Global Building Information Modeling Market

Building Information Modeling Market Size, Share, Growth Analysis, By Component(Software and services), By Application(Commercial, residential) - Industry Forecast 2024-2031


Report ID: SQMIG45E2219 | Region: Global | Published Date: February, 2024
Pages: 197 | Tables: 62 | Figures: 75

Building Information Modeling Market Insights

Building Information Modeling Market size was valued at USD 5.95 billion in 2021 and is poised to grow from USD 6.71 billion in 2022 to USD 17.59 billion by 2030, at a CAGR of 12.8% during the forecast period (2023-2030).

Global Building Information Modeling (BIM) Market is an innovative and rapidly growing industry that provides a digital representation of a building's physical and functional characteristics. The purpose of BIM is to create a collaborative and coordinated approach to construction projects, where all stakeholders can access and share the same information in real time. This enables improved efficiency, and accuracy, and reduces the likelihood of errors during the construction process. The market is being driven by several factors, including the increasing demand for sustainable and energy-efficient buildings, rising construction activities in developing countries, and the growing need for better communication and collaboration between project teams. Additionally, the increasing use of BIM in smart cities and the growing adoption of cloud-based BIM solutions are further propelling market growth. However, the market is also facing some challenges, including the high cost of implementing BIM technology, a lack of awareness about BIM in some regions, and a shortage of skilled professionals in the industry. Nevertheless, the key trends in the market are the integration of BIM with other technologies like artificial intelligence and the Internet of Things (IoT), the development of BIM software for mobile devices, and the growing popularity of modular and prefabricated construction. In terms of opportunities, the market is expected to witness significant growth in the Asia Pacific region, particularly in China and India, due to increasing construction activities and the growing focus on infrastructure development. Additionally, the adoption of BIM by government agencies for infrastructure projects and the increasing use of BIM in the healthcare and education sectors are expected to create lucrative opportunities for market players.

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Building Information Modeling Market Segmental Analysis

Global Building Information Modeling Market is segmented on the basis of component, application, and region. By component, the market is segmented into software and services. By application, the market is segmented into commercial, residential, institutional, and industrial. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Building Information Modeling Market Analysis by Component

The software segment represents the largest component in the global BIM market. BIM software provides a digital representation of the physical and functional characteristics of a building or infrastructure project throughout its lifecycle. It enables efficient collaboration, information sharing, and data integration among stakeholders, resulting in improved project outcomes. The adoption of BIM software has been driven by various factors. Firstly, the software offers enhanced project visualization and design capabilities, allowing architects, engineers, and contractors to create detailed 3D models and simulations. This facilitates better project planning, reduces errors, and improves overall project efficiency. Additionally, BIM software enables the integration of various project data, such as cost estimation, scheduling, and material specifications, resulting in better decision-making and cost optimization. With the increasing emphasis on sustainability and energy efficiency in the construction industry, BIM software's ability to simulate energy performance and analyze environmental impacts has become crucial. It helps identify opportunities for energy savings, optimize building systems, and ensure compliance with sustainability standards. These factors have led to a high demand for BIM software, making it the largest segment in the global market.

While the software segment dominated the market, the services segment is the fastest growing component. BIM services encompass a range of offerings, including consulting, implementation, training, and support, aimed at helping organizations successfully adopt and leverage BIM technology.

As BIM adoption continues to expand globally, organizations face challenges in implementing and utilizing BIM effectively. This has created a growing demand for specialized services that can assist companies in navigating the complexities of BIM implementation, training their workforce, and providing ongoing technical support. BIM services play a vital role in enabling a smooth transition to BIM workflows, especially for companies that are new to the technology or seeking to upgrade their existing processes. These services help organizations optimize their BIM workflows, integrate BIM with other systems, and ensure interoperability among project stakeholders. Additionally, BIM services facilitate knowledge transfer, ensuring that the workforce is proficient in using BIM tools and techniques. The services segment's rapid growth is driven by the increasing awareness among industry participants about the benefits of BIM and the need for specialized expertise to maximize its potential. Organizations recognize the importance of partnering with experienced BIM service providers to streamline their processes, enhance collaboration, and achieve improved project outcomes.

