BIM market revenue by 2024 - Revision history

Designing Buildings at 07:14, 26 November 2020

2020-11-26T07:14:08Z

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	* Why BIM will carry on booming.		* Why BIM will carry on booming.

−	[[Category:Articles_needing_more_work]] [[Category:~~Publications_/_reports~~]] [[Category:News]] [[Category:~~DCN_News~~]] [[Category:Construction_management]] [[Category:Construction_techniques]]	+	[[Category:Articles_needing_more_work]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:News]] [[Category:Publications_/_reports]] [[Category:Construction_management]] [[Category:Construction_techniques]]

147.8.9.49 at 07:26, 10 June 2018

2018-06-10T07:26:45Z

← Older revision		Revision as of 07:26, 10 June 2018
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	* Why BIM will carry on booming.		* Why BIM will carry on booming.

−	[[Category:Publications_/_reports]] [[Category:News]] [[Category:Construction_management]] [[Category:Construction_techniques]]	+	[[Category:Articles_needing_more_work]] [[Category:Publications_/_reports]] [[Category:News]] [[Category:DCN_News]] [[Category:Construction_management]] [[Category:Construction_techniques]]

Designing Buildings at 12:28, 3 January 2018

2018-01-03T12:28:46Z

← Older revision		Revision as of 12:28, 3 January 2018
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	The European market is expected to account for the second largest share during the forecast period. The commercial segment is the largest application area for BIM in Europe, and is expected to grow at the CAGR of 24.4% during the forecast period; however, infrastructure is expected to witness the fastest growth.		The European market is expected to account for the second largest share during the forecast period. The commercial segment is the largest application area for BIM in Europe, and is expected to grow at the CAGR of 24.4% during the forecast period; however, infrastructure is expected to witness the fastest growth.

−	~~There would be a significant rise in the market for the commercial application between 2015 and 2024. The growth~~ of the BIM market for commercial application is attributed to the fact that building information modelling provides digital prototyping analysis and simulation, hence shortening the construction period while consistently improving productivity and reducing risks associated with construction projects in the commercial building sector.	+	Key findings of the report include:

−	~~Key findings~~ of the BIM market ~~report:~~	+	* The market is expected to grow at a remarkable rate due to government initiatives mandating the adoption of BIM software for construction projects.
		+	* The software segment will continue to lead the global BIM market with more than 70% of the total market share.
		+	* The infrastructure segment is expected to grow at the fastest CAGR of 25.2% during the forecast period.
		+	* The cloud-based deployment model is expected to lead the market throughout the forecast period as a result of its cost-effectiveness and easy availability.

−	* BIM market is expected to grow at a ~~remarkable rate owing to supportive government initiatives for mandating the adoption of~~ BIM software ~~for construction projects~~.	+	In June 2016, Autodesk inc., a major BIM software provider acquired CadSoft Computer GmbH, a Germany based computer-aided design software developing company. This strategic move will help the company to grow more in the field of software development and enhance its existing technology.
−	* Software segment would continue to lead the ~~global BIM market with more than 70% of the total market share.~~	+
−	* Infrastructure segment is expected to grow at the ~~fastest CAGR of 25.2% during the forecast period.~~	+
−	* Cloud-based deployment model is expected to lead the market throughout the forecast period as a result of its ~~cost-effectiveness and easy availability~~.	+

−	In June 2016, Autodesk inc., a major BIM software provider company acquired CadSoft Computer GmbH, a Germany based computer-aided design software developing company. This strategic move will help the company to grow more in the field of software development and enhance its existing technology.	+	Key players in the market include Autodesk, Inc., Trimble Navigation Ltd, Nemetschek AG, Synchro Software Ltd., Bently Systems Inc., Dassault Systemes, Asite Solutions Ltd, Pentagon Solutions Ltd., AECOM.,Beck Technology, Ltd.
−		+
−	Key players of the ~~BIM~~ market ~~in the report~~ include Autodesk, Inc., Trimble Navigation Ltd, Nemetschek AG, Synchro Software Ltd., Bently Systems Inc., Dassault Systemes, Asite Solutions Ltd, Pentagon Solutions Ltd., AECOM.,Beck Technology, Ltd.	+

