BIM 2018-2026 market predictions - Revision history

Designing Buildings at 07:21, 22 March 2021

2021-03-22T07:21:49Z

← Older revision		Revision as of 07:21, 22 March 2021
Line 1:		Line 1:
	= Introduction =		= Introduction =

−	In 2020, rising awareness of benefits of information modelling for buildings, especially across construction sector, saw traction in demand for BIM software solutions and services. ~~Favorable~~ changes, such as policy ~~updated by~~ the Government for ~~time bound~~ transition to Level 2 BIM and subsequently Level 3 BIM has seen larger construction companies implementing ~~the same~~ as part of their business strategy, with penetration reaching close to 70%.	+	In 2020, rising awareness of the benefits of information modelling for buildings, especially across the construction sector, saw traction in demand for BIM software solutions and services. Favourable changes, such as the policy of the UK Government for a transition to Level 2 BIM and subsequently Level 3 BIM has seen larger construction companies implementing this as part of their business strategy, with penetration reaching close to 70%.

	= Market segments =		= Market segments =

−	The BIM market is facing ~~certain~~ challenges ~~owing~~ to the high cost of software and frequent requirement for ~~software~~ upgrades. Moreover, the lack of trained expertise ~~in the field~~ is a major ~~restraint for~~ the BIM market. Because it is an expensive tool, the adoption rate of BIM has been low among the AEC SMEs.	+	The BIM market is facing challenges due to the high cost of software and frequent requirement for upgrades. Moreover, the lack of trained expertise is a major constraint on the BIM market. Because it is an expensive tool, the adoption rate of BIM has been low among the AEC SMEs.

−	The adoption of BIM in 2020 was dominated by ~~the~~ architects, followed by engineers. However, contractors are expected to be the major users of BIM over the forecast period, with their presence expanding at a CAGR of higher than global average ~~during the forecast period~~.	+	The adoption of BIM in 2020 was dominated by architects, followed by engineers. However, contractors are expected to be the major users of BIM over the forecast period, with their presence expanding at a CAGR higher than global average.

	= Cloud-based adoption =		= Cloud-based adoption =
Line 19:		Line 19:
	A number of end use industries are making use of BIM solutions in their infrastructural development. These include water and waste water; bridges, roads, and highways; rail transit and aviation; energy generation facilities, houses and apartments; education institutes and commercial spaces; government buildings; factories and warehouses; dams and others.		A number of end use industries are making use of BIM solutions in their infrastructural development. These include water and waste water; bridges, roads, and highways; rail transit and aviation; energy generation facilities, houses and apartments; education institutes and commercial spaces; government buildings; factories and warehouses; dams and others.

−	The rail transit and aviation sector and educational institutes and commercial spaces ~~segment~~ are ~~analysed to emerge as~~ most lucrative segments, accounting for highest opportunity share.	+	The rail transit and aviation sector and educational institutes and commercial spaces are the most lucrative segments, accounting for highest opportunity share.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor at 16:46, 11 March 2021

2021-03-11T16:46:53Z

← Older revision		Revision as of 16:46, 11 March 2021
Line 1:		Line 1:
−	Rise in awareness of benefits of information modelling for buildings, especially across construction sector, has seen significant traction in demand for BIM software solutions and services. Favorable changes, such as policy updated by UK government for time bound transition to Level 2 BIM and subsequently Level 3 BIM, has seen larger construction companies implementing the same as part of their business strategy, with penetration reaching close to 70%.	+	= Introduction =

−	~~Building~~ information ~~modeling (BIM) is considered to be beneficial and technically advanced tool in the architecture~~, ~~engineering~~, and ~~construction (AEC) industry~~. ~~BIM is a designing tool used to visualize the design aspects of buildings in 3D. Apart from 3D visualization, BIM also helps in attaining estimates of various other factors~~, such as ~~cost implementation,~~ time ~~requirement, labor requirement, raw material provision,~~ and ~~other key prerequisites in~~ the ~~construction industry. Management~~ of ~~the entire construction lifecycle can be simulated by BIM efficiently~~.	+	In 2020, rising awareness of benefits of information modelling for buildings, especially across construction sector, saw traction in demand for BIM software solutions and services. Favorable changes, such as policy updated by the Government for time bound transition to Level 2 BIM and subsequently Level 3 BIM has seen larger construction companies implementing the same as part of their business strategy, with penetration reaching close to 70%.

