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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.

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Technology

CIEBON Chooses Centric PLM to Streamline and Align Teams

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January 7, 2025

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Fast-growing fashion company adopts Centric PLM to support rapid company expansion

CAMPBELL, Calif., Jan. 7, 2025 /PRNewswire-PRWeb/ — Centric Software® is pleased to announce that CIEBON, the fashion company has selected Centric PLM™ to boost collaboration and speed to market. Centric Software provides retailers and brands the most innovative end-to-end product lifecycle enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, outdoor, luxury, footwear, home and related goods like cosmetics & personal care as well as multi-category retail to achieve strategic and operational digital transformation goals.

When we saw that first Centric PLM demo, it was pretty clear that’s what we were missing and what we needed to keep growing.

Based in Los Angeles, California, CIEBON was established in 2021. This contemporary womenswear brand seamlessly merges modern femininity with effortless chic, from dresses to sportswear. Showcased in seasonal collections, CIEBON stands out for its unexpected details and luxurious fabrics, offering a curated selection of statement pieces and elevated ready-to-wear designs. The brand’s collections are available in upscale boutiques, department stores and online.

Daniel Banaga, Creative Director at CIEBON describes how the growth of the business outpaced the growth of the team. Banaga described the tools they used when the company first started as ‘rudimentary’. “We had to learn all the technical know-how and how to do all the integrations with our ERP system. That took a lot of time away from building the business and focusing on the brand,” he explains. Implementing Centric PLM will allow for freedom of tedious tasks shifting focus to collection inspiration and design enabling overall growth of the business.

The brand is renowned for creating custom fabrics with vivid prints and in-house embroidery designs. Banaga explains, “We develop all our embroidery in-house and having a material library for base fabrics and artwork in our colorways will be an incredible asset. It allows us to revisit past designs and reinvent them in fresh, new ways—it’s truly a game changer. With these essentials organized in our PLM, creating new designs or updated versions of existing ones will be seamless and efficient.”

Founder and CEO Charlene Xie says, “I wanted things in a very particular way to offer unique, colorful pieces made with rich fabrics. We are grateful boutiques and retailers appreciated that and it is why we’ve grown so quickly.” It was this growth that propelled the company to look for a PLM solution.

CIEBON identified bottlenecks and misaligned communication as significant pain points. Banaga shares, “Fashion is so time sensitive that if you’re not organized and don’t have all your ducks in a row, you end up suffering the consequences at some point—immediately or down the road. Having a reliable source of information is critical. With our small team moving quickly, effective communication can be a challenge. We needed a centralized system to ensure accurate, up-to-date information and track changes and progress seamlessly. That level of visibility is critical for staying aligned and driving our work forward.” Banaga continues, “One of the main draws for us was the Centric vendor portal. With overseas suppliers, communication over email can get muddied. We needed the ability to see what’s happening on the vendor’s side and to track the progress and changes…Being able to communicate all the changes and all the comments, especially to our vendors—fabric mills and garment companies—is huge. There are numerous collaborations that need to happen. Every minute counts when it comes to what we’re doing. Being organized is key.”

CIEBON did the research and found Centric Software to be an expert in the PLM industry. Banaga says, “When we saw that first Centric PLM demo, it was pretty clear that’s what we were missing and what we needed to keep growing.”

President of Centric Software Fabrice Canonge says, “We are proud to welcome CIEBON, an exciting, emerging fashion brand, to the Centric Software community. They are poised for huge growth and Centric PLM is the perfect tool to enable that growth by organizing data, improving collaboration with vendors and speeding time to market, leaving them to focus on creativity and innovation.”

Learn more about Centric Software

See Centric AI-Powered Solutions in action at NRF 2025, Booth #6257

CIEBON (http://www.ciebon.com)

CIEBON is a Los Angeles based and Asian owned contemporary womenswear brand that blends modern femininity with effortless chic. Presented in seasonal collections, the brand features unexpected detailing and lush fabrics in a range of statement pieces and elevated ready-to-wear.

