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Building Information Modeling (BIM) Software Market Set to Surge: Expected to Reach USD 17.59 Billion by 2031: Market Research Intellect

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The Building Information Modeling (BIM) Software market is set for explosive growth, expanding at a 19.9% CAGR between 2024 and 2031. This surge is driven by increasing demand for efficient project management, rising adoption of advanced digital construction tools, and government mandates for BIM usage in infrastructure projects. As the construction industry shifts towards sustainable and smart building practices, BIM software is becoming essential for designing, managing, and operating modern structures, further fueling market growth.

LEWES, Del., Aug. 16, 2024 /PRNewswire/ — The Building Information Modeling (BIM) software market is projected to grow from USD 4.73 Billion in 2024 to USD 17.59 Billion by 2031, reflecting a compound annual growth rate (CAGR) of 19.9%. This significant expansion underscores the increasing adoption of BIM technology across the construction and infrastructure sectors.

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202 – Pages
126 – Tables
37 – Figures

Scope Of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Autodesk, Bentley Systems, Trimble, Nemetschek, Graphisoft, RIB Software, Dassault Systèmes, and AccuRender.

SEGMENTS COVERED

By Deployment Type, By Application, By End-User and By Region

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Building Information Modeling (BIM) Software Market Overview

1. Market Size and Forecast

The Building Information Modeling (BIM) software market is expected to expand significantly, from USD 4.73 billion in 2024 to USD 17.59 billion by 2031. This growth represents a robust compound annual growth rate (CAGR) of 19.9%. The substantial increase is driven by the increasing need for advanced software solutions in the construction and infrastructure sectors. As BIM technology becomes integral to project planning, design, and management, the market’s expansion reflects the growing recognition of its value in enhancing operational efficiency and project outcomes.

2. Key Market Drivers

Several factors are fueling the growth of the BIM software market. The increasing adoption of digital technologies in construction, coupled with the demand for more efficient project management and collaboration tools, is a major driver. Government regulations mandating BIM for public infrastructure projects also contribute to the market’s expansion. Additionally, the shift towards sustainable and smart building practices emphasizes the need for BIM solutions to streamline processes and ensure accurate, data-driven decision-making throughout the project lifecycle.

3. Technological Advancements

Technological advancements are a crucial driver of the BIM software market’s growth. Innovations such as cloud-based BIM solutions, real-time data analytics, and integration with other digital tools enhance the functionality and efficiency of BIM software. These advancements enable improved collaboration, data sharing, and project management, addressing the growing complexity of construction projects. As technology evolves, BIM software continues to advance, offering more sophisticated features and capabilities that cater to the evolving needs of the construction industry.

4. Market Segmentation

The BIM software market is segmented based on deployment type, application, end-user, and region. Deployment types include on-premises and cloud-based solutions, with cloud-based options gaining traction due to their scalability and accessibility. Applications span across architecture, engineering, and construction (AEC) sectors, with end-users ranging from small firms to large enterprises. Regional segmentation highlights varying adoption rates and market dynamics across North America, Europe, Asia-Pacific, and other regions, influenced by local regulations, industry growth, and technological advancements.

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5. Regional Analysis

The regional analysis of the BIM software market reveals significant growth opportunities across different areas. North America, led by the U.S., holds a substantial market share due to early adoption and technological advancements. Europe follows, driven by stringent regulations and a focus on sustainable construction. The Asia-Pacific region is expected to experience rapid growth, fueled by infrastructure development and increased investments in digital technologies. Emerging markets are also showing potential, driven by growing urbanization and infrastructure projects.

6. Competitive Landscape

The competitive landscape of the BIM software market features a mix of established players and emerging innovators. Key market participants include Autodesk, Bentley Systems, Trimble, and Nemetschek, which offer comprehensive BIM solutions with varying features and specializations. The market is characterized by ongoing product development, strategic partnerships, and mergers and acquisitions, as companies seek to enhance their offerings and gain a competitive edge. Innovation and customer-centric approaches are crucial for maintaining market leadership and addressing evolving industry needs.

