Building Information Modelling Market

Building Information Modelling Market : Advent of Scalable Cloud-Based Solutions to
Accentuate Growth
The global building information modelling (BIM) market features a fairly competitive
landscape with the presence of a large number of emerging players and several
prominent players, observes Transparency Market Research (TMR). Some of the
leading players are AECOM, Bentley Systems, Incorporated, Dassault Systemes S.A.,
Autodesk, Inc., and Dish’s Wally. Some of the top emerging players are Nemetschek
Group and Synchro Software Ltd. Several players are launching scalable and
affordable BIM solutions to meet the needs of small and medium-sized enterprises
(SMEs) in order to gain a competitive edge over others.
The global building information modelling market stood at of US$2.7 bn in 2014 and
is expected to reach a valuation of US$11.5 bn by 2022. The market is projected to
rise at a significant CAGR of 19.1% from 2015 to 2022.
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North America to Emerge as Dominant Region through Forecast Period
North America held the major share in 2015 and is projected to maintain its lead
throughout the forecast period attributed to the wide adoption of integrated cloudbased solutions by the construction industry in various developed nations. The
opportunities in the regional market is expected to surge to US$4.05 bn by the end
of the forecast period.
Based on end user, the BIM market is segmented into end-users, architects,
contractors, engineers, and developers. Among these, architects constitute the major
end user segment and is projected to dominate throughout the forecast period. The
substantial demand for BIM solutions among architects is driven by rapidly
burgeoning engineering and construction projects.
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Concerted Government Support in Developing and Developed Nations to Bolster
Uptake
The demand for improving productivity and competitiveness in the
engineering, and construction industry is a key factor driving the
building information modeling. The benefit of BIM solutions to
complexity of various construction projects has led to its extensive
various developed markets such as the U.S. and the U.K.
architecture,
adoption of
simplify the
adoption in
The presence of favorable government policies in various developing and developed
nations has boosted the uptake of BIM solutions. For instance, the Government of
Russia has recently approved a roadmap for the implementation of BIM across
different stages of the life cycle of any capital facility. This will increasingly pave
way for strategic development of building information modeling solutions for
numerous civil construction projects in the nation. The demand for digitization of
construction projects among policy makers in several countries of Europe is also
expected to catalyze the growth of the building information modelling market.
Implementation of BIM Help in Better Estimation of Budgeting
The functionality of building information modelling to facilitate better collaboration
across various stakeholders in the value chain in the construction industry is expected
to boost its adoption in developed countries. In addition, the successful
implementation of BIM by contractors and architects is largely motivated by better
estimation of budgeting and the marked reduction in the maintenance cost. The
popularity of automated BIM solutions over 3D building models is driven by the need
for adoption in budget estimation, thereby accentuating the market.
The high capital investment required due for engaging the services of consulting firms
is a key factors hindering the adoption of BIM, especially among SMEs. Furthermore,
the paucity of required technical skill may impede the market to an extent.
Nevertheless, the advent of scalable and cost-effective cloud-based BIM solutions has
led an increased adoption among SMEs who have budget constrained or may lack
adequate infrastructure. This is expected to open up lucrative growth avenues for
market players in the coming years.

Building Information Modelling Market

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