(EMAILWIRE.COM, June 08, 2019 ) The building information modeling market is expected to grow from USD 3.16 billion in 2016 to USD 7.64 billion by 2022, at a CAGR of 16.51% during the forecast period. The objectives of the report includes forecast of the BIM market size in terms of value for BIM software and services. Further, it includes the detailed information regarding the drivers of the BIM market such as the enhanced communication and coordination throughout the asset lifecycle management process due to adoption of BIM. It also includes detailed information about the restraints, opportunities, and challenges in the Building information modeling market. The study of the value chain and analysis of the impact of Porter’s five forces on the market is also one of the objectives of the report which includes the study of the impact of the Porter’s five forces, namely, threat of substitutes, intensity of competitive rivalry, threat of new entrants, bargaining power of buyers, and bargaining power of suppliers on the BIM market.

Don’t miss out on business opportunities in building information modeling market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=95037387

Building information modeling (BIM) refers to the process that involves digital designing, documentation, and representation of building and infrastructure plans. BIM can be implemented with the help of various software and services available, which are adopted at different stages of a project life cycle, such as pre-construction, construction, and operation.

The objectives of the report includes forecast of the BIM market size in terms of value for BIM software and services, Project life cycle (Pre-construction, Construction, Operation), Application (Buildings, Civil Infrastructure, Oil & Gas, Industrial, Utilities), and Geography.


The market for BIM services to grow at the highest CAGR during 2017–2022

The market for BIM services is expected to grow at the highest CAGR during the forecast period. BIM services comprise architectural, structural, and MEP modeling; these services also include the provision of cloud to BIM services and infrastructure modeling to architects, engineers, general contractors, and developers. These services help in estimating costs as well as the requirement of materials and their quantity. Services are provided according to the project types and requirements for commercial, residential, healthcare and other buildings.

The BIM market for industrial applications to grow at the highest rate during forecast period.

Among all the major applications of BIM market, industrial applications is expected to grow with the highest CAGR during forecast period. Industrial buildings may specifically focus on process systems and equipment. The equipment and systems that shape industrial buildings can be incorporated with BIM. BIM precisely eliminates any chance of miscommunication between the owner and the builder, as the entire design model can be viewed clearly. The market growth can be attributed to the rapid industrialization and the rising awareness about the advantages of adopting BIM for industrial facilities in the developing countries such as China and India in APAC.


Browse and in-depth TOC on "building information modeling market"

62 - Tables
75 - Figures
154 - Pages

View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/building-information-modeling-market-95037387.html

North America to hold a major share of the BIM market in 2016

North America is expected to dominate the BIM market during the forecast period. In North America, the BIM market is well established, and the constructors and contractors in the region are well aware of the benefits of this process. BIM is widely used for institutional and government projects in the U.S. In Canada, a BIM standard for building smart Canada has been developed for architecture, engineering, and construction owners and operations (AECOO) community to improve its performance and contribute more effectively to the societal, environmental, and economic development of Canada, which is boosting the use of BIM in the region, to benefit from its implementation.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=95037387

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.) are some of the major companies dominating the BIM market.

Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website: http://www.marketsandmarkets.com/