Lucintel's latest market report analyzed that building information modeling provides attractive opportunities in buildings, civil infrastructure, oil & gas, industrial, and utilities. The building information modeling market is expected to reach $9 billion by 2025 with a CAGR of 10%. In this market, software is the largest segment by offering, whereas residential and commercial building is largest by end use industry. Development of Artificial Intelligent in BIM, Increasing demand for BIM based cloud collaboration, and emergence of modular construction and prefabrication provides strategic growth path in this market.
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Based on offering, the building information modeling market is segmented into software, and service. The software segment accounted for the largest share of the market in 2020 due to increasing demand in architecture, engineering, and construction (AEC) as it offers various benefits, such as interoperability between applications, easy visualization, and cost effectiveness.
Browse in-depth TOC on “Building Information Modeling Market”
85 – Tables
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198 – Pages
The building information modeling market is marked by the presence of several big and small players. Some of the prominent players offering building information modeling include Autodesk, Nemetschek Group, Hexagon AB, RIB Software, EMGworks, Trimble, Dassault Systemes, Asite Solution, Topcon.
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