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Global BIM in Construction Market to Reach Approximately USD 7.6 Billion by 2027, Driven by the Rising Demand for Sustainable Construction Activities

BIM in Construction Market

Global BIM in Construction Market: By Phase of Work: Construction, Operation; By End-User: Engineers, Contractors; By Application: Residential, Non-Residential; By Deployment Model; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global BIM in Construction Market Outlook

The global BIM in construction market attained a value of about USD 3.3 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 15.20% to reach nearly USD 7.6 billion by 2027.

 

Global BIM in Construction Market

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Increasing Construction Activities Augmenting the Market for BIM in Construction

The growing demand for rapid construction of houses and infrastructures owing to the rising global population is surging the adoption of BIM and driving the industry growth. As the construction industry is one of the most accident-prone sectors, BIM is increasingly being deployed to identify potential risks and hazards, hence surging the safety of the workers.

With the growing requirement to efficiently predict cost information of building construction, BIM is leveraged to provide cost modelling while enhancing cost-effectiveness, thereby providing further impetus to the market for BIM in construction.

The increasing adoption of cloud-based BIM to streamline workflow while boosting cost-effectiveness in the construction industry is propelling the market growth. The wide accessibility offered by cloud-based BIM enables the quick exchange of information. It also enhances the flexibility of construction modelling, due to which it is increasingly preferred. Moreover, the development of cloud-based BIM that provides enhanced safety and security is expected to bolster the growth of the BIM in construction industry in the coming years.

 

BIM in Construction: Market Segmentation

BIM in construction, variously known as building information modelling in construction, is a solution that is deployed to construct and design modern buildings by utilising various design methods and tools. It collects the information related to construction activities digitally to establish a continuous flow of information. It enhances the cost-effectiveness, safety, and time-efficiency of construction projects.

 

Global BIM in Construction Market by Segment

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The major phases of work of BIM in construction are:

  • Construction
  • Operation

By end-users, the market is divided into:

  • Engineers
  • Contractors

The market can be broadly categorised on the basis of its application segments into:

  • Residential
  • Non-Residential

Based on deployment model, the market is divided into:

  • On-Premise
  • Cloud-based

The EMR report looks into the regional markets of BIM in construction like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global BIM in Construction Market by Region

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Integration of Artificial Intelligence (AI) in BIM to Drive the Market for BIM in Construction

The integration of the latest technologies like artificial intelligence (AI) is expected to augment the growth of the market. AI-enabled BIM software can automate and enhance the process of modelling buildings to streamline workflow. As artificial intelligence (AI) rapidly assesses a large amount of data, it is predicted to bolster the accuracy of building information modelling (BIM) software while providing meaningful insights to builders, which is anticipated to drive the market for BIM in construction. In addition, the potential deployment of AI-enabled BIM software is estimated to enhance the accuracy of construction processes, which is predicted to fuel the industry growth. With the increasing investments to boost the capabilities of BIM software, the BIM in construction industry is poised to grow robustly in the forecast period.

The rising trend of green buildings is increasing the requirement for optimal designs, building techniques, and strategies for their construction. This, in turn, is leading to a surge in the adoption of BIM to produce and analyse the capabilities of sustainable designs, which is driving the growth of the industry. Additionally, BIM also enables engineers to compare the energy and resource efficiency during construction, which is significantly contributing to the market growth.

 

