The study involved four major activities in estimating the size of the building information modeling market. Exhaustive secondary research has been conducted to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.
Secondary Research
Revenues of companies offering building information modeling solutions have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.
Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; IoT technologies journals and certified publications; articles by recognized authors; gold-standard and silver-standard websites; directories; and databases.
Secondary research has been conducted mainly to obtain critical information about the market’s value chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both demand- and technology-oriented perspectives. Secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the current scenario of the building information modeling market through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand and supply sides across 4 major regions: North America, Europe, Asia Pacific, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews. questionnaires and e-mails have also been used to collect data.
After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up procedure has been employed to arrive at the overall size of the building information modeling market.
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Identifying approximate revenues of companies involved in the building information modeling ecosystem
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Identifying different offerings of players in the building information modeling market
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Analyzing the global penetration of each building information modeling offering through secondary and primary research
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Conducting multiple discussion sessions with key opinion leaders to understand the building information modeling solutions and their applications; analyzing the breakup of the work carried out by each key company
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Verifying and crosschecking estimates at every level with key opinion leaders, including chief executive officers (CEO), directors, and operation managers, and then, finally, with the domain experts of MarketsandMarkets
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Studying various paid and unpaid sources of information, such as press releases, white papers, and databases of the company- and region-specific developments undertaken in the building information modeling market
The top-down approach has been used to estimate and validate the total size of the building information modeling market.
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Focusing initially on the top-line investments and expenditures made in the building information modeling ecosystem, further splitting into offering and listing key developments in key market areas
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Identifying all major players offering a variety of building information modeling solutions, which have been verified through secondary research and a brief discussion with industry experts
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Analyzing revenues, product mix, and geographic presence for which all identified players offer building information modeling products to estimate and arrive at the percentage splits for all key segments
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Discussing these splits with industry experts to validate the information and identify key growth domains across all major segments
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Breaking down the total market based on verified splits and key growth domains across all segments
Data Triangulation
After arriving at the overall size of the building information modeling market through the process explained, the total market has been split into several segments and subsegments. Market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from the demand and supply sides. The market has also been validated using the top-down and bottom-up approaches.
Market Definition
BIM is a digital representation of the physical and functional characteristics of a building or infrastructure project. BIM integrates various aspects of the design, construction, and operation phases, facilitating collaboration among architects, engineers, contractors, and other stakeholders. It enables the creation, management, and sharing of accurate and reliable project data throughout its lifecycle. It involves creating and managing a 3D model that contains detailed information about the project’s geometry, spatial relationships, materials, quantities, and other relevant data. BIM software goes beyond traditional 2D drafting by incorporating intelligent 3D models that contain detailed information about the project’s components and their interactions. BIM improves collaboration, enhances visualization and analysis, optimizes project planning, supports sustainability, and facilitates efficient facility management. Its adoption has revolutionized the construction industry, driving better project outcomes and increased productivity.
Key Stakeholders
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Raw material suppliers
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Original equipment manufacturers (OEMs)
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Original design manufacturers (ODM)
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Research institutes
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Building information modeling solution provider
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Forums, alliances, and associations
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Governments and financial institutions
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Analysts and strategic business planners
Report Objectives
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To describe and forecast the size of the building information modeling (BIM) market, in terms of offering type, deployment type, project lifecycle, application, and end user, in terms of value
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To describe and forecast the market size of various segments across four key regions—North America, Europe, Asia Pacific, and Rest of the World (RoW), in terms of value
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To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the building information modeling market
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To provide an overview of the value chain pertaining to the building information modeling ecosystem and the average selling prices of building information modeling solutions
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To strategically analyze the ecosystem, tariff and regulatory landscape, patent landscape, Porter’s five forces, import and export scenarios, trade landscape, and case studies about the market under study
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To strategically analyze micromarkets1 regarding individual growth trends, prospects, and contributions to the overall market
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To analyze opportunities in the market for stakeholders by identifying high-growth segments
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To provide a competitive landscape for market leaders
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To analyze strategies adopted by players in the building information modeling market, such as product launches and developments, acquisitions, partnerships, agreements, expansions, and mergers
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To profile key players in the building information modeling market and comprehensively analyze their market ranking based on their revenue, market share, and core competencies2
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
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Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Salim
Jul, 2019
Hi, we need a sample brochure of this study and eagerly interested to have key insight discussion with your team..
