DUBLIN — (BUSINESS WIRE) — May 16, 2018 — The "Global Building Information Modelling Market - Segmented by Solution Type (Software, Service), Application (Commercial, Residential, Industrial), End-User and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The Global Building Information Modelling (BIM) market was estimated to be worth USD 5.265 billion in 2017, and is projected to reach USD 14.033 billion by 2023, registering a CAGR of 17.5% over the forecast period of 2018-2023.

The scope of the report is limited to solutions offered by major players, including the providers of software and services. The regions considered in the scope of the report include North America, Europe, and others. The study also emphasizes on how the deployment of BIM tools for a building helps various people involved in planning and constructing a building.

The emergence of BIM has created a paradigm shift within the architecture, engineering, construction, and operations (AECO) industry, by changing the way construction activities are planned, designed, built, and managed. These tools facilitate money saving, time saving, and simplifying the construction processes, thereby driving the building information modelling software market. Moreover, companies are trying to develop a standardized BIM model that can be used to integrate the different types of modeling systems. In addition, government norms in various countries are promoting the usage of BIM software in key international markets. Similarly, through its various modules, BIM enhances project performance and productivity. However, cost- and implementation-related issues can act as challenges for the widespread adoption of BIM software.

Key Highlights

• Governmental Mandates Promoting the Usage of BIM in Key International Markets
• Commercial Applications to Account for Highest Market Share

Companies Mentioned

• Autodesk Inc.
• Asite Solutions Ltd
• Bentley Systems Inc.
• Dassault Systems SA
• Nemetschek SE
• Trimble Inc.
• Aveva Group PLC
• Bimeye Inc.
• Topcon Positioning Systems Inc.
• Rib Software AG
• Clearedge3D Inc.
• Hexagon AB

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global Building Information Modelling Market Segmentation

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Outlook of Building Information Modelling Market

For more information about this report visit https://www.researchandmarkets.com/research/k2vz2m/building?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180516005548/en/