	= Find out more =		= Find out more =

Designing Buildings at 12:26, 3 January 2018

2018-01-03T12:26:19Z

← Older revision		Revision as of 12:26, 3 January 2018
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	This is according to the [https://www.esticastresearch.com/market-reports/building-information-modeling-market report] 'Global Building Information Modelling Market, by Solution (software and services), by deployment model (on-premises and cloud), by application area (commercial, industrial, institutional and others), by geography (North America, Europe, Asia Pacific and Rest of World), industry trends Estimation & Forecast, 2016-2024'.		This is according to the [https://www.esticastresearch.com/market-reports/building-information-modeling-market report] 'Global Building Information Modelling Market, by Solution (software and services), by deployment model (on-premises and cloud), by application area (commercial, industrial, institutional and others), by geography (North America, Europe, Asia Pacific and Rest of World), industry trends Estimation & Forecast, 2016-2024'.

−	In 2016, the BIM software segment generated the highest revenue share of $2.7 bn, growing at a CAGR of 23.4% ~~in the global BIM market~~. Among major regions, North America is currently leading the BIM market with the revenue of $1.07 bn, however, Europe and Asia Pacific are expected to surpass the North American market by 2021.	+	In 2016, the BIM software segment generated the highest revenue share of $2.7 bn, growing at a CAGR of 23.4%. Among major regions, North America is currently leading the BIM market with the revenue of $1.07 bn, however, Europe and Asia Pacific are expected to surpass the North American market by 2021.

−	According to the report, 'emerging countries of Asia Pacific and Europe ~~would~~ experience a steep growth in the BIM market~~. This is~~ because of ~~the increasing infrastructural~~ developments. ~~With the~~ rise in population, requirement of new buildings and structures ~~would~~ lead to a hike in the growth of BIM market in ~~the~~ countries such as India and China'.	+	According to the report, the emerging countries of Asia Pacific and Europe will experience a steep growth in the BIM market because of infrastructure developments. The rise in population and the requirement for new buildings and structures will lead to a hike in the growth of BIM market in countries such as India and China.

	Cloud-based BIM deployment leads the market and is further expected to grow at the highest CAGR of 23.8% during the forecast period.		Cloud-based BIM deployment leads the market and is further expected to grow at the highest CAGR of 23.8% during the forecast period.

−	Cloud-based BIM is a type of software-as-a-service ~~that is~~ prominent among small and medium sized enterprises, as the prices associated with services, operational costs, licenses and subscription costs, storage, and bandwidth are ~~lesser, which makes it more convenient and affordable~~. It is a software licensing and delivery model and is also referred to as on-demand software. These cloud-based versions are beneficial as they are easily available at affordable rates~~. It is also an attractive deal for the construction and building industries seeking to make the most from the technology available at lower costs and risks~~.	+	Cloud-based BIM is a type of software-as-a-service prominent among small and medium sized enterprises, as the prices associated with services, operational costs, licenses and subscription costs, storage, and bandwidth are lower. It is a software licensing and delivery model and is also referred to as on-demand software. These cloud-based versions are beneficial as they are easily available at affordable rates.

−	North America leads the BIM market with a market share of nearly 35% in 2016, and revenue ~~share~~ of $1.07 bn in 2015. ~~The stabilised and settled constructions of residential~~ and commercial buildings ~~is a~~ major reason for the market growth. Growing awareness about the benefits of BIM among the constructors and contractors in North America is also ~~working as~~ a key driving factor for the ~~North American~~ market.	+	North America leads the BIM market with a market share of nearly 35% in 2016, and revenue of $1.07 bn in 2015. Residential and commercial buildings are the major reason for the market growth. Growing awareness about the benefits of BIM among the constructors and contractors in North America is also a key driving factor for the market.

