Global Building Information Modeling Market

Global Building Information Modeling Market By Component (Solution, Services), By Deployment Mode (On-premise, Cloud-Based), By Application (Planning & Modeling, Asset Management, Construction & Design, Building System Analysis, Others) and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2027.

Frequently Asked Questions (FAQ):

Building information modeling (BIM) is an advanced 3D visualization of building design supported by several technologies, tools and contracts of digital representations of a building.

The building information modeling market size was valued at USD 4.5 Billion in 2020 and projected to reach USD 12.11 Billion by 2027, growing at a CAGR of 15.2% during the forecast period, 2020-2027.

The major drivers for the building information modeling market are rapid urbanization, developed construction productivity and an increase in infrastructure projects.

North America is expected to project considerable growth over 2020-2026 due to the wide adoption of building information modeling by engineers, consultants and many others and the increasing adoption of cloud-based engineering software in the region.

Bentley Systems Inc., Tekla Corporation, Beck Technology Ltd., AECOM, Autodesk Inc., Nemetschek AG, Trimble, Dassault Systems, Pentagon Solutions Ltd., Synchro Software Ltd. are the key players in the global building information modeling market.

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