Publishing News, newswire

Publishing News & Press Release Distribution Services

Submit Press Release | About Us

Home | Publishing News | News Releases | Press Release Distribution | Free Trade Magazines
Unlimited Press Release Distribution
Press release distribution service

Media List
AllThings Digital
Digital Book World
Editor & Publisher
Good E-Reader
O'Reilly Media
Publishing News Brazil
Publishing Trendsetter
Publishers Weekly
Self Publishing
The Digital Reader

Free Publications

Yes! Please subscribe me!

Enter email address above.

Publishing News and Press Releases

Building Information Modeling Market Size Forecast to Reach $10.3 Billion by 2026

(, November 07, 2021 ) Building Information Modeling Market Size is forecast to reach $10.3 billion by 2026, at a CAGR of 11.6% during forecast period 2021-2026. Building Information Modeling (BIM) is a process of generating and managing building data during its complete lifecycle, from conceptual design through operation of the building. It is an integrated workflow that enables architects, engineers, and builders to explore a project digitally before building is built. BIM helps AEC sector in better planning and designing of the buildings, savings on materials, less rework and support for prefabrication. The ease of use of BIM led to high adoption of BIM sector and became the software of choice for designing everything from government contracts on bridges to large office buildings, and even on down to small buildings. The output of construction industry in Europe region has been increased from $1,414.62 billion to $1,725.22 billion which is a 22% increase from 2016-2019. High adoption of BIM in construction industry and with increase in construction activities, there is rise in BIM market in European region.

Building Information Modeling Market Segment Analysis By End Users

Architects are a growing market for BIM tools with the segment growing at 14.2% CAGR through 2026. Construction sector is strategically significant globally, job creation and for the delivery and maintenance of built environment. BIM is being extensively adopted widely in the public sector and offers the opportunity to achieve accuracy and certainty in the delivery of products & services. In Singapore, to make the construction industry successful, the BIM electronic submission has become compulsory for practitioners to submit architectural plans in the BIM format for regulatory approval. The use of BIM has increasingly became a norm in AEC as there have been significant benefits associated with this technology. The current AEC industry is complex due to the fragmented delivery processes, building challenges and numerous stakeholders presented in the process which in turn provide scope for the adoption of BIM, worldwide. This is majorly owing to the increase in the number of government regulations with regards to the adoption of BIM in AEC sector coupled with the escalating need of automated models in construction space to enhance the operational efficiencies.

Request for Sample Report @

Report Price: $ 4500 (Single User License)

Building Information Modeling Market Segment Analysis By Industry Vertical

The revenue of infrastructure segment is $2,282.63m in 2020 and is expected to reach $5,340.67m by 2026 with a CAGR of 15.06% during forecast period 2021-2026. Infrastructure segment is estimated to hold 47.9% of the total market share in Global BIM market by the end of 2026. This is owing to the government mandates for the adoption of BIM in the countries including U.K., Germany and some other developed and developing economies. Under infrastructure, commercial will be the major segment. However, infrastructure is evident as the fastest growing segment with a CAGR of 15.06% during forecast period 2021-2026. It is mainly due to the increasing utilization of BIM in road and rail infrastructure development of bridges along with the modernization projects, due to rising traffic congestion cases and road & rail mishaps.

Building Information Modeling Market Segment Analysis By Geography

Global BIM market revenue is projected to be dominated by Americas region and is projected to continue their dominance during the forecast period 2021-2026 with the revenue of $1,701.37m in 2020 and projected to reach to $3,218.97m by 2026. U.S. occupied the major market share in the North America BIM market. This is because of the increased adoption of BIM by the engineers and contractors as they are gaining effective ROI through the implementation of this advanced technology. APAC region is estimated to grow at a highest CAGR of 16.35% during 2021-2026. This is due to the Chinese government promotions for BIM adoption. In China, deployment of this technology in crucial projects such as Shanghai Tower, Phoenix Media Center and Shanghai Disneyland Resort is stimulating the growth of the BIM market in this country.

