Australia, New Zealand, and India Building Information Modeling (BIM) Market

Australia, New Zealand, and India Building Information Modeling (BIM) Market: India to Surge at
23.9% CAGR 2016–2024, says TMR
The Australia, New Zealand, and India building information modelling (BIM) market features a low
degree of competition owing to a low number of players, observes Transparency Market Research in a
recent report. The market features a mix of large as well as mid-level companies, but regional players
dominate, accounting for nearly 60% of the overall market. Some of the notable international firms
operating in the market, such as Dassault Systèmes SA, Autodesk Inc., Bentley Systems, Inc., and Tekla
Corporation, collectively accounted for a nearly 42% of the market in 2015.
Leading players are currently focusing on providing cloud-based building information modelling (BIM)
solutions. The rapidly rising demand for cloud-based software products is owing to their advantages
such as instantaneous connection to multiple infrastructure development sites, management of
information in real-time across the flow of supply chain, and efficient demand planning. Moreover, the
companies are entering into strategic collaborations with real estate builders and firms to promote the
benefits of BIM and henceforth increase its adoption level.
Transparency Market Research states that the Australia, New Zealand, and India BIM market will witness
a rapid rise in the introduction of cloud-based BIM solutions in the next few years. The overall market
will exhibit a remarkable 22.3% CAGR over the period between 2016 and 2024, rising from a valuation of
US$214.0 mn in 2015 to US$1,335.3 mn by 2024.
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Cloud-based BIM Solutions to See Significant Rise in Adoption
On the basis of solutions, the market is segmented into software, and professional and consultancy
services. The software segment is further divided into on-premise and cloud based building information
modelling (BIM). In 2015, the on-premise building information modelling segment accounted for
maximum share of around 87% of the revenue of the overall building information modelling (BIM)
software.
However, cloud-based building information modelling software is expected to show sustainable growth
during the forecast period due to technological advancements and cost effectiveness as compared to
on-premise BIM software solutions. In terms of geography, India accounted for around 42.6% of the
Australia, New Zealand, and India building information modelling market’s revenue in 2015. The country
is expected to remain the dominant consumer of building information modelling solutions over the
forecast period as well, exhibiting an exponential 24% CAGR over the period between 2016 and 2024.
Government Initiatives Aimed at Lifting BIM Adoption Rate to Remain Key to Market Growth
The continuous growth in BIM market during the forecasted period can be largely attributed to the
strong government initiatives to lift BIM adoption rate and rise in construction activities across all the
end-use industries in these regions. In Australia, for instance, the Australian Federal Government’s
Infrastructure, Transport and Cities Parliamentary Committee suggested in March 2016 that the use of
BIM should be made compulsory for all government funded infrastructure development projects valuing
over $50 mn. In New Zealand, the government formed the BIM Acceleration Committee in 2014 to
encourage the adoption of BIM through alliances between the government and various stakeholders in
the construction sector.

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