Building Information Modeling Market Trends, Size 2031

Segments - Global Building Information Modeling Market by Solution Types (Services and Software), Applications (Residential, Commercial, Industrial, and Others), End-users (Architects, Contractors, Facilities Manager, and Others), and Regions (North America, Asia Pacific, South America, Middle East and Africa, and Europe)- Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

Building Information Modeling Market Outlook 2031

The global building information modeling market size was valued at USD 6.95 billion in 2022 and is expected to reach USD 22.07 Billion by 2031 expand at a significant CAGR 13.7% during the forecast period, 2023-2031. The growth of market is attributed to growing population across the globe, rising demand for the residential segment, and favorable government rules and regulation.

From the past few years, the architecture and modeling domain has witnessed an inclination towards building information modeling (BIM) owing to the occurrence of computer software’s, several companies are taking an advantage of MINs to optimize their operations in residential structure design, which offers a feasible growth opportunity for the BIM market.

Technological advancement in digital design tools such as automated fabrication, computer monitored connectedness, advance digital design tools, and inter-connectedness has unlocked a new vertical for the designs and build process.

Due to its several different advantages over the existing tools the building information modeling (BIM) have observed a significant adoption rate in sectors such as CAD system and paper-based design & modeling. BIM’s major function is to facilitates the user to create precise, accurate geometrical virtual model with all the details and structure that are associated in the buildings or infrastructures formation.

The COVID-19 outbreak has adversely affected the construction and building sector. Challenge the industries has to face such as use of limited manpower due to restrict movement and social distancing protocols, plants, machinery, material are most likely act as obstruction between the segments growth. Furthermore, the fluctuation of construction prices along with lack of skilled labor act as a hindrance for industry growth.

Building Information Modeling Market Trends, Drivers, Restraints, and Opportunities

Increasing disposable income of the population, thus escalating the demand for residential sector is estimated to boost the market in the coming years.
Government across the globe providing incentives is expected to propel the market during the forecast period.
R&D and technological advancement in designing tools such as automated fabrication, inter-connectedness and more, unlocks new horizon of build and design process within the architecting domain which offer immense opportunities for the key players in the market.
Disruption in supply chain, limited workforce, shortage of raw materials due to COVID pandemic and limited movement protocol by the government act as one of the factors that hampers the market.
Increasing cost of construction act as another factor which can impede the market expansion in the coming years.
Lack of skilled professional and labor fees possesses a challenge that hampers the market growth.

Scope of the Building Information Modeling Market

The report on global building information modeling market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Building information modeling Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Solution Types (Services and Software), Applications (Residential, Commercial, Industrial, and Others), End-Users (Architects, Contractors, Facilities Manager, and Others)
Regional Scope	North America, Asia Pacific, Latin America, Middle East & Africa, and Europe
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Bentley Systems Inc; Autodesk Inc; Dassault Systemes SA; Hexagon AB; Trimble Inc.

Building Information Modeling Market Segment Insights

The software segment is expected to exhibit high CAGR

Based on the solution types, the market is bifurcated into services and software. The software segment is expected to exhibit high CAGR in the coming years due to surging demand for digital tools in AEC sector. The BIM object offers 3D CAD drawing with more operational use and is user-friendly, with the rising demand for services such as virtualization, consultation, and cost planning is most likely to drive the market.

The commercial segment is estimated to hold major share of the market

On the basis of applications, the market is fragmented into residential, commercial, industrial, and others. The commercial segment is estimated to hold major share of the market during the forecast period owing to increasing construction activities and rapid adoption of BIM software for better operational efficiency, increasing user awareness and segment majorly uses BIM software for development of smart cities and offices globally.

Building Information Modeling Market Applications

The architects segment is anticipated to constitutes a large share of the market

Based on end-users, the market is categorized into architects, contractors, facilities manager, and others. The architect segment is anticipated to constitutes a large share of the market during the projected period. The software offers designers and builders to understand the probable risk factors of the projects in much advance.

However, the contractor segment is expected to grow at a rapid pace owing to the beneficial factor of the software which offers them the real-time insight on how they can reduce the cost of construction.

