Building Information Modeling Market Size Worth $ 23.65 Billion By 2032 | CAGR: 13.6%

The global building information modeling market size is expected to reach USD 23.65 billion by 2032, according to a new study by Polaris Market Research. The report “Building Information Modeling Market Size, Share, Trends, Industry Analysis Report: By Solution Type (Software and Services);  Project Type; Deployment Type; Building Type; Application; End User; Region; Market Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Building Information Modeling (BIM) is a digital process that involves creating and managing information about a construction project throughout its lifecycle. It integrates various aspects of the building process, including design, construction, and operation, into a single coherent system.

The demand for building information modeling is driven by its ability to streamline project workflows and enhance collaboration across the construction industry. BIM allows architects, engineers, contractors, and facility managers to create detailed 3D models integrating architectural, structural, and MEP systems. As construction projects grow more complex, BIM becomes essential for managing intricate designs, optimizing sequencing, and ensuring efficient project execution.

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The key players drive demand for BIM by continuously innovating, expanding the functionalities of BIM software, integrating with complementary technologies, promoting industry standards, and providing specialized services that enhance project outcomes and efficiency in the construction industry. Their collective efforts contribute to the widespread adoption and evolution of BIM as a foundational technology in modern construction practices.

For instance, in April 2023, Eptura, a global worktech company, introduced significant upgrades to its Integrated Workplace Management System, Archibus. These enhancements enable facility management teams to utilize building operations data directly in the field. Additionally, Eptura introduced advanced bulk lease renewal capabilities, enhancing Archibus's Building Information Modeling (BIM) Viewer tool. These improvements empower post-construction teams to manage their buildings with enhanced efficiency and precision effectively.

Technological advancements such as cloud computing, AI, and IoT further enhance BIM's capabilities, enabling real-time collaboration and efficient communication among project teams. Thus, digital transformation continues to reshape the sector, BIM remains pivotal in driving efficiency, innovation, and competitiveness in construction projects worldwide.

Building Information Modeling Market Report Highlights

• In 2023, the software segment dominated the market, driven by Building Information Modeling (BIM) advancements. Cloud-based solutions and AI integration enhanced collaboration and efficiency, transforming construction project management and underscoring the industry's growing reliance on innovative software solutions.
• The AEC professional category is expected to witness the highest CAGR during the forecast period, driven by increasing adoption of BIM among architects, engineers, contractors, and facility managers to enhance project efficiency, reduce costs, and improve project outcomes.
• North America building information modeling market held a significant share in 2023 due to robust infrastructure development, stringent regulatory requirements promoting BIM adoption, and a high level of technological advancement in the construction sector.
• Building information modeling market in Asia Pacific is anticipated to grow at the highest CAGR during the forecast period, driven by rapid urbanization, infrastructure development initiatives, and increasing construction activities in countries including China, India, Japan, and Australia.
• The global key market players include ACCA software; Archidata Inc.; Asite; Autodesk Inc.; Beck Technology; Bentley Systems; Incorporated; Dassault Systemes; Hexagon AB; LOD Planner; Nemetschek Group; Pentagon Solutions LTD; pinnacleinfotech.com; Planon; Procore Technologies, Inc.; Revit Modeling India; Schneider Electric; Trimble Inc.; and Vectorworks, Inc.   

Polaris Market Research has segmented the building information modeling market report based on solution type, project type, deployment type, building type, application, end user, and region:   

By Type Outlook (Revenue - USD billion, 2019 - 2032)

• Software
• Services

By Project Type Outlook (Revenue - USD billion, 2019 - 2032)

• Preconstruction
• Construction
• Operations

By Deployment Type Outlook (Revenue - USD billion, 2019 - 2032)

• On Premises
• Cloud Based

By Building Type Outlook (Revenue - USD billion, 2019 - 2032)

• Residential
• Commercial
• Industrial
• Public Infrastructure
• Others

By Application Outlook (Revenue - USD billion, 2019 - 2032)

• Construction & Design
• Planning & Modelling
• Asset Management Building System Analysis & Maintenance Scheduling
• Others

By End User Outlook (Revenue - USD billion, 2019 - 2032)

• Builders & Contractors
• AEC Professionals
• Consultants & Facility Managers
• Others

By Regional Outlook (Revenue - USD billion, 2019 - 2032)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Building Information Modeling Report Scope