BIM Software Market by Business Opportunities, Top Companies report covers 2030
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).
Shraddha Nevase
BIM Software Market Overview
According to MRFR analysis, the global BIM Software Market is expected to register a CAGR of ~ 14.9% from 2022 to 2030 and hold a value of over ~USD 15.01 billion by 2030.
Building Information Models (BIM) are computer files that can be removed, swapped, or networked to back decision-making regarding a built asset. It is cast off by individuals, businesses, and government agencies who are scheduling, constructing, operating, and maintaining numerous physical infrastructures which contain roads, railways, bonds, etc. BIM software contains computer-aided design products which are usually used in the architecture and construction industries. Products in these proposal tools and libraries are specifically targeted toward architectural design and construction.
The COVID-19 epidemic has harshly impacted the construction and building industry. The uneven and unorganized construction and infrastructure sector are facing extreme challenges because of the eruption. Instabilities during the lockdown in manpower, material, plants, equipment, and construction projects are likely to negate its anticipated growth. Further, the growing cost of construction, as well as professional & skilled labor fees, is likely to impact industry growth. However, the pandemic has resulted in a change toward remote working environments.
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BIM software is used to create and manage digital representations of the characteristics and functions of buildings, structures, and infrastructures. It is used in a variety of industries, including architecture, engineering, construction, and operations and maintenance. BIM software is typically used for the planning, design, construction, and management of buildings and infrastructures. Popular BIM software includes Revit, Revizto, Navisworks, ArchiCAD, Vectorworks Architect, Edificius, midas Gen, and Tekla Structures. These software packages provide a range of features and capabilities, such as 3D modeling, visualization, data management, and project collaboration, making them invaluable tools for architects, engineers, and construction professionals.
Regional Analysis
North America is anticipated to dominate the revenue share during the forecast period. The initial adoption of advanced digital tools and the government’s mandate on implementing BIM software is likely to enhance BIM Software Market growth. Similarly, South America will show substantial growth during the forecast period due to the growing spending on building and infrastructure.
Asia Pacific is anticipated to show remarkable growth during the forecast period due to the growing smart city projects across multiple nations such as China, India, South Korea, and Singapore. The rising urbanization is boosting the demand for efficient and advanced solutions in construction and infrastructure. China is anticipated to dominate the region due to the vast number of planned infrastructure projects in the country. The country has planned three large-scale construction missions using BIM software such as Shanghai Tower, and Shanghai Disneyland Resort. This is likely to lift the BIM Software Market growth.
Europe is anticipated to rank second in terms of BIM Software Market share during the forecast period. Governments of countries such as the U.K., Sweden, Germany, and France, have mandated the implementation of BIM in public projects. Further, the substantial existence of prominent players in the region is likely to drive growth.
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Market Segmentation
The global BIM Software Market has been segmented into vehicle type and application.
Based on Type, The global BIM Software Market has been segmented into 3D BIM – Design Models, 4D BIM – Construction Dynamics, 5D BIM – Cost, 6D BIM – Built Facilities, 7D BIM – Environmental Protection, and 3D BIM – Design Models. 3D BIM – Design Model is the greatest used type in 2020 With about 64.56% market share.
Based on Application, The global BIM Software Market has been segmented into Architect, AEC Engineering Office, Contractor, Owner, and Others. The contractor's segment occupied most of the market share of about 33.67% in 2020 Followed by the architect segment with a 25.5% market share.
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Key Players
Some of the key market players are Enterprise Holdings Inc, Europcar, Carzonrent India Pvt Ltd, SIXT, Eco Rent a Car, Avis Budget Group Inc, Hertz Global Holdings Inc, ANI Technologies Pvt. Ltd., Uber Technologies Inc., Localiza
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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