7. Challenges and Restraints

Despite its growth prospects, the BIM software market faces several challenges. High implementation costs and the complexity of integrating BIM with existing systems can be barriers for smaller firms. Additionally, the need for skilled personnel to effectively use BIM software poses a challenge. Resistance to change within traditional construction practices may also slow adoption. Addressing these challenges requires ongoing advancements in technology, cost-effective solutions, and comprehensive training programs to facilitate widespread adoption and maximize the benefits of BIM.

8. Future Outlook

The future outlook for the BIM software market is highly positive, driven by continued technological advancements and increasing adoption across various sectors. The integration of artificial intelligence, machine learning, and augmented reality into BIM solutions is expected to further enhance their capabilities and appeal. As the construction industry increasingly embraces digital transformation, BIM software will play a crucial role in shaping the future of project management, design, and construction. The market’s growth trajectory reflects the growing importance of BIM in achieving efficient, sustainable, and innovative building practices.

Geographic Dominance:

The Building Information Modeling (BIM) Software market exhibits notable geographic dominance, with significant growth driven by various regions. North America leads, particularly the U.S., due to early adoption, advanced technological infrastructure, and a strong focus on innovation. The region’s high investment in infrastructure and construction projects further supports its market dominance. Europe follows closely, where stringent regulations and a commitment to sustainable construction practices drive BIM adoption.

The Asia-Pacific region is experiencing rapid growth, propelled by robust urbanization, infrastructure development, and increased digital technology investments in countries like China, India, and Japan. Emerging markets in Latin America and the Middle East are also gaining traction, supported by rising infrastructure projects and urban development. As these regions continue to embrace digital transformation, their contributions to the global BIM software market are expected to expand, shaping the future landscape of the industry.

Building Information Modeling (BIM) Software Market Key Players Shaping the Future

The Building Information Modeling (BIM) software market is significantly influenced by several key players, including Autodesk, Bentley Systems, Trimble, Nemetschek, Graphisoft, RIB Software, Dassault Systèmes, and AccuRender. These companies are leading the market with their innovative solutions and advanced technologies, shaping the future of BIM by driving digital transformation and enhancing project management, design, and collaboration across the construction and infrastructure sectors.

Building Information Modeling (BIM) Software Market Segment Analysis

Based on the research, Market Research Intellect has segmented the global Biometric Systems Market into Product, Vehicle Type, And Geography.

By Deployment Type

On-Premises: Traditional software installed and operated on local servers, offering high security and customization but requiring significant upfront investment and maintenance.Cloud-Based: Increasingly popular due to its scalability, accessibility, and lower upfront costs. It facilitates real-time collaboration and updates but relies on internet connectivity.

By Application

Architecture: Focuses on design and planning phases, enhancing visualization, and coordination among stakeholders.Engineering: Includes structural, MEP (mechanical, electrical, plumbing), and civil engineering applications, optimizing the design and analysis of complex systems.Construction: Supports project management, scheduling, and cost estimation, improving efficiency and reducing errors during the construction phase.

By End-User

Small and Medium Enterprises (SMEs): Benefit from cost-effective solutions and streamlined workflows, often focusing on specific aspects of BIM.Large Enterprises: Require comprehensive and scalable BIM solutions to manage complex and large-scale projects across multiple disciplines and locations.

By Region

North America: Leads in market share due to early adoption, technological advancements, and substantial infrastructure investments.Europe: Driven by regulatory requirements and a strong focus on sustainable building practices.Asia-Pacific: Rapid growth due to urbanization, infrastructure development, and increasing adoption of digital technologies.Latin America and Middle East: Emerging markets with growing infrastructure projects and increasing BIM adoption.

