Overview:
The BIM Software industry is projected to grow from USD 8.41 billion in 2022 to USD 25.61 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.9% during the forecast period (2022 - 2030).
Governments of various countries are coming up with initiatives and BIM implementation strategies to increase the adoption of BIM in the architecture, engineering, and construction (AEC) industry. BIM provides an effective tool to develop and expand the digital models for design, construction, and workflow of projects, and has transformed industries in terms of communication, problems solving capabilities, and accurate results.
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Key Players:
Key Companies in the BIM Software includes,
- Trimble Inc
- Autodesk Inc.
- PKPM (Beijing Jianli Technology Co., Ltd)
- Integrated Environmental Solutions Limited (IES Ltd.)
- Glodon Company Limited
- Shanghai Luban Software Co., Ltd
Segmental Analysis:
The global BIM software market has been segmented based on software model, applications and end-user, and region.
Based on software model, the BIM software market has been segmented into 3D, 4D, 5D, and others. The 3D segment accounted for the largest market share in 2032.
Based on application, the BIM software market has been segmented into building, public infrastructure, industrial, and others. The buildings segment accounted for the largest market share in 2032.
Based on end-user, the BIM software market has been segmented into architects, contractor, engineers, and others. The architects segment accounted for the largest market share in 2032.
Regional Analysis:
The geographic analysis of the BIM software market has been conducted for North America, Europe, Asia-Pacific, the Middle East Africa, and South America.
North America is expected to be the largest market for BIM software during the forecast period. North America has been segmented into three countries, namely, the US, Canada, and Mexico
The US is the leading country-level market for BIM in North America. Government support for the adoption of BIM, high technical expertise, and the increasing number of construction projects are some of the prime factors driving the market growth of BIM in the US. The building information modelling (BIM) software market in Canada is expected to register the highest CAGR during the forecast period. The Mexico building information modelling (BIM) software market is expected to be a growing market in the coming years owing to factors including initiatives by government and educational institutes for developing skills and expertise of contractors, builders, and engineers regarding the use of BIM software for their projects
Europe accounts for the second-largest market share in the building information modelling (BIM) software market due to the growing construction sector and high demand for these software solutions by contractors, architects, and building owners in the region. The UK is the highest revenue-generating country in the European BIM market. The construction industry in France is one of the largest in the world and is increasingly adopting BIM software for its projects. BIM is being used in Austria for the construction of large building projects; however, the use of BIM is still not mandatory for small scale projects in Austria.
Asia-Pacific is expected to be the fastest-growing regional market in the BIM software market due to a high focus on digitalization, increasing investments by government and real-estate sector in the development of advanced infrastructure for residential, industrial, and commercial sectors, and increasing adoption of cloud platforms in the region. China is the leading BIM software market in Asia-Pacific as the country is significantly adopting advanced technologies to improve the competitive edge of its design and construction industry. Japan BIM software market is expected to register a steady growth during the forecast period due to the highly matured and experienced construction market. The BIM software market in India is expected to register the highest growing CAGR due to the high growth rate and rapid development of the construction industry in India.
South Korea is one of the early adopters of implementing BIM processes to deliver construction projects in the country. This segment is expected to have a considerable growth rate due to the presence of countries such as Vietnam, Singapore, and Malaysia, that are highly focused on developing advanced technology-enabled infrastructure in their respective countries.
In South America, there has been notable progress in the adoption of BIM software. Noticeable advancement was made at the end of the past decade, with the last two years being the most active in terms of deployment of BIM software. Furthermore, several other South American countries, including Argentina and Brazil, have announced similar initiatives.
In the Middle East Africa, around 20% of the AEC organizations are using or are in the process of adoption of BIM. The Middle East consists of countries such as Saudi Arabia, the UAE, Egypt, South Africa, Nigeria, and the rest of the Middle East Africa.
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BIM Software Industry Developments:
January: Autodesk announces the release of Revit 2023, with new features for collaboration, documentation, and analysis.
February: Bentley Systems releases MicroStation CONNECT Edition 10, with new features for interoperability, visualization, and data management.
March: Trimble introduces SketchUp Pro 2023, with new features for 3D modeling, rendering, and collaboration.
April: Graphisoft releases Archicad 25, with new features for BIM coordination, visualization, and simulation.
May: Nemetschek releases Allplan 2023, with new features for 3D modeling, engineering, and detailing.
June: Aconex launches its new cloud-based BIM collaboration platform, Aconex Connect.
July: Autodesk announces the acquisition of PlanGrid, a mobile BIM collaboration platform.
August: Bentley Systems releases iTwin Platform 2.0, a cloud-based platform for managing and sharing BIM data.
September: Trimble introduces Tekla Structures 2023, with new features for structural engineering and detailing.
October: Graphisoft releases BIMx 3.0, a mobile app for viewing and interacting with BIM models.
November: Nemetschek releases Vectorworks 2023, with new features for 2D drafting, 3D modeling, and rendering.
December: Autodesk announces the release of Revit LT 2023, a lower-cost version of Revit for smaller projects.
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