Building Information Modeling Market Expected to Reach $15.06 Billion by 2027


quote Asia-Pacific is expected to experience significant growth in the coming years, owing to rise in adoption of BIM solution in various public projects and growing construction projects in emerging countries such as India, China and South Korea. quote

Pramod Borasi
Research Analyst, ICT at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       

According to a recent report published by Allied Market Research, titled, "Building Information Modeling Market by Component, Deployment Model, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2020–2027," the global building information modeling market was valued at $5.20 billion in 2019, and is projected to reach $15.06 billion by 2027, growing at a CAGR of 14.3% from 2020 to 2027.

Building information modeling (BIM) is a software that helps to maintain co-ordination among involved entities such as architects, engineers, and builders of construction projects. In addition, it provides real-time updates at every stage of the project to each entity. BIM solution providers help AEC professionals and building organizations to develop multi-dimensional and digital representation of their projects by providing effective and advanced building and design solutions. It provides benefits such as risk mitigation, remote accessibility, reduced errors, and reduced costs involved in a construction project. Moreover, enhanced data communication and coordination among various stakeholders coupled with improved construction productivity provides a leading edge to BIM users. In addition, rise in government mandates for BIM usage across the globe and rowing construction industry fuels the growth of the BIM market. However, high cost of the software and limitation of trained professionals hampers the growth of the market. Furthermore, technological advancements to manage data at remote servers and improvised inter-coordination between users using cloud-based solutions are expected to provide lucrative opportunities for the growth of the market. 

By application, the global building information modeling market was led by the commercial segment in 2018 and is projected to maintain its dominance during the forecast period. The major factors that drive the adoption of building information modeling solution in the commercial sector include rise in adoption of BIM by various commercial sectors to reduce cost of projects and to deliver better communication on project sites. However, the residential segment is expected to grow at the highest rate during the forecast period, owing to rise in environmental awareness among construction companies as well as their customers.

Region wise, the building information modeling market was dominated by North America in 2019 and is expected to retain its position during the forecast period. The major factors that drive the growth of the market in this region include growing demand for BIM solutions from several developed countries and increase in government support for adoption of advance technologies on the construction site. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period due to technological advancements and different government mandates for use of building information modeling solution in construction sites.

Key Findings of the Study:

  •  On the basis of component, the software segment led the building information modeling market, in terms of revenue in 2018.
  •  By deployment model, the on-premise segment accounted for the highest building information modeling market share in 2018.
  •  Region wise, North America generated the highest revenue in 2018.
  •  Depending on application, the commercial segment is anticipated to exhibit substantial growth during the forecast period.

The key players profiled in the building information modeling market analysis are Autodesk, Inc., Asite Solution, Beck Technology Ltd, Bentley Systems, Incorporated, Cadsoft Corporation, Dassault Systèmes, Hexagon AB, Nemetschek SE, Pentagon Solution Ltd, and Trimble Ltd. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com


For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at


First time buyer?
Check offers and discount on this report
To get this report

Click Here

quote Building Information Modeling Market by Component (Solution and Services), Deployment Model (On-Premise and Cloud), Application (Commercial, Residential and Industrial), End User (Architects/Engineers, Contractors and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report

Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers


Featured Readings


Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

Get Industry Data Alerts

Buy Full Version
"Building Information Modeling Market"
Purchase Enquiry