According to MarketIntelReports “Building Information Modelling Market: By Type(Software, Service), By End-user(Architects, Engineer, Owners), By Vertical(Commercial, Residential, Educational) & By Region – Forecast(2016 – 2021)”
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Scope & Regional Forecast of the Building Information Modeling Market
Building Information Modeling is defined as the development and use of computer n- dimensional models for controlling, stimulating a plan, design, construction and operation of a facility. The Building Information Modeling Market produces bim application that can reduce time costs, save time, and improve the speed of the process. Bim modeling can be seen as the next generation process in the construction industry. It can used for designing buildings and managing project data for important decisions to be taken.
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The Building Information Market is expected to grow in regions which have access to latest technologies and high strategic planning in the field of data management. Countries like Australia, Canada, Japan, France, New Zealand, US, UK, South Korea, and Brazil show a high use of bim management. Most of the countries have started using bim system to boost infrastructural development. High costs of bim application is an inhibitor for the market. But with cloud based software, the Building Information Modeling Market is sure to see a surge.
Asia and North Pacific have been showing a high demand for bim modelling. North America is dominant in the market. Growth in Europe is also great. The use of bim system by the local government construction clients will fuel the demand in the market. Bim management is sure increase segments like dams, bridges, roads, highways, education institutes, energy generation facilities, government buildings, apartments, houses, etc. Opportunities for bim implementation can also rise with the increase of construction projects in suburban areas.
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Segmentations & Key Players Involved in the Building Information Modeling Market
The Building Information Modeling Market be broken down into various segments as follows:
- Type- Software and service.
- Vertical- Commercial, Residential, Educational, Healthcare, Industrial, Entertainment, Sports and Others.
- End User- Construction Managers/General Contractors, Architects, Owners, Engineers and Others.
- Regions- North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).
Some of the key players involved in the Building Information Modeling Market are as follows:
- Autodesk, Inc.
- Nemetschek Ag
- Bentley Systems, Inc.
- Trimble Navigation Ltd
- Asite Solutions Ltd.
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