Building Information Modeling Market (Software, Services) is Projected to Grow at a CAGR of 16.72% Forecast to 2020 - New Report by MarketsandMarkets
(PRWEB) October 21, 2014 -- The report, "Building Information Modeling Market by Types (Software, Services), Applications (Commercial, Residential, Educational, Industrial, Healthcare, Entertainment, and Sports) and by Geography - Analysis and Forecast 2013 – 2020, defines and segments the global Building Information Modeling Market into various sub segments with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends.
Browse 111 market data Tables and 80 Figures spread through 230 Pages and in-depth TOC on” building information modeling market.
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Building information modeling is a process used for designing and managing projects throughout the project life cycle. The overall value chain of the building information modeling market is closely interlinked with the traditional construction processes' value chain and has been expanding rapidly and shaping into a strong, well-connected chain over the past few years. Several new product developments and models have come up, owing to the application potential of building information modeling in various applications.
The Building Information Modeling Market is certainly a fragmented one, for the BIM process has found uses in major fields, such as commercial, residential, educational, and healthcare. The industrial field offers a huge potential for BIM to grow, especially due to the advanced and suitable features offered by the BIM process over the other ones. Commercial is the primary field responsible for the commercial birth of building information modeling on a large scale, while the healthcare field is still an emerging market, offering higher chances for the BIM process to penetrate.
The report segments the building information modeling (BIM) market on the basis of types of different end-users, types, applications, and geographies. Furthermore, it contains revenue forecasting and analyses trends in the market.
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The geographic analysis contains an in-depth classification for North America, Europe, and APAC, which contains major countries covering the market. The Middle-East and Africa have been classified under RoW. Each of these geographies has been further split by the major countries existing in this market. The sections and sub-segments in the report contain drivers, restraints, opportunities, current market trends, and the technology expected to revolutionize the building information modeling (BIM) domain.
This report describes the market trends, drivers, and challenges of the building information modeling market and forecasts the market by 2020, based on end-users, types, applications, and geography. It covers the future of the global market and industry from both technical and market-oriented perspectives with techno-market oriented roadmaps till 2020 and a detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis along with individual market values. It covers geographies such as North America, Europe, APAC, and Row (Rest of the World).
The Building Information Modeling Market is expected to grow from a market share of $2640.12 Million in 2013 to $8646.47 Million by 2020 at a CAGR of 16.72%. This market is growing rapidly in many segments and applications with some of the fast growth applications likely to double by 2020 in terms of market shares. Newer applications and uses are continuously being devised for this technology, which will further propel the market growth in the coming five years. This growth is expected due to the growing industrial sector for the building information modeling market.
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Players involved in the development of Building Information Modeling Market include Archidata Inc. (Canada), Asite Solutions Pvt. Ltd. (U.K.), Autodesk, Inc. (U.S.), Beck Technology Ltd. (U.S.), Bentley Systems, Inc.(U.S.), Dassault Systèmes S.A (France), Design Data(U.S.), Nemetschek AG (Germany), Solibri Inc.(Finland), and Trimble Navigation, Ltd. (U.S.).
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