Media Contact

Aurore Evee, Centric Software, +16479155377, aurore.evee@centricsoftware.com, www.centricsoftware.com

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SOURCE Centric Software

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Dreame Technology Stuns CES 2025 with Innovative Technologies Including Its Groundbreaking Bionic Multi-Joint Robotic Arm Technology and a Full Range of Products Such as the X50 Ultra

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January 7, 2025

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LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — The highly anticipated International Consumer Electronics Show (CES 2025) officially kicked off. Dreame Technology, a leading name in high-end consumer electronics and smart manufacturing, made a striking debut with the theme “All Dreams in One Dreame.” At CES 2025, the company unveiled its comprehensive ecosystem of advanced products, including robot vacuum, wet and dry vacuums, cordless stick vacuums, cordless robotic pool cleaners, and multifunctional hair drying and styling systems. With this impressive lineup, Dreame showcased its cutting-edge smart technologies, redefining the possibilities of innovative living for consumers worldwide.

Strengthen the Core Technology Barriers and Create a New Benchmark in the Robot Vacuum Industry

As a technology benchmark in the smart home appliance industry, Dreame Technology firmly believes that “core technology is the foundation of everything.”  Dreame Technology has continuously broken through and innovated, introducing many industry innovations such as Robotic Flex Arm, VersaLift, and Automatic mop removal technology.

Among them, the most noteworthy is Dreame Technology’s first robotic vacuum cleaner with an automatic arm capable of changing and using different cleaning tools. This design incorporates Dreame Technology’s first bionic multi-joint robotic arm technology and cleaning tool accessory compartment. The bionic multi-joint manipulator with four joints mimics a human hand, seamlessly integrating features similar to shoulders, elbows, wrists, and fingers. It stretches up to 30cm from the machine’s edge, effectively extending its cleaning reach. By being equipped with a self-developed structured light RGB module, the robotic arm can deeply perceive and detect the environment based on AI algorithms and return to the base station to change cleaning tools according to different scenarios and dirty needs to complete various cleaning tasks.

Another innovative Multi-Mop Replacement Dock adopts a new base station structure, which accommodates up to 3 sets of mopping cloths and supports the automatic replacement of mops at the base station. Users can customize different mops for specific areas based on personal preferences and household habits to achieve dedicated mop use in specific zones, thereby effectively avoiding the cross-use of mops in the bathroom, kitchen, living room, bedroom, and other spaces, making it more hygienic and cleaner. Additionally, the system comprehensively upgrades the drying method, adopting a dual air duct design, which can dry 3 sets of mops simultaneously, making it more efficient and time-saving.

Revolutionary Multi-Category Innovations Lead the New Trend in Smart Home Appliances

In the smart cleaning category, the X50 Ultra robot vacuum was one of the most eye-catching products at the Dreame Technology booth, winning many awards, including the CES 2025 International Breakthrough Award. It is equipped with Dreame Technology’s world-first robotic retractable legs technology, which can achieve a maximum obstacle crossing height of 6cm*. At the same time, it also features VersaLift, Dual Flex Arm Technology, and other technologies, elevating the cleaning performance of sweeping robots to a new level.

H15 Pro Heat wet and dry vacuum equipped with Dreame Technology’s GapFree™ AI DescendReach Robotic Arm technology achieves no cleaning dead zones and no water residue. When the wet and dry vacuum senses an edge, the AI smart lifting robotic arm will adaptively press down and quickly stick to the edge to complete the corner cleaning.  Z30 Smart Sensor cordless stick vacuum supports the smart sensor dirt function. Dreame Technology’s self-developed 150,000RPM high-speed digital motor delivers peak suction power of 300AW and a runtime of up to 90 minutes.