−	The European market is expected to ~~hold~~ the second largest ~~market~~ share during the forecast period. ~~Commercial~~ segment is the largest application area for BIM in Europe~~; however~~, ~~infrastructure is expected to witness the fastest growth.~~	+	The European market is expected to account for the second largest share during the forecast period. The commercial segment is the largest application area for BIM in Europe, and is expected to grow at the CAGR of 24.4% during the forecast period; however, infrastructure is expected to witness the fastest growth.
−		+
−	~~The market for commercial application holds the largest share~~ and is expected to grow at the CAGR of 24.4% during the forecast period.	+

	There would be a significant rise in the market for the commercial application between 2015 and 2024. The growth of the BIM market for commercial application is attributed to the fact that building information modelling provides digital prototyping analysis and simulation, hence shortening the construction period while consistently improving productivity and reducing risks associated with construction projects in the commercial building sector.		There would be a significant rise in the market for the commercial application between 2015 and 2024. The growth of the BIM market for commercial application is attributed to the fact that building information modelling provides digital prototyping analysis and simulation, hence shortening the construction period while consistently improving productivity and reducing risks associated with construction projects in the commercial building sector.

Editor at 12:09, 3 January 2018

2018-01-03T12:09:42Z

← Older revision		Revision as of 12:09, 3 January 2018
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	The global BIM market was valued at $3.6 billion in 2016, and is projected to reach $18.8 billion by 2024, growing at a compound annual growth rate (CAGR) of 22.9% from 2016 to 2024.		The global BIM market was valued at $3.6 billion in 2016, and is projected to reach $18.8 billion by 2024, growing at a compound annual growth rate (CAGR) of 22.9% from 2016 to 2024.

−	This is according to the ~~report 'Global Building Information Modelling Market~~[https://www.esticastresearch.com/market-reports/building-information-modeling-market ,] by Solution (software and services), by deployment model (on-premises and cloud), by application area (commercial, industrial, institutional and others), by geography (North America, Europe, Asia Pacific and Rest of World), industry trends Estimation & Forecast, 2016-2024'.	+	This is according to the [https://www.esticastresearch.com/market-reports/building-information-modeling-market report] 'Global Building Information Modelling Market, by Solution (software and services), by deployment model (on-premises and cloud), by application area (commercial, industrial, institutional and others), by geography (North America, Europe, Asia Pacific and Rest of World), industry trends Estimation & Forecast, 2016-2024'.

	In 2016, the BIM software segment generated the highest revenue share of $2.7 bn, growing at a CAGR of 23.4% in the global BIM market. Among major regions, North America is currently leading the BIM market with the revenue of $1.07 bn, however, Europe and Asia Pacific are expected to surpass the North American market by 2021.		In 2016, the BIM software segment generated the highest revenue share of $2.7 bn, growing at a CAGR of 23.4% in the global BIM market. Among major regions, North America is currently leading the BIM market with the revenue of $1.07 bn, however, Europe and Asia Pacific are expected to surpass the North American market by 2021.

Editor at 12:08, 3 January 2018

2018-01-03T12:08:50Z

← Older revision		Revision as of 12:08, 3 January 2018
Line 1:		Line 1:
−	As per report “Global Building Information Modeling Market[https://www.esticastresearch.com/market-reports/building-information-modeling-market ,] By Solution (software and services), by deployment model(on-premises and cloud),by application area(Commercial, industrial , institutional and others) ,by geography(North America, Europe, Asia Pacific and Rest of World), industry trends Estimation & Forecast, 2016-2024”, the global ~~[https://www.esticastresearch.com/market-reports/building-information-modeling-market~~ BIM market was valued at $3.6 ~~Billion~~ in 2016] and is projected to reach $18.8 billion by 2024, growing at a CAGR of 22.9% from 2016 to 2024. In 2016, BIM Software segment generated the highest revenue share of $ 2.7 billion growing at a CAGR of 23.4% in the global BIM market. Among major regions, North America is currently leading the BIM market with the revenue of $1.07 billion, however, Europe and Asia Pacific would surpass the North American market by 2021.	+	The global BIM market was valued at $3.6 billion in 2016, and is projected to reach $18.8 billion by 2024, growing at a compound annual growth rate (CAGR) of 22.9% from 2016 to 2024.