Internet, Communication, and Technology (ICT) category

The Building Information Modeling (BIM) software market is a pivotal sector within the Internet, Communication, and Technology (ICT) category, transforming how construction and infrastructure projects are designed and managed. BIM software facilitates the creation of detailed 3D models, improving accuracy, efficiency, and collaboration throughout a project’s lifecycle. The market is rapidly expanding, driven by technological advancements, increased adoption of cloud-based solutions, and growing demand for integrated project management tools. Key players such as Autodesk, Bentley Systems, and Trimble are at the forefront, offering innovative solutions that enhance design, visualization, and coordination. The shift towards digital transformation in construction and infrastructure is fueling the growth of BIM software, making it an essential tool for modern project execution and management.

The Building Information Modeling (BIM) software market, a crucial component of the Internet, Communication, and Technology sector, is experiencing significant growth. BIM software revolutionizes the construction industry by providing detailed 3D models that improve project accuracy and collaboration. Technological innovations and the rise of cloud-based solutions are driving this expansion. Major companies like Autodesk and Bentley Systems are leading the charge, offering advanced tools that enhance design and project management. As the construction sector embraces digital transformation, BIM software is becoming indispensable for efficient and effective project execution.

Our related Reports

Global 3D Building Design and Building Information Modeling BIM Software Market is categorized based on Type (Cloud-Based, On-Premise) and Application (Architect, AEC Engineering Office, Contractor, Owner, Others) and geographical regions.

Global Building Information Modeling BIM Extraction Software Market is categorized based on Type (On-premise Software, Cloud-based Software) and Application (Water and Waste Water, Rail Transit and Aviation, Energy Generation Facilities, Roads, Bridges, and Highways, Houses and Apartments, Factories and Warehouses, Educational Institutes and Commercial Spaces, Government Buildings, Dams) and geographical regions.

Global  Building Information Modeling Outsourcing Services Market is categorized based on Type (Information Outsourcing, Service Outsource) and Application (Large Enterprise, Small Enterprise) and geographical regions.

Global Virtual Mailbox Software Market is categorized based on Application (Virtual Mailbox Solutions, Mail Scanning Services, Virtual Address Services, Digital Mail Management, Mail Forwarding Services) and Product (Mail Handling, Remote Work, Business Operations, Personal Mail Management) and geographical regions.

Global Private Plane Market is categorized based on Application (Light Jets, Mid-size Jets, Heavy Jets, Turboprops, Very Light Jets) and Product (Corporate Travel, Personal Travel, Air Ambulance, Charter Services, Government, Training) and geographical regions.

About Us: Market Research Intellect

Welcome to Market Research Intellect, where we lead the way in global research and consulting, proudly serving over 5,000 esteemed clients worldwide. Our mission is to empower your business with cutting-edge analytical research solutions, delivering comprehensive, information-rich studies that are pivotal for strategic growth and critical revenue decisions.

Unmatched Expertise: Our formidable team of 250 highly skilled analysts and subject matter experts (SMEs) is the backbone of our operations. With extensive training in advanced data collection and governance, we delve into over 25,000 high-impact and niche markets. Our experts seamlessly integrate modern data collection techniques, robust research methodologies, and collective industry experience to produce precise, insightful, and actionable research.

Diverse Industry Coverage: We cater to a wide array of industries, ensuring that our insights are both relevant and specialized. Our expertise spans: Energy, Technology, Manufacturing and Construction, Chemicals and Materials, Food and Beverages

Having collaborated with numerous Fortune 2000 companies, we bring unparalleled experience and reliability to meet all your research needs. Our proven track record reflects our commitment to excellence and client satisfaction.

Contact Us:
Mr. Edwyne Fernandes
Market Research Intellect
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Email: sales@marketresearchintellect.com
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Technology

Employer Ghosting Exposed: Virtual Vocations Survey Uncovers the Impact of Silence in the Hiring Process

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January 6, 2025

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Discover how employer ghosting impacts remote jobseekers and what candidates want from hiring processes. Virtual Vocations’ latest survey reveals key insights into improving communication and transparency.

