The building information management (BIM) market is estimated to be valued at USD 8,591.7 million in 2024. The market is predicted to rise at a CAGR of 13.0% from 2024 to 2034. The global building information management market is anticipated to reach USD 29,087.1 million by 2034.
Building Information Management (BIM) involves creating, building, and managing a building by utilizing electronic object-focused data, known as Building Information Models. Building Information Management is recognized as a process that adds value and sustains throughout the lifespan of a building and its components with gathering, generating, and sharing of digital geometric models and structured data.
BIM offers many advantages: it boosts efficiency by simplifying processes and decreasing mistakes, enhances project results by improving planning and resource management. It also promotes sustainability by optimizing energy usage and materials. Similarly, building information management helps in managing costs and reducing risks, providing a complete and versatile set of tools for the entire lifecycle of a building.
| Attributes | Key Insights |
|---|---|
| Market Size in 2024 | USD 8,591.7 million |
| Market Value in 2034 | USD 29,087.1 million |
| Value-based CAGR from 2024 to 2034 | 13.0% |
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From 2019 to 2023, the building information management market experienced a CAGR of 10.8%. In the upcoming years, the need for housing and infrastructure due to growing populations and economies will drive expansion in the global construction industry.
The requirement for effective infrastructure development methods will grow as construction operations expand globally. In construction industry, professionals are utilizing building information management for planning and designing building projects efficiently.
There is a trend of utilizing 3D models in building information management to implement construction management. The growing use of BIM solutions is establishing an international framework that may provide guidance and a set of rules for the building modeling industry.
The main purpose of building information management is to enable users to develop geometric, exact, and accurate virtual models of the building that include all of its structural elements. Since various government programs promote the use of BIM solutions in numerous regional markets, it is anticipated that BIM technology will expand quickly.
Owing to the effectiveness of its modeling systems, a growing number of private enterprises globally are gradually transitioning to BIM, which is driving market expansion. Projections indicate that the global building information management market is expected to experience a CAGR of 13.0% from 2024 to 2034.
| Historical CAGR (2019 to 2023) | 10.8% |
|---|---|
| Forecasted CAGR (2024 to 2034) | 13.0% |
The provided table highlights the top five countries regarding revenue, with China and Australia leading the list. Based on a comprehensive analysis, Australia presents a substantial opportunity due to the digital transformation in the construction industry.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 9.8% |
| Germany | 8.40% |
| Japan | 7.7% |
| China | 13.50% |
| Australia | 16.50% |
Government initiative programs at the federal and state levels are promoting the uptake of BIM solutions. These programs consist of General Services Administration's (GSA), National BIM Standard-United States (NBIMS-US) and additional ones. These programs play a crucial role in increasing awareness and encouraging the adoption of building information management in the construction sector.
Building information management is important for all the builders involved in large infrastructure projects because it enhances efficiency in planning, design, and management of infrastructure projects.
USA building information management market is projected to register a CAGR of 9.8%. The focus of the USA government on infrastructure construction and renovation such as Infrastructure Investment Jobs Act (IIJA) is increasing the market growth.
Regulatory assistance, technological progress, and a need for effective and sustainable construction solutions are driving the growth of the Building information management solutions market. Since 2020, there has been an increase in the implementation of building information management solutions by the German government in the construction sector. However, the nation's robust and well-developed technological framework allows for the incorporation of BIM tools, simplifying their adoption.
The construction sector in the country, famous for its exceptional quality and accuracy, acknowledges the potential of BIM to improve project results through error reduction and enhanced collaboration between stakeholders. Additionally, there is an increasing focus on sustainable building methods in Germany, and BIM's capacity to enhance resource utilization and energy efficiency is in perfect harmony with these objectives. Consequently, BIM is being used more in public and private sector projects to improve efficiency, compliance, and sustainability, leading to the growth of the market nationwide.
Hence, building information management market in Germany is anticipated to grow at a CAGR of 8.40% during the forecasting period.
The building information management market in China is anticipated to rise at a CAGR of 13.50% through 2034. China’s rapid urbanization and infrastructural development projects create significant demand for building information management solutions.
Smart city projects, high-rise building and transportation networks are such large-scale projects that need regulated and careful planning and management. Building information management solution help the constructors in managing all these aspects and ease the processes.