Building Information Modeling Market Analysis by Application

The commercial sector dominated the global BIM market. With its widespread application across commercial projects such as office buildings, retail complexes, hotels, and mixed-use developments, BIM has revolutionized the way construction projects are planned, designed, and executed in the commercial sector. The adoption of BIM in the commercial sector is driven by the need for enhanced project collaboration, improved cost and schedule management, and increased efficiency in the construction process. BIM enables stakeholders to visualize and simulate the project before its actual construction, facilitating better decision-making, reducing errors, and optimizing resource allocation. This results in significant cost savings and improved project outcomes for commercial developers and owners. The commercial sector's substantial investment in large-scale projects, coupled with the increasing demand for sustainable and energy-efficient buildings, has further propelled the adoption of BIM. By leveraging BIM's capabilities, commercial stakeholders can optimize building performance, incorporate green design principles, and streamline facility management throughout the building's lifecycle.

While the commercial sector remains the largest segment, the residential sector is experiencing rapid growth and is poised to be the fastest-growing segment within the global market. The residential sector encompasses residential buildings such as apartments, condominiums, housing complexes, and individual homes. The growing demand for housing, coupled with increasing urbanization and infrastructure development, has spurred the adoption of BIM in the residential sector. BIM offers significant advantages in residential construction, enabling efficient collaboration between architects, engineers, contractors, and other stakeholders involved in the project. In the residential sector, BIM helps streamline the design and construction processes, leading to faster project completion, reduced costs, and improved quality. BIM enables accurate visualization of the project, allowing homeowners to better understand the final outcome and make informed decisions regarding design options, finishes, and materials. Furthermore, BIM's integration with energy modeling tools and sustainability analysis enables residential developers to optimize energy performance and incorporate green building practices. This aligns with the growing demand for energy-efficient and environmentally-friendly residential buildings, driving the adoption of BIM in the sector.

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Building Information Modeling Market Regional Insights

North America dominated the global market, with its technologically advanced construction industry and a strong focus on infrastructure development. The region's robust adoption of BIM solutions can be attributed to its numerous benefits, such as improved project efficiency, reduced costs, and enhanced collaboration among stakeholders. With a market share of over 40.34%, North America boasts a mature BIM ecosystem, driven by prominent players and government initiatives promoting digital transformation in construction.

The Asia-Pacific region showcases the highest growth potential in the global BIM market. Rapid urbanization, expanding construction activities, and government initiatives supporting infrastructure development are propelling the adoption of BIM across countries like China, India, and Southeast Asian nations. This growth can be attributed to the region's large-scale infrastructure projects, including smart cities, transportation networks, and commercial complexes. The transformative power of BIM in streamlining construction processes, minimizing errors, and optimizing resource allocation aligns perfectly with the region's vision for sustainable and efficient urban development. As a result, the Asia-Pacific region presents a lucrative opportunity for BIM providers, with an increasing number of construction firms recognizing its potential to deliver projects on time and within budget.

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Building Information Modeling Market Dynamics

Building Information Modeling Market Drivers

Growing demand for green buildings

  • The increasing focus on sustainable practices in the construction industry is driving the demand for BIM software that enables designers and engineers to optimize building performance, reduce energy consumption and carbon emissions, and achieve green building certifications. For example, the use of BIM software helped the architects of the Sydney Opera House to design a more energy-efficient HVAC system, reducing energy consumption by 10%.

Rising government initiatives and investments in infrastructure

  • Governments across the world are investing in infrastructure development, which is fueling the demand for BIM solutions to streamline construction projects, reduce costs, and improve project outcomes. For example, the UK government mandated the use of BIM for all public projects, which led to a significant increase in the adoption of BIM software in the country.

Building Information Modeling Market Restraints

High implementation costs

  • The implementation of BIM software requires significant investment in hardware, software, and training, which can be a barrier for small and medium-sized enterprises (SMEs) and construction firms with limited budgets.