Building Information Modeling Market End Users

North America is expected to dominate the market

In the term of regions, the market is divided into North America, Asia Pacific, Latin America, Middle East & Africa, and Europe. North America is expected to dominate the market in the coming years owing to increasing urbanization and government investments on offering lucrative opportunities for companies’ expertise in advanced technological achievements, rapid adoption of 3D modeling into construction industry, and owing to its massive data storage for built environment act as a valuable tool for the construction sector.

Building Information Modeling Market Regions

Segments

The global building information modeling market has been bifurcated on the basis of

Solution types

Services
Software

Applications

Residential
Commercial
Industrial
Others

End Users

Architects
Contractors
Facilities Manager
Others

Regions

North America
Asia Pacific
Europe
Latin America
Middle East & Africa

Key players

Bentley Systems Inc
Autodesk Inc
Dassault Systemes SA
Hexagon AB
Trimble Inc.

Competitive Landscape

Key players competing in the global building information modeling market include Bentley Systems Inc; Autodesk Inc; Dassault Systemes SA; Hexagon AB; Trimble Inc.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Building Information Modeling Market key players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Building Information Modeling Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Building Information Modeling Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Building Information Modeling Market - Supply Chain
  4.5. Global Building Information Modeling Market Forecast
     4.5.1. Building Information Modeling Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Building Information Modeling Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Building Information Modeling Market Absolute $ Opportunity
5. Global Building Information Modeling Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Building Information Modeling Market Size and Volume Forecast by Applications
     5.3.1. Residential
     5.3.2. Commercial
     5.3.3. Industrial
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Building Information Modeling Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Building Information Modeling Market Size and Volume Forecast by End Users
     6.3.1. Architects
     6.3.2. Contractors
     6.3.3. Facilities Manager
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Building Information Modeling Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Building Information Modeling Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Building Information Modeling Demand Share Forecast, 2019-2026
8. North America Building Information Modeling Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Building Information Modeling Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Building Information Modeling Market Size and Volume Forecast by Applications
     8.4.1. Residential
     8.4.2. Commercial
     8.4.3. Industrial
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Building Information Modeling Market Size and Volume Forecast by End Users
     8.7.1. Architects
     8.7.2. Contractors
     8.7.3. Facilities Manager
     8.7.4. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Building Information Modeling Demand Share Forecast, 2019-2026
9. Latin America Building Information Modeling Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Building Information Modeling Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Building Information Modeling Market Size and Volume Forecast by Applications
     9.4.1. Residential
     9.4.2. Commercial
     9.4.3. Industrial
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Building Information Modeling Market Size and Volume Forecast by End Users
     9.7.1. Architects
     9.7.2. Contractors
     9.7.3. Facilities Manager
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Building Information Modeling Demand Share Forecast, 2019-2026
10. Europe Building Information Modeling Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Building Information Modeling Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Building Information Modeling Market Size and Volume Forecast by Applications
     10.4.1. Residential
     10.4.2. Commercial
     10.4.3. Industrial
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Building Information Modeling Market Size and Volume Forecast by End Users
     10.7.1. Architects
     10.7.2. Contractors
     10.7.3. Facilities Manager
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Building Information Modeling Demand Share Forecast, 2019-2026
11. Asia Pacific Building Information Modeling Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Building Information Modeling Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Building Information Modeling Market Size and Volume Forecast by Applications
     11.4.1. Residential
     11.4.2. Commercial
     11.4.3. Industrial
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Building Information Modeling Market Size and Volume Forecast by End Users
     11.7.1. Architects
     11.7.2. Contractors
     11.7.3. Facilities Manager
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Building Information Modeling Demand Share Forecast, 2019-2026
12. Middle East & Africa Building Information Modeling Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Building Information Modeling Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Building Information Modeling Market Size and Volume Forecast by Applications
     12.4.1. Residential
     12.4.2. Commercial
     12.4.3. Industrial
     12.4.4. Others
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Building Information Modeling Market Size and Volume Forecast by End Users
     12.7.1. Architects
     12.7.2. Contractors
     12.7.3. Facilities Manager
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Building Information Modeling Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Building Information Modeling Market: Market Share Analysis
  13.2. Building Information Modeling Distributors and Customers
  13.3. Building Information Modeling Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Bentley Systems Inc
     13.4.2. Autodesk Inc
     13.4.3. Dassault Systemes SA
     13.4.4. Hexagon AB
     13.4.5. Trimble Inc.