−	With a rise in construction activities around the globe, the market for BIM has expanded greatly. Major factors driving the growth of BIM market are desires for increased efficiency, long-term estimation of the project, and augmented workflow. Furthermore, government regulatory bodies undertaking construction activities are taking initiatives to raise the adoption of BIM in their respective countries. A large number of AEC small and medium enterprises (SMEs) have started adopting BIM, which has indirectly boosted the BIM consultancy service segment.	+	= Market segments =

−	The BIM market is facing certain challenges owing to the high cost of software and frequent requirement for software upgrades. Moreover, the lack of trained expertise in the field is a major restraint for the BIM market. Because it is an expensive tool, the adoption rate of BIM ~~is quite~~ low among the AEC ~~SME s~~.	+	The BIM market is facing certain challenges owing to the high cost of software and frequent requirement for software upgrades. Moreover, the lack of trained expertise in the field is a major restraint for the BIM market. Because it is an expensive tool, the adoption rate of BIM has been low among the AEC SMEs.

−	The BIM ~~market is segmented on~~ the ~~basis of solution types~~, ~~end-users, end-use industry, and geography~~. ~~Segmentation based on solution type includes software and consultancy services. BIM software market is further segmented~~, ~~by deployment type, into on-premise and cloud-based software types. The adoption~~ of BIM ~~is expected to expand~~ over the forecast period ~~due to~~ a ~~rise in the number~~ of ~~cloud-based services. Cloud-based software is~~ the ~~fastest-growing segment in the BIM software market; this growth is attributed to the high cost of on-premise software deployment and large-scale adoption of BIM by AEC SMEs~~.	+	The adoption of BIM in 2020 was dominated by the architects, followed by engineers. However, contractors are expected to be the major users of BIM over the forecast period, with their presence expanding at a CAGR of higher than global average during the forecast period.

−	~~Architects, engineers, contractors, and developers are among the major end~~-~~users and contributors toward BIM revenue generation. The~~ adoption of BIM in 2020 was dominated by the architects, followed by engineers. However, contractors are expected to be the major users of BIM over the forecast period, with their presence expanding at a CAGR of higher than global average during the forecast period.	+	= Cloud-based adoption =

−	~~Number~~ of end use ~~industries are making use of BIM solutions in their infrastructural development~~. ~~These include water~~ and waste water; bridges, roads, and highways; rail transit and aviation; energy generation facilities, houses and apartments; education institutes and commercial spaces; government buildings; factories and warehouses; dams; and others. The ~~rail transit~~ and ~~aviation sector and educational institutes and commercial spaces segment are analyzed to emerge as most lucrative segments, accounting for highest opportunity share~~.	+	The BIM market is segmented on the basis of solution types: end-users, end-use industry and geography. Segmentation based on solution type includes software and consultancy services. The BIM software market is further segmented by deployment type into on-premise and cloud-based software types.

−	The ~~global~~ BIM ~~market, based on geography,~~ is ~~segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Geographically, North America and Europe are the largest market for BIM and~~ expected to ~~maintain their dominant position throughout~~ the forecast period. ~~However, Asia Pacific~~ is ~~expected to witness~~ the fastest ~~growth during~~ the ~~forecast period. China, India, Japan, Australia, and South Korea are among the major markets for~~ BIM ~~in this region~~. ~~The global BIM market, in~~ the ~~current situation, shows the presence~~ of key players including Autodesk Inc., Bentley Systems Inc., AECOM, Trimble Inc., GRAITEC, Dassault Systemes SA, Nemetschek AG (Vectorworks, Inc), Tekla Corporation, Synchro Software Ltd., Pentagon Solutions Ltd., and Beck Technology Ltd.	+	The adoption of BIM is expected to expand over the forecast period due to a rise in the number of cloud-based services. Cloud-based software is the fastest-growing segment in the BIM software market. This growth is attributed to the high cost of on-premise software deployment.

−	~~Get More Information About Building Information Modelling@~~	+	= Industry-specific adoption =

−	~~[https://www~~.~~transparencymarketresearch~~.~~com/building-information-modeling-market.html https://www.transparencymarketresearch.com/building-information-modeling-market.html]~~	+	A number of end use industries are making use of BIM solutions in their infrastructural development. These include water and waste water; bridges, roads, and highways; rail transit and aviation; energy generation facilities, houses and apartments; education institutes and commercial spaces; government buildings; factories and warehouses; dams and others.