For outdoor cleaning scenarios, Dreame Technology has launched the Z1 Pro cordless robotic pool cleaner, whose innovative PoolSense™ technology can intelligently recognize the shape of the pool, enabling optimized zoning and S-shaped cleaning routes to improve cleaning efficiency. Based on LiFi communication technology, users can use a remote control to communicate with the swimming pool robot underwater in real time, assign cleaning tasks, and easily complete various cleaning needs.

On the other side of the booth, the newly launched Airstyle Pro Multifunctional Hair Drying & Styling System also garnered considerable attention from visitors. It is a salon-grade styler that integrates seven functional accessories for blow-drying, curling, straightening, and more.

Dreame Technology’s full ecosystem debut at CES 2025 highlights its remarkable breakthroughs in cutting-edge technology.

About Dream Technology

Established in 2017, Dreame Technology is an innovative consumer product company that focuses on smart home cleaning appliances with the vision to empower lives through technology. Follow us on Facebook, Instagram, TikTok and Twitter.

For more information, visit https://www.dreametech.com/.

*6cm: The 6cm refers to the height of the two steps. A single obstacle is 4.5cm high, and a single climbing mat’s crossing height is 1.5cm. Based on our in-house lab testing, actual results may vary depending on environmental factors.

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Technology

Lower Acquires Neat Labs, Launches LowerOS to Transform Digital Mortgage Experience

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January 7, 2025

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COLUMBUS, Ohio, Jan. 7, 2025 /PRNewswire/ — Lower, a leading digital mortgage lender, today announced its acquisition of Neat Labs, a company renowned for its end-to-end mortgage origination software. Lower will integrate Neat Labs’ proprietary software into LowerOS, a comprehensive, cloud-based mortgage platform designed to deliver a world-class borrower experience and reduce the time and cost to produce a loan.

Founded in 2015, Neat Labs developed a cutting-edge platform that streamlines the mortgage process from pricing to loan approval and closing. Neat Labs originated over $1 billion in loans, taking borrowers from application to funding in as little as 10 days.

The introduction of LowerOS marks the beginning of a new era in mortgage technology, letting borrowers and loan officers collaborate like never before. Through LowerOS borrowers will have self-serve access to Neat Labs’ advanced underwriting engine letting consumers select the best loan product and payment plan they qualify for. LowerOS also automates many of the time-consuming tasks in the mortgage process, reducing the time and cost for borrowers to get a loan and giving Lower’s nationwide network of loan officers more time to spend guiding each client.

“We’re thrilled to bring Neat Labs into the Lower family. Their technology is the foundation of our next chapter,” said Dan Snyder, CEO and Co-Founder of Lower. “Since our inception, we’ve combined cutting-edge technology with an elite level of customer service. With LowerOS, we are once again revolutionizing the mortgage industry, offering unmatched operational efficiency and an intuitive, frictionless experience for both borrowers and loan officers.”

Steve Herschleb, Co-Founder and Chief Technology Officer (CTO) of Neat Labs, will join Lower as the company’s new CTO. Herschleb, who has extensive experience in developing scalable mortgage technology systems and previously served as Chief Product Officer at Maxwell, will play a critical role in the development of LowerOS.

“LowerOS will change the way consumers think about getting a mortgage whether they are buying a new home, refinancing to reduce their monthly payments or tapping the equity in their home to consolidate debts or pay for a major life event like that overdue home remodel,” said Herschleb. “With LowerOS, borrowers can get approved significantly faster than they can today. It’ll make getting a mortgage feel more like a car loan or a credit card.”

With this acquisition and the introduction of LowerOS, Lower continues to redefine the mortgage experience by combining advanced technology with a focus on delivering exceptional value and efficiency.

About Lower
Founded in 2014, Lower is the 28th largest home lender in the country, and backed by Accel Partners, SoFi, and Veritex Bank. Lower operates a digital platform that meets customers both online through its website, and offline though its distributed retail branches. Committed to being the best lender for both originators, and consumers, Lower is redefining home finance one home at a time.

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SOURCE Lower, LLC

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