BIM Software Market – Insights on Upcoming Trends 2032

BIM Software Market Overview:

The BIM Software Market 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).

Building Information Models (BIM) are computer files that can be removed, swapped, or networked to back decision-making regarding a built asset. It is cast off by individuals, businesses, and government agencies who are scheduling, constructing, operating, and maintaining numerous physical infrastructures which contain roads, railways, bonds, etc. BIM software contains computer-aided design products which are usually used in the architecture and construction industries. Products in these proposal tools and libraries are specifically targeted toward architectural design and construction.

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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

The COVID-19 epidemic has harshly impacted the construction and building industry. The uneven and unorganized construction and infrastructure sector are facing extreme challenges because of the eruption. Instabilities during the lockdown in manpower, material, plants, equipment, and construction projects are likely to negate its anticipated growth. Further, the growing cost of construction, as well as professional & skilled labor fees, is likely to impact industry growth. However, the pandemic has resulted in a change toward remote working environments.

Regional Analysis:

North America is anticipated to dominate the revenue share during the forecast period. The initial adoption of advanced digital tools and the government’s mandate on implementing BIM software is likely to enhance market growth. Similarly, South America will show substantial growth during the forecast period due to the growing spending on building and infrastructure.

Asia Pacific is anticipated to show remarkable growth during the forecast period due to the growing smart city projects across multiple nations such as China, India, South Korea, and Singapore. The rising urbanization is boosting the demand for efficient and advanced solutions in construction and infrastructure. China is anticipated to dominate the region due to the vast number of planned infrastructure projects in the country. The country has planned three large-scale construction missions using BIM software such as Shanghai Tower, and Shanghai Disneyland Resort. This is likely to lift the market growth.

Europe is anticipated to rank second in terms of market share during the forecast period. Governments of countries such as the U.K., Sweden, Germany, and France, have mandated the implementation of BIM in public projects. Further, the substantial existence of prominent players in the region is likely to drive growth.

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Market Segmentation:

The global BIM Software Market has been segmented into vehicle type and application.

Based on Type, The global BIM Software Market has been segmented into 3D BIM – Design Models, 4D BIM – Construction Dynamics, 5D BIM – Cost, 6D BIM – Built Facilities, 7D BIM – Environmental Protection, and 3D BIM – Design Models. 3D BIM – Design Model is the greatest used type in 2020 With about 64.56% market share.

Based on Application, The global BIM Software Market has been segmented into Architect, AEC Engineering Office, Contractor, Owner, and Others. The contractor's segment occupied most of the market share of about 33.67% in 2020 Followed by the architect segment with a 25.5% market share.

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