−	[[Category:~~Publications_~~/~~_reports~~]]	+	The rail transit and aviation sector and educational institutes and commercial spaces segment are analysed to emerge as most lucrative segments, accounting for highest opportunity share.
		+
		+	= Related articles on Designing Buildings Wiki =
		+
		+	* BIM articles.
		+	* BIM level 2.
		+	* BIM resources.
		+	* Building information modelling BIM.
		+	* Cloud computing and BIM for the construction industry.
		+	* Global BIM market.
		+	* Level 3 BIM.
		+
		+	[[Category:DCN_News]] [[Category:DCN_Product_Knowledge]] [[Category:DCN_Software]] [[Category:News]] [[Category:BIM]] [[Category:Products_/_components]]

Editor: moved Global Building Information Modelling (BIM) Extraction Software Market to Expand at a CAGR of 10.1% over 2018-2026 as Constructions Industry Develops to BIM 2018-2026 market predictions

2021-03-11T16:31:58Z

moved Global Building Information Modelling (BIM) Extraction Software Market to Expand at a CAGR of 10.1% over 2018-2026 as Constructions Industry Develops to BIM 2018-2026 market predictions

← Older revision

Revision as of 16:31, 11 March 2021

Akashy: Created page with "Rise in awareness of benefits of information modelling for buildings, especially across construction sector, has seen significant traction in demand for BIM software solutions an..."

2020-12-04T04:17:50Z

Created page with "Rise in awareness of benefits of information modelling for buildings, especially across construction sector, has seen significant traction in demand for BIM software solutions an..."

New page

Rise in awareness of benefits of information modelling for buildings, especially across construction sector, has seen significant traction in demand for BIM software solutions and services. Favorable changes, such as policy updated by UK government for time bound transition to Level 2 BIM and subsequently Level 3 BIM, has seen larger construction companies implementing the same as part of their business strategy, with penetration reaching close to 70%.

Building information modeling (BIM) is considered to be beneficial and technically advanced tool in the architecture, engineering, and construction (AEC) industry. BIM is a designing tool used to visualize the design aspects of buildings in 3D. Apart from 3D visualization, BIM also helps in attaining estimates of various other factors, such as cost implementation, time requirement, labor requirement, raw material provision, and other key prerequisites in the construction industry. Management of the entire construction lifecycle can be simulated by BIM efficiently.

With a rise in construction activities around the globe, the market for BIM has expanded greatly. Major factors driving the growth of BIM market are desires for increased efficiency, long-term estimation of the project, and augmented workflow. Furthermore, government regulatory bodies undertaking construction activities are taking initiatives to raise the adoption of BIM in their respective countries. A large number of AEC small and medium enterprises (SMEs) have started adopting BIM, which has indirectly boosted the BIM consultancy service segment.

The BIM market is facing certain challenges owing to the high cost of software and frequent requirement for software upgrades. Moreover, the lack of trained expertise in the field is a major restraint for the BIM market. Because it is an expensive tool, the adoption rate of BIM is quite low among the AEC SME s.

The BIM market is segmented on the basis of solution types, end-users, end-use industry, and geography. Segmentation based on solution type includes software and consultancy services. BIM software market is further segmented, by deployment type, into on-premise and cloud-based software types. The adoption of BIM is expected to expand over the forecast period due to a rise in the number of cloud-based services. Cloud-based software is the fastest-growing segment in the BIM software market; this growth is attributed to the high cost of on-premise software deployment and large-scale adoption of BIM by AEC SMEs.

Architects, engineers, contractors, and developers are among the major end-users and contributors toward BIM revenue generation. The adoption of BIM in 2020 was dominated by the architects, followed by engineers. However, contractors are expected to be the major users of BIM over the forecast period, with their presence expanding at a CAGR of higher than global average during the forecast period.

Number of end use industries are making use of BIM solutions in their infrastructural development. These include water and waste water; bridges, roads, and highways; rail transit and aviation; energy generation facilities, houses and apartments; education institutes and commercial spaces; government buildings; factories and warehouses; dams; and others. The rail transit and aviation sector and educational institutes and commercial spaces segment are analyzed to emerge as most lucrative segments, accounting for highest opportunity share.

The global BIM market, based on geography, is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Geographically, North America and Europe are the largest market for BIM and expected to maintain their dominant position throughout the forecast period. However, Asia Pacific is expected to witness the fastest growth during the forecast period. China, India, Japan, Australia, and South Korea are among the major markets for BIM in this region. The global BIM market, in the current situation, shows the presence of key players including Autodesk Inc., Bentley Systems Inc., AECOM, Trimble Inc., GRAITEC, Dassault Systemes SA, Nemetschek AG (Vectorworks, Inc), Tekla Corporation, Synchro Software Ltd., Pentagon Solutions Ltd., and Beck Technology Ltd.

Get More Information About Building Information Modelling@

[https://www.transparencymarketresearch.com/building-information-modeling-market.html https://www.transparencymarketresearch.com/building-information-modeling-market.html]

[[Category:Publications_/_reports]]