TUCSON, Ariz., Jan. 5, 2025 /PRNewswire-PRWeb/ — Virtual Vocations, a leading platform for remote jobseekers, has released the results of its latest survey uncovering a growing trend in the remote work hiring landscape: employer ghosting. The company’s Employer Ghosting Survey highlights how candidates navigating the increasingly competitive remote job market are being left in the dark by potential employers.

“Employer ghosting is more than just a missed connection—it’s a critical failure in communication that leaves jobseekers feeling undervalued and disillusioned. Our survey highlights the urgent need for employers to prioritize transparency.” –Laura Spawn, CEO and co-founder of Virtual Vocations.

This groundbreaking survey collected data from 529 respondents to identify the prevalence of employer ghosting, its impact on jobseekers, and actionable solutions for creating a more transparent and respectful hiring process. The findings reveal a startling disconnect between employers and jobseekers, especially where communication is concerned.

Laura Spawn, CEO of Virtual Vocations, emphasized the importance of addressing this issue, stating, “Employer ghosting is more than just a missed connection—it’s a critical failure in communication that leaves jobseekers feeling undervalued and disillusioned. Our survey highlights the urgent need for employers to prioritize transparency.”

These are key findings and statistics from the survey that illustrate the prevalence of employer ghosting and its effects on candidates navigating the remote job market.

Candidate Experiences with Employer Ghosting

Frequency of Ghosting: 57% of respondents reported being ghosted frequently or almost always during remote job searches.Timing of Ghosting: 67% of candidates felt ghosted after submitting applications, indicating that communication breakdowns are most common in the early stages of the hiring process.Impact on Candidates: 38% of jobseekers either withdrew or considered withdrawing from hiring processes due to poor communication, highlighting the emotional toll of ghosting.

Jobseeker Communication Preferences

Preference for Personalized Communication: 67% of respondents prefer personalized rejection emails, showing the importance of thoughtful engagement from employers.Impact of Application Status Updates: 82% of respondents believe that updates on their application status help reduce feelings of being ghosted.Desire for Specific Feedback: 69% of respondents want specific feedback on rejections, indicating a strong demand for constructive insights to aid in their professional growth.

The Impact of Employer Ghosting on Jobseekers

Negative Perception of Companies: 39% of respondents reported that employer ghosting negatively impacts their view of a company, with 26% reconsidering future applications to that company.Emotional Impact on Jobseekers: 41% of respondents felt frustrated but remained motivated to continue their job search, while 28% felt discouraged and unmotivated after being ghosted.Sharing Experiences on Social Media: 16% of respondents were very likely to share their ghosting experiences on social media, with an additional 20% somewhat likely to do so, potentially amplifying the negative impact on the company’s public image.

Candidate Suggestions for Improving the Hiring Process

Demand for Improved Communication: 29% of respondents want realistic timelines for feedback, 27% advocate for training hiring managers on communication best practices, and 25% highlight the need for better applicant tracking systems.Key Motivators Despite Ghosting: 30% of candidates are motivated by potential career growth, and 29% value flexibility, including remote work, as key factors for staying engaged despite being ghosted.Expectations for Timely Responses: 36% of respondents expect follow-ups within one week after an interview, while 32% find 3–5 days reasonable, emphasizing the importance of prompt communication in the hiring process.

To explore the full Employer Ghosting Survey results, visit the Virtual Vocations blog at https://www.virtualvocations.com/blog/annual-statistical-remote-work-reports/employer-ghosting-survey-results/.

ABOUT VIRTUAL VOCATIONS
Founded in 2007 by CEO Laura Spawn and her brother, CTO Adam Stevenson, Virtual Vocations is a small company with a big mission: to connect jobseekers with legitimate remote job openings. To date, Virtual Vocations has helped more than four million jobseekers in their quests for flexible, remote work.

