Building Information Modeling Market Size

Building Information Modeling market size was over USD 9.11 billion in 2024 and is likely to cross USD 49.49 billion by the end of 2037, growing at more than 13.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of building information modeling is estimated at USD 10.12 billion. The growth of the market can be attributed to the rising technological advancement and innovations in cities. Furthermore, with rising real-estate expenditures, nations are witnessing a surge in the construction of diverse business structures, corporate and communal structures, and private facilities. This raises the demand for effective operation handling systems.

The market is predicted to rise due to the increased construction of residences and commercial buildings. Several public and private builders are deploying the software with government backing to improve operational effectiveness. For instance, Michigan contractor Barton Malow worked with Trimble Inc. to increase construction efficiency by 2024. By implementing the software, the corporation strives to accomplish daily workflow, operational security, efficiency, and reliability.