Key Industry Players in the Global BIM in Construction Market

The report presents a detailed analysis of the following key players in the global BIM in construction market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Autodesk Inc.
  • Aveva Group PLC
  • Hexagon AB
  • Oracle Corporation
  • Procore Technologies, Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Phase of Work, End-User, Application, Deployment Model, Region
Breakup by Phase of Work Construction, Operation
Breakup by End-User Engineers, Contractors
Breakup by Application  Residential, Non-Residential
Breakup by Deployment Model On-Premise, Cloud-based
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Autodesk Inc., Aveva Group PLC, Hexagon AB, Oracle Corporation, Procore Technologies, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global BIM in Construction Market Analysis
    8.1    Key Industry Highlights
    8.2    Global BIM in Construction Historical Market (2018-2022) 
    8.3    Global BIM in Construction Market Forecast (2023-2028)
    8.4    Global BIM in Construction Market by Phase of Work
        8.4.1    Construction
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Operation
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global BIM in Construction Market by End-User
        8.5.1    Engineers
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Contractors
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global BIM in Construction Market by Application 
        8.6.1    Residential
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Non-Residential
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
    8.7    Global BIM in Construction Market by Deployment Model
        8.7.1    On-Premise
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Cloud-based
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
    8.8    Global BIM in Construction Market by Region       
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2022) 
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2022) 
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2022) 
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2022) 
            8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2022) 
            8.8.5.2    Forecast Trend (2023-2028) 
9    North America BIM in Construction Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe BIM in Construction Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific BIM in Construction Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America BIM in Construction Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa BIM in Construction Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Autodesk Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Aveva Group PLC
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Hexagon AB
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Oracle Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Procore Technologies, Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global BIM in Construction Market: Key Industry Highlights, 2018 and 2028
2.    Global BIM in Construction Historical Market: Breakup by Phase of Work (USD Million), 2018-2022
3.    Global BIM in Construction Market Forecast: Breakup by Phase of Work (USD Million), 2023-2028
4.    Global BIM in Construction Historical Market: Breakup by End-User (USD Million), 2018-2022
5.    Global BIM in Construction Market Forecast: Breakup by End-User (USD Million), 2023-2028
6.    Global BIM in Construction Historical Market: Breakup by Application (USD Million), 2018-2022
7.    Global BIM in Construction Market Forecast: Breakup by Application (USD Million), 2023-2028
8.    Global BIM in Construction Historical Market: Breakup by Deployment Model (USD Million), 2018-2022
9.    Global BIM in Construction Market Forecast: Breakup by Deployment Model (USD Million), 2023-2028
10.    Global BIM in Construction Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global BIM in Construction Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America BIM in Construction Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America BIM in Construction Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe BIM in Construction Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe BIM in Construction Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific BIM in Construction Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific BIM in Construction Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America BIM in Construction Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America BIM in Construction Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa BIM in Construction Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa BIM in Construction Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global BIM in Construction Market Structure

Key Questions Answered in the Report

What was the global BIM in construction market size in 2021?

In 2021, the global BIM in construction market attained a value of nearly USD 3.3 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 15.20% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 7.6 billion by 2027.

What are the major industry drivers?

The market is being aided by the rising demand for rapid construction, the increasing use of BIM to prevent accidents on construction sites, and the growing adoption of cloud-based BIM.

What are the key industry trends of the global BIM in construction market?

The industry is expected to be fuelled by the rising development of green buildings, the growing demand for automation in the construction industry, and the integration of artificial intelligence (AI) in BIM software.

What are the major regional markets of BIM in construction, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major phases of BIM in construction in the industry?

The major phases of BIM in construction in the industry are construction and operation.

What are the various end-users of BIM in construction?

The various end-users of BIM in construction are engineers and contractors.

What are the significant applications of BIM in construction?

The significant applications in the market are residential and non-residential.

What are the different deployment models of BIM in construction?

The different deployment models of BIM in construction are on-premise and cloud-based.

Who are the key industry players, according to the report?

The major players in the industry are Autodesk Inc., Aveva Group PLC, Hexagon AB, Oracle Corporation, and Procore Technologies, Inc., among others.

Analyst Review

The global BIM in construction market attained a value of nearly USD 3.3 billion in 2021, driven by the rising adoption of cloud-based BIM in the construction industry. Aided by the integration of artificial intelligence (AI) in BIM software, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 15.20%. The market is projected to reach about USD 7.6 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its phases of work, the BIM in construction industry can be segmented into construction and operation. On the basis of end-users, the industry is divided into engineers and contractors. By application, the market is categorised into residential and non-residential. Based on deployment model, the market is bifurcated into on-premise and cloud-based. The major regional markets for BIM in construction are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Autodesk Inc., Aveva Group PLC, Hexagon AB, Oracle Corporation, and Procore Technologies, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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