World Building Information Modeling (BIM) Market Is Up To Mark And Still In Process Of Developing

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World Building Information Modeling (BIM) Market
Published on 01 April, 2016 Number of pages
105 Single User Price 4740
World Building Information Modeling (BIM) Market
Market by Manufacturers, Regions, Type and
Application, Forecast to 2021
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The Global Building Information Modeling (BIM)
Market would garner a revenue of 11.7 billion by
2022, registering a CAGR of 21.6 during 2016
-2022. The Asia-Pacific region is expected to
witness an upsurge in demand owing to the
exponentially growing construction industry and
supportive government regulations for mandating
the use of BIM. Furthermore, BIM is forecast to
gain increasing adoption across various sectors
such as commercial and infrastructure
construction. The commercial and infrastructure
construction industry have been witnessing
increasing demand for automation of technical
drawings and database in the recent years.
Further, the supportive government regulations
pertaining to mandating the use of BIM in
commercial projects, booming real estate industry
and growing awareness of the benefits of BIM,
among architects and contractors, would drive its
adoption, globally. In the current scenario, BIM
has emerged as an ideal alternative to
traditional CAD software, owing to its
suitability over a variety of operational issues
such as cost management, handling raw data
information and alignment of processes associated
with construction projects. Thus, BIM is expected
to exhibit an upward growth trend across
widespread verticals.
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The commercial and infrastructure construction
industries would continue to be the leading
consumers of BIM in the future, constituting
nearly 63 of the global market by 2022.
Moreover, the infrastructure industry is expected
to grow at the fastest rate during the forecast
period. Cloud-based deployment type dominates
the market currently and is expected to grow at
the fastest CAGR during the forecast period,
owing to its cost effectiveness and easy
accessibility. Software segment constituted the
majority of market share in 2015 and would
continue its dominance over services market
during the forecast period.
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Key findings of the Building Information Modeling
(BIM) Market BIM market is expected to grow at
a remarkable rate owing to supportive government
regulations mandating the adoption of BIM
software for construction projects Software
segment would continue to dominate the overall
market with nearly three-fourth market share by
2022. Contractors segment is expected to grow
at the fastest CAGR for constructability
analysis, logistics purposes and job site
planning, among others. Cloud based deployment
mode is expected to dominate the market
throughout the forecast period owing to its
cost-effectiveness and easy availability BIM
software would find widespread applications in
commercial and infrastructure construction
projects owing to supportive government
regulations The prominent players, offering BIM
solutions across the globe include Autodesk,
Inc., Nemetschek AG and Bentley Systems, Inc.,
among others. Market participants focus on the
technological advancements in both fields, viz.,
software and services, that work in combination
with each other. These players offer customized
solutions to improve their market presence and
customer base. For instance, in the year 2015, a
leading player in BIM, Autodesk, Inc., announced
the launch of Autodesk BIM 360 Docs, which would
enable its users to categorize all files
available in various formats for effective data
management.
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Building Information Modeling (BIM), is a digital
representation of a construction project, which
can be used by architects, engineers and other
construction professionals. It helps in planning,
designing, constructing, operating and
maintaining the diverse physical infrastructure
coupled with speedy data exchange among the
involved entities.  Nowadays, this software tool
is becoming exceptionally popular among end users
owing to its lucrative advantages such as
increased return on investments (ROIs), time and
money saving. Rapidly increasing number of
construction projects globally, rising awareness
of BIM and associated benefits, and the growing
demand for automated models in architecture,
engineering and construction (AEC) industry, have
been facilitating its adoption in construction
industry, especially for commercial and
infrastructure projects. Moreover, government
mandates regarding usage of BIM in building
constructions would further boost its adoption
worldwide.  Enhanced data communication and
coordination among various stakeholders coupled
with improved construction productivity provides
a leading edge to the BIM users. However, high
cost of software and limited number of trained
professionals are hindering the market growth to
an extent. Technological advancements to manage
data at a remote server and improved user
inter-coordination enabled effectively by cloud
based solutions have created ample opportunities
for the market growth. Recently launched mobile
applications by market leaders such as Autodesk,
Inc. and Bentley Systems, Inc., to provide better
access to their services have been widely
accepted among customers, owing to their superior
advantages over traditional CAD software. BIM
encourages development of green buildings through
energy simulation and prefabrication techniques
with effective data exchange during the
development of a project, thereby propelling the
market growth.  
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World Building Information Modeling market is
segmented based on solution, software deployment
type, end user, vertical and geography. BIM has
been increasingly adopted across different
verticals encompassing commercial, residential,
institutional, industrial and infrastructure. The
adoption rate among commercial and infrastructure
is growing rapidly owing to mandates in
accordance to government regulations. BIM
software models are either delivered through
cloud or on premise modes to the customers.
Cloud-based solutions are gaining increased
popularity among customers owing to cost
effectiveness and easy access over on premise
models. Geographically, BIM market is segmented
into North America, Europe, Asia-Pacific and
Latin America, Middle East and Africa (LAMEA).
Asia-Pacific would be the fastest growing region
owing to the high adoption of BIM in countries
such as China, India and Japan. The key players
profiled in the report include Beck Technology,
Ltd., Autodesk, Inc., Dassault Systemes SA,
Trimble Navigation Ltd., Synchro Software Ltd.,
Pentagon Solutions Ltd., Bentley Systems, Inc.,
AECOM, Nemetschek AG. and Asite Solutions
Limited.KEY BENEFITS The Building Information
Modeling marketstudy provides an in-depth
analysis of the BIM market with current and
future trends to elucidate the imminent
investment pockets in the market. The Building
Information Modeling market report provides
information regarding key drivers, restraints and
opportunities with their impact analysis.
Porters five forces and SWOT analyses of key
market players in the industry have been provided
to highlight the growth strategies adopted by
them. The value chain analysis of the industry
signifies the key intermediaries involved and
elaborates their roles and value additions at
every stage in the value chain. The
quantitative analysis of the market during the
period of 2015-2022 has been provided to
elaborate the market potential.
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BUILDING INFORMATION MODELING (BIM) MARKET BY
SEGMENTS The BIM market is segmented based on
solution, software deployment type, end user,
vertical and geography. BIM Market by
Solution  Software Service BIM Software
Market by Deployment Type On premise
Cloud-based BIM Market by End User
Architect/Engineer Contractor Others
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BIM Market by Vertical Commercial
Residential Infrastructure  Institutional
Industrial BIM Market by Geography North
America Europe Asia-Pacific Latin America,
Middle East and Africa (LAMEA)
Key Players Beck Technology, Ltd. Autodesk,
Inc. Dassault Systemes SA Trimble Navigation
Ltd.  Synchro Software Ltd. Pentagon
Solutions Ltd.  Bentley Systems, Inc. 
AECOM Nemetschek AG Asite Solutions Limited
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World Building Information Modeling (BIM) Market
Market by Manufacturers, Regions, Type and
Application, Forecast to 2021
A detailed qualitative analysis of the factors
responsible for driving and restraining growth of
World Building Information Modeling (BIM) Market
Market by Manufacturers, Regions, Type and
Application, Forecast to 2021 and future
opportunities are provided in the report.
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Information Modeling (BIM) Market Report