Building Information Modeling Market Segmentation:
Type Segment Analysis
Based on type, the software segment in building information modeling market is likely to expand at a robust revenue CAGR through 2035, owing to 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 Segment Analysis
The residential segment is expected to register 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 will boost segment revenue. 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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