Building Information Modeling Market Analysis of Sales, Revenue, Price and Growth Rate to 2022

1. Building Information Modeling Market Analysis of Sales, Revenue, Price and Growth Rate to 2022 “The Building Information Modeling (BIM) Market is expected to grow from USD 3.56 billion in 2017 to USD 7.64 billion by 2022, growing at a CAGR of 16.51% between 2017 and 2022.” The Building Information Modeling (BIM) Market is expected to grow from USD 3.56 billion in 2017 to USD 7.64 billion by 2022, growing at a CAGR of 16.51% between 2017 and 2022. The key factors driving this market have been the optimized project performance and increased productivity; enhanced communication and coordination throughout the asset lifecycle management process in the construction industry due to adoption of BIM; and government mandates for the usage of BIM in several developed countries. Among all the major applications of the BIM market, the industrial application is expected grow at a significant rate during the forecast period. Building information modeling provides digital prototyping analysis and simulation, thereby shortening the construction period while consistently improving productivity and reducing risks associated with construction projects in the industrial sector. This fact is expected to propel the growth of the Building information modeling market for industrial application between 2017 and 2022. As of 2016, the software held a major share of the BIM market. The key factors driving the BIM market for software include the high demand for cost-effective processes and benefits of design modeling software for various construction projects. However, the market for services is expected to grow at the highest rate between 2017 and 2022. This growth can be attributed to the benefits offered by integrated building information modeling services in the construction process such as 2D drawings, 3D modeling, 4D scheduling, and 5D estimating power; and change management, clash management, visualization, layout, quantity take off, scheduling, and production control. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=95037387

2. The pre-construction phase is expected to hold a major share of the BIM market As BIM helps AEC service providers improve accuracy, efficiency, and productivity pertaining to various construction projects, the adoption of BIM for pre-construction phases is increasing. However, the market for construction phase is expected to grow at the highest rate during the forecast period. In terms of geography, the market in North America is expected to have the largest market share between 2017 and 2022. The stabilized constructions of commercial and residential buildings coupled with growing awareness about the benefits of BIM among the constructors and contractors in North America have been the key driving factor for the North American market. The European market is expected to capture the second largest share during the forecast period. The buildings, civil infrastructure, and industrial applications are expected to be the leading segments in the European Building information modeling market. Software are expected to lead the global BIM market between 2017 and 2022 The software segment held a major share of the BIM market in 2016. The high demand for cost-effective construction processes & their ease of handling and benefits of design modeling software are some of the factors responsible for the high adoption of building information modeling software in the architectural, engineering, and construction (AEC) industry. However, the BIM market for services is expected to grow at the highest CAGR during the forecast. Request Sample Copy of this Market Research @ https://www.marketsandmarkets.com/requestCustomization.asp?id=95037387 The market for industrial application is expected to grow at the highest rate between 2017 and 2022 There would be a significant rise in the market for the industrial application between 2017 and 2022. The growth of the BIM market for industrial application is attributed to the fact that building information modeling provides digital prototyping analysis and simulation, thereby shortening the construction period while consistently improving productivity and reducing risks associated with construction projects in the industrial sector. The BIM market in the North American region is expected to capture the largest market share during the forecast period The market in the North American region is expected to hold the largest market share between 2017 and 2022. The stabilized constructions of commercial and residential buildings coupled with growing awareness about the benefits of BIM among the constructors and contractors in North America have been the key driving factors for the North American market. The European market is expected to hold the second largest share during the forecast period.

3. The building, civil infrastructure, and industrial applications are expected to be the leading segments in the European BIM market. The present market is dominated by the players such as Autodesk Inc. (U.S.), Nemetschek SE (Germany), Trimble Navigation Limited (U.S.), and Bentley System, Inc. (U.S.), among many others. About MarketsandMarkets MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 stomers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Contact: Mr. Shelly Singh MarketsandMarkets INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email:sales@marketsandmarkets.com