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Building Information Modeling Software Market Size to Grow by USD 18.05 Bn at a CAGR of 20.12%|Software segment is expected to witness lucrative growth | Technavio

NEW YORK, May 27, 2022 /PRNewswire/ -- The Building Information Modeling Software Market size is expected to grow by USD 18.05 billion with a YOY growth of 13.64% during the forecast period. One of the key drivers supporting the building information modeling software market growth is the increasing requirements for large-scale project management. The report offers an up-to-date analysis of the current market scenario and information from several leading manufacturers.

Technavio has announced its latest market research report titled Building Information Modeling Software Market by Product and Geography - Forecast and Analysis 2022-2026

For more insights on YOY and CAGR, Request Latest Sample Report.

This market research report extensively covers Building Information Modeling Software Market by the following:

  • · Product - Software and services
    • The software segment's share of the building information modeling software market will expand significantly. BIM software streamlines the construction process by allowing for more efficient planning, design, construction, and management of structures and infrastructure. To offer high-quality work, contractors require an effective management solution. As a result, the implementation of BIM software allows contractors to boost the profitability and efficiency of their projects.
  • Geography - North America, Europe, APAC, Middle East and Africa, and South America
    • APAC will account for 34% of the market's growth. In APAC, the primary markets for building information modeling software are Japan and China. The market in this region will increase at a quicker rate than the market in other regions. Over the forecast period, the growing construction of commercial and industrial buildings will aid the expansion of the building information modeling software market in APAC.

Get more insights into this market's growth with a detailed analysis of the top regions, View our Sample Report!

Building Information Modeling Software Market Dynamics

Market Driver

The growing demand for large-scale project management is one of the primary factors driving the rise of building information modeling software. The major goal of BIM solutions is to automate procedures to achieve maximum outputs by managing resources and following up regularly. Automating the latest sales leads to easier notification of salespeople, resulting in reduced workloads. As a result, automation boosts overall productivity by increasing sales. During the projected period, these advantages will propel the expansion of the building information modeling software market.

Market Trend

The rise of 5D BIM is one of the important building information modeling software industry trends that is propelling market expansion. 3D BIM-based construction projects do not provide a platform for the integration of time and cost concerns. As a result, 5D BIM was born, which takes into account more dimensions. The 5D BIM enables real-time cost estimation and comparison with the desired cost. During the projected period, the benefits of 5D BIM will push the growth of the building information modeling software market.

Market Challenge

The high implementation and operation expenses are one of the obstacles hindering the growth of the building information modeling software industry. BIM solutions are complicated, and they must be used by qualified people. As a result, the significant training costs associated with these systems limit BIM software adoption. To aid implementation, a design or configuration tool frequently conducts tests. These add-on services add up to the cost of the product.

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Building Information Modeling Software Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 20.12%

Market growth 2022-2026

$ 18.05 billion

Market structure

Fragmented

YoY growth (%)

13.64

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 34%

Key consumer countries

US, Japan, China, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

4M SA Advanced Software Engineering Systems, ABB Ltd., ACCA software Spa, AECOM, Asite Solutions Ltd., Autodesk Inc., AVEVA Group Plc, Bentley Systems Inc., Cadsoft Corp., Dassault Systemes SE, GRAITEC Innovation SAS, Hexagon AB, Nemetschek SE, Pinnacle Infotech Inc., Planner, Planon Shared Services BV, Schneider Electric SE, Siemens AG, The Beck Group, and Trimble Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Building Information Modeling Software Market Segmentation

  • Product
    • Software
    • Services
  • Geography
    • North America
    • Europe
    • APAC
    • Middle East And Africa
    • South America

Download Sample Report: to know additional highlights and key points on various market segments and their impact in coming years. 

Building Information Modeling Software Market Vendor

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • 4M SA Advanced Software Engineering Systems
  • ABB Ltd.
  • ACCA software Spa
  • AECOM
  • Asite Solutions Ltd.
  • Autodesk Inc.
  • AVEVA Group Plc
  • Bentley Systems Inc.
  • Cadsoft Corp.
  • Dassault Systemes SE
  • GRAITEC Innovation SAS
  • Hexagon AB

Find out the top market vendors, their competition and how they excel in the Building Information Modeling Software Market in our latest Sample Report. Download our Detailed Sample Report. 

Product Insights and News

  • Asite Solutions Ltd. - The company offers building information modeling such as BIM Escalator which provides designers, engineers, and contractors a set of BIM and CAD tools. 
  • Autodesk Inc. - The company offers building information modeling such as AEC Collection which provides designers, engineers, and contractors a set of BIM and CAD tools supported by a cloud-based common data environment that facilitates project delivery from early-stage design through to construction. 
  • AVEVA Group Plc - The company offers building information modeling such as AVEVA Bocad which provides class-leading productivity in structural steelwork, enabling consistently rapid, high-quality design, fabrication, and construction, for on-time, on budget delivery of a high-quality project. 

