Zion Market Research, the market research group announced the analysis report titled ‘Building Information Modeling Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Building Information Modeling Market: Overview
The building information modeling is nothing but the digital representation of the work that is under construction which is helpful to the constructional professionals, architects, and the engineers. The benefits of using the building information modeling are that it helps in planning, constructing, maintaining, designing and operating the various physical infrastructure along with the data exchange. In the recent years, this software tool has become very popular owing to the advantages such as money and time saving and the increased rate of investments.
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Global Building Information Modeling Market: Segmentation
The global building information modeling market is segmented into its solution type, type, end users, end-user industry, and geography. On the basis of the solution type, the market is divided into consultancy service and software. Based on the type the market is categorized into cloud-based software and on-premise software. The different end users of the building information modeling include contractors, developers, architects, and engineers. The different end-use industry includes water and wastewater, energy generation facilities, houses and apartments, educational institutes and commercial spaces, dams, rail transit and aviation, roads, bridges and highways, factories and warehouses and the government buildings. Region wise the global market is diversified into Asia-Pacific, Europe, North America, Latin America and the Middle East and Africa.
Global Building Information Modeling Market: Growth Factors
The different factors that are driving the building information market include the increasing number of the construction projects, growing demand for the automated models in the field of architecture, increase in the awareness about the benefits of the building information model and the rise in the engineering and the construction industry. The government instructions for the increased usage of the building information modeling tool in the constructions are triggering the market growth. The advancements in the technology help in managing the data at the remote server and the inter-coordination provided by the cloud-based solutions have generated many opportunities for the market growth. The use of the building information tool makes the scheduling and the budgeting of the constructional projects far more simplified.
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Global Building Information Modeling Market: Regional Analysis
The major contributor to the market growth is the North American region. The increase in the constructional projects and the utilization of the latest technologies have been the factors that have contributed to the market growth. Europe holds the second place in the building information modeling market growth. The factor that is driving the European market is the increased adoption of the BIM solutions by the construction clients of the local government is fueling the market growth. The growth in the construction industry in the countries such as China, India, and Japan has fueled the market growth in the Asia-Pacific region.
Global Building Information Modeling Market: Competitive Players
The leading market players in the building information modeling market include Pentagon Solutions Ltd., Dassault Systemes SA, Synchro Software Ltd., Autodesk Inc., Aecom, Beck Technology Ltd., Tekla Corporation, Bentley Systems Inc., Nemetschek AG and Graitec.
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Global Building Information Modeling Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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