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Building Information Modelling (BIM) Market 2017 Growth Rate Analysis, Company Profiles, Segmentation, Opportunities and Global Trends by Forecast to 2022(January 11, 2018)
Building Information Modelling Global Market Overview:
BIM or Building Information Modelling has proven to be an excellent tool for the enhancement of information communication and to reduce the costs of the project and time in the construction industry. Communication between the construction managers, engineers and various people who are associated with the project directly or indirectly, is very important and improved communication and exchange of technical information between these people through BIM has reported very high efficiency. Most countries across the globe are promoting the use of BIM for all construction projects. Governments of different countries are coming up with initiatives and BIM implementation strategies to increase the adoption of BIM in the AEC industry. The UK government is not only creating awareness but also encouraging and promoting the use of BIM, with the aim of making BIM, universal industry recognition.
Building Information Modelling (BIM) Market helps in various aspects such as Project Planning and Decision-Making Support, management support, information sharing among others. Since the adoption by any firm or organization, BIM offers cost effective solutions at very nominal capital investment. It reduces the time consumption, minimizes the cost associated with management and helps to control and reduce the waste associated with all the process. Apart from this, BIM helps the customers and clients to visualize the design which ensures better understanding. A study shows that the BIM helps to reduce the project time by 7% with higher productivity and efficiency.
Other important aspects of BIM are management support, where it serves as a tool to helps in more efficient asset and facility management and the accuracy of the model that helps to distribute important information very quickly, which makes routine maintenance, easier. Sharing of information may also include the sharing of data and models. With this, an engineer operating from another place can actively participate in the construction of a model, which helps in productivity increment.
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Market Key Players:
Autodesk (U.S.), AVEVA (U.K.), Bentley Systems, Incorporated (U.S.), GRAITEC (France), Data Design System (Norway), IES Ltd. (U.K.), 4M Building Solutions (U.S.), Nemetschek Group (Germany), and Trimble Inc., (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Building Information Modelling Market.
November 2017 – Bentley Systems, a leading software provider, has built a strategic alliance with Siemens, to introduce digitalization in their engineering models. Under this alliance, both the companies would invest to innovate the digital innovation in infrastructure thereby strengthen their market position.
November 2017 – Autodesk, a leading engineering & architectural solution provider, partnership with Dropbox, a file hosting service provider, to help users in collaborating with large design files. Under this partnership, Dropbox would offers some products such as integrated desktop app to open and save Autodesk design files on the Dropbox store without owning the Autodesk.
Building Information Modelling Global Market Competitive Analysis:
Building Information Modelling market appears to be competitive in the coming years owning to the presence of numerous large players active in regional market. Autodesk, Aveva Group, Bentley Systems, and Trimble are some of the companies leading the Building Information Modelling market globally. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
Building Information Modelling Global Market- Segmentation
The Building Information Modelling Market can be classified into 4 key segments as follows:
Segmentation by Product: Software, Service, and Project Management
Segmentation by End-User: Government, Architecture, and Engineering.
Segmentation by Industry: Residential, Commercial, Healthcare, Entertainment, Sports, Education, and others.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
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Building Information Modelling Global Market- Regional Analysis
The global building information modelling (BIM) market is estimated to grow at a promising rate in upcoming years. EMEA is the leading region among North America, and Asia-Pacific region.
Asia-Pacific is the fastest growing region which is estimated to show high growth during forecast period. Increasing technology adoption in automotive & transportation sector is the major growth driver for BIM market in Asia-Pacific region whereas the lack of technical awareness about building information modelling and lack of technical support required to deploy the software solution are the major barriers to the growth of the BIM market in Asia-Pacific region.
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