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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Building Information Modeling Market Size
The global building information modeling market size attained a value of USD 9.60 billion in 2023. The market is further expected to grow at a CAGR of 16.4% between 2024 and 2032, to reach a value of USD 37.67 billion by 2032.
Key Trends in the Market
Building information modeling is defined as a process which enables architects, engineers, contractors, and construction workers, to create building designs using digital technologies and tools. Through building information modeling, or BIM, digital representations are created that feature realistic physical as well as functional characteristics of different locations. Building information modeling involves high-tech digital tools, contracts, and technologies which assist in various processes of the construction sector. BIM also involves 3D models which lead to efficient planning and execution of construction projects.
- Rapid deployment of building information modeling in the industrial construction sector across the emerging economies is driving the global BIM market. Industries such as oil and gas, civil infrastructure, and utilities, are expected to heighten the demand for BIM to improve development of suitable facilities for their long-term operations.
- According to BIM statistics, improvements in software such as AutoCAD, Revit, and SketchUp, among others, is leading to an efficient and more reliable usage of BIM in construction projects. Further advancements in the software are likely to streamline specification tasks during construction and preconstruction processes.
- The anticipated increase in expenditure towards renovating houses, apartments, government spaces, and warehouses, among others, are expected to bolster the demand for building information modeling market in the coming years. With building information modeling, more advanced features can be seamlessly incorporated into new constructions.
Building Information Modeling Market Report Snapshots
Building Information Modeling Market Size
Building Information Modeling Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of USD 9.60 billion in 2024.
The market is estimated to grow at a CAGR of 16.4% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a value of USD 37.67 billion by 2034.
The growing deployment of BIM in the industrial construction sector, increasing expenditure towards developing infrastructure across emerging economies, and emergence of reliable BIM software are the major drivers of the market.
The key trends in the building information modeling market include the increasing investments in the residential and commercial construction sector, rising per capita income, and rapid urbanisation.
On-premises and cloud are the different deployment types of building information modeling in the market.
Software and services are the segments of the market for building information modeling based on offering. The software segment is further be divided based on type into architectural design, MEP, structures, sustainability, construction, and facility management, while the services segment can be bifurcated based on type into software support and maintenance and project management and support.
Preconstruction, construction, and operation are the different project lifecycles of building information modeling in the market.
The main purpose of BIM is to design, manage and facilitate construction projects efficiently, reliably, and quickly.
The Beck Group, AVEVA Group plc, Hexagon AB, Vectorworks, Inc., Nemetschek SE, Trimble Inc., Bentley Systems, Incorporated, and Autodesk Inc., among others, are the key market players, according to the report.
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