The North America building information modeling (BIM) market was valued at USD 1.18 billion in 2015 and is projected to retain a steady growth during the reporting period of 2015-2020. BIM can be defined as Computer Aided Design (CAD) archetype creating a set of interacting policies, processes and technologies generating a methodology to manage the essential building design and project data in digital format, visually representing physical and functional characteristics of the location or construction facility, throughout its lifecycle. 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 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 rate of construction activity is expected to witness marginal changes over the reporting period 2015-2020. Industrial construction and commercial establishments are expected to be the major buyers of the BIM software. Renovation activity has emerged as one of the key trends in 2015, thanks to the advent of ‘smart solutions', several office and residential complexes have been actively adopting the green and smart solutions.
The growth of this market is largely fueled by technological advancements in the field of Internet of Things (IoT) and big data, in addition to the several benefits provided by BIM that include enhanced communication, optimized performance, and co-ordination throughout the asset lifecycle. On the flipside, the high cost of ownership and implementation issues is the major restraints influencing the growth of this market.
The market can be segmented into type, application, end-user and region. Some of the major players of the market mentioned in the report are:
- Autodesk, Inc.
- Archidata, Inc.
- Beck Technology Ltd
- Barton Malow
- Bentley Systems
- Design Data
- Cadsoft Corporation
- PCL Construction
- Robert Mcneel & Associates
Key Deliverables of the study
- Global, regional and country-level analysis along with forecasts of the study market
- Study of the effect of exogenous & endogenous factors, viz. demographic, economics, and political factors, among others, which affect the global market
- Porter’s five forces framework incorporating the factors influencing each force to determine the intensity of competition
- Segment and sub-segment level analysis of the market over the review and forecast period
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining competitive edge
- Analysis for key players and a detailed study of their current strategic interests and key financial performance indicators
