North America Building Information Modelling Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

North America Building Information Modelling Market Analysis

The North America building information modeling (BIM) market registered a CAGR of 13.2% during the forecast period, 2022-2027 (hereafter, referred to as the forecast period). The demand for BIM solutions is partly dependent on the construction activity witnessed in a region, and in the US, it has recovered significantly after the economic recession to emerge as one of the major sectors of the economy. The US has been one of the early adopters of BIM solutions, with the general services administration taking several proactive measures to promote the usage of BIM solutions.

• The usage of BIM has become more common in the AEC industry due to the numerous benefits connected with this technology. Because of the fragmented delivery methods, building problems, and various parties involved in the process, the contemporary AEC business is complicated, allowing for the widespread use of BIM. This is mostly due to a growth in the number of government laws pertaining to BIM adoption in the AEC industry, as well as the growing need for automated models in the construction arena to improve operational efficiencies.
• BIM-supporting technology and methods are continually emerging in the building sector. The concept of BIM integration with AR/VR, where users may view and interact with a virtual world, has grown in popularity. The growing popularity of BIM integration with AR/VR is good for market growth since it enhances communication among stakeholders and provides better visualization for designers, engineers, and other stakeholders, allowing for a one-to-one, completely immersive experience.
• The COVID-19 epidemic had had little influence on the expansion of the building information modeling business since the COVID-19 lockdown allowed for widespread adoption of BIM, allowing projects to proceed in a virtual and digital environment even when participants were unable to meet in person. The epidemic has compelled people to seek out safer and more efficient methods to construct offices and houses.
• Policies and regulations implemented by governments for the deployment of BIM solutions in the construction of public and private infrastructure across different countries in this region foster the growth of the BIM market. In North America, in most countries, the use of BIM for commercial projects has been made mandatory.

North America Building Information Modelling Industry Segments

Building Information Modeling (BIM) is a 3D model-based process for creating and managing information on a construction project across the project lifecycle. The important outputs of this process are the building Information model the digital description of every aspect of the built asset to manage the building infrastructure in a better way.

North America Building Information Modelling Market is segmented By Type (Software, Services), By Deployment Type (On-premise, Cloud), Application (Commercial, Residential, Industrial), and Country.

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North America Building Information Modelling Market Trends

This section covers the major market trends shaping the North America Building Information Modelling Market according to our research experts:

Increasing Cloud-based BIM Software

• As a result of the epidemic, more people are working from home. Designers and structural engineers, for example, may plot future projects using digital collaboration tools and cloud-based software from remote places. The cloud-based software market is predicted to develop as a result of this. Engineers and builders may also remotely manage client contracts, project management, sales, and other activities using BIM software.
• According to numerous builders and owners, now is a great moment to upskill employees and provide fundamental foundation knowledge with digital tools to improve productivity. During the crisis, software companies also assist builders and contractors in getting the most out of these solutions.
• Autodesk Inc., for example, provided free access to its 31 million 360 Docs, 81 million 360 Design, Fusion 360, Fusion Team, and other products. In this complicated context of the COVID epidemic, the organization wanted to give project managers, workers, team members, and owners flexibility—this aided project managers in retaining high-productivity onsite work. As a result of the epidemic, demand for building information modeling software is likely to skyrocket.

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