The North America Building Information Modeling Market is expected to witness market growth of 15.4% CAGR during the forecast period (2020-2026).
An ultra-modern 3D model software solution that aids engineering, AEC architecture, and construction experts to get insights in terms of project operations is termed as Building Information Modeling. These insights facilitate in effective planning, designing, processing, and constructing complete buildings and infrastructure. Its ability to provide enhanced operational performance, decision making, project price forecasting, and efficient partnership is expected to augment the demand for BIM. The market growth is propelled by the increasing construction of industrial and residential buildings. Several public & private builders are utilizing this software in order to enhance their operational and the government is also supporting for such advancements.
Moreover, the demand for advanced solutions in order to cut down the costs is due to the increasing cost of investment in engineering and construction. In addition, the market growth is expected to be boosted by the growing smart city projects and massive demand for advanced infrastructure. The demand for software in construction and architecture is increasing considerably. Using the solution, the builder and owner become capable of cutting down the complete cost of building information modeling solutions. A reliable and powerful infrastructural foundation in the country can be obtained by installation of these advanced technologies can provide. Therefore, governments in various countries are deploying the technology with an aim to get effective outcomes.
The US market dominated the North America Building Information Modeling Services Market by Country 2019, growing at a CAGR of 17.3 % during the forecast period. The Canada market is experiencing a CAGR of 20.9% during (2020 - 2026). Additionally, The Mexico market is expected to witness a CAGR of 19.9% during (2020 - 2026).
The Commercial market dominated the Canada Building Information Modeling Market by Building Type 2019, thereby, achieving a market value of $273 million by 2026. The Industrial market is estimated to grow at a CAGR of 18.5% during (2020 - 2026). Additionally, The Residential market is showcasing a CAGR of 20% during (2020 - 2026).
Based on Component, the market is segmented into Solution and Services. Based on Building Type, the market is segmented into Commercial, Industrial and Residential. Based on Project Life Cycle, the market is segmented into Preconstruction, Construction and Operations. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Application, the market is segmented into Planning & Modelling, Asset Management, Construction & Design, Building System Analysis & Maintenance Scheduling and Others. Based on End User, the market is segmented into Architects/Engineers and Contractors & Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Autodesk, Inc., Nemetschek Group, Bentley Systems, Inc., Trimble, Inc., Dassault Systemes SE, Hexagon AB, Schneider Electric SE, Asite limited, Archidata, Inc., and The Beck Group.
Scope of the Study
Market Segments covered in the Report:
By Component
By Building Type
By Project Life Cycle
By Deployment Type
By Application
By End User
By Country
Companies Profiled
Unique Offerings from the Publisher
An ultra-modern 3D model software solution that aids engineering, AEC architecture, and construction experts to get insights in terms of project operations is termed as Building Information Modeling. These insights facilitate in effective planning, designing, processing, and constructing complete buildings and infrastructure. Its ability to provide enhanced operational performance, decision making, project price forecasting, and efficient partnership is expected to augment the demand for BIM. The market growth is propelled by the increasing construction of industrial and residential buildings. Several public & private builders are utilizing this software in order to enhance their operational and the government is also supporting for such advancements.
Moreover, the demand for advanced solutions in order to cut down the costs is due to the increasing cost of investment in engineering and construction. In addition, the market growth is expected to be boosted by the growing smart city projects and massive demand for advanced infrastructure. The demand for software in construction and architecture is increasing considerably. Using the solution, the builder and owner become capable of cutting down the complete cost of building information modeling solutions. A reliable and powerful infrastructural foundation in the country can be obtained by installation of these advanced technologies can provide. Therefore, governments in various countries are deploying the technology with an aim to get effective outcomes.
The US market dominated the North America Building Information Modeling Services Market by Country 2019, growing at a CAGR of 17.3 % during the forecast period. The Canada market is experiencing a CAGR of 20.9% during (2020 - 2026). Additionally, The Mexico market is expected to witness a CAGR of 19.9% during (2020 - 2026).
The Commercial market dominated the Canada Building Information Modeling Market by Building Type 2019, thereby, achieving a market value of $273 million by 2026. The Industrial market is estimated to grow at a CAGR of 18.5% during (2020 - 2026). Additionally, The Residential market is showcasing a CAGR of 20% during (2020 - 2026).
Based on Component, the market is segmented into Solution and Services. Based on Building Type, the market is segmented into Commercial, Industrial and Residential. Based on Project Life Cycle, the market is segmented into Preconstruction, Construction and Operations. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Application, the market is segmented into Planning & Modelling, Asset Management, Construction & Design, Building System Analysis & Maintenance Scheduling and Others. Based on End User, the market is segmented into Architects/Engineers and Contractors & Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Autodesk, Inc., Nemetschek Group, Bentley Systems, Inc., Trimble, Inc., Dassault Systemes SE, Hexagon AB, Schneider Electric SE, Asite limited, Archidata, Inc., and The Beck Group.
Scope of the Study
Market Segments covered in the Report:
By Component
- Solution
- Services
By Building Type
- Commercial
- Industrial
- Residential
By Project Life Cycle
- Preconstruction
- Construction
- Operations
By Deployment Type
- On-premise
- Cloud
By Application
- Planning & Modelling
- Asset Management
- Construction & Design
- Building System Analysis & Maintenance Scheduling
- Others
By End User
- Architects/Engineers
- Contractors & Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- Autodesk, Inc.
- Nemetschek Group
- Bentley Systems, Inc.
- Trimble, Inc.
- Dassault Systemes SE
- Hexagon AB
- Schneider Electric SE
- Asite limited
- Archidata, Inc.
- The Beck Group
Unique Offerings from the Publisher
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Building Information Modeling Market by Component
Chapter 5. North America Building Information Modeling Market by Building Type
Chapter 6. North America Building Information Modeling Market by Project Life Cycle
Chapter 7. North America Building Information Modeling Market by Deployment Type
Chapter 8. North America Building Information Modeling Market by End User
Chapter 9. North America Building Information Modeling Market by Application
Chapter 10. North America Building Information Modeling Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Autodesk, Inc.
- Nemetschek Group
- Bentley Systems, Inc.
- Trimble, Inc.
- Dassault Systemes SE
- Hexagon AB
- Schneider Electric SE
- Asite limited
- Archidata, Inc.
- The Beck Group
Methodology
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