Building Information Modeling (BIM) Market Projected to reach 7.64 Billion USD by 2022 | Key Players Include Autodesk Inc., Nemetschek SE and Trimble Navigation Limited


According to the new market research report "Building Information Modeling (BIM) Market by Type (Software, Services), Project life cycle (Pre-construction, Construction, Operation), Application (Buildings, Civil Infrastructure, Oil & Gas, Industrial, Utilities), Geography - Global Forecast to 2022", the market is expected to grow from USD 3.56 Billion in 2017 to USD 7.64 Billion in 2022, at a CAGR of 16.51% during the forecast period.             
    
The optimized project performance and increased productivity; enhanced communication and coordination throughout the asset life cycle management process in the construction industry due to adoption of BIM; and government mandates for the usage of BIM in several developed countries are the key driving factors for the building information modeling market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=146901412

Software are expected to lead the global BIM market between 2017 and 2022

The software segment held a major share of the BIM market in 2016. The high demand for cost-effective construction processes & their ease of handling and benefits of design modeling software are some of the factors responsible for the high adoption of building information modeling software in the architectural, engineering, and construction (AEC) industry. However, the BIM market for services is expected to grow at the highest CAGR during the forecast.

The market for industrial application is expected to grow at the highest rate between 2017 and 2022

There would be a significant rise in the market for the industrial application between 2017 and 2022. The growth of the BIM market for industrial application is attributed to the fact that building information modeling provides digital prototyping analysis and simulation, thereby shortening the construction period while consistently improving productivity and reducing risks associated with construction projects in the industrial sector.

The BIM market in the North American region is expected to capture the largest market share during the forecast period

The market in the North American region is expected to hold the largest market share between 2017 and 2022. The stabilized constructions of commercial and residential buildings coupled with growing awareness about the benefits of BIM among the constructors and contractors in North America have been the key driving factors for the North American market. The European market is expected to hold the second largest share during the forecast period. The building, civil infrastructure, and industrial applications are expected to be the leading segments in the European BIM market.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=146901412

The present market is dominated by the players such as Autodesk Inc. (U.S.), Nemetschek SE (Germany), Trimble Navigation Limited (U.S.), and Bentley System, Inc. (U.S.), among many others.

Comments

Post a Comment

Popular posts from this blog

Global RFID Market Report, Industry Size, Share, Statistics & Growth 2032

The RFID market stands at the forefront of the Internet of Things (IoT) revolution, with its applications spanning across industries like retail, healthcare, logistics, and manufacturing. According to a comprehensive report by MarketsandMarkets, the global RFID market size is projected to reach USD 40.9 billion by 2032 from USD 15.8 billion in 2023; it is expected to grow at a CAGR of 11.1% from 2023 to 2032. This growth is indicative of the increasing adoption of RFID technology as a powerful enabler of connectivity and data visibility. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=446 RFID tags are predicted to have the biggest market share in 2022 based on offerings. With a sizeable chunk of the market share in 2022, tags are the fundamental components of an RFID system. They are extensively used in large numbers across a variety of applications, which makes this market segment the dominating player. Notably, the number of tags that are in use
Read more

Global Fire Protection System Market Report, Industry Size, Share, Statistics & Growth 2027

The Fire Protection Systems Market share is a linchpin in the broader safety and security industry, providing essential solutions to mitigate the risk of fires and protect lives and assets. According to a comprehensive report by MarketsandMarkets, the global fire protection system market size is expected to reach USD 92.1 billion by 2027 from an estimated USD 66.8 billion in 2022, growing at a CAGR of 6.6% during the forecast period from 2022 to 2027. This growth reflects the increasing emphasis on fire safety across various sectors. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1018 Market Drivers: Stringent Regulatory Standards: Governments and regulatory bodies worldwide are imposing stringent standards for fire safety across industries. The Fire Protection Systems Market responds by offering solutions that comply with these standards, ensuring that buildings and facilities adhere to the necessary safety regulations. Rising Urbanization a
Read more

Global Multilayer Ceramic Capacitor Market Report, Industry Size, Share, Statistics & Growth 2027

The multilayer ceramic capacitor market is expected to grow from USD 14.0 billion in 2022 to USD 26.6 billion by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.8% from 2022 to 2027. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=639   The market has a promising growth potential due to several driving factors including, growing demand from automotive industry due to advent of EVs; increasing adoption in telecommunications end-user industry due to rapid development of 5G technology; and rising incorporation of MLCCs in smartphones, smart wearables, and other electronic devices further drives the multilayer ceramic capacitor market. The Class I dielectric type segment is expected to account for the larger size of the MLCC market throughout the forecast period. It is further expected to grow at a significant rate during the forecast period. Class I MLCCs have low capacitance values, but they have near-perfect capacitance s
Read more