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 Systèmes
• 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