Global Building Information Modeling (BIM) Market 2020 Size, Growth Drivers, Share, COVID-19 Impact Analysis, Future Trends and Forecast to 2024

The Research Report on Global Building Information Modeling (BIM) Market Covers Industry Financial Overview, Business Strategy, Types, Applications and Key Players.

Global Building Information Modeling (BIM) Market is expected to witness tremendous end-user adoption backed by large scale adoption across architecture, engineering and construction verticals. BIM helps in designing and replicating virtual models of a building aided by digital construction to have a clear understanding of the potential loopholes in design and construction. BIM (building information modeling) is highly integral and has been aiding AEC achieve operational efficiency, improve delivery and throughput besides minimizing chances of human errors. Optimistic infrastructure development growth projections are likely to amplify reliance on BIM in the coming years.

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Infrastructure development has been gaining tremendous absorption across emerging nations such as India where infrastructure betterment is gaining traction owing to government backing. This is likely to suffice greater adoption rates of BIM in foreseeable future.

Scope of the Report:

The report titled “Global Building Information modelling (BIM) Market: Size and Forecasts with Impact Analysis of Covid-19 (2020-2024 Edition)”, provides an in-depth analysis of the global BIM market by value and segments. The report also provides an analysis of the BIM market at the regional level, covering the regions of America, Europe and Asia Pacific.

Growth of the overall global BIM market has also been forecasted for the period 2020-2024 taking into consideration the previous growth patterns, the growth drivers and the current and future trends. The competition in the global BIM market is fragmented with several small players, but there are two prominent big players, Autodesk, Inc. and Nemetschek. Further, key players of the BIM market Nemetschek, Autodesk, Inc., Bentley Systems Incorporation and Trimble Navigation Limited are profiled with their business overview, financial overview and respective business strategies.

Country Coverage:

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Company Coverage:
Autodesk, Inc.
Bentley Systems Incorporation
Trimble Navigation Limited

Executive Summary:

The global BIM market has increased over the years and is expected to grow significantly during the years 2020-2024. The global BIM market is expected to increase due to rising expenditure and investment in construction industry both residential and non-residential, increasing digitization in construction sector, growing IT investment in construction and increasing governmental adoption of BIM by several nations. Yet the market faces some challenges, such as lack of definite regulation, lack of expertise in BIM and high costs, resistance to change on part of construction managers/contractors, social obstacles and problems of interoperability.

Integration of BIM with Internet of Things (IoT) technology, scope of Augmented and Virtual reality in the BIM market, evolution of 5D BIM and spike in mergers and acquisitions (M&A) activity are some of the latest trends existing in the market. Covid-19 has led to delay or halting of various construction projects and this in turn is creating headwinds for BIM adoption in 2020.

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Table of Content:
1. Executive Summary

2. Introduction

2.1 Engineering Software: An Overview
2.2 Construction Software: An Overview
2.2.1 Types of Software in Construction Project Management (CPM)
2.3 Building Information Modeling (BIM): An Overview
2.3.1 Uses of BIM throughout a Building Lifecycle
2.3.2 BIM- from Hierarchy to Collaboration
2.3.3 Benefits of BIM
2.3.4 BIM Segmentation
2.3.5 BIM Tools

3. Global Market Analysis
3.1 Global BIM Market: An Analysis
3..1 Global BIM Market by Value

3.2 Global BIM Market: Segment (Type of Solution) Analysis
3.2.1 Global BIM Market by Segments (Type of Solution)
3.2.2 Global BIM Software Segment by Value
3.2.3 Global BIM Project Management and BIM Training Segment by Value
3.3 Global BIM Market: Regional Analysis

4. Regional Market Analysis
4.1 America BIM Market: An Analysis
4.1.1 America BIM Market by Value
4.2 Europe BIM Market: An Analysis
4.2.1 Europe BIM Market by Value
4.2.2 UK BIM Market by Adoption Rate
4.3 Asia Pacific BIM Market: An Analysis
4.3.1 Asia Pacific BIM Market by Value
4.3.2 Asia Pacific BIM Market by Countries
4.3.3 Australia, New Zealand and India BIM Market by Value

5. Impact of Covid-19
5.1 Impact on Global BIM Market
5.1.1 Acceleration in Adoption of Digital Tools in Construction Industry
5.1.2 Utility of BIM in Covid-19
5.1.3 Impact on India BIM Market

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Release ID: 88983272