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Building Information Modeling (BIM) Market To Reach US$ 19,900.3mn By 2025

The purpose of the report is to illustrate the state of the market of Building Information Modeling (BIM), to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

Building information modeling (BIM) has offered a viable solution to various stakeholders in the construction industry to effectively collaborate and contribute to the overall completion of the construction projects. Benefits such as comprehensive approach to the overall project coupled with efficient coordination have led to the growing popularity of BIM software over other traditional approaches such as AutoCAD, 3DMax and CATIA. The use of BIM software has enabled developers to reduce design errors and schedule projects efficiently thereby, resulting in waste reduction in terms of materials, time and other resources. Furthermore, with adverse impact on environment accompanied with limited land area in most of the developed cities across the world, it has become imperative for construction developers to make optimum utilization of available resources. Government in numerous developed countries such as the U.S., the UK, Finland, Denmark, Norway, Singapore and Australia, among others have mandated the use of BIM for various public and private construction activities. Thereby, the BIM market is expected to witness significant growth in such markets during the forecast period from 2017 to 2025.

Competitive Insights:

The global building information modeling (BIM)market is fairly consolidated with fewleading providers of building information modeling (BIM)offering application specific modules. Some of the leading providers of BIM across the world include Autodesk, Inc., Bentley Systems, Inc., Dassault system SA and AECOM. Other prominent players in the global BIM market were Tekla Corporation, Nemetschek SE, Trimble Navigation Limited, Intergraph Corporation, ASSA ABLOY Group, 4M Building Solutions and CYPE Ingenieros, S.A.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Building Information Modeling (BIM) buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Building Information Modeling (BIM) contains:

Analysis and forecast of Building Information Modeling (BIM) market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Building Information Modeling (BIM) market;

Assessment and forecast of Building Information Modeling (BIM) market development;

Financial and business profiles of the leading companies in the Building Information Modeling (BIM) industry.

Scope

– Up to date working Building Information Modeling (BIM) data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Building Information Modeling (BIM) for the period 2018 to 2026

– Planned Building Information Modeling (BIM) additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Building Information Modeling (BIM) projects by region, key countries, and companies

– Details of major planned Building Information Modeling (BIM) projects in the world up to 2026

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