Soumen
Jun, 2019
We provides BIM services globally. we need some of clients so, we are looking for someone who will marketing our services in USA..
Olga
Feb, 2019
To understand the level of BIM development in the world and receive the real numbers of use in the market..
Paolo
Sep, 2017
Software market valuations for construction commercial real estate, with a specific focus on warehouses, flex space, and offices..
Nishi
Sep, 2019
In a construction project completed in 2025, multiple stake folders are considering using a common platform. We need an investigation for that..
Miikka
Apr, 2015
What EMEA Emerging countries are included? Please respond including price to email, and methods to buy..
Purushothaman
Feb, 2015
I am looking forward for developing a BIM based service provider company. I hope this brochure useful for me..
Elise
Aug, 2019
Good day! I am looking into figures on global acceptance and usage of BIM, forecasted global growth, percentage of growth it has brought to users and hindrances on adoption from consumers' perspective, all under the global area of focus..
Kyoko
Jun, 2018
I am seeking Data on the market size of Japan. Analysis regarding Japan is included on the Appendix, can you send me the sample data to confirm..
karina
Mar, 2019
I am student from Brazil, doing a Master Degree in Project Management. As I am researching about BIM for my conclusion these, this study is very important to my work. Please, send me a free PDF, in order to support my research project..
Rui
Sep, 2019
I am participating as an invited speaker in a Master in BIM. During my speak, I will point to some BIM software in the market. It could be interesting to give pupils an insight of the market share of each software..
Richard
May, 2017
Interested in the global growth in key markets. Also, I Would like to see what the report contains on UK..
Michael
Jun, 2018
Hi, Does this report contain market share of Revit vs. other programs for Architects + AECs generally in the United States?.
Shwan
Nov, 2015
Role of BIM in improving and re-culturing the construction industry and the positive economics rewards and ROI's..
Eduardo
Jul, 2019
Learning more about the latest trends about BIM and how its making a big impact on todays modern world and what are the upcoming industry trends, which will drive this market?.
Robin
Dec, 2019
I am requesting to get brochure for the BIM market..
Robin
Dec, 2019
Just trying to get a sense of the size of the BIM market.
Robin
Dec, 2019
Which are the top players involved in this ecosystem..
Robin
Dec, 2019
What are the new upcoming trends for the growth of this market..
Robin
Dec, 2019
Which region along with country is dominating the BIM market and what are the major trends for the growth?.
Robin
Dec, 2019
Please send us the sample brochure for the report..
Robin
Dec, 2019
Which application are will dominate the Bim market by 2024 or 2025, and what the driving factors for the same?.
Robin
Dec, 2019
Total revenue share from BIM-software companies can generate revenue by targeting which customers?.
zhaoxing
Oct, 2018
Integration issue of BIM industry is the very important facts, we want to discuss many things related to Bim market and also will give me more information for the same. Before this, please send us the summary and scope of the report. .
Chittepelly
Oct, 2022
To track down the overview of BIM industry globally and find opportunities for it in india .
Mizuho
Sep, 2018
I would like to know how much detailed information it contains for Building Information Modeling Market by Geography..
Ketan
Aug, 2019
We are searching for the future market in BIM. We want to know that which are the dominant players present in this market and share captured by them in this market..
Josh
Jul, 2019
I am seeking access to this report as I am currently writing my thesis and would greatly benefit from the access to this report..
Lucas
Jul, 2015
I'm developing a website to boost BIM negotiations around the world and I need the information of this article to measure the market that I'm getting into..
Dhruv
May, 2019
We are planning for a startup specializing in providing AEC services in the Asian Countries. Thus, we are interested in this report to have a better understanding of the market which would eventually help us in preparing an efficient business plan. .
Zdenka
May, 2015
Hi, I would like to know what type of info is available for UK and also split for all industry/user types. Would you be able to provide some older data on UK as % of global and UK user group / industry split? Can the updated actuals + forecasts be purchased separately?.
Richard
Mar, 2015
The geographic analysis is most important to me. I'm putting together an EU funding application and it would be good to be able to state what size the different markets were..
Heather
Feb, 2019
I would like to schedule a briefing with analysts of Building Information Modeling (BIM) report regarding ViZZ (https://www.vizz3d.com/), a transformative virtualization platform that brings to life data from various sources, creating immersive, experiential models that allow contractors, developers, prospective buyers, and investors to interact and walk-through them..