Welcome!

News Feed Item

At 16+% CAGR, Building Information Modeling Market (BIM) Potentially Worth $7.64 Billion by 2022 Led by Building Application

The building information modeling market (BIM) is forecast to reach $7.64 billion by 2022 from $3.58 billion in 2017 at a CAGR of 16.51% during (2017-2022) driven by the optimized project performance and increased productivity; enhanced communication and

PUNE, India, April 20, 2017 /PRNewswire-iReach/ -- Among all the major applications of the building information modeling market, the building applications have been driving the market. The building application expected to capture largest market share during the forecast period. The extensive usage of building information modeling in the construction of retail and commercial buildings in the countries such as the U.K. and the U.S. is driving the market for building applications. However, the market for industrial application is expected to capture the second largest share between 2016 and 2022. Complete report on "Building Information Modeling (BIM) Market" spread across 154 pages, profiling 10 companies and supported with 62 tables and 75 figures is now available at http://www.rnrmarketresearch.com/building-information-modeling-market-by-end-users-types-software-services-applications-commercial-residential-educational-industrial-healthcare-entertainment-and-sports-and-by-geography-market-report.html .

The building information modeling market for services is expected to grow at the highest rate during the forecast period. The market for services is estimated to grow at the highest rate between 2017 and 2022. The benefits offered by integrated BIM services in the construction process such as 2D drawings, 3D modeling, 4D scheduling, and 5D estimating power; and change management, clash management, visualization, layout, quantity take off, scheduling, and production control are expected to propel the growth of the BIM market for services. However, the building information modeling software segment is expected to hold largest market share of the BIM market between 2017 and 2022.

The building information modeling (BIM) market projected to grow at a significant rate. However, high costs of building information modeling software required for the execution of various construction processes and long training periods contributing to a decrease in the productivity of the construction companies are the key factors that are restraining the growth of the BIM market.

The building information modeling market in APAC expected to grow at a significant rate. In terms of different geographic regions, the market in the APAC region is expected to grow at the highest CAGR during the forecast period. This market growth can be attributed to the fast growing construction industry in APAC. Various initiatives by various countries such as the mandates by the Ministry of Land, Infrastructure, Transport, and Tourism in Japan and the establishment of unions such as China BIM Union to promote the coordinated development of the country's BIM technology, standards, and software in China, are also expected to contribute to the growth of the BIM market in APAC.

This research study is obliging for following audience:

  1. End users of BIM software and services such as construction managers/general contractors, architects, owners, engineers, and others 
  2. Building information modeling (BIM) software and service providers
  3. Research organizations and consulting companies
  4. Associations, organizations, forums and alliances related to BIM
  5. Government bodies such as regulating authorities and policy makers
  6. OEMs – white label manufacturing for others in bulk volume
  7. Industry associations
  8. Market research and consulting firm

The major players in the BIM market are Autodesk Inc. (U.S.), Nemetschek SE (Germany), Trimble Navigation Limited (U.S.), Bentley System, Inc. (U.S.), Asite Ltd. (U.K.), AVEVA (U.S.), RIB Software AG (Germany), Dassault Systèmes (France), Archidata Inc. (Canada), Intergraph Corporation (U.S.), Beck Technology, Ltd. (U.S.), Computers and Structures, Inc. (U.S.), Robert McNeel & Associates (U.S.), and Cadsoft (U.S.).Download PDF Brochure "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" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=231858 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (35%), Directors (25%) and others (40%) from various key organizations operating in the Building Information Modeling (BIM) Market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (20%), APAC (30%) and Row (5%).

Research Coverage: The report on the BIM market segments the market by type, project lifecycle, application, and geography. Depending on the type, the BIM market is segmented by type as software and services. Depending on various phases of project lifecycle, the BIM market is segmented on the basis of project lifecycle into pre-construction, construction, and operation. Depending on the adoption of BIM for various applications, the BIM market is segmented on the basis of applications, namely, buildings, civil infrastructure, oil & gas, industrial, utilities, and others. Lastly, the global BIM market is segmented into four regions, namely, North America, Europe, APAC, and RoW.

On a related note, another research titled Building Automation System Market Global Forecast to 2022 says, the building automation system (BAS) market was valued at $53.66 billion in 2016 and is expected to reach $99.11 billion by 2022, at a CAGR of 10.73% between 2017 and 2022. BAS market for security and access control systems expected to grow at the highest rate during the forecast period. BAS market in APAC likely to grow at the highest rate during the forecast period. Companies such as Honeywell International Inc. (U.S.), Siemens AG (Germany), Johnson Controls International PLC (Ireland), Schneider Electric SE (France), United Technologies Corp. (U.S.), Robert Bosch GmbH (Germany), Legrand SA (France), Hubbell Inc. (U.S.), ABB Ltd. (Switzerland), Ingersoll-Rand Plc (Ireland), Lutron Electronics Co., Inc. (U.S.), Crestron Electronics, Inc. (U.S.) and Building IQ (U.S.) have been profiled in this 189 pages research report available at http://www.rnrmarketresearch.com/global-building-automation-controls-market-2013-2018-by-product-lightingsecurity-accesshvacentertainmentoutdoor-elevator-controls-building-management-systems-bms-applicati-market-report.html .

About Us:

RnRMarketResearch.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

Connect with Us:

G+ / Google Plus: https://plus.google.com/104156468549256253075/posts

Twitter: https://twitter.com/RnRMR

Facebook: https://www.facebook.com/pages/RnR-Market-Research/413488545356345

RSS / Feeds: http://www.rnrmarketresearch.com/feed

Media Contact: Ritesh Tiwari, RnR Market Research, +1-888-391-5441, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE RnR Market Research

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Any startup has to have a clear go –to-market strategy from the beginning. Similarly, any data science project has to have a go to production strategy from its first days, so it could go beyond proof-of-concept. Machine learning and artificial intelligence in production would result in hundreds of training pipelines and machine learning models that are continuously revised by teams of data scientists and seamlessly connected with web applications for tenants and users.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...