Top Companies in Building Information Modeling Market | Top Key Players Growth Analysis, Statistics, Market Insights, Historical data | Research Report by Vantage Market Research

Building Information Modeling is a three-dimensional depiction of a building's design, including the plan, elevation, and section.

Top Companies in Building Information Modeling Market | Top Key Players Growth Analysis, Statistics, Market Insights, Historical data | Research Report by Vantage Market Research
building information modeling market

Market Overview:

The Global Building Information Modeling Market was valued at USD 5,721.4 Million in the year 2021 and is projected to reach a value of USD 1,1172.5 Million by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 11.8% over the forecast period. Building Information Modeling (BIM) is a digital modeling approach that allows architects, engineers, and contractors to collaborate on the design, building, and operation of a structure. A commercial building involves many people from several professions, including architects, engineers, business experts, contractors, artisans, construction workers, and others. Without Building Information Modeling (BIM), each of these individuals would be responsible for their project, and when they get together, their plans may be incompatible. Occasionally, problems are not found until the construction phase has begun, resulting in costly change orders and timetable delays.

Building information modeling let’s all parties involved in a construction project collaborate in real-time, resulting in high cost, safety, and efficiency savings. As a result, BIM has risen to prominence as one of the most significant construction advancements in recent years. The building details Professionals in AEC design, engineering, and construction can learn more about project operations by using modeling, a cutting-edge 3D model software solution. These insights make it easier to efficiently plan, design, and process and build large structures and infrastructure. The need for BIM is projected to increase due to its potential to provide better operational performance, decision making, project cost estimation, and effective cooperation.

The Building information modeling market is anticipated to increase because of the rising construction of residential and commercial structures. Several public and private builders are applying the software to increase operational efficiency with the backing of the government. For instance, in order to quadruple construction efficiency by 2024, Michigan contractor Barton Malow worked with Trimble Inc. The company's initial goals are to improve daily operations, operational safety, productivity, and quality by integrating the software.

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Some of the key players operating in the Building Information Modeling Market are listed below:

Company Name

Revenue in the US

  • Autodesk

$4 Billion

  • Nemetschek

$717 Million

  • Bentley Systems

$965 Million

  • Trimble

$3 Billion

  • Dassault Systems

$5 Billion

  • RIB Software

$304 Million

  • ASITE

$15 Million

  • AVEVA

$1 Billion

 

  1. Autodesk

The company is headquartered in California, United States, and was founded on the year 30 January 1982. There is approximately 13 thousand number of employees in their organization. Autodesk is an application software company that serves industries in architecture, engineering and construction, product design and manufacturing, and media and entertainment. Autodesk software enables the design, modeling, and rendering needs of these industries.

  1. Nemetschek

The company headquarters are in Munich, Germany and was founded in the year 1963 in Munich, Germany. There are approximately 3,400 employees in their organization. The company is a provider of software solutions for the construction industry. Most of the users of Nemetschek software are architects, civil engineers, structural designers, design planners, and landscape architects. Its product capabilities include computer-aided design and engineering, 3D visualization, cost planning and invoicing, calculation and administration, facility management, animation, and rendering. 

  1. Bentley Systems

The company has its headquarters located in Pennsylvania, United States. Bentley Systems was founded in the year 1984 in Exton, Pennsylvania, United States. There are approximately 4,500 employees working in their organization. Bentley Systems, Incorporated provides software solutions. The company offers software for bridge analysis, construction, simulation and analysis, modeling, and geotechnical engineering. Bentley Systems serves customers worldwide. 

  1. Trimble

The company has its headquarters in California, United States and was founded in the year November 1978. Trimble Inc. provides advanced location-based software solutions. The company integrates its positioning expertise in GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide complete commercial solutions and operates its business worldwide. 

  1. Dassault Systems

The company is headquartered are in France and was firstly founded on 1981. Dassault Systems is one of the leading providers of computer-assisted design and product lifecycle management software, serving customers like Boeing and Tesla throughout the production process. Dassault Systems’ top line largely depends on the transportation and mobility, industrial equipment, and aerospace and defense industries.

  1. RIB Software

The company has its headquarters located in Germany and the company was founded in the year 1961 in Stuttgart, Germany. RIB Software SE creates, develops, and offers software for construction, plant engineering, and infrastructure management worldwide. The company's operating segment includes iMTWO. The iMTWO segment either supplies customers with non-exclusive, perpetual software usage rights based on license agreements or provides software for use for a limited period. 

  1. ASITE

The company is headquartered in the United Kingdom. ASITE was founded in the year 2001. ASITE provides full remote implementation, configuration, and training services to get clients set upon the platform, alongside all the user documentation needed to run the system. The company has approximately 200-500 employees working in their organization.

  1. AVEVA

The company headquarters are in Cambridge, United Kingdom. AVEVA was founded in the year 1967. AVEVA Group PLC, a holding company, markets and develops computer software and services for engineering and related solutions. The company has approximately 6,200 employees working in their organization at 90 locations in more than 40 countries.

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