Building Information Modeling Market
Building Information Modeling Market Study by Software and Services for Buildings, Oil & Gas, Civil Infrastructure, and Industrial from 2024 to 2034
Analysis of Building Information Modeling Market Covering 30+ Countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Building Information Modeling Market Outlook (2024 to 2034)
The global building information modeling market is expected to reach a size of US$ 22.9 billion by the end of 2034, up from US$ 7.9 billion in 2024. Worldwide sales of BIM solutions are projected to increase at a CAGR of 11.2% through 2034.
Building information modeling market growth is led by a substantial increase in population, leading to a surge in housing demand. Governments worldwide have been incentivizing companies in this market, and stakeholders globally are leveraging this to enhance their operations in residential structure design, presenting a viable growth opportunity for the BIM industry.
Adoption of software has brought about a paradigm shift in the architectural planning and modeling sector in recent years. The emergence of advanced digital design tools, computer-controlled manufacturing, and interconnectedness have heralded a new era in the design and construction process. Building information modeling has gained popularity due to its several advantages over traditional technologies such as paper-based design and modeling and CAD systems. Building information modeling essentially allows users to create an accurate, precise, geometric virtual model of a building's components and structures.
Building information modeling is a crucial tool in the construction sector. It is an innovative approach to the planning, design, construction, and management of buildings and infrastructure, involving the creation of digital representations of the physical and functional characteristics of a facility.
Growth of the market is also being driven by factors such as government mandates for building information modeling usage and the increasing adoption of digital technology in the construction sector. The high initial expenditure on BIM technology may potentially hamper the BIM market growth. Integration of virtual reality (VR) and augmented reality (AR) technologies with BIM is projected to provide significant growth opportunities during the forecast period.
| Report Attribute | Detail |
|---|---|
| Building Information Modeling Market Size (2024E) | US$ 7.9 Billion |
| Projected Market Value (2034F) | US$ 22.9 Billion |
| Global Market Growth Rate (2024 to 2034) | 11.2% CAGR |
| China Market Value (2034F) | US$ 2.5 Billion |
| Canada Market Growth Rate (2024 to 2034) | 11.7% CAGR |
| North America Market Share (2024E) | 23.9% |
| East Asia Market Value (2034F) | US$ 5.3 Billion |
| Key Companies Profiled | Aecom; Asite Solutions Limited; Beck Technology Ltd.; Nemetschek AG; Synchro Software Ltd.; Pentagon Solutions Ltd.; Bentley Systems Inc.; Dassault Systemes Sa.; Trimble Navigation Ltd. |
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How is Urbanization Contributing to Rising Need for Building Information Modeling?
“Increasing Need for Improved Infrastructure for Personal and Commercial Structures”
Growing urbanization worldwide is the primary factor driving the building information modeling market share. As the global population increases, there is a greater need for improved infrastructure for personal and commercial needs, which is driving the expansion of the construction sector. Market expansion is driven by improved data transmission and coordination among many stakeholders, along with increased construction productivity. All of these factors are giving BIM users a competitive advantage
Government regulations for BIM usage throughout the world as well as the expansion of the construction sector are also driving market growth. Advancements in data management technologies at remote servers and improved inter-user coordination via cloud-based solutions are projected to give rise to lucrative opportunities for market expansion during the forecasted period from 2024 to 2034.
Why are Governments Worldwide Mandating Use of Building Information Modeling?
“Growing Emphasis on Ensuring Standardization and Efficiency in Construction Projects”
Government policies and laws promoting the use of BIM solutions in the development of public and private infrastructure in various areas are contributing to the expansion of the building information modeling market size. Most nations in North America have made the use of BIM for commercial projects mandatory.
Countries such as Singapore and the United Arab Emirates have legislation governing the use of BIM in infrastructure, industrial, and commercial projects. As governments worldwide increasingly require the use of BIM in public infrastructure projects, companies proficient in BIM stand to gain a competitive edge. These regulations not only ensure standardization and efficiency in construction projects but also open up new avenues for businesses skilled in BIM.
Growing demand for BIM services, driven by these governmental requirements, is expected to generate substantial revenue for market leaders. This trend underscores the importance for companies in the digital engineering sector to invest in BIM capabilities, positioning themselves to capitalize on these emerging opportunities.
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Country-Wise Insights
Fact.MR, a market research and competitive intelligence provider, asserts through its updated report analysis that North America is calculated to hold 24.3% share of the global market by 2034. Providers of building information modeling solutions have expanded their global footprint reaching diverse regions such as Southeast Asia, Central and South America, and Australia.
Which Building Information Modeling Market Trends are Significant in the United States?
“Integration of 3D Modeling Software and Cloud Computing in Construction”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 800 Million |
| Growth Rate (2024 to 2034) | 11.7% CAGR |
| Projected Value (2034F) | US$ 2.5 Billion |
Growing awareness about maintaining sustainability and a rising focus on cost-effective construction solutions are driving market growth in the United States. Integration of digital tools, three-dimensional (3D) modeling software, cloud computing, and data analytics is also contributing to market expansion. Government regulations mandating and governing BIM usage in the country and the increasing adoption of technological advancements in construction are significant drivers. Increasing investments in infrastructure development along with government support for digitalization in the construction sector have led the United States to occupy a substantial share of the North American market.
