Market Share of Major Companies Profiled, 2023
Business Profiles of Key Enterprises
Building Information Modeling Market Segmentation Analysis (2024-2037)
27.3 Building Information Modeling Market Segmentation Analysis (2024-2037)
27.3.1 By Type
27.3.3 By End-User
27.3.4 By Country
28.3 Building Information Modeling Market Segmentation Analysis (2024-2037)
28.3.1 By Type
28.3.3 By End-User
28.3.4 By Country
29.3.1 By Type
29.3.4 By End-User
29.3.5 By Country
3o.3 Building Information Modeling Market Segmentation Analysis (2024-2037)
30.3.1 By Type
30.3.3 By End-User
30.3.4 By Country
31.3 Building Information Modeling Market Segmentation Analysis (2024-2037)
31.3.1 By Type
31.3.3 By End-User
31.3.4 By Country
Building Information Modeling Market size was USD 9.11 billion in 2024 and is expected to reach USD 49.9 by the end of 2037, rising at a CAGR of 13.8% during the forecast period i.e. between 2025 and 2037. In 2025, the industry size of building information modeling is evaluated at USD 13.8 billion.
The global building information modeling market is expected to witness substantial growth during the forecast period owing to the steady adoption of smart buildings across the globe. Building information modeling (BIM) helps in better designing complex urban infrastructures such as transportation systems, buildings, and utilities. The integration of digital twins, AI, and real-time data in BIM solutions to enhance sustainability and efficiency in smart cities is further expected to improve urban development. Several key players in the market are developing software and solutions with these advanced technologies to help with the design and development of smart cities, offices, and architecture. One example is Trimble’s Trimble Construction Cloud powered by Microsoft Azure launched in November 2022. This cloud product helps streamline construction projects, enabling project teams to design, build, operate, and manage projects.
In addition, governments and private sectors globally are investing heavily in several large-scale infrastructure plans such as smart cities, green buildings, and transportation networks. Governments particularly in the emerging economies are providing substantial budgets for urban infrastructure development. This is also expected to increase the demand for different advanced BIM software and hardware products, supporting market growth.
Growth Drivers
Challenges
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
13.8% |
|
Base Year Market Size (2024) |
USD 9.11 billion |
|
Forecast Year Market Size (2037) |
USD 49.9 billion |
|
Regional Scope |
|
Type (Software, Services)
Based on type, the software segment in building information modeling market is likely to expand at a robust revenue share between 2025 and 2037 owing to the rising need for advanced BIM software in urban development, high adoption of digital transformation in construction, and increasing investments in developing software with advanced technologies. One of the key developments in this sector is the launch of an industrial solution by AVEVA and Wood in June 2021. Wood standardized its use of AVEVA Enterprise Resource Management for connected build to its industrial clients globally.
Application (Residential, Commercial, Industrial, Others)
Based on application, the residential segment is expected to register a significant revenue share in building information modeling (BIM) market during the forecast period. This growth can be attributed to rapidly increasing residential buildings across the globe, growing need for housing in urban areas, high usage of BIM for residential design, and rising investments in smart cities and sustainable constructions. Many governments are mandating BMI use in residential constructions to improve the quality and compliance. Along with this, the development of advanced BIM for the residential sector is projected to boost segment revenue growth. For instance, in September 2024, Hitachi, Ltd announced the launch of BuilMirai building IoT solution for small and medium-sized residential buildings.
Our in-depth analysis of the building information modeling market includes the following segments
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Type |
|
|
Application |
|
|
End use |
|
North America Market
The BIM market in North America is expected to account for the largest revenue share of the global market during the forecast period owing to rapid technological advancements, rising construction activities across the region, and high adoption of advanced BIM software and services for industrial and residential buildings. In addition, governments in the U.S. and Canada are supporting the growth of the market by implementing regulations that require BIM usage in public and private infrastructure projects.
In the U.S., the building information modeling (BIM) market is expected to account for a significant share of the market between 2025 and 2037. This growth can be attributed to the presence of well-developed infrastructure, increasing funding from various public and private sectors, and the high usage of BIM to design and build energy-efficient buildings. Manufacturers in the U.S. are focused on integrating advanced technologies such as AI, IoT, and digital twins. This is also expected to boost U.S. market growth.
The BIM market in Canada is likely to expand at a rapid growth rate during the forecast period owing to rising government investments to support urban growth and sustainability goals, high focus on green building, and increasing adoption of advanced technologies for better project and risk management.
Asia Pacific Market Statistics
Asia Pacific building information modeling (BIM) market is expected to register a rapid revenue CAGR between 2025 and 2037. This growth can be attributed to rising investments in building and construction activities across the region, rapid urbanization, and the implementation of BIM mandates by governments for public projects to enhance building efficiency and transparency. China, India, Japan, and South Korea are some of the largest revenue-generating countries in the APAC.
In India, building information modeling (BIM) market is likely to generate a significant revenue share throughout the forecast period owing to rising investments by the government in urban infrastructure and initiatives such as the Smart Cities Mission, Housing for All by 2022, and the National Infrastructure Pipeline.
The building information modeling market in China is expected to register robust revenue growth owing to massive infrastructure initiatives, the presence of robust key players, and government mandates to support the adoption of BIM in recent infrastructure projects. Shanghai and Beijing heavily rely on BIM to optimize urban planning and resource management.
The global building information modeling (BIM) market is extremely competitive, with regional and international players driving BIM software and services innovations. Companies such as Bentley Systems, Trimble Inc., Dassault Systems, and Nemetschek SE are integrating advanced technologies such as AI, digital twin technology, and cloud-based solutions. These key players are focused on adopting strategies such as mergers and acquisitions, partnerships, product launches, joint ventures, and license agreements to enhance their product portfolio and sustain their market position. Here is a list of key players operating in the global building information modeling market:
Author Credits: Abhishek Verma
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