DUBLIN--(BUSINESS WIRE)--The "Global Building Information Modelling Market - Segmented by Solution Type (Software, Service), Application, End-User and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Global Building Information Modelling (BIM) market was estimated to be worth USD 5.265 billion in 2017, and is projected to reach USD 14.033 billion by 2023, registering a CAGR of 17.5% over the forecast period of 2018-2023.
In the recent years, owing to its benefits over the existing solutions, such as paper-based design and modeling, and CAD systems, BIM has recorded an increasing adoption. The emergence of BIM has created a paradigm shift within the architecture, engineering, construction, and operations (AECO) industry, by changing the way construction activities are planned, designed, built, and managed.
With growing population, there has been a rise in the demand for the residential sector, and various governments are providing incentives for the growth of this sector. For instance, the UK government aims to make Level 2 BIM mandatory for all publicly-funded projects from 2016 onwards, which is expected to subsequently help Europe account for the largest market share in the near future.
In the Asia-Pacific region, the growth in the market is augmented by the growth of the construction industry in countries, such as China and India. Government-aided schemes such as Smart Cities in India, which plan to develop 100 cities with revamped infrastructure in the country, is further expected to drive the demand for BIM solutions.
- Autodesk Inc.
- Asite Solutions Ltd
- Bentley Systems Inc.
- Dassault Systems SA
- Nemetschek SE
- Trimble Inc.
- Aveva Group PLC
- Bimeye Inc.
- Positioning Systems Inc.
- Rib Software AG
- Clearedge3D Inc.
- Hexagon AB
Key Topics Covered:
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Building Information Modelling Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Outlook of Building Information Modelling Market
For more information about this report visit https://www.researchandmarkets.com/research/jmsddj/global_building?w=4