Global Building Information Modeling Market Insights Forecasts to 2032

• The Building Information Modeling Market Size was valued at USD 6.57 Billion in 2022.
• The Market is growing at a CAGR of 12.4% from 2023 to 2032
• The Worldwide building information modeling market is expected to reach USD 21.15 Billion by 2032
• Asia-Pacific is expected to grow the fastest during the forecast period

The global building information modeling market is expected to reach USD 21.15 Billion by 2032, at a CAGR of 12.4% during the forecast period 2023 to 2032.

Market Overview

Building Information Modeling (BIM) is a digital approach used in the architecture, engineering, and construction industry to create and manage a central, shared model that contains all relevant information about a building project. This model includes 3D geometric and non-geometric data, such as building components, materials, properties, and performance characteristics, as well as scheduling, cost estimating, and sustainability analysis. BIM allows stakeholders to collaborate and make informed decisions throughout the entire project lifecycle, resulting in improved efficiency, reduced errors, and enhanced coordination. With its ability to support interdisciplinary coordination and clash detection, BIM has become a valuable tool for AEC professionals in streamlining project delivery and improving overall project outcomes.

Report Coverage

This research report categorizes the market for building information modeling market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the building information modeling market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the building information modeling market.

Driving Factors

The drivers of the Building Information Modeling (BIM) market include increasing demand for efficient and sustainable building construction processes, growing adoption of BIM for facility management and maintenance, stricter regulations for building safety and environmental standards, the need for improved collaboration and communication among project stakeholders, cost and time savings achieved through BIM implementation, and advancements in technology such as cloud computing and artificial intelligence that enhance the capabilities of BIM. Additionally, the growing trend of urbanization and infrastructure development, along with the benefits of BIM in reducing rework, errors, and delays, are driving the adoption of BIM across the architecture, engineering, and construction (AEC) industry globally.

Restraining Factors

The restraints of the Building Information Modeling (BIM) market include the high initial cost of implementing BIM software and training personnel, lack of skilled professionals proficient in BIM, interoperability challenges and data exchange issues among different BIM software and tools, resistance to change and adoption of new technologies in traditional construction workflows, limited awareness and understanding of BIM among smaller AEC firms, and potential legal and contractual challenges associated with liability and intellectual property concerns. Additionally, the complexity and learning curve of BIM implementation, especially for smaller projects, and the need for robust IT infrastructure and cybersecurity measures to protect BIM data pose challenges for the widespread adoption of BIM in the AEC industry.

Market Segmentation

• In 2022, the on-premises deployment segment accounted for around 52.3% market share

On the basis of the deployment type, the global building information modeling market is segmented into on-premises deployment and cloud deployment. The on-premises deployment segment is dominating the market with the largest market share in 2022. This segment refers to BIM software that is installed and operated on the client's own servers or data centers, providing greater control over data and security. On-premises deployment is preferred by many companies due to its perceived data security advantages and compliance requirements. Additionally, some organizations may have limitations in using cloud-based solutions due to regulatory or contractual constraints. As a result, the on-premises deployment segment continues to be a dominant choice for BIM software implementation, especially in industries where data security and compliance are critical considerations.

• In 2022, the AEC professionals segment dominated with around 42.7% market share

Based on the end-use, the global building information modeling market is segmented into AEC professionals, consultants & facility managers, and others. Out of this, the Gps smart mobility segment is dominating the market with the largest market share in 2022. AEC professionals, including architects, engineers, contractors, and construction managers, are the primary users of BIM software for designing, constructing, and managing building projects. BIM provides collaborative and data-driven capabilities that enhance project coordination, reduce rework, and improve decision-making. The growing adoption of digital construction practices and the need for increased efficiency and productivity in the AEC industry has contributed to the dominance of the AEC professional segments in the BIM market.

Regional Segment Analysis of the Building Information Modeling Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America dominated the market with more than 43.5% revenue share in 2022.

Based on region, North America is a dominant player in the Building Information Modeling (BIM) market due to its mature and advanced construction industry, strict building regulations, and high level of technological innovation. The region is known for significant investments in infrastructure projects, leading to a strong demand for BIM solutions for efficient project management and coordination. Additionally, the region's focus on sustainability and energy-efficient buildings further drives the adoption of BIM. Many key BIM software and service providers are headquartered in North America, contributing to its dominant market position. Furthermore, government initiatives, funding support, and a skilled workforce in the region further bolster the widespread adoption of BIM, making North America a leader in the BIM market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global building information modeling market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Companies:

• Autodesk Inc.
• Bentley Systems, Inc.
• Trimble Inc.
• Nemetschek SE
• Dassault Systèmes SE
• Hexagon AB
• PlanGrid Inc.
• Procore Technologies Inc.
• Asite Ltd.
• AVEVA Group plc
• Graphisoft SE
• Bluebeam Inc.
• Newforma LLC
• Viewpoint Inc.
• Archidata Inc.
• RIB Software SE
• Innovaya LLC
• Thinkproject AG

Key Target Audience

• Market Players
• Investors
• End-Users
• Government Authorities 
• Consulting and Research Firm
• Venture Capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2022, Bentley has unveiled enhanced capabilities for its iTwin Platform, which greatly broaden the range and interoperability of infrastructure data available for engineering firms and owner-operators to utilize in creating and leveraging digital twins in design, construction, and operations workflows. These new features of the iTwin Platform will serve as the backbone of Bentley Infrastructure Cloud, a comprehensive suite of solutions that encompass the entire infrastructure lifecycle and value chain, including ProjectWise, SYNCHR, and iTwin Platform. This expansion of the iTwin Platform's capabilities empowers users with advanced tools for managing and collaborating on data, enabling more streamlined and efficient workflows throughout the entire infrastructure industry.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global building information modeling market based on the below-mentioned segments:

Building Information Modeling Market, By Deployment Type

• On-Premises Deployment
• Cloud Deployment

Building Information Modeling Market, By Application

• Industrial
• Civil Infrastructure
• Oil & Gas
• Utilities
• Others

Building Information Modeling Market, By Offering Type

• Software
• Services

Building Information Modeling Market, By End-Use

• AEC Professionals
• Consultants & Facility Managers
• Others

Building Information Modeling Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa