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DUBLIN, April 16, 2021 /PRNewswire/ -- The "Building Information Modeling Market By Component Deployment Mode, Project Life Cycle, Building Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering. According to this report the global building information modelling market was valued at $5.20 billion in 2019, and is projected to reach $15.06 billion by 2027, growing at a CAGR of 14.3% from 2020 to 2027. Building Information Modeling (BIM) is an intelligent 3D model-based process, which provides construction professionals, architecture, and engineers to efficiently design, manage, construct and plan the infrastructure of the buildings. BIM software is popular among end users as it provides lucrative advantages such as increased return on investments (ROIs) and time and money saving. Furthermore, rapidly increasing number of construction projects globally and rise in demand for automated models in the architecture, engineering, and construction (AEC) industry are the major factors driving the growth of the market. Moreover, government mandates regarding the use of BIM in building constructions are expected to boost its adoption worldwide.Enhanced data communication and coordination among various stakeholders, coupled with improved construction productivity provides a leading edge to BIM users. In addition, rising government mandates for BIM usage across the globe and rowing construction industry fuels the growth of the market. However, high cost of the software and limitation of the trained professionals hampers the growth of the market. Furthermore, Technological advancements to manage data at remote servers and improvised inter-coordination between users using cloud-based solutions are expected to provide lucrative opportunities for the growth of the market.The global building information modeling market is segmented on the basis of component, deployment model, project life cycle, building type, application, end user, and region. In terms of component, it is bifurcated into solution and services. Based on deployment model, it is segmented into on-premise and cloud. By project life cycle, the building information modeling market is bifurcated into preconstruction, construction, and operations. In terms of building type, it is segmented into commercial, residential and industrial. By application, the market is segmented into, planning & modelling, construction & design, asset management, building system analysis & maintenance scheduling, and others. As per end user, it is divided into architects/engineers, contractors, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.The key players profiled in the building information modeling market analysis are Autodesk, Inc., Asite Solution, Beck Technology Ltd, Bentley Systems, Incorporated, AVEVA Group plc, Dassault Systemes, Hexagon AB, Nemetschek SE, Pentagon Solution Ltd, and Trimble Ltd. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.Key Benefits The study provides an in-depth analysis of the building information modeling market along with current trends and future estimations to elucidate imminent investment pockets. Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report. Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry. The quantitative analysis of building information modeling market for the period 2020-2027 is provided to determine the market potential. Key Findings On the basis of component, the software segment led the building information modelling market, in terms of revenue in 2018. By deployment model, the on-premise segment accounted for the highest building information modelling market share in 2018. Region wise, North America generated the highest revenue in 2018. Depending on application, the commercial segment is anticipated to exhibit substantial growth during the forecast period. Key Topics Covered: Chapter 1: Introduction1.1. Report Description1.2. Key Benefits for Stakeholders1.3. Key Market Segments1.4. Research Methodology1.4.1. Secondary Research1.4.2. Primary Research1.4.3. Analyst Tools & ModelsChapter 2: Executive Summary2.1. Key Findings2.1.1. Top Impacting Factors2.1.2. Top Investment Pockets2.2. CXO PerspectiveChapter 3: Market Overview3.1. Market Definition and Scope3.2. Key Forces Shaping Global Building Information Modeling Market3.3. Case Studies3.3.1. Case Study 13.3.2. Case Study 23.4. Market Dynamics3.4.1. Drivers3.4.1.1. Enhanced Productivity Through Interoperability3.4.1.2. Government Mandates for Bim Usage3.4.1.3. Growth in the Construction Industry3.4.2. Restraints3.4.2.1. High Implementation Cost3.4.2.2. Lack of Skilled Workforce3.4.3. Opportunities3.4.3.1. Rise in Environmental and Energy Concerns3.4.3.2. Emergence of Virtual Reality (Vr) and Augmented Reality (Ar) Technologies and Its Integration With Bim3.5. Market Evolution/Industry Roadmap3.6. Impact of Government Regulations on Global Building Information Modeling Market3.7. Covid-19 Impact Analysis on Building Information Modeling Market3.7.1. Impact on Market Size3.7.2. Consumer Trends, Preferences, and Budget Impact3.7.3. Economic Impact3.7.4. Regulatory Framework3.7.5. Key Player Strategies to Tackle Negative Impact3.7.6. Opportunity WindowChapter 4: Building Information Modeling Market, by Component4.1. Overview4.2. Solution4.2.1. Key Market Trends, Growth Factors, and Opportunities4.2.2. Market Size and Forecast, by Region4.2.3. Market Analysis, by Country4.3. Services4.3.1. Key Market Trends, Growth Factors, and Opportunities4.3.2. Market Size and Forecast, by Region4.3.3. Market Analysis, by CountryChapter 5: Global Building Information Modeling Software Market, by Deployment Mode5.1. Overview5.2. On-Premise5.2.1. Key Market Trends, Growth Factors, and Opportunities5.2.2. Market Size and Forecast, by Region5.2.3. Market Analysis, by Country5.3. Cloud-Based5.3.1. Key Market Trends, Growth Factors, and Opportunities5.3.2. Market Size and Forecast, by Region5.3.3. Market Analysis, by CountryChapter 6: Building Information Modeling Software Market, by Project Life Cycle6.1. Overview6.2. Preconstruction6.2.1. Key Market Trends, Growth Factors, and Opportunities6.2.2. Market Size and Forecast, by Region6.2.3. Market Analysis, by Country6.3. Construction6.3.1. Key Market Trends, Growth Factors, and Opportunities6.3.2. Market Size and Forecast, by Region6.3.3. Market Analysis, by Country6.4. Operations6.4.1. Key Market Trends, Growth Factors, and Opportunities6.4.2. Market Size and Forecast, by Region6.4.3. Market Analysis, by CountryChapter 7: Building Information Modeling Market, by Building Type7.1. Overview7.2. Commercial7.2.1. Key Market Trends, Growth Factors, and Opportunities7.2.2. Market Size and Forecast, by Region7.2.3. Market Analysis, by Country7.3. Residential7.3.1. Key Market Trends, Growth Factors, and Opportunities7.3.2. Market Size and Forecast, by Region7.3.3. Market Analysis, by Country7.4. Industrial7.4.1. Key Market Trends, Growth Factors, and Opportunities7.4.2. Market Size and Forecast, by Region7.4.3. Market Analysis, by CountryChapter 8: Building Information Modeling Market, by Application8.1. Overview8.2. Planning & Modeling8.2.1. Key Market Trends, Growth Factors, and Opportunities8.2.2. Market Size and Forecast, by Region8.2.3. Market Analysis, by Country8.3. Construction & Design8.3.1. Key Market Trends, Growth Factors, and Opportunities8.3.2. Market Size and Forecast, by Region8.3.3. Market Analysis, by Country8.4. Asset Management8.4.1. Key Market Trends, Growth Factors, and Opportunities8.4.2. Market Size and Forecast, by Region8.4.3. Railway Buildings8.4.4. Residential Buildings8.4.5. Educational Buildings8.4.6. Other Buildings8.4.7. Market Analysis, by Country8.5. Building System Analysis & Maintenance Scheduling8.5.1. Key Market Trends, Growth Factors, and Opportunities8.5.2. Market Size and Forecast, by Region8.5.3. Market Analysis, by Country8.6. Others8.6.1. Key Market Trends, Growth Factors, and Opportunities8.6.2. Market Size and Forecast, by Region8.6.3. Market Analysis, by CountryChapter 9: Building Information Modeling Market, by End-user9.1. Overview9.2. Architects/Engineers9.2.1. Key Market Trends, Growth Factors, and Opportunities9.2.2. Market Size and Forecast, by Region9.2.3. Market Analysis, by Country9.3. Contractors9.3.1. Key Market Trends, Growth Factors, and Opportunities9.3.2. Market Size and Forecast, by Region9.3.3. Market Analysis, by Country9.4. Others9.4.1. Key Market Trends, Growth Factors, and Opportunities9.4.2. Market Size and Forecast, by Region9.4.3. Market Analysis, by CountryChapter 10: Building Information Modeling Market, by Region10.1. Overview10.2. North America10.3. Europe10.4. Asia-Pacific10.5. LAMEAChapter 11: Competitive Landscape11.1. Market Player Positioning, 201911.2. Top Winning Strategies11.3. Competitive Dashboard11.4. Key Developments11.4.1. New Product Launches11.4.2. Product Development11.4.3. Collaboration11.4.4. Acquisition11.4.5. Partnership11.4.6. Agreement11.4.7. Business ExpansionChapter 12: Company Profile12.1. Autodesk Inc.12.1.1. Company Overview12.1.2. Key Executives12.1.3. Company Snapshot12.1.4. Product Portfolio12.1.5. R&D Expenditure12.1.6. Business Performance12.1.7. Key Strategic Moves and Developments12.2. Asite Solutions12.2.1. Company Overview12.2.2. Key Executives12.2.3. Company Snapshot12.2.4. Product Portfolio12.2.5. Business Performance12.2.6. Key Strategic Moves and Developments12.3. Aveva Group plc12.3.1. Company Overview12.3.2. Key Executives12.3.3. Company Snapshot12.3.4. Product Portfolio12.3.5. R&D Expenditure12.3.6. Business Performance12.4. Beck Technology Ltd.12.4.1. Company Overview12.4.2. Key Executives12.4.3. Company Snapshot12.4.4. Product Portfolio12.4.5. Key Strategic Moves and Developments12.5. Bentley Systems, Incorporated12.5.1. Company Overview12.5.2. Key Executives12.5.3. Company Snapshot12.5.4. Product Portfolio12.5.5. R&D Expenditure12.5.6. Business Performance12.5.7. Key Strategic Moves and Developments12.6. Dassault Systemes12.6.1. Company Overview12.6.2. Key Executives12.6.3. Company Snapshot12.6.4. Product Portfolio12.6.5. R&D Expenditure12.6.6. Business Performance12.6.7. Key Strategic Moves and Developments12.7. Hexagon Ab12.7.1. Company Overview12.7.2. Key Executives12.7.3. Company Snapshot12.7.4. Operating Business Segments12.7.5. Product Portfolio12.7.6. Business Performance12.7.7. Key Strategic Moves and Developments12.8. Nemetschek Se12.8.1. Company Overview12.8.2. Key Executives12.8.3. Company Snapshot12.8.4. Product Portfolio12.8.5. Operating Business Segments12.8.6. Business Performance12.8.7. Key Strategic Moves and Developments12.9. Pentagon Solution Ltd.12.9.1. Company Overview12.9.2. Key Executives12.9.3. Company Snapshot12.9.4. Product Portfolio12.9.5. Key Strategic Moves and Developments12.10. Trimble Ltd.12.10.1. Company Overview12.10.2. Key Executives12.10.3. Company Snapshot12.10.4. Product Portfolio12.10.5. Operating Business Segments12.10.6. R&D Expenditure12.10.7. Business Performance12.10.8. Key Strategic Moves and Developments For more information about this report visit https://www.researchandmarkets.com/r/28v3k7 Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com

Answer: Worldwide Building Information Modeling Industry to 2027 - Rise in Environmental and Energy Concerns Presents Opportunities