Resistance to change

  • The traditional construction industry has been slow to adopt digital technologies like BIM, and there is often resistance to change from stakeholders who are used to traditional processes.

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Building Information Modeling Market Competitive Landscape

Global Building Information Modeling (BIM) Market is highly competitive and characterized by the presence of several key players. These players strive to gain a significant market share by offering innovative BIM solutions and expanding their geographical presence. Some of the leading companies operating in the global BIM market compete based on factors such as product features, pricing, scalability, integration capabilities, and customer support. They focus on developing advanced BIM software tools that facilitate collaborative design, 3D modeling, clash detection, project management, and construction documentation. Additionally, strategic partnerships, mergers, and acquisitions are common strategies employed by these players to expand their product portfolios and strengthen their market position. The global market is witnessing continuous technological advancements, including the integration of BIM with emerging technologies like artificial intelligence, virtual reality, and the Internet of Things (IoT). This competitive landscape drives innovation in the industry and provides customers with a wide range of BIM solutions tailored to their specific needs, leading to a dynamic and evolving market.

Top Player’s Company Profiles in Building Information Modeling Market

  • Nemetschek SE (Germany)
  • Dassault Systèmes SE (France)
  • Hexagon AB (Sweden)
  • Asite Limited (UK)
  • Aveva Group plc (UK)
  • Archidata Inc. (Canada)
  • RIB Software SE (Germany)
  • Beck Technology Ltd. (US)
  • Graphisoft SE (Hungary)
  • Vectorworks, Inc. (US)
  • Procore Technologies, Inc. (US)
  • Newforma, LLC (US)
  • PlanGrid, Inc. (US)
  • Accruent, LLC (US)
  • PlanRadar GmbH (Austria)
  • Bluebeam, Inc. (US)
  • ConstructConnect (US)

Building Information Modeling Market Recent Developments

  • In November 2022, Bentley Systems made an exciting announcement regarding its iTwin Platform. The company unveiled new capabilities that greatly expand the range and interoperability of infrastructure data available to engineering firms and owner-operators. These enhanced capabilities empower users to create and leverage digital twins in various workflows, including design, construction, and operations. The new iTwin Platform capabilities serve as the backbone for Bentley Infrastructure Cloud, a comprehensive suite of solutions that cover the entire infrastructure lifecycle and value chain. This includes renowned products like ProjectWise, SYNCHRO, and AssetWise, providing seamless integration and interoperability across different stages of infrastructure projects.
  • In September 2022, Autodesk introduced a suite of advancements within the Autodesk Construction Cloud reality. These enhancements aim to simplify the utilization and maximize the value of Building Information Modeling (BIM) for construction project teams. The updates focus on facilitating streamlined workflows and enabling prompt decision-making by granting all stakeholders immediate access to critical model data and information. By bridging the gap between the office and the field, team members can seamlessly collaborate and leverage BIM to improve efficiency and productivity throughout the project lifecycle.

Building Information Modeling Key Market Trends

  • Adoption of cloud-based BIM solutions: Cloud-based BIM solutions are becoming increasingly popular as they offer benefits such as remote access, collaboration, and scalability. For example, Autodesk's BIM 360 platform is a cloud-based solution that enables project teams to collaborate in real time, reducing the risk of errors and delays.
  • Integration of BIM with other technologies: BIM is being integrated with other technologies like artificial intelligence (AI) and virtual reality (VR) to improve project outcomes. For example, AI algorithms can analyze BIM data to identify potential design errors, while VR technology can be used to visualize building designs and identify potential issues before construction.

Building Information Modeling Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Building Information Modeling (BIM) Market analysis, the market is driven by factors such as increasing infrastructure development projects, growing adoption of cloud-based BIM solutions, and the need for efficient project management and cost control in the construction industry. Additionally, the integration of BIM with emerging technologies like artificial intelligence (AI) and virtual reality (VR) is expected to further propel market growth. However, challenges such as high implementation costs and a lack of skilled professionals may hinder the market's progress. Overall, the market research analyst predicts a positive outlook for the global BIM market in the coming years.

