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Building Information Modeling Software Market To Grow At A CAGR Of 19.61% From 2022 To 2027|ABB Ltd., ACCA Software Spa, AECOM, Asite Solutions Ltd., And More To Emerge As Key Players- Technavio

By PR Newswire

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NEW YORK, July 20, 2023 /PRNewswire/ -- The building information modeling software market size is expected to increase by USD 6,631.73 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 19.61%, according to Technavio –The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including - ABB Ltd., ACCA software Spa, AECOM, Asite Solutions Ltd., Autodesk Inc., AVEVA Group Plc, Bentley Systems Inc., Cadsoft Corp., Dassault Systemes SE, GRAITEC Innovation SAS, Hexagon AB, Nemetschek SE, Pinnacle Infotech Inc., Plannerly, Planon Shared Services BV, Schneider Electric SE, Siemens AG, The Beck Group, Trimble Inc., and 4M SA Advanced Software Engineering Systems Download the sample Report

Building Information Modeling Software Market Insights -

  • Vendors: 15+, Including ABB Ltd., ACCA software Spa, AECOM, Asite Solutions Ltd., Autodesk Inc., AVEVA Group Plc, Bentley Systems Inc., Cadsoft Corp., Dassault Systemes SE, GRAITEC Innovation SAS, Hexagon AB, Nemetschek SE, Pinnacle Infotech Inc., Plannerly, Planon Shared Services BV, Schneider Electric SE, Siemens AG, The Beck Group, Trimble Inc., and 4M SA Advanced Software Engineering Systems, among others
  • Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
  • Segments: End-user (architects, AEC engineering offices, contractors, facility managers, and others), deployment (on-premises and cloud-based), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

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Key Drivers- The increasing requirements for large-scale project management is one of the key drivers supporting the building information modeling software market growth. Organizations are focusing on preparing and managing the resources which are important for efficient product outputs. As a result, it increases the need for efficient solutions for large-scale construction project management. The main aim of BIM solutions is to automate processes to achieve maximum outputs by managing resources and maintaining regular follow-up. Furthermore, the revenue possibilities can be rapidly increased with the help of BIM solutions by calculating conversion ratios and running reports to track the metrics. These features also decrease the operating time. The salespersons are notified about the sales leads, which makes the task easier and makes workloads lower. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends- The growth of 5D BIM is one of the major building information modeling software market trends. The 5D BIM considers more dimensions, as 3D BIM does not provide a platform for the integration of time and cost factors. In addition, the 5D BIM provides an in-house database with complete details regarding the cost and labor productivity rates and allows real-time cost estimation, which helps for easy and quick comparison with the target cost. Using 5D BIM, construction industries help end-users such as builders, contractors, engineers, and architects to overcome challenges, improve efficiency and productivity, and save time and money. Therefore, these benefits which are provided by 5D BIM, are expected to drive market growth during the forecast period.

Significant Challenges- High implementation and operating costs are the significant challenges impeding the building information modeling software market growth. Due to its high cost, small construction market architectural and engineering firms are reluctant to adopt BIM software. These software packages are presented with numerous modules that can be utilized for different applications in the BIM software market. In any case, these packages are of less use to SMEs, considering the size of the ventures. Moreover, BIM arrangements are complex and require skilled professionals to utilize the product. Most SMEs find it hard to invest in high mount in little undertakings, and they have some doubts about the return on investment. Hence, these factors are expected to restrict market growth during the forecast period.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The building information modeling software market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

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What are the key data covered in this Building Information Modeling Software Market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the building information modeling software market between 2023 and 2027
  • Precise estimation of the size of the building information modeling software market and its contribution to the market with a focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the building information modeling software market across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of building information modeling software market vendors

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Building Information Modeling Software Market Scope

Report Coverage

Details

Page number

172

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 19.61%

Market growth 2023-2027

USD 6,631.73 million

Market structure

Fragmented

YoY growth 2022-2023(%)

18.12

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key countries

US, China, Japan, UK, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Autodesk Inc., Bentley Systems Inc., Dalux Corp., Dassault Systemes SE, Glodon Co. Ltd., Hexagon AB, KUBUS B.V., MRI Software LLC, Nemetschek SE, Oracle Corp., Plannerly, Planon Shared Services BV, Procore Technologies Inc., Revizto SA, Schneider Electric SE, thinkproject Holding GmbH, Trimble Inc., Virtual Construction and Technology BIM One Inc., Asite Solutions Ltd., and Pinnacle Infotech

