Global Building Information Modeling Market Study

According to the new research report "Global Building Information Modeling (BIM) Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast" by DecisionDatabases.com, the market is expected to grow from USD 3.2 billion in year 2015 to USD 11 billion in 2022, at a CAGR close to 19% during the study period 2015 - 2022. Business Information Modeling (BIM) is an intelligent 3-D model based technique that equips architecture; engineering and construction professionals with the insights and tools to more efficiently plan, design, construct and manage buildings and infrastructure. Building Information Modeling market is spreading worldwide as this software tool has become very popular due to the advantages offered such as increased return on investments, time and money saving and hence enhanced productivity.
   
Up-swing in demand for BIM market:

The major drivers for the BIM market are enhanced communication and coordination through the asset lifecycle management process and government mandates for the usage of building information modeling in several developed countries. The factors that are projected to propel the growth of the BIM market are clash management, visualization, change management, layout, quantity take off, scheduling, and production control. BIM services offer different services in construction sector such as 2D drawings, 3D modeling, 4D scheduling, and 5D estimating power. Also prefabrication techniques and energy simulation have been used by BIM for development of green buildings with effective data exchange during project development is further propelling the growth of the market. With the advancements in new technologies and to enhance the experience with BIM software, some of the companies have developed cloud-based tools for advanced data management. Global warming and high carbon emission caused due to constructions are some of the factors that will lead to future growth. Construction industry is one of the massive source of climate change, pollution and carbon emission in the environment. The amount of carbon emission released in the environment has increased tremendously in the recent years. Government agencies around the globe are keen to implement regulatory norms to minimize this effect and are focused towards the construction of green buildings for the sustainable development.

The BIM market can be segmented according to the type, project life cycle, application and geography. By type it has been segmented on the basis of software which includes architectural design, construction, sustainability, structures, mechanical, electrical and plumbing and facility management. On the basis of project life cycle, it includes pre-construction, construction and operation. By operation it is further segmented into buildings, civil infrastructure, oil & gas, industrial, utilities and others. By geography it is segmented into different regions such as North America, Europe, APAC and RoW. Among all these regions, North America is projected to hold the largest market share. The key driving factors for the North American market are the stabilized constructions of commercial and residential buildings coupled with growing awareness about the benefits of BIM. The second largest market share is expected to be held by the European market .The building, civil infrastructure, and industrial applications are expected to be the prominent segments in the European BIM market.
 
The prominent players offering BIM solutions across the globe include Autodesk Inc. (U.S.), Archidata Inc. (Canada), Nemetschek SE (Germany), , Inc. (U.S.), Asite Ltd. (U.K.), AVEVA (U.S.), Dassault Systèmes (France), Archidata Inc. (Canada), Trimble Navigation Limited (U.S.), Intergraph Corporation (U.S.), , Ltd. (U.S.), Computers and Structures, Inc. (U.S.), Bentley System, RIB Software AG (Germany), Robert McNeel & Associates (U.S.), and Cadsoft (U.S.), Beck Technology among others.
   
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