Report Metric Details
Market size value in 2023 USD 5.95 billion
Market size value in 2031 USD 17.59 billion
Growth Rate 12.8%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Software and services
  • Application
    • Commercial, residential, institutional, and industrial
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Nemetschek SE (Germany)
  • Dassault Systèmes SE (France)
  • Hexagon AB (Sweden)
  • Asite Limited (UK)
  • Aveva Group plc (UK)
  • Archidata Inc. (Canada)
  • RIB Software SE (Germany)
  • Beck Technology Ltd. (US)
  • Graphisoft SE (Hungary)
  • Vectorworks, Inc. (US)
  • Procore Technologies, Inc. (US)
  • Newforma, LLC (US)
  • PlanGrid, Inc. (US)
  • Accruent, LLC (US)
  • PlanRadar GmbH (Austria)
  • Bluebeam, Inc. (US)
  • ConstructConnect (US)
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Building Information Modeling Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Building Information Modeling Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Building Information Modeling Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Building Information Modeling Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Building Information Modeling Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Building Information Modeling Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Building Information Modeling Market size was valued at USD 5.95 billion in 2021 and is poised to grow from USD 6.71 billion in 2022 to USD 17.59 billion by 2030, at a CAGR of 12.8% during the forecast period (2023-2030).

Building Information Modeling (BIM) Market is highly competitive and characterized by the presence of several key players. These players strive to gain a significant market share by offering innovative BIM solutions and expanding their geographical presence. Some of the leading companies operating in the BIM market compete based on factors such as product features, pricing, scalability, integration capabilities, and customer support. They focus on developing advanced BIM software tools that facilitate collaborative design, 3D modeling, clash detection, project management, and construction documentation. Additionally, strategic partnerships, mergers, and acquisitions are common strategies employed by these players to expand their product portfolios and strengthen their market position. The market is witnessing continuous technological advancements, including the integration of BIM with emerging technologies like artificial intelligence, virtual reality, and the Internet of Things (IoT). This competitive landscape drives innovation in the industry and provides customers with a wide range of BIM solutions tailored to their specific needs, leading to a dynamic and evolving market. 'Autodesk, Inc. (US)', 'Bentley Systems, Incorporated (US)', 'Trimble Inc. (US)', 'Nemetschek SE (Germany)', 'Dassault Systèmes SE (France)', 'Hexagon AB (Sweden)', 'Asite Limited (UK)', 'Aveva Group plc (UK)', 'Archidata Inc. (Canada)', 'RIB Software SE (Germany)', 'Beck Technology Ltd. (US)', 'Graphisoft SE (Hungary)', 'Vectorworks, Inc. (US)', 'Procore Technologies, Inc. (US)', 'Newforma, LLC (US)', 'PlanGrid, Inc. (US)', 'Accruent, LLC (US)', 'PlanRadar GmbH (Austria)', 'Bluebeam, Inc. (US)', 'ConstructConnect (US)'

The increasing focus on sustainable practices in the construction industry is driving the demand for BIM software that enables designers and engineers to optimize building performance, reduce energy consumption and carbon emissions, and achieve green building certifications. For example, the use of BIM software helped the architects of the Sydney Opera House to design a more energy-efficient HVAC system, reducing energy consumption by 10%.

Adoption of cloud-based BIM solutions: Cloud-based BIM solutions are becoming increasingly popular as they offer benefits such as remote access, collaboration, and scalability. For example, Autodesk's BIM 360 platform is a cloud-based solution that enables project teams to collaborate in real time, reducing the risk of errors and delays.

North America dominated the market, with its technologically advanced construction industry and a strong focus on infrastructure development. The region's robust adoption of BIM solutions can be attributed to its numerous benefits, such as improved project efficiency, reduced costs, and enhanced collaboration among stakeholders. With a market share of over 40.34%, North America boasts a mature BIM ecosystem, driven by prominent players and government initiatives promoting digital transformation in construction.

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