North America Building Information Modeling Market By Component (Solution and Services), By Building Type (Commercial, Industrial and Residential), By Project Life Cycle (Preconstruction, Construction and Operations), By Deployment Type (On-premise and Cloud), By Application (Planning & Modelling, Asset Management, Construction & Design, Building System Analysis & Maintenance Scheduling and Others), By End User (Architects/Engineers and Contractors & Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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The North America Building Information Modeling Market would 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 would 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 would 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 Building Type
By Project Life Cycle
By Deployment Type
- Planning & Modelling
- Asset Management
- Construction & Design
- Building System Analysis & Maintenance Scheduling
By End User
- Contractors & Others
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Autodesk, Inc.
- Nemetschek Group
- Bentley Systems, Inc.
- Trimble, Inc.
- Dassault Systemes SE
- Hexagon AB
- Schneider Electric SE
- Asite limited
- Archidata, Inc.
- The Beck Group
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