Building information modeling market size, building information modeling market trend analysis, building information modeling market opportunities, building information modeling industry share, building information modeling market analysis, building information modeling market growth
What Are The Predictions for The Building Information Modeling Market Size?
The building information modeling market size has soared in recent years and is projected to continue its upward trajectory, with an expected worth of $8.59 billion in 2025, growing from $7.39 billion in 2024. This signifies a compound annual growth rate (CAGR) of 16.3%. This historical surge is primarily attributed to factors such as expanding building lifecycle management, industry standards and certifications, efficiency and cost savings, government initiatives and mandates, and emergence of 3D modeling.
Accelerating further, the building information modeling market size is expected to more than double to $16.43 billion in 2029, at a CAGR of 17.6%. This predicted spike is backed by the rise in remote collaboration tools, an emphasis on building performance analysis, focus on smart cities and urban development, growing demand for facility management integration, and advancements in 5D BIM.
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How Is The Construction Boom Aiding The Building Information Modeling Market Growth?
The rapid rise in construction is significantly contributing to the growth of the building information modeling (BIM) market. As a key facet of trade and manufacturing, the construction industry involves constructing, repairing, and maintaining infrastructures. The industry has been instrumental in driving the demand for BIM by enhancing productivity and trimming project lifecycles through robust communication and coordination, thus saving both work and time. For instance, the total value of construction operations in the US surged from $2.01 trillion in May 2023 to $2.14 trillion in May 2024, according to the US Census Bureau.
Which Are The Key Segments In The Building Information Modeling Market?
The building information modeling market has been segmented into:
1) By Component: Software, Services
2) By Deployment Type: On Premises Deployment, Cloud Deployment
3) By Project Lifecycle: Preconstruction, Construction, Operation
4) By Application: Planning And Modelling, Construction And Design, Asset Management, Building System Analysis And Maintenance Scheduling, Other Applications
5) By End User: Architects Or Engineers, Contractors, Other End Users
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Who Are The Major Players In The Building Information Modeling Market?
Major companies operating in the Building Information Modeling market include Autodesk, The Nemetschek Group, Bentley Systems Incorporated, Trimble Navigation Limited, Pentagon Solutions, Asite Solutions, AVEVA Group PLC, Hexagon AB, ACCA Software Inc., Vector Networks Inc., among others.
What Are The Emerging Trends In The Building Information Modeling Market?
The rising trend of the Internet of Things (IoT) in construction is taking the building information modeling (BIM) market by storm. IoT in construction optimizes the ordering and modeling processes, thereby reducing the time necessary for ordering.
What Do The Regional Analysis Say About The Building Information Modeling Market Growth?
North America led the charge in the building information modeling market in 2024. However, Asia-Pacific is touted to be the fastest-growing region in the forecast period.
What Does The Building Information Modeling Market Report 2025 Offer?
The Building Information Modeling Market research report elucidates the global market size, robust growth rate, regional shares, competitive analysis, detailed segments, trends, and opportunities. Building Information Modelling (BIM) fundamentally deals with creating and managing data about a construction project throughout its life cycle.
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