In addition to providing a database of current, hand-screened, and 100% remote job openings, Virtual Vocations offers jobseekers a number of tools to aid in their job searches, including exclusive career courses, downloadable jobseeker content, and career coaching and resume writing services. Virtual Vocations also releases several data-driven reports each year on current trends in remote work.

Virtual Vocations, Inc. is a private, family-owned, and 100% virtual company incorporated in Tucson, Arizona.

Media Contact

Kimberly Back, Virtual Vocations, Inc., 1 (800) 379-5092 x. 703, kim@virtualvocations.com, https://www.virtualvocations.com

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SOURCE Virtual Vocations, Inc.

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Partnered with Kiztopia, Creta Class Celebrates the Success of Jumptopia™ Triple Adventure at Marina Bay Sands

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January 6, 2025

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SINGAPORE, Jan. 6, 2025 /PRNewswire/ — The highly anticipated Jumptopia™ Triple Adventure has finally come to a successful close, and Creta Class is proud to reflect on the incredible journey that brought joy and excitement to families across Singapore during the festive season. From 26 November 2024 to 5 January 2025, Marina Bay Sands Expo & Convention Centre Hall C transformed into a vibrant world of adventure, creating unforgettable memories for all families who attended.

This year, Creta Class partnered with Kiztopia to bring a fresh twist to their annual Jumptopia™ event. Beyond exhilarating inflatable slides and challenging obstacle courses, Creta Class showcased its innovative math learning program through an engaging booth with fun-filled activities. Families discovered how Creta Class can bring engaging, interactive learning experiences to young minds, aligning perfectly with the event’s theme of family bonding and edutainment.

“At Creta Class, we’re all about creating experiences through Maths Learning that bring families closer, and Jumptopia™ Triple Adventure was a perfect reflection of that mission,” said Raigo Law, Event & Partnership Manager from Creta Class. “The response has been truly heartwarming, and it’s been an absolute pleasure to see so many families laughing, playing, and making lasting memories together.”

“We are delighted to bring Jumptopia™ back this year with a twist and even more excitement.” said Ms Heidi Tian, Founder and CEO of Kiztopia. “We know how much kids and families love spending time together at Jumptopia™, and this year’s Triple Adventure delivered an experience like never before.”

One of the participants, Cliantha Ooi won a pair of tickets through Creta Class’ lucky draw, and shared her excitement: “Jumptopia™ Triple Adventure was an absolute highlight for our family this holiday season. It was the perfect opportunity for us to bond and create unforgettable memories. We can’t thank Creta Class and Kiztopia enough for such a fun and engaging event!”

As the event concludes, Creta Class continues to stay true to its vision of integrating cutting-edge technology into its products and services, with the goal of creating enjoyable, enriching learning experiences for children around the world.

About Creta Class
Creta Class combines AI technology with educational expertise to deliver a fun and inspiring learning experience for children worldwide, with a presence in the United States, Singapore, Japan, Korea, India, and other regions.

For more information, visit www.cretaclass.com.

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SOURCE Creta Class

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Technology

Sharper, Sleeker, Smarter – DORCO Launches Premium Razor SLEEK

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January 6, 2025

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DORCO declares “Shaving to Perfection” with the introduction of SLEEK razor, featuring the brand’s All-New Blade technology.  The new razor is set to be launched in the other countries in the first quarter of 2025.

SEOUL, South Korea, Jan. 6, 2025 /PRNewswire/ — DORCO, celebrating its 70th anniversary since its founding, has announced the launch of its premium razor line, SLEEK, encapsulating decades of expertise in razor technology.

SLEEK results from DORCO’s relentless R&D efforts, combining the innovative Thin Edge Blade technology with precision-engineered blades. Under the banner Shaving to Perfection, the product promises a flawless shaving experience that minimizes skin irritation while ensuring a close shave. Tailored to the preferences of the younger generation, SLEEK blends functionality with stylish design to serve as more than a grooming tool but a lifestyle essential.