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market Overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
  • 5.2 Comparison by Product 
    • Exhibit 26: Chart on Comparison by Product
    • Exhibit 27: Data Table on Comparison by Product
  • 5.3 Software - Market size and forecast 2021-2026 
    • Exhibit 28: Chart on Software - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Software - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Software - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Software - Year-over-year growth 2021-2026 (%)
  • 5.4 Services - Market size and forecast 2021-2026 
    • Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Product 
    • Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026 
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026 
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026 
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026 
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026 
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 Japan - Market size and forecast 2021-2026 
    • Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.10 UK - Market size and forecast 2021-2026 
    • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.11 China - Market size and forecast 2021-2026 
    • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.12 France - Market size and forecast 2021-2026 
    • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Asite Solutions Ltd.
    • Exhibit 89: Asite Solutions Ltd. - Overview
    • Exhibit 90: Asite Solutions Ltd. - Product / Service
    • Exhibit 91: Asite Solutions Ltd. - Key offerings
  • 10.4 Autodesk Inc.
    • Exhibit 92: Autodesk Inc. - Overview
    • Exhibit 93: Autodesk Inc. - Business segments
    • Exhibit 94: Autodesk Inc. - Key news
    • Exhibit 95: Autodesk Inc. - Key offerings
    • Exhibit 96: Autodesk Inc. - Segment focus
  • 10.5 AVEVA Group Plc
    • Exhibit 97: AVEVA Group Plc - Overview
    • Exhibit 98: AVEVA Group Plc - Business segments
    • Exhibit 99: AVEVA Group Plc - Key offerings
    • Exhibit 100: AVEVA Group Plc - Segment focus
  • 10.6 Bentley Systems Inc.
    • Exhibit 101: Bentley Systems Inc. - Overview
    • Exhibit 102: Bentley Systems Inc. - Product / Service
    • Exhibit 103: Bentley Systems Inc. - Key offerings
  • 10.7 Dassault Systemes SE
    • Exhibit 104: Dassault Systemes SE - Overview
    • Exhibit 105: Dassault Systemes SE - Product / Service
    • Exhibit 106: Dassault Systemes SE - Key news
    • Exhibit 107: Dassault Systemes SE - Key offerings
  • 10.8 Hexagon AB
    • Exhibit 108: Hexagon AB - Overview
    • Exhibit 109: Hexagon AB - Business segments
    • Exhibit 110: Hexagon AB - Key news
    • Exhibit 111: Hexagon AB - Key offerings
    • Exhibit 112: Hexagon AB - Segment focus
  • 10.9 Nemetschek SE
    • Exhibit 113: Nemetschek SE - Overview
    • Exhibit 114: Nemetschek SE - Business segments
    • Exhibit 115: Nemetschek SE - Key offerings
    • Exhibit 116: Nemetschek SE - Segment focus
  • 10.10 Schneider Electric SE 
    • Exhibit 117: Schneider Electric SE - Overview
    • Exhibit 118: Schneider Electric SE - Business segments
    • Exhibit 119: Schneider Electric SE - Key news
    • Exhibit 120: Schneider Electric SE - Key offerings
    • Exhibit 121: Schneider Electric SE - Segment focus
  • 10.11 The Beck Group
    • Exhibit 122: The Beck Group - Overview
    • Exhibit 123: The Beck Group - Product / Service
    • Exhibit 124: The Beck Group - Key offerings
  • 10.12 Trimble Inc.
    • Exhibit 125: Trimble Inc. - Overview
    • Exhibit 126: Trimble Inc. - Business segments
    • Exhibit 127: Trimble Inc. - Key offerings
    • Exhibit 128: Trimble Inc. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 129: Inclusions checklist
    • Exhibit 130: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 131: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 132: Research methodology
    • Exhibit 133: Validation techniques employed for market sizing
    • Exhibit 134: Information sources
  • 11.5 List of abbreviations
    • Exhibit 135: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: media@technavio.com

Website: www.technavio.com

SOURCE Technavio

First published on Fri, Jul 21, 2023

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