Building Information Modeling (BIM) Market to Reach $7.64 Billion by 2022: High Costs of Building Information Modeling Software Limits Growth - Research and Markets

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Research and Markets

18 Apr, 2017, 16:30 GMT

DUBLIN, Apr 18, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Building Information Modeling (BIM) Market - Global Forecast to 2022" report to their offering.

The BIM market is expected to grow from USD 3.58 billion in 2017 to USD 7.64 billion by 2022, at a CAGR of 16.51% during the forecast period.

The enhanced communication and coordination through the asset lifecycle management process and government mandates for the usage of building information modeling in several developed countries are some of the major drivers for the BIM market. 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 BIM market for services is expected to grow at the highest rate during the forecast period. 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.

Companies Mentioned

  • Archidata Inc.
  • Asite Ltd.
  • Autodesk, Inc.
  • Aveva
  • Beck Technology, Ltd.
  • Bentley Systems, Inc.
  • Cadsoft
  • Computers and Structures, Inc.
  • Dassault Systèmes
  • Intergraph Corporation
  • Key Innovators
  • Nemetschek SE
  • RIB Software AG
  • Robert Mcneel & Associates
  • Trimble Navigation Limited

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Building Information Modeling Market Analysis, By Type

8 Building Information Modeling Market, By Project Life Cycle

9 Building Information Modeling Market, By Application

10 Building Information Modeling Market, By Geography

11 Competitive Landscape

12 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/kkbhnf/building

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