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Table of Contents

1. Executive Summary               

            1.1 Market overview          

                        Exhibit 01:  Executive Summary – Chart on Market Overview

                        Exhibit 02:  Executive Summary – Data Table on Market Overview

                        Exhibit 03:  Executive Summary – Chart on Global Market Characteristics

                        Exhibit 04:  Executive Summary – Chart on Market by Geography

                        Exhibit 05:  Executive Summary – Chart on Market Segmentation by Product

                        Exhibit 06:  Executive Summary – Chart on Incremental Growth

                        Exhibit 07:  Executive Summary – Data Table on Incremental Growth

                        Exhibit 08:  Executive Summary – Chart on Vendor Market Positioning

2. Market Landscape                  

            2.1 Market ecosystem       

                        Exhibit 09:  Parent market

                        Exhibit 10:  Market Characteristics

3. Market Sizing              

            3.1 Market definition         

                        Exhibit 11:  Offerings of vendors included in the market definition

            3.2   Market segment analysis      

                        Exhibit 12: Market segments

            3.3 Market size 2021          

            3.4 Market outlook: Forecast for 2021-2026         

                        Exhibit 13:  Chart on Global - Market size and forecast 2021-2026 ($ million)

                        Exhibit 14:  Data Table on Global - Market size and forecast 2021-2026 ($ million)

                        Exhibit 15:  Chart on Global Market: Year-over-year growth 2021-2026 (%)

                        Exhibit 16:  Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis               

            4.1 Five Forces Summary   

                        Exhibit 17:  Five forces analysis - Comparison between2021 and 2026

            4.2 Bargaining power of buyers    

                        Exhibit 18:  Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

            4.3 Bargaining power of suppliers

                        Exhibit 19:  Bargaining power of suppliers – Impact of key factors in 2021 and 2026

            4.4 Threat of new entrants

                        Exhibit 20:  Threat of new entrants – Impact of key factors in 2021 and 2026

            4.5 Threat of substitutes   

                        Exhibit 21:  Threat of substitutes – Impact of key factors in 2021 and 2026

            4.6 Threat of rivalry

                        Exhibit 22:  Threat of rivalry – Impact of key factors in 2021 and 2026

            4.7 Market condition         

                        Exhibit 23:  Chart on Market condition - Five forces 2021 and 2026

5. Market Segmentation by Product

            5.1 Market segments         

                        Exhibit 24:  Chart on Product - Market share 2021-2026 (%)

                        Exhibit 25:  Data Table on Product - Market share 2021-2026 (%)

            5.2 Comparison by Product           

                        Exhibit 26:  Chart on Comparison by Product

                        Exhibit 27:  Data Table on Comparison by Product

            5.3 Software - Market size and forecast 2021-2026         

                        Exhibit 28:  Chart on Software - Market size and forecast 2021-2026 ($ million)

                        Exhibit 29:  Data Table on Software - Market size and forecast 2021-2026 ($ million)

                        Exhibit 30:  Chart on Software - Year-over-year growth 2021-2026 (%)

                        Exhibit 31:  Data Table on Software - Year-over-year growth 2021-2026 (%)

            5.4 Services - Market size and forecast 2021-2026

                        Exhibit 32:  Chart on Services - Market size and forecast 2021-2026 ($ million)

                        Exhibit 33:  Data Table on Services - Market size and forecast 2021-2026 ($ million)

                        Exhibit 34:  Chart on Services - Year-over-year growth 2021-2026 (%)

                        Exhibit 35:  Data Table on Services - Year-over-year growth 2021-2026 (%)

            5.5 Market opportunity by Product           

                        Exhibit 36:  Market opportunity by Product ($ million)

6. Customer landscape              

                        Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

            6.1 Customer landscape overview

                        Exhibit 37:  Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7.  Geographic Landscape                    

            7.1   Geographic segmentation    

                        Exhibit 38:  Chart on Market share by geography 2021-2026 (%)

                        Exhibit 39:  Data Table on Market share by geography 2021-2026 (%)

            7.2 Geographic comparison          

                        Exhibit 40:  Chart on Geographic comparison

                        Exhibit 41:  Data Table on Geographic comparison

            7.3 North America - Market size and forecast 2021-2026

                        Exhibit 42:  Chart on North America - Market size and forecast 2021-2026 ($ million)

                        Exhibit 43:  Data Table on North America- Market size and forecast 2021-2026 ($ million)

                        Exhibit 44:  Chart on North America- Year-over-year growth 2021-2026 (%)

                        Exhibit 45:  Data Table on North America- Year-over-year growth 2021-2026 (%)

            7.4 Europe- Market size and forecast 2021-2026 

                        Exhibit 46:  Chart on Europe- Market size and forecast 2021-2026 ($ million)

                        Exhibit 47:  Data Table on Europe- Market size and forecast 2021-2026 ($ million)

                        Exhibit 48:  Chart on Europe- Year-over-year growth 2021-2026 (%)

