The global building information modeling market size was US$ 6.1 billion in 2021. The global building information modeling market is forecast to grow to US$ 18.2 billion by 2030, registering a compound annual growth rate (CAGR) of 12.5% during the forecast period from 2022 to 2030.

Building information modeling is software that aims to improve project performance and generate better results. BIM helps construction managers to gather data and information from several disciplines efficiently.

Factors Influencing the Market

The increasing adoption of cloud-based building information modeling solutions will drive the growth of the global building information modeling market.

Building information modeling system offer better data communication and coordination. In addition, it also improves the productivity of the construction. As a result, it will fuel the growth of the building information modeling market during the study period.

The growing number of government mandates related to BIM will surge the growth of the global building information modeling market during the forecast period.

The high cost associated with software may limit the growth of the global building information modeling market.

The rise in technological advancements will benefit the global building information modeling market in the coming years.

COVID-19 impact analysis

The COVID-19 pandemic has changed the lives of people. The COVID-19 outbreak has had a mild impact on the expansion of the BIM business because the lockdown increased the adoption of BIM. BIM allowed projects to proceed in a virtual and digital environment even when participants could not meet in person.

Due to this pandemic, people were forced to seek out safer and more efficient ways to construct offices and houses. Thus, people adopted innovative ways of designing and building offices and houses through smart construction to address design issues, outmoded practices, inefficiencies, and environmental concerns.

Regional Analysis

North America is forecast to hold the highest share in the global building information modeling market. The growth of the region is attributed to the increasing number of technological advancements in products offered by players. In addition, supportive government policies and rising awareness towards the environment are likely to fuel the growth of the market. With the rise in the rate of real estate in retail, healthcare, entertainment, and industrial sectors, the regional market is forecast to register a significant growth rate. However, Asia-Pacific is expected to exhibit the highest growth during the forecast period. It is attributed to the rising adoption of BIM technologies in the region.

Competitors in the Market

Autodesk Inc.
Asite Solutions
Aveva Group Plc
Beck Technology Ltd.
Bentley Systems, Incorporated
Dassault Systmes
Hexagon Ab
Nemetschek Se
Pentagon Solution Ltd.
Trimble Ltd.
Other Prominent Players
Market Segmentation

The global building information modeling market segmentation focuses on Application, Component, Deployment, End-User, Project Life, Building, and Region.

By Application

Planning & Modelling
Construction & Design
Asset Management
Building System Analysis & Maintenance Scheduling
Others
By Component

Solution
Services
By Deployment Mode

On-premise
Cloud-Based
By End-User

Architects/Engineers
Contractors
Others
By Project Life Cycle

Preconstruction
Construction
Operations
By Building Type

Commercial
Residential
Industrial
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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