Inquiry Before Buying @

Building Information Modeling Market Drivers

Concerns Regarding Low Labor Productivity in Europe

The construction industry in Europe is labor intensive and demand a large number of skilled and unskilled labor. Labor productivity is one of the major factors that could add significant cost to the construction project. In 2019, the Global construction sector accounted for approximately 9% of total country GDP and employed approximately 18 million labor force. However, the country is continuously facing challenges to overcome low labor productivity since 2009. The high fragmentation of the industry, lack of collaboration between the stakeholders, lack of awareness on new technology, and lack of adequate knowledge transfer between projects are the key reasons for low labor productivity. As per OECD, the labor productivity index (Gross value added per hour) of construction sector in 2019 was 27%-30% lower than labor productivity index in overall economy. Thus, construction companies in Europe are adopting innovative technology to meet this labor productivity in the region. As per major construction service providers, the deployment of BIM could result in 30%-40% increase in profit. Adoption of BIM models in constructions activities due to rise of labor cost set to drive the market growth.

Emphasis to Reduce Construction Failures and Reduce Operational Cost

Poor constructional procedures and internal failure due to the re-designing, analysis, lack of flexibility and so on have been paving the way for BIM penetration in construction projects. Design and planning phases are turning out as the elementary phases during the buildings or infrastructure construction. The application of BIM to construction projects has the potential to enhance the quality of information provided for making critical design decisions regarding building environmental impact. As per the Department of Business Innovation & Skills organization publications, 33% of the total building costs can be reduced by the adoption of BIM.

Building Information Modeling Market Challenges

High cost of software & operation over multiple databases

The cost of BIM software including BIM, collaboration ranges from $24,000 to $35,000 and the cost of hardware ranges from $7,000 to $12,000. Additionally, training on BIM software costs approximately $2,000. The price of these software have been hampering the penetration of BIM software in low capital intensive projects including single family residential buildings and small scale private projects. However, in some of the countries, 90% of owners are demanding for the adoption and usage of BIM software is projected to escalate the usage of this software in the small scale projects over the next decade. Additionally, emergence of new technologies coupled with the presence of large number of local or regional companies is projected to offer low priced solutions owing to their emphasis to sustain in competitive environment and to the growing need of these software & services.

Building Information Modeling Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Building Information Modeling market. Building Information Modeling top companies include Autodesk, Inc. (U.S.), Nemetschek AG (Germany), Dassault Systems AG (France), Bentley Systems, Inc. (U.S.), and Trimble, Inc.

Acquisitions/Product Launches

In November 2019, Dassault Systems introduced 3DEXPERIENCE Release 2020x to ensure that cloud users now get more manufacturing and production roles than on premise, and access to on-demand engineering services on the 3DEXPERIENCE Marketplace.

In October 2019, Siemens Digital Industries Software introduced Simcenter system simulation solution. This simulation software supports industrial companies in the creation of precise system modeling which is both cost-efficient and competitive.

Key Takeaways

The leading companies are continuously taking active measures in the development of advanced solutions along with new cloud technologies benefitting the new players to enter into the market with the similar software design & specifications.

Numerous players, low switching cost and low product differentiation decreases the bargaining power of suppliers. However, emergence of cloud services have been witnessing growth with innovative products and being commercialized at a faster pace leading to significant product differentiation among top market players.

In the past five years, a new wave of automated models has tremendously impacted the market dynamics by replacing existing product segments or by enhancing the current offerings by the players.

The competition in this market is intensifying over time with country level players seeking to expand globally and Global region players trying to differentiate their offerings through innovation and price strategies owing to the increasing need of these devices owing to the government regulations mandating BIM adoption in various pilot projects.

Related Reports:

A. Building Automation Systems (BAS) Market

B. Construction Robot Market

For more Electronics Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to to discuss more about our consulting services.


Venkat Reddy

(+1) 970-236-3677

Source: EmailWire.Com

Publishing News by Sector
  • Management
  • Online Publishing
  • People
  • Manufacturing
  • Production
  • Syndication
  • Technology
  • Publihing Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Point of Beginning
    Overall Labor Effectiveness (OLE) Achieving a Highly Effective Workforce

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    Publishing-Newswire.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright GroupWeb Media LLC. All Rights Reserved.

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at

    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | | i-Canada-News.Com | | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | | | | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |

    Publishing-Newswire.Com - Newswire and Press Release service of GroupWeb Media LLC