SLEEK is equipped with DORCO’s sharpest blade yet, the Super Thin Blade, which is designed to  closely follow the contours of the face for easy and smooth shaves. Its patented coating technology enhances the blade’s lifespan, while the Thin Edge Blade improves cutting efficiency, providing a smoother shaving experience compared to DORCO’s previous models.

A standout feature is DORCO’s Double-Layer Lubricating Strip, which has 10% more lubrication compared to previous products, protecting the skin during shaving. Contained with Vitamin E and aloe, it helps minimize irritation.

SLEEK embodies premium craftsmanship through its sophisticated and innovative design. The Multi-Flex head perfectly adapts to contours for a more comfortable and precise shave, while the matte silver die-cast handle seamlessly blends functionality and sophistication. Utilizing low-center pivot axis technology, SLEEK delivers unparalleled closeness and comfort, offering a shaving experience that redefines precision and ease. These design elements elevate the grooming experience and enhance the product’s appeal.

SLEEK was crafted with careful attention to detail and features: 

DORCO’s Most Advanced Six Blade Cartridges. Thin Edge Blade Technology: Designed with thinner blades than other DORCO razor lineups, it ensures a smooth shave while reducing cutting force for enhanced comfort.Patented Coating Technology[1]: DORCO’s protective coating reinforces the thin edge from breaking.FlexMotion Head: Incorporates multi-flex technology and cushioning for improved skin contact, adapting seamlessly to facial contours to deliver a clean and comfortable shave.Open-Flow Sides Structure: Added to both sides for better sludge removal, ensuring hygienic and convenient use.Double-Layer SmoothShield Lubricating Strip: Delivers 30% more lubrication compared to DORCO’s previous model.Micro Rubber Fin Guard Bar: Aligns skin and hair during shaving to provide a smooth and comfortable experience. 

“This razor represents the pinnacle of our blade technology,” said the Head of Product Development Division at DORCO. “With Thin Edge Blade engineering and our patented coating, SLEEK delivers superior cutting performance and a shave that is both smooth and gentle. The redesigned cartridge structure further highlights DORCO’s craftsmanship and expertise.”

DORCO’s SLEEK design combines minimalist lines, signature elements like concentric button patterns and metal accents, and precise finishes to deliver sophistication and intuitive usability. These details establish a unique design identity while paving the way for future innovations.

“This new product goes beyond just addressing functionality. By considering customer lifestyle, the upgraded product design incorporates consumer-oriented ideas and values with contemporary and stylish elements. We expect a positive response from grooming trendsetters looking for innovative and fashionable solutions that align with their modern lifestyles,” said the Head of Product Design at DORCO.

SLEEK was officially launched in South Korea on November 11, 2024, earning widespread praise and enjoying strong sales performance shortly after its release. Global rollouts are planned for Q1 2025, as part of DORCO’s strategy to expand its footprint in the global premium razor market.

Since its founding in 1955, DORCO has built a reputation as a global leader in razor and manufacturing by offering trusted products to consumers in over 130 countries. Combining precise technology and innovation design, DORCO delivers a differentiated shaving experience through solutions tailored to meet the evolving needs of consumers.

[1] Patents filed in the U.S. and Korea.

About DORCO

Founded in 1955, DORCO has been a global leader in developing and manufacturing innovative razor products worldwide. We continue to push the boundaries of shaving technology. DORCO’s diverse range of safety razors combines cutting-edge blade innovation with ergonomic designs, delivering the smoothest, most comfortable shave on the market. With a commitment to quality, craftsmanship, and sustainability, DORCO enriches the shaving experience for millions of customers across 100+ countries.

Contact

Hoffman Agency Korea Dorco Team / DorcoPRKR@hoffman.com
Heesun Kim / hskim@hoffman.com
Junyong Lee / jlee@hoffman.com

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