BIM Software Market is Set To Fly High in Years to Come
BIM Software Market Size, Share 2030
BIM Software Market Overview
The worldwide BIM Software Market is anticipated to expand by 14.9%. The building information model, more often known as BIM, is a sophisticated piece of 3D software. The fields of architecture, building, and construction all use this approach. The BIM Software industry is projected to grow from USD 8.41 billion in 2022 to USD 25.61 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.9% during the forecast period (2022 – 2030). Through BIM software, experts have access to a vast array of applications. This program has the potential to give builders with valuable knowledge about building projects. These enlightenments are useful for accomplishing a variety of activities.
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Key Companies in the BIM Software includes
- Trimble Inc
- Autodesk Inc.
- PKPM (Beijing Jianli Technology Co., Ltd)
- Integrated Environmental Solutions Limited (IES Ltd.)
- Glodon Company Limited
- Shanghai Luban Software Co., Ltd
- Beijing Hongye Tongxing Technology Co., Ltd
- Innovaya, LLC.
- Beck Technology Ltd
- Cadsoft Corporation
Building Information Modeling (BIM) software is used in the architecture, engineering, and construction (AEC) industry to design, visualize, simulate, and analyze building structures and systems. The global BIM software market is expected to grow significantly over the next few years, driven by the increasing demand for efficient and collaborative construction processes, along with the rising adoption of cloud-based solutions. The report highlights that the Asia Pacific region is expected to witness the highest growth rate during the forecast period, due to the increasing construction activities and government initiatives in the region. Furthermore, the BIM software market is characterized by the presence of several global and regional players. Some of the key players in the market include Autodesk Inc., Nemetschek Group, Trimble Inc., Bentley Systems Inc., Dassault Systèmes, Hexagon AB, Asite Solutions Ltd., RIB Software SE, and AVEVA Group plc. These players are focusing on product innovations, collaborations, and partnerships to expand their market share and enhance their product offerings. Overall, the BIM software market is expected to witness significant growth over the next few years, driven by the increasing demand for efficient and collaborative construction processes, along with the rising adoption of cloud-based solutions.
The market is being driven mostly by digital partnerships these days. Because of covid 19, the business model behind the BIM software industry is undergoing significant changes. The pandemic has reduced the number of accessible plants, machinery, supplies, and materials. The building sector is experiencing operational difficulties due to the covid 19 virus. Digital partnerships, on the other hand, are instruments that keep the market’s needs alive. The rise of telecommuting has opened up new opportunities in the industry. Many architects are now working on future projects from distant locations. During this period, there was a greater usage of BIM.
The widespread of covid 19 worldwide is creating several difficulties for the worldwide market. During this period, the market for BIM software is experiencing a few challenges. The Building Information Modeling (BIM) software aids in the strategic planning of construction predictions. This program has various functions, including the ability to plan, design, build, and manage projects. Growing urbanization is a factor that is propelling this market forward. A great number of industries are going out of business.
BIM Software Market Segmentation
According to the reports, the global BIM software market is segmented based on software models, applications, and regions.
In 2019, architect and engineering firms accounted for 43.5% of the BIM market share in the global market. The capacity of BIM software solutions to assist designers and builders in foreseeing the issues of a given project is projected to ensure it maintains its preeminent position in the industry for the foreseeable future. There are also long-lasting insights on the procedure that they may receive.
BIM Software Model Outlook
BIM Software Application
- Public Infrastructure
The North American market is one of the most important ones for BIM. Advanced BIM technology, a newly created, creative method for design and construction, is being used early in this area. This method is now widely used in the North American building sector. Several professionals in the area use building information modeling (BIM) in their work. Builders, designers, and planners are rapidly expanding the number of people using building information modeling (BIM). The construction industry’s widespread use of new technologies is a key factor propelling the BIM market expansion in the area, which benefits from the region’s strong economic position and active government backing. As a result, the BIM market is anticipated to remain mostly regional.
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The Nemetschek Group announced in June 2021 that its brands Allplan and SDS2 would join forces to establish a powerful and customer-focused product range of BIM solutions for the complete structural process. This was done to meet the increasing demand for BIM software. German-based BIM design software vendor Allplan has acquired steel engineering detailing software to round out its product line.
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