−	~~“Emerging countries of Asia Pacific and Europe would experience a steep growth in the BIM market.~~ This is ~~because of~~ the ~~increasing infrastructural developments~~. ~~With the rise in population~~, ~~requirement of new buildings~~ and ~~structures would lead to a hike in the growth of BIM market in the countries such as India~~ and ~~China”~~	+	This is according to the report 'Global Building Information Modelling Market[https://www.esticastresearch.com/market-reports/building-information-modeling-market ,] by Solution (software and services), by deployment model (on-premises and cloud), by application area (commercial, industrial, institutional and others), by geography (North America, Europe, Asia Pacific and Rest of World), industry trends Estimation & Forecast, 2016-2024'.

−	~~Cloud based~~ BIM ~~deployment leads~~ the ~~market and is further expected to grow at~~ highest CAGR of 23.8% ~~during~~ the ~~forecast period~~	+	In 2016, the BIM software segment generated the highest revenue share of $2.7 bn, growing at a CAGR of 23.4% in the global BIM market. Among major regions, North America is currently leading the BIM market with the revenue of $1.07 bn, however, Europe and Asia Pacific are expected to surpass the North American market by 2021.

−	~~Cloud-based BIM is a type of Software-as-a-Service that is prominent among small and medium sized enterprises, as~~ the ~~prices associated with services, operational costs, licenses & subscription costs, storage~~, and ~~bandwidth are lesser, which makes it more convenient and affordable. It is~~ a ~~software licensing and delivery model~~. It is ~~also referred as on-demand software~~. ~~These cloud-based versions are beneficial as these are easily available at affordable rates. It is also an attractive deal for~~ the ~~construction~~ and ~~building industries seeking~~ to ~~make~~ the ~~most from~~ the ~~technology available at lower costs~~ and ~~risks~~.	+	According to the report, 'emerging countries of Asia Pacific and Europe would experience a steep growth in the BIM market. This is because of the increasing infrastructural developments. With the rise in population, requirement of new buildings and structures would lead to a hike in the growth of BIM market in the countries such as India and China'.

−	~~North America~~ leads the ~~BIM~~ market ~~with market share~~ of ~~nearly 35~~% ~~in 2016~~	+	Cloud-based BIM deployment leads the market and is further expected to grow at the highest CAGR of 23.8% during the forecast period.

−	North America ~~is leading~~ the ~~global~~ BIM market with ~~the~~ revenue share of $1.07 ~~billion~~ in 2015. The ~~stabilized~~ and settled constructions of residential and commercial buildings is a major reason for the market growth. Growing awareness about the benefits of BIM among the constructors and contractors in North America is also working as a key driving factor for the North American market.	+	Cloud-based BIM is a type of software-as-a-service that is prominent among small and medium sized enterprises, as the prices associated with services, operational costs, licenses and subscription costs, storage, and bandwidth are lesser, which makes it more convenient and affordable. It is a software licensing and delivery model and is also referred to as on-demand software. These cloud-based versions are beneficial as they are easily available at affordable rates. It is also an attractive deal for the construction and building industries seeking to make the most from the technology available at lower costs and risks.
		+
		+	North America leads the BIM market with a market share of nearly 35% in 2016, and revenue share of $1.07 bn in 2015. The stabilised and settled constructions of residential and commercial buildings is a major reason for the market growth. Growing awareness about the benefits of BIM among the constructors and contractors in North America is also working as a key driving factor for the North American market.

	The European market is expected to hold the second largest market share during the forecast period. Commercial segment is the largest application area for BIM in Europe; however, infrastructure is expected to witness the fastest growth.		The European market is expected to hold the second largest market share during the forecast period. Commercial segment is the largest application area for BIM in Europe; however, infrastructure is expected to witness the fastest growth.
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	The market for commercial application holds the largest share and is expected to grow at the CAGR of 24.4% during the forecast period.		The market for commercial application holds the largest share and is expected to grow at the CAGR of 24.4% during the forecast period.