Which Key Factors are Propelling Building Information Modeling Solution Sales in China?
“Increased Urbanization and Infrastructure Development and Focus on BIM Training”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 900 Million |
| Growth Rate (2024 to 2034) | 11.2% CAGR |
| Projected Value (2034F) | US$ 2.5 Billion |
Increase in sales of building information modeling solutions in China is led by the quality of personnel and investment in personnel training. The standardization of BIM and the influence of experts also play a significant role. BIM offers many advantages, such as improved design accuracy, enhanced collaboration among stakeholders, reduced project timelines, and cost savings. These benefits appeal to companies in the construction sector, thus driving BIM adoption.
Growing awareness of the benefits of building information modeling solutions in the nation’s construction sector is significantly benefitting market players. Educational institutions and professional training programs are focusing on BIM to enhance the skills of the workforce. Increased urbanization and major infrastructure development projects are necessitating the use of advanced construction management tools. Given the complexity and scale of infrastructure projects, including the construction and upkeep of transportation networks, BIM solutions play a crucial role in ensuring efficiency and cost savings.
Category-wise Insights
The building information modeling market is segmented into software and services by type. Out of these two segments, software is set to account for a leading building information modeling share of 80% in 2024.
How is Shift toward Cloud-Based BIM Software Transforming the Construction Sector?
“Cloud-based BIM Providing Easy Access to Data and Real-time Collaboration among Teams”
| Attribute | Software |
|---|---|
| Segment Value (2024E) | US$ 6.3 Billion |
| Growth Rate (2024 to 2034) | 10.9% CAGR |
| Projected Value (2034F) | US$ 17.8 Billion |
Increasing adoption of building information modeling software is due to its user-friendliness. The shift towards cloud-based solutions is a key market trend. Construction projects are benefiting from the use of cloud-based BIM software as it offers easy access to project data from anywhere, automatic software updates, and real-time collaboration among team members. All of these factors are contributing to the substantial market share of BIM software.
How are Civil Infrastructure Projects Benefitting from Use of BIM?
“BIM Enabling Efficient Project Scheduling and Post-Construction Facility Management”
| Attribute | Civil Infrastructure |
|---|---|
| Segment Value (2024E) | US$ 2.8 Billion |
| Growth Rate (2024 to 2034) | 9.9% CAGR |
| Projected Value (2034F) | US$ 7.3 Billion |
The civil infrastructure application segment accounts for a leading market share due to the increasing recognition of BIM's benefits across various project types. The use of BIM in civil infrastructure projects facilitates efficient planning, designing, construction, and maintenance of roads, bridges, and tunnels. This enables the development of virtual models and contributes to efficient project scheduling and cost estimation, as well as supporting post-construction facility management.
BIM is integrated with other technologies, such as geographic information systems (GIS) for spatial data analysis to enhance the planning and management of infrastructure projects.
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Competitive Landscape
Key players in the building information modeling industry are capitalizing on the increasing demand for efficient and sustainable construction practices. The challenges related to industry-wide implementation, standardization, and the need for professional training in BIM technologies can slow down market growth.
- In 2023, Asite took over the United Kingdom-based 3D Repo, a pioneer in the field of cloud-based building information modeling (BIM) collaboration software. This strategic acquisition strengthens Asite’s standing as a frontrunner in the digital engineering sector, equipping customers with sophisticated tools to oversee the complete construction process.
Fact.MR provides detailed information about the price points of key building information modeling solution providers positioned across the world, sales growth, and speculative technological expansion, in this recently updated market report.
Key Segments of Building Information Modeling Market Research
-
By Type :
- Software
- Services
-
By Application :
- Building
- Oil & Gas
- Civil Infrastructure
- Industrial
-
By End User :
- AEC
- Contractors
- Facility Managers
-
By Region :
- North America
- Latin America
- Eastern Europe
- Western Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
- FAQs -
How big is the building information modeling market?
The global building information modeling market is valued at US$ 7.9 billion in 2024.
What are the projections for the building information modeling market?
The market for building information modeling has been forecasted to expand at 11.2% CAGR and reach US$ 22.9 billion by 2034.
What is the forecasted market growth in North America?
The North American market is forecasted to increase at 11.4% CAGR through 2034.
What is the projected market value in East Asia for 2034?
East Asia is projected to reach a market value of US$ 5.3 billion by 2034.
What are the United States market projections?
The United States market for building information modeling is projected to expand at 11.7% CAGR.
How much is the market in China valued at?
The market in China is estimated at US$ 900 million in 2024.
What is the projected market growth in Japan?
The Japan market is projected to rise at 11.7% CAGR by 2034-end.
Building Information Modeling Market