The global building information modeling market was valued at USD 7.9 billion in 2023 and is projected to reach USD 15.0 billion by 2028; it is expected to register a CAGR of 13.7% during the forecast period. The rise in demand for BIM solutions is attributed to growing use of BIM as it leads to sustainable development and rapid rise in urbanization globally.

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Building Information Modeling (BIM) companies include:

• Autodesk Inc. (US);
• Nemetschek Group (Germany);
• Bentley Systems (US);
• Trimble Inc. (US);
• Dassault Systèmes (France);
• Schneider Electric (France);
• Asitev (UK);
• Procore Technologies, Inc. (US);
• Hexagon (Sweden);
• Archidata Inc. (Canada);
• ACCA software (Italy);
• TreisTek India Pvt. Ltd. (India);
• Pinnacle Infotech Solutions (US);
• Concora; AFRY (US);
• Beck Technology (Sweden).

Driver: Growing use of BIM as it leads to sustainable development

Building Information Modeling (BIM) is considered a significant step toward achieving a more sustainable future for the construction industry. One of the main reasons for this is that BIM can help to reduce waste and optimize resource use throughout the entire lifecycle of a building or infrastructure project. By creating a digital model of the project, BIM enables designers and engineers to identify opportunities for energy efficiency, reduce greenhouse gas emissions, and minimize the environmental impact of construction activities. BIM can also facilitate the use of sustainable materials and construction practices, such as reducing waste, recycling materials, and reducing the carbon footprint of construction processes.

Opportunity: Increasing use of BIM for safety measures

BIM can improve safety in construction projects in several ways. Here are some examples:

Virtual design and simulation: BIM allows project teams to create a virtual model of the construction project, which can be used to simulate different scenarios and identify potential safety hazards. This enables designers and engineers to address safety issues early in the design phase, reducing the risk of accidents and injuries during construction.

Clash detection: BIM can detect clashes between building systems, such as electrical and mechanical before construction begins. This can help avoid potential safety hazards arising from conflicts between these systems.
Site safety planning: BIM can be used to create 3D models of the construction site, which can be used to plan safety measures such as access routes, safety barriers, and evacuation plans. This can help ensure that site workers and visitors are kept safe during construction activities.

The preconstruction segment is expected to account for the largest market share of the building information modeling market in 2028. The use of BIM in the preconstruction process can enhance construction speed, minimize costs, and reduce on-site re-work and subsequent waste of materials, which is more environmentally friendly. By identifying and resolving clashes and issues before construction begins, the pre-construction phase using BIM can help ensure a smoother and more efficient construction process.

On-premise segment is expected to witness a higher CAGR during the forecast period. Larger firms in the AEC industry, such as Autodesk. and Nemetschek, provide on-premises software for their customers in the industrial, healthcare, and residential sectors. Organizations have complete control over the on-premises data flow, as it is physically stored in organizations wherein these solutions and systems are deployed. This is one of the key reasons for the adoption of on-premises BIM software. On-premises deployment is feasible for small- and medium-sized enterprises as data management becomes easy for them.

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Asia Pacific is also expected to witness the highest CAGR during the forecast period. The growth in this region can be attributed to the use of BIM for large-scale infrastructure and building projects. Additionally, government initiatives are expected to significantly drive the BIM market in Asia Pacific. Governments in the region have started imposing new regulations regarding building construction permits. For example, Japan, China, and South Korea have made BIM documents mandatory, especially for public buildings, along with green certification-related documents.

Autodesk Inc. is a prominent player in 3D design, engineering, and entertainment software and services offering business solutions using the latest technologies. The company serves a wide range of customers, from small businesses to large multinational corporations. Architects, engineers, designers, manufacturers, media and entertainment professionals, and students and educators use its product offerings.