Building Information Modelling Market size, status and forecast 2018-2026

 Market overview

Building Information Modelling (BIM) is an intelligent and model-based process that provides insights for creating and managing construction projects at a fast pace, economically, and in a highly sustainable. All the data are collected during the design, construction, management, and maintenance phases are incorporated into digital models that can be used by all construction partners. BIM helps in building a virtual project at the initial state of construction and it is known as virtual construction.

Increasing demand for improving productivity and competitiveness in the architecture, engineering, and construction industries is a key factor driving adoption of building information modeling 

Building Information Modelling (BIM) technology helps in increasing productivity by minimizing costs and time. Moreover, due to various advanced features such as minimizing the duration of project management, reduce rework, and improve quality have increased demand for BIM in construction industry.

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Market Dynamics

On the basis of geography, the global business information modeling market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The US held a dominant position in the market and is projected to retain its dominance throughout the forecast period. Supportive government initiatives in the country creates a highly conducive environment for growth of the BIM market in the region. For instance, United States General Services Administration (GSA) formulated the National BIM Program in 2003. According to this program certain policies are mandated for the BIM adoption in all Public Buildings Service projects.

Europe is expected to be the second largest market during the forecast period. The increasing construction industry become one of the major driver for the growth of the market in this region. For instance, the number of new buildings construction had been increased by 7.5 percent to US$ 87.4 billion (Euro 70.9 billion) 2016 as compared to previous year.

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Major players operating in the global building information modelling market include Autodesk Inc., Nementschek SE, Trimble Navigation Ltd., Bentley System, Inc., Asite Ltd, AVEA,RIB Software AG, Dassault Systems, Archidata, Inc., Intergraph Corporation, Beck Technology Ltd., Computer & Structure, Inc., Robert Mcheel & Associates, and Cadsoft

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