−	There would be a significant rise in the market for the commercial application between 2015 and 2024. The growth of the BIM market for commercial application is attributed to the fact that building information ~~modeling~~ provides digital prototyping analysis and simulation, hence shortening the construction period while consistently improving productivity and reducing risks associated with construction projects in the commercial building sector.	+	There would be a significant rise in the market for the commercial application between 2015 and 2024. The growth of the BIM market for commercial application is attributed to the fact that building information modelling provides digital prototyping analysis and simulation, hence shortening the construction period while consistently improving productivity and reducing risks associated with construction projects in the commercial building sector.
		+
		+	Key findings of the BIM market report:
		+
		+	* BIM market is expected to grow at a remarkable rate owing to supportive government initiatives for mandating the adoption of BIM software for construction projects.
		+	* Software segment would continue to lead the global BIM market with more than 70% of the total market share.
		+	* Infrastructure segment is expected to grow at the fastest CAGR of 25.2% during the forecast period.
		+	* Cloud-based deployment model is expected to lead the market throughout the forecast period as a result of its cost-effectiveness and easy availability.
		+
		+	In June 2016, Autodesk inc., a major BIM software provider company acquired CadSoft Computer GmbH, a Germany based computer-aided design software developing company. This strategic move will help the company to grow more in the field of software development and enhance its existing technology.
		+
		+	Key players of the BIM market in the report include Autodesk, Inc., Trimble Navigation Ltd, Nemetschek AG, Synchro Software Ltd., Bently Systems Inc., Dassault Systemes, Asite Solutions Ltd, Pentagon Solutions Ltd., AECOM.,Beck Technology, Ltd.

−	~~Key findings of the Building Information Modeling (BIM) Market:~~	+	= Find out more =

−	~~• BIM market is expected to grow at a remarkable rate owing to supportive government initiatives for mandating the adoption of BIM software for construction projects<br />~~	+	=== Related articles on Designing Buildings Wiki ===
−	~~• Software segment would continue to lead the global BIM market with more than 70% of the total market share.<br />~~	+
−	~~• Infrastructure segment is expected to grow at the fastest CAGR of 25.2% during the forecast period<br />~~	+
−	~~• Cloud based deployment model is expected to lead the market throughout the forecast period as a result of its cost-effectiveness and easy availability~~	+

−	~~In June 2016, Autodesk inc., a major~~ BIM ~~software provider company acquired CadSoft Computer GmbH, a Germany based Computer Aided design software developing company~~. ~~This strategic move will help the company to grow more in the field of software development and enhance its existing technology~~. ~~Key players of the~~ BIM market ~~in the report include Autodesk, Inc~~.~~, Trimble Navigation Ltd, Nemetschek AG, Synchro Software Ltd., Bently Systems Inc., Dassault Systemes, Asite Solutions Ltd, Pentagon Solutions Ltd., AECOM.,Beck Technology, Ltd~~.	+	* BIM articles.
		+	* Compound Annual Growth Rate (CAGR).
		+	* Global BIM market.
		+	* Why BIM will carry on booming.

−	[[Category:~~Articles_needing_more_work~~]] [[Category:~~Publications_/_reports~~]] [[Category:Construction_management]] [[Category:Construction_techniques]]	+	[[Category:Publications_/_reports]] [[Category:News]] [[Category:Construction_management]] [[Category:Construction_techniques]]

Editor: moved Building Information Modeling (BIM) Market Revenue Will Reach $18.8 Billion By 2024, Says Esticast Research and Consulting to BIM market revenue by 2024

2018-01-03T11:57:49Z

moved Building Information Modeling (BIM) Market Revenue Will Reach $18.8 Billion By 2024, Says Esticast Research and Consulting to BIM market revenue by 2024

← Older revision

Revision as of 11:57, 3 January 2018

AshishG: Created page with "As per report “Global Building Information Modeling Market[https://www.esticastresearch.com/market-reports/building-information-modeling-market ,] By Solution (software and ser..."

