Market Overview

The BIM Software industry is projected to grow from USD 8.41 billion in 2022 to USD 25.61 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.9% during the forecast period (2022 - 2030). The building information model, more often known as BIM, is a sophisticated piece of 3D software. The fields of architecture, building, and construction all use this approach. Through BIM software, experts have access to a vast array of applications. This program has the potential to give builders with valuable knowledge about building projects. These enlightenments are useful for accomplishing a variety of activities.

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Key Players:

Key Companies in the BIM Software includes,

• Trimble Inc
• Autodesk Inc.
• PKPM (Beijing Jianli Technology Co., Ltd)
• Integrated Environmental Solutions Limited (IES Ltd.)
• Glodon Company Limited
• Shanghai Luban Software Co., Ltd
• Beijing Hongye Tongxing Technology Co., Ltd
• Innovaya, LLC.

The market is being driven mostly by digital partnerships these days. Because of covid 19, the business model behind the BIM software industry is undergoing significant changes. The pandemic has reduced the number of accessible plants, machinery, supplies, and materials. The building sector is experiencing operational difficulties due to the covid 19 virus. Digital partnerships, on the other hand, are instruments that keep the market's needs alive. The rise of telecommuting has opened up new opportunities in the industry. Many architects are now working on future projects from distant locations. During this period, there was a greater usage of BIM.

The widespread of covid 19 worldwide is creating several difficulties for the worldwide market. During this period, the market for BIM software is experiencing a few challenges. The Building Information Modeling (BIM) software aids in the strategic planning of construction predictions. This program has various functions, including the ability to plan, design, build, and manage projects. Growing urbanization is a factor that is propelling this market forward. A great number of industries are going out of business.

Market Segmentation:

According to the reports, the global BIM software market is segmented based on software models, applications, and regions. 

In 2019, architect and engineering firms accounted for 43.5% of the BIM market share in the global market. The capacity of BIM software solutions to assist designers and builders in foreseeing the issues of a given project is projected to ensure it maintains its preeminent position in the industry for the foreseeable future. There are also long-lasting insights on the procedure that they may receive.

Regional Classification:

The North American market is one of the most important ones for BIM. Advanced BIM technology, a newly created, creative method for design and construction, is being used early in this area. This method is now widely used in the North American building sector. Several professionals in the area use building information modeling (BIM) in their work. Builders, designers, and planners are rapidly expanding the number of people using building information modeling (BIM). The construction industry's widespread use of new technologies is a key factor propelling the BIM market expansion in the area, which benefits from the region's strong economic position and active government backing. As a result, the BIM market is anticipated to remain mostly regional.

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BIM Software Industry Developments:

January (2023):

• Autodesk releases Revit 2023, with new features for collaboration, visualization, and analysis.
• Bentley Systems releases MicroStation CONNECT 2023, with new features for interoperability, productivity, and sustainability.

February (2023):

• Nemetschek releases Allplan 2023, with new features for parametric design, clash detection, and documentation.
• Trimble releases Tekla Structures 2023, with new features for structural analysis, detailing, and fabrication.

March (2023):

• Hexagon releases Intergraph SmartPlant 3D 2023, with new features for plant design, engineering, and maintenance.
• Oracle releases Primavera P6 Enterprise Project Portfolio Management 2023, with new features for project planning, scheduling, and control.

April (2023):

• Graphisoft releases ArchiCAD 25, with new features for BIM collaboration, visualization, and energy analysis.
• Solibri releases Solibri Model Checker 2023, with new features for model validation, clash detection, and documentation.

May (2023):

• Aconex releases Aconex 10, with new features for collaboration, document management, and project reporting.
• PlanGrid releases PlanGrid 2023, with new features for mobile collaboration, field data collection, and project management.

June (2023):

• Autodesk releases BIM 360 Team, with new features for collaboration, project management, and data security.
• Bentley Systems releases iTwin Platform, with new features for digital twins, real-time collaboration, and data visualization.

These are just a few of the many BIM software industry developments that are expected to happen in 2023. As the technology continues to evolve, we can expect to see even more innovative and powerful BIM software solutions in the years to come.

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