployment, 2015-2024
7.6.3. Rest of the world BIM market revenue by end user, 2015-2024
7.6.4. Rest of the world BIM market revenue by application, 2015-2024
CHAPTER 8. COMPANY PROFILES
8.1. AUTODESK, INC.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Business overview
8.1.4. Strategic attempts
8.2. AECOM
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Business overview
8.2.4. Strategic attempts
8.3. ASITE SOLUTIONS LTD
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Business overview
8.3.4. Strategic attempts
8.4. BECK TECHNOLOGY, LTD.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Business overview
8.4.4. Strategic attempts
8.5. BENTLEY SYSTEMS, LTD.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Business overview
8.5.4. Strategic attempts
8.6. SYNCHRO SOFTWARE LTD
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Business overview
8.6.4. Strategic attempts
8.7. PENTAGON SOLUTIONS LTD
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Business overview
8.7.4. Strategic attempts
8.8. NEMETSCHEK AG
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Business overview
8.8.4. Strategic attempts
8.9. TRIMBLE NAVIGATION LTD.
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Business overview
8.9.4. Strategic attempts
8.10. DASSAULT SYSTEMES SA
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Business overview
8.10.4. Strategic attempts
1.1. RESEARCH METHODOLOGY
1.1.1. Secondary research
1.1.2. Primary research
1.1.3. Analyst tools and models
1.2. REPORT OVERVIEW
CHAPTER 2. MARKET OVERVIEW
2.1. VALUE CHAIN ANALYSIS
2.2. PORTER’S FIVE FORCES MODEL
2.3. MARKET SHARE ANALYSIS
2.4. INVESTMENT POCKETS
2.5. STRATEGIC ATTEMPTS
2.6. MARKET DETERMINANTS
2.6.1. Key impacting factors
2.6.2. Drivers
2.6.2.1. improves productivity
2.6.2.2. Rising construction industry
2.6.2.3. reduces rework
2.6.3. Restraints
2.6.3.1. BIM software is expensive
2.6.3.2. lack of experts
2.6.4. Opportunities
2.6.4.1. growing awareness about energy efficiency
CHAPTER 3. GLOBAL BIM MARKET BY SOLUTION TYPE
3.1. INTRODUCTION
3.2. GLOBAL BIM MARKET REVENUE BY TYPE
3.3. SOFTWARE
3.3.1. Current trends
3.3.2. Growth & opportunities
3.3.3. Global software BIM market revenue by region, 2015-2024
3.4. SERVICES
3.4.1. Current trends
3.4.2. Growth & opportunities
3.4.3. Global services BIM market revenue by region, 2015-2024
CHAPTER 4. GLOBAL BIM MARKET BY DEPLOYMENT TYPE
4.1. INTRODUCTION
4.2. GLOBAL BIM MARKET REVENUE BY DEPLOYMENT TYPE
4.3. CLOUD BASED
4.3.1. Current trends
4.3.2. Growth & opportunities
4.3.3. Global cloud based BIM market revenue by region, 2015-2024
4.4. ON PREMISE
4.4.1. Current trends
4.4.2. Growth & opportunities
4.4.3. Global on premise BIM market revenue by region, 2015-2024
CHAPTER 5. GLOBAL BIM MARKET BY END USER
5.1. INTRODUCTION
5.2. GLOBAL BIM MARKET REVENUE BY END USER
5.3. ARCHITECT/ ENGINEER
5.3.1. Current trends
5.3.2. Growth & opportunities
5.3.3. Global architect/engineer BIM market revenue by region, 2015-2024 ($Million)
5.4. CONTRACTOR
5.4.1. Current trends
5.4.2. Growth & opportunities
5.4.3. Global contractor BIM market revenue by region, 2015-2024 ($Million)
5.5. OTHERS
5.5.1. Current trends
5.5.2. Growth & opportunities
5.5.3. Global others BIM market revenue by region, 2015-2024 ($Million)
CHAPTER 6. GLOBAL BIM MARKET BY APPLICATION
6.1. INTRODUCTION
6.2. GLOBAL BIM MARKET REVENUE BY APPLICATION
6.3. COMMERCIAL
6.3.1. Current trends
6.3.2. Growth & opportunities
6.3.3. Global commercial BIM market revenue by region, 2015-2024
6.4. RESIDENTIAL
6.4.1. Current trends
6.4.2. Growth & opportunities
6.4.3. Global residential BIM market revenue by region, 2015-2024
6.5. INFRASTRUCTURE
6.5.1. Current trends
6.5.2. Growth & opportunities
6.5.3. Global infrastructure BIM market revenue by region, 2015-2024
6.6. INSTITUTIONAL
6.6.1. Current trends
6.6.2. Growth & opportunities
6.6.3. Global institutional BIM market revenue by region, 2015-2024
6.7. INDUSTRIAL
6.7.1. Current trends
6.7.2. Growth & opportunities
6.7.3. Global Industrial BIM market revenue by region, 2015-2024
CHAPTER 7. GLOBAL BIM MARKET BY GEOGRAPHY
7.1. INTRODUCTION
7.2. GLOBAL BIM MARKET REVENUE BY GEOGRAPHY
7.3. NORTH AMERICA
7.3.1. North America BIM market revenue by solution, 2015-2024
7.3.2. North America BIM market revenue by deployment, 2015-2024
7.3.3. North America BIM market revenue by end user, 2015-2024
7.3.4. North America BIM market revenue by application, 2015-2024
7.4. EUROPE
7.4.1. Europe BIM market revenue by solution, 2015-2024
7.4.2. Europe BIM market revenue by deployment, 2015-2024
7.4.3. Europe BIM market revenue by end user, 2015-2024
7.4.4. Europe BIM market revenue by application, 2015-2024
7.5. ASIA PACIFIC
7.5.1. APAC BIM market revenue by solution, 2015-2024
7.5.2. APAC BIM market revenue by deployment, 2015-2024
7.5.3. APAC BIM market revenue by end user, 2015-2024
7.5.4. APAC BIM market revenue by application, 2015-2024
7.6. REST OF THE WORLD
7.6.1. Rest of the world BIM market revenue by solution, 2015-2024
7.6.2. Rest of the world BIM market revenue by deployment, 2015-2024
7.6.3. Rest of the world BIM market revenue by end user, 2015-2024
7.6.4. Rest of the world BIM market revenue by application, 2015-2024
CHAPTER 8. COMPANY PROFILES
8.1. AUTODESK, INC.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Business overview
8.1.4. Strategic attempts
8.2. AECOM
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Business overview
8.2.4. Strategic attempts
8.3. ASITE SOLUTIONS LTD
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Business overview
8.3.4. Strategic attempts
8.4. BECK TECHNOLOGY, LTD.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Business overview
8.4.4. Strategic attempts
8.5. BENTLEY SYSTEMS, LTD.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Business overview
8.5.4. Strategic attempts
8.6. SYNCHRO SOFTWARE LTD
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Business overview
8.6.4. Strategic attempts
8.7. PENTAGON SOLUTIONS LTD
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Business overview
8.7.4. Strategic attempts
8.8. NEMETSCHEK AG
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Business overview
8.8.4. Strategic attempts
8.9. TRIMBLE NAVIGATION LTD.
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Business overview
8.9.4. Strategic attempts
8.10. DASSAULT SYSTEMES SA
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Business overview
8.10.4. Strategic attempts