2018-01-02T10:20:25Z

Created page with "As per report “Global Building Information Modeling Market[https://www.esticastresearch.com/market-reports/building-information-modeling-market ,] By Solution (software and ser..."

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As per report “Global Building Information Modeling Market[https://www.esticastresearch.com/market-reports/building-information-modeling-market ,] By Solution (software and services), by deployment model(on-premises and cloud),by application area(Commercial, industrial , institutional and others) ,by geography(North America, Europe, Asia Pacific and Rest of World), industry trends Estimation & Forecast, 2016-2024”, the global [https://www.esticastresearch.com/market-reports/building-information-modeling-market BIM market was valued at $3.6 Billion in 2016] and is projected to reach $18.8 billion by 2024, growing at a CAGR of 22.9% from 2016 to 2024. In 2016, BIM Software segment generated the highest revenue share of $ 2.7 billion growing at a CAGR of 23.4% in the global BIM market. Among major regions, North America is currently leading the BIM market with the revenue of $1.07 billion, however, Europe and Asia Pacific would surpass the North American market by 2021.

“Emerging countries of Asia Pacific and Europe would experience a steep growth in the BIM market. This is because of the increasing infrastructural developments. With the rise in population, requirement of new buildings and structures would lead to a hike in the growth of BIM market in the countries such as India and China”

Cloud based BIM deployment leads the market and is further expected to grow at highest CAGR of 23.8% during the forecast period

Cloud-based BIM is a type of Software-as-a-Service that is prominent among small and medium sized enterprises, as the prices associated with services, operational costs, licenses & subscription costs, storage, and bandwidth are lesser, which makes it more convenient and affordable. It is a software licensing and delivery model. It is also referred as on-demand software. These cloud-based versions are beneficial as these are easily available at affordable rates. It is also an attractive deal for the construction and building industries seeking to make the most from the technology available at lower costs and risks.

North America leads the BIM market with market share of nearly 35% in 2016

North America is leading the global BIM market with the revenue share of $1.07 billion in 2015. The stabilized and settled constructions of residential and commercial buildings is a major reason for the market growth. Growing awareness about the benefits of BIM among the constructors and contractors in North America is also working as a key driving factor for the North American market.

The European market is expected to hold the second largest market share during the forecast period. Commercial segment is the largest application area for BIM in Europe; however, infrastructure is expected to witness the fastest growth.

The market for commercial application holds the largest share and is expected to grow at the CAGR of 24.4% during the forecast period.

There would be a significant rise in the market for the commercial application between 2015 and 2024. The growth of the BIM market for commercial application is attributed to the fact that building information modeling provides digital prototyping analysis and simulation, hence shortening the construction period while consistently improving productivity and reducing risks associated with construction projects in the commercial building sector.

Key findings of the Building Information Modeling (BIM) Market:

• BIM market is expected to grow at a remarkable rate owing to supportive government initiatives for mandating the adoption of BIM software for construction projects<br />
• Software segment would continue to lead the global BIM market with more than 70% of the total market share.<br />
• Infrastructure segment is expected to grow at the fastest CAGR of 25.2% during the forecast period<br />
• Cloud based deployment model is expected to lead the market throughout the forecast period as a result of its cost-effectiveness and easy availability

In June 2016, Autodesk inc., a major BIM software provider company acquired CadSoft Computer GmbH, a Germany based Computer Aided design software developing company. This strategic move will help the company to grow more in the field of software development and enhance its existing technology. Key players of the BIM market in the report include Autodesk, Inc., Trimble Navigation Ltd, Nemetschek AG, Synchro Software Ltd., Bently Systems Inc., Dassault Systemes, Asite Solutions Ltd, Pentagon Solutions Ltd., AECOM.,Beck Technology, Ltd.

[[Category:Articles_needing_more_work]] [[Category:Publications_/_reports]] [[Category:Construction_management]] [[Category:Construction_techniques]]