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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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Global Building Information Modeling Market

Product ID: SQMIG45E2219