Building Information Modelling Extraction Software Market Size & Forecast - 2028

 

Building Information Modelling Extraction Software

The Building Information Modelling Extraction Software Market is estimated to reach USD 13,639 million by the end of 2028, expanding at a CAGR of 12.9% over the forecast period (2021-2028).

The factors driven the growth of Building Information Modelling Extraction (BIM) Software Market includes rising trend of Work from Home (WFH), emerging need for smart hospital management, rise in the number of residential apartments and educational institutes and rapid growth in the construction activities around the world. According to the report published by Statista, the Global Construction Market was valued around USD 6.4 trillion in 2020 and is projected to reach USD 14.4 trillion by the end of 2030, which is expected to boost the market size the approaching years. Moreover, the increasing investments by Governments on smart city projects, growing adoption of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) by the major corporations and rising use of BIM software for cost estimation, are some of the additional factors supplementing the market growth. In addition, growing demand for green buildings, rise in research and development activities, improvements in the living standards, rapid urbanization and increasing disposable incomes, are further contributing to the market growth

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However, the growth of Building Information Modelling Extraction Software Market is hindered due to high installation of BIM software.

The prominent players operating in the Building Information Modelling Extraction Software Market are Autodesk Inc., Trimble Solutions Corporation. AVEVA Group plc, Bentley Systems, Safe Software Inc, Vectorworks, Inc., Microsoft Corporation, FARO, Proactive Software Ltd., Nemetschek Group and Bentley Systems, Inc. among others.

Deployment Mode – Segment Analysis

Based on Deployment Mode, the On-premises segment is projected to expand at a significant CAGR during the forecast period attributed to its increasing application in healthcare sector and residential areas.

Component – Segment Analysis

Based on Component, the Software segment is anticipated to grow at a remarkable CAGR over the forecast period because the BIM software assists engineers and Architecture professionals to align different construction processes.

Regional – Segment Analysis

As per the Building Information Modelling (BIM) Extraction Software Market Global Industry Report, the Asia-Pacific region is anticipated to capture a prominent market share during the forecast period. Rise in the number of smart city projects in India, Malaysia, Singapore, and China, increasing Foreign Direct Investments (FDI) inflows in the construction sector, growing number of educational institutes and hospitals, rapid urbanization and high population density, are some of the important factors propelling the market growth in Asia-Pacific.

Market Segmentation

Global Building Information Modelling (BIM) Extraction Software Market by Deployment Mode

  • Cloud
  • On-premises

Global Building Information Modelling (BIM) Extraction Software Market by Component

  • Software
  • Services

Global Building Information Modelling (BIM) Extraction Software Market by End-use

  • Rail Transit and Aviation
  • Educational Institutes and Commercial Spaces
  • Roads, Bridges, and Highways
  • Houses and Apartments
  • Factories and Warehouses
  • Government Buildings
  • Others

Global Building Information Modelling (BIM) Extraction Software Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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