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BIM Software Market Overview:
The size of the BIM software market was estimated at $7.26 billion in 2021. According to projections, the BIM Software market will increase from USD 8.41 billion in 2022 to USD 25.61 billion in 2030, with a compound annual growth rate (CAGR) of 14.9% over the forecast period (2022 – 2030). Government mandates for BIM use are increasing, and the construction sector is becoming more digital, which is encouraging BIM adoption and fueling the market’s expansion.
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Key Players:
Key Companies in the BIM Software includes
One of the most significant technology advancements in the building sector is BIM. However, implementation is lacking in a number of nations due to obstacles including cost and technological constraints, necessitating considerable government backing for the effective deployment and development of BIM software.
The use of BIM for all construction projects is being encouraged by authorities in the majority of nations worldwide. To encourage the use of BIM in the architectural, engineering, and construction (AEC) business, governments of many nations are developing programmes and BIM implementation plans. In several nations throughout the world, BIM and its implementation are becoming requirements for all centrally purchased corporate and public sector projects.
The design and construction of buildings are also changing as a result of the use of BIM. The majority of nations are currently transitioning to using BIM as the legal standard, and others are attempting to do the same. BIM software use is being accelerated by such BIM adoption and the rising number of government mandates, which are fueling the market’s expansion for BIM software.
Market Segmentation:
Based on the software model, the BIM software is divided into 3D, 4D, 5D, and other categories. The 3D sector held the biggest market share in 2021 for BIM software model revenue.
Buildings, public infrastructure, industrial, and other applications are included in the segmentation of BIM software depending on use. In 2021, the market was dominated by the buildings sector.
The data from the BIM programme has been divided into sections for architects, contractors, engineers, and other professionals. The contractor category dominated the market in 2021 and is anticipated to grow at the highest rate from 2022 to 2030.
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The market is divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America in the study. North America is anticipated to account for the greatest market share for BIM software over the anticipated timeframe. Some of the key reasons influencing the market growth of BIM in this region include government backing for its adoption, high levels of technical competence, and an increase in the volume of construction projects. Asia Pacific is anticipated to see the market’s quickest growth throughout the time of forecasting. To increase the competitive edge of their design and construction industries, the nations in this region have greatly increased their adoption of cutting-edge technologies.
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