                        Exhibit 49:  Data Table on Europe- Year-over-year growth 2021-2026 (%)

            7.5 APAC- Market size and forecast 2021-2026    

                        Exhibit 50:  Chart on APAC- Market size and forecast 2021-2026 ($ million)

                        Exhibit 51:  Data Table on APAC- Market size and forecast 2021-2026 ($ million)

                        Exhibit 52:  Chart on APAC- Year-over-year growth 2021-2026 (%)

                        Exhibit 53:  Data Table on APAC- Year-over-year growth 2021-2026

            7.6 Middle East and Africa - Market size and forecast 2021-2026

                        Exhibit 54:  Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                        Exhibit 55:  Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                        Exhibit 56:  Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)

                        Exhibit 57:  Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

            7.7 South America - Market size and forecast 2021-2026

                        Exhibit 58:  Chart on South America - Market size and forecast 2021-2026 ($ million)

                        Exhibit 59:  Data Table on South America - Market size and forecast 2021-2026 ($ million)

                        Exhibit 60:  Chart on South America - Year-over-year growth 2021-2026 (%)

                        Exhibit 61:  Data Table on South America - Year-over-year growth 2021-2026 (%)

            7.8 US - Market size and forecast 2021-2026       

                        Exhibit 62:  Chart on US - Market size and forecast 2021-2026 ($ million)

                        Exhibit 63:  Data Table on US - Market size and forecast 2021-2026 ($ million)

                        Exhibit 64:  Chart on US - Year-over-year growth 2021-2026 (%)

                        Exhibit 65:  Data Table on US - Year-over-year growth 2021-2026 (%)

            7.9 Japan- Market size and forecast 2021-2026    

                        Exhibit 66:  Chart on Japan- Market size and forecast 2021-2026 ($ million)

                        Exhibit 67:  Data Table on Japan- Market size and forecast 2021-2026 ($ million)

                        Exhibit 68:  Chart on Japan- Year-over-year growth 2021-2026 (%)

                        Exhibit 69:  Data Table on Japan- Year-over-year growth 2021-2026 (%)

            7.10 UK - Market size and forecast 2021-2026     

                        Exhibit 70:  Chart on UK - Market size and forecast 2021-2026 ($ million)

                        Exhibit 71:  Data Table on UK - Market size and forecast 2021-2026 ($ million)

                        Exhibit 72:  Chart on UK - Year-over-year growth 2021-2026 (%)

                        Exhibit 73:  Data Table on UK - Year-over-year growth 2021-2026 (%)

            7.11 China- Market size and forecast 2021-2026 

                        Exhibit 74:  Chart on China- Market size and forecast 2021-2026 ($ million)

                        Exhibit 75:  Data Table on China- Market size and forecast 2021-2026 ($ million)

                        Exhibit 76:  Chart on China- Year-over-year growth 2021-2026 (%)

                        Exhibit 77:  Data Table on China- Year-over-year growth 2021-2026 (%)

            7.12 France - Market size and forecast 2021-2026

                        Exhibit 78:  Chart on France - Market size and forecast 2021-2026 ($ million)

                        Exhibit 79:  Data Table on France - Market size and forecast 2021-2026 ($ million)

                        Exhibit 80:  Chart on France - Year-over-year growth 2021-2026 (%)

                        Exhibit 81:  Data Table on France - Year-over-year growth 2021-2026 (%)

            7.13 Market opportunity by geography    

                        Exhibit 82:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                   

            8.1 Market drivers 

                        8.1.1 Increasing requirements for large-scale project management

                        8.1.2 Reduction in design time

                        8.1.3 Growth of the global construction market

            8.2 Market challenges       

                        8.2.1 High implementation and operating costs

                        8.2.2 Challenges from open-source platforms

                        8.2.3 Interoperability issues

            8.3 Impact of drivers and challenges        

                        Exhibit 83:  Impact of drivers and challenges in 2021 and 2026

            8.4 Market trends  

                        8.4.1 Growth of 5D BIM

                        8.4.2 Increased adoption of open BIM

                        8.4.3 Increasing investment in intelligent processing

9. Vendor Landscape                  

            9.1 Overview          

            9.2 Vendor landscape       

                        Exhibit 84:  Overview on Criticality of inputs and Factors of differentiation

            9.3 Landscape disruption 

                        Exhibit 85:  Overview on factors of disruption

            9.4 Industry risks   

                        Exhibit 86:  Impact of key risks on business

10. Vendor Analysis                    

            10.1 Vendors covered        

                        Exhibit 87:  Vendors covered

            10.2 Market positioning of vendors          

                        Exhibit 88:  Matrix on vendor position and classification

            10.3 Asite Solutions Ltd.    

                        Exhibit 89:  Asite Solutions Ltd. - Overview

                        Exhibit 90:  Asite Solutions Ltd. - Product / Service

                        Exhibit 91:  Asite Solutions Ltd. - Key offerings

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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