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

Request a free sample of this report

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.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Location: United States

Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to...
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m...
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B...
Read more