Between 2024 and 2034, sales revenue in Japan is predicted to increase at 7.7% CAGR. National interest in other technologies contributes to the demand since new solutions like robots, and IoT requires more extensive data and data management than is possible with non-BIM, 2D methodologies.
BIM is becoming increasingly useful in this environment, especially for consolidating all digital data onto one platform. The capabilities BIM models offer for facility management applications are attracting much interest in Japan. In addition, modular construction projects are becoming more common in Japan.
Using BIM tools throughout the design phase is highly motivated. Designers must match their efforts with the manufacturing process in modular projects and make design decisions sooner. As a result, the industry is under increasing pressure to produce more.
The Australian government has encouraged the application of building information management in building projects. Programs like the BIM in Infrastructure Program and the National BIM Initiative have boosted adoption in the industry. BIM makes better stakeholder collaboration, fewer mistakes, and optimal resource use possible, which lowers costs and increases project efficiency.
The market in Australia is expected to propel at a CAGR of 16.50%. Australia has invested in infrastructure projects that call for sophisticated project management techniques like BIM, such as residential developments, utilities, and transportation.
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The section below shows the leading segment. The Civil engineers segment is expected to account for a market share of 33.4% in 2024. Based on application, the commercial segment is expected to have a share of 39.20%.
| Category | Market Share |
|---|---|
| Civil Engineers | 33.4% |
| Commercial | 39.20% |
In the worldwide BIM market in 2024, the sector of civil engineers held a market share of 33.4%. Civil engineers can better anticipate any future issues associated with their projects thanks to the BIM software. By using BIM systems, civil engineers can get ongoing insights into the process. Over the predicted time, this will probably continue to be common.
For example, in preliminary engineering, BIM technology could make AEC 3D conditions and project models more realistic. Having access to these real-world context models can help civil engineers spot potential problems and ramifications early in the process when fixing the design can be done more affordably overall.
Based on application, the commercial segment is expected to account for a market share of 39.20% in 2024. One of the biggest markets for BIM solutions has been the business sector. Technological advancements in analytics and forecasting and greater consumer awareness are expected to be the main forces behind this industry's growth.
A major applications of BIM software is the development of smart offices and smart cities worldwide. The implementation of smart workplaces and smart cities is becoming more popular as each region gets ready for the future, leading to a greater dependence on BIM software to increase operational efficiency. Throughout the projected period, growth in the building information management market is anticipated due to the rise in construction activities worldwide.
With the entry of new competitors, the BIM industry seems to be becoming more fragmented and only slightly concentrated.
Due to the abundance of major and small vendors offering products in the domestic and foreign markets, the market is extremely competitive.
Leading vendors are focusing on product advancements, mergers & acquisitions in the industry to hold the leadership in the market.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 8,591.7 million |
| Projected Market Valuation in 2034 | USD 29,087 million |
| Value-based CAGR 2024 to 2034 | 13% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered | Solution, End-use, Application, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Autodesk Inc.; Trimble Solutions Corporation; Graphisoft (Nemetschek Group); BIMobject; Elecosoft; RIB Software SE; Dassault Systèmes; DataCAD LLC; Bentley Systems; Procore Technologies; Bricsys NV; Vizerra SA; Cadmatic Oy; ArCADiasoft; ACCA software; Kreo |
As of 2024, the market for building information management is expected to be valued at USD 8,591.7 million.
By 2034, the market value of building information management is expected to reach USD 29,087.1 million.
From 2024 to 2034, the building information management market is expected to flourish at a CAGR of 13.0%.
The commercial segment is expected to account for a market share of 39.2% in 2024.
Australia is likely the top-performing markets, with a CAGR of 16.50%.
| Market Value for 2023 | USD 47,800 million |
|---|---|
| Projected Market Value for 2033 | USD 96,264 million |
| Value-based CAGR of Market for 2023 to 2033 | 7.4% |
| Expected Market Value (2023) | USD 11.89 billion |
|---|---|
| Anticipated Forecast Value (2033) | USD 44.2 billion |
| Projected CAGR (2023 to 2033) | 14% |
| Market Value in 2022 | USD 4.7 Billion |
|---|---|
| Market Value in 2032 | USD 15.2 Billion |
| Market CAGR (2022 to 2032) | 12.5% |
| Projected Growth Rate (2022 to 2032) | 4.3% CAGR |
|---|---|
| Expected Market Value (2022) | USD 29,034 Million |
| Anticipated Forecast Value (2032) | USD 44,233.7 Million |
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