Building information modeling software market 2022-2026; A descriptive analysis of the five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Jan. 30, 2023 /PRNewswire/ -- According to Technavio, the global building information modeling software market size is estimated to grow by USD 18.05 billion from 2022 to 2026. The market is estimated to grow at a CAGR of 20.12% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 34%. Get deeper insights into the market study. Buy the report!

Building information modeling software market - Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – Download Sample Report

Building information modeling software market – Customer Landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Building information modeling software market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on product (software and services) and geographic (North America, Europe, APAC, Middle East and Africa, and South America). 

• The market growth will be significant in the software segment during the forecast period. BIM software standardizes the construction process by enabling efficient planning, designing, construction, and management of buildings and infrastructure. It provides an opportunity for the contractors to increase the profitability and efficiency of their projects and deliver high-quality work. With the growth in the global construction industry, the demand for BIM software is expected to increase during the forecast period.

Geography Overview
By geography, the global building information modeling software market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global building information modeling software market.

• APAC will account for 34% of the market growth during the forecast period. The growth of the regional market is driven by the increasing construction of commercial and industrial buildings and economic development in countries such as China, India, Japan, and Indonesia.

Download a Sample Report

Building information modeling software market – Market Dynamics

Key factor driving market growth

• The market is driven by increasing requirements for large-scale project management.
• BIM software automates processes to ensure maximum outputs by managing resources and maintaining regular follow-up.
• Adopting BIM solutions in large-scale project management increases productivity.
• It provides an opportunity for organizations to handle project-related inquiries easily and effectively, thereby ensuring efficient process management.
• BIM solutions also automate sales leads and aid in growing sales.

Leading trends influencing the market 

• The growth of 5D BIM is identified as the key trend in the market.
• 3D BIM has certain limitations when it comes to providing a platform for the integration of time and cost factors.
• This led to the advent of 5D BIM, which considers more dimensions.
• 5D BIM allows investors to easily assess information on various factors such as productivity rates, and real-time cost estimation, among others.
• The emergence of 5D BIM will have a positive influence on the growth of the market during the forecast period.

Major challenges hindering the market growth

• The high implementation and operating cost is one of the major challenges affecting the market growth.
• Several small firms in the construction industry refrain from adopting BIM software and look for solutions that fit their budget.
• The support and maintenance costs of BIM are high as these solutions are complex and require trained professionals to use the software.
• Besides, most SMEs are reluctant to invest large amounts in small projects and are skeptical about the return on investment.

Driver, trend, and challenges are the factors of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this building information modeling software market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the building information modeling software market between 2022 and 2026
• Precise estimation of the size of the building information modeling software market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the building information modeling software market industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of building information modeling software market vendors

Gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform

Related Reports:

• The building information modeling market size is projected to increase to USD 8.42 billion from 2021 to 2026 at an accelerating CAGR of 19.14%. The rise in the work-from-home model is notably driving the building information modeling market growth, although factors such as the low digitization rate in the construction industry may impede the market growth.
• The 5-D building information modeling market size is expected to increase to USD 840.99 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 15.68%. The advantages of 5-D BIM over previous versions is notably driving the 5-D building information modeling market growth, although factors such as the high implementation and operating costs may impede the market growth.

Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Software - Market size and forecast 2021-2026
• Exhibit 28: Chart on Software - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Software - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Software - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Software - Year-over-year growth 2021-2026 (%)

• 5.4 Services - Market size and forecast 2021-2026
• Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product 
• Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Japan - Market size and forecast 2021-2026
• Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.10 UK - Market size and forecast 2021-2026
• Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.11 China - Market size and forecast 2021-2026
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.12 France - Market size and forecast 2021-2026
• Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Asite Solutions Ltd. 
• Exhibit 89: Asite Solutions Ltd. - Overview
• Exhibit 90: Asite Solutions Ltd. - Product / Service
• Exhibit 91: Asite Solutions Ltd. - Key offerings

• 10.4 Autodesk Inc. 
• Exhibit 92: Autodesk Inc. - Overview
• Exhibit 93: Autodesk Inc. - Business segments
• Exhibit 94: Autodesk Inc. - Key news
• Exhibit 95: Autodesk Inc. - Key offerings
• Exhibit 96: Autodesk Inc. - Segment focus

• 10.5 AVEVA Group Plc 
• Exhibit 97: AVEVA Group Plc - Overview
• Exhibit 98: AVEVA Group Plc - Business segments
• Exhibit 99: AVEVA Group Plc - Key offerings
• Exhibit 100: AVEVA Group Plc - Segment focus

• 10.6 Bentley Systems Inc. 
• Exhibit 101: Bentley Systems Inc. - Overview
• Exhibit 102: Bentley Systems Inc. - Product / Service
• Exhibit 103: Bentley Systems Inc. - Key offerings

• 10.7 Dassault Systemes SE 
• Exhibit 104: Dassault Systemes SE - Overview
• Exhibit 105: Dassault Systemes SE - Product / Service
• Exhibit 106: Dassault Systemes SE - Key news
• Exhibit 107: Dassault Systemes SE - Key offerings

• 10.8 Hexagon AB 
• Exhibit 108: Hexagon AB - Overview
• Exhibit 109: Hexagon AB - Business segments
• Exhibit 110: Hexagon AB - Key news
• Exhibit 111: Hexagon AB - Key offerings
• Exhibit 112: Hexagon AB - Segment focus

• 10.9 Nemetschek SE 
• Exhibit 113: Nemetschek SE - Overview
• Exhibit 114: Nemetschek SE - Business segments
• Exhibit 115: Nemetschek SE - Key offerings
• Exhibit 116: Nemetschek SE - Segment focus

• 10.10 Schneider Electric SE 
• Exhibit 117: Schneider Electric SE - Overview
• Exhibit 118: Schneider Electric SE - Business segments
• Exhibit 119: Schneider Electric SE - Key news
• Exhibit 120: Schneider Electric SE - Key offerings
• Exhibit 121: Schneider Electric SE - Segment focus

• 10.11 The Beck Group 
• Exhibit 122: The Beck Group - Overview
• Exhibit 123: The Beck Group - Product / Service
• Exhibit 124: The Beck Group - Key offerings

• 10.12 Trimble Inc. 
• Exhibit 125: Trimble Inc. - Overview
• Exhibit 126: Trimble Inc. - Business segments
• Exhibit 127: Trimble Inc. - Key offerings
• Exhibit 128: Trimble Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 129: Inclusions checklist
• Exhibit 130: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 131: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 132: Research methodology
• Exhibit 133: Validation techniques employed for market sizing
• Exhibit 134: Information sources

• 11.5 List of abbreviations 
• Exhibit 135: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/building-information-modeling-software-market-2022-2026-a-descriptive-analysis-of-the-five-forces-model-market-dynamics-and-segmentation---technavio-301732367.html

SOURCE Technavio

[ Back To TMCnet.com's Homepage ]