Building Information Modelling Extraction Software Market

Building Information Modelling (BIM) Extraction Software Market is anticipated to reach a value of USD 13,639 million by 2028, exhibiting a CAGR of 12.9% during the forecast period (2021-2028)

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Key Drivers and Emerging Trends
Increasing adoption of Building Information Modeling extraction software to analyze the quantitative and qualitative construction aspects and tackle post project competition issues, stands to be a major driver fueling the building information modeling extraction software market. With the increase in infrastructural projects, rapid urbanization, and accelerating population, the adoption of BIM extraction software has increased, driving the market growth. Strategic government initiatives to encourage the development of smart city projects is anticipated to expand the market share. Other factors including enhancing construction productivity, growing adoption of the internet of things (IoT) and stringent regulations enforced regarding the use of BIM by governments are projected to expand the market growth. Further, accelerating penetration of Building Information Modelling Extraction Software across small and medium enterprises and the growing demand for Feasible Architectural and Engineering Solutions will boost the market growth. However, the high cost of BIM, lack of compatibility in the process of 4D simulation and skilled workforce will restrain the Building Information Modelling Extraction Software Market Size over the upcoming years.

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Deployment Mode – Segment Analysis
On-premises deployment mode is estimated to hold a larger share over the forecast period, primarily because of the growing concerns pertaining data safety associated with the construction projects. Moreover, the presence of leading players in the AEC industry, such as Nemetschek AG and Autodesk Inc., offer on-premises software to their customers in the industrial, healthcare, and residential sectors, which bolsters the market growth.

Component – Segment Analysis
Software segment is predicted to expand at a faster CAGR over the upcoming years, owing to the growing demand for building information modeling solutions across the Architecture, Engineering and Construction industry. The BIM solutions help organizations to align different construction processes together to increase the overall productivity which strengthens the market growth.

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Regional – Segment Analysis:
Asia Pacific is predicted to witness a promising growth over the forecast period, owing to the increasing urbanization. The increase in smart city projects across China, India, South Korea, and Singapore is predicted to expand the regional growth. As per the IBEF, the Indian government initiated the smart city mission which had approximately 3,131 smart city projects worth USD 7.09 billion. Moreover, growing implementation of BIM software to minimize construction time can significantly decrease the cost, which is another factor contributing to the Asia Pacific Growth.

Top Market Players
Various notable players operating in the market, include, Autodesk Inc., AVEVA Group plc, Bentley Systems, Inc., FARO, Trimble Solutions Corporation., Safe Software Inc, Vectorworks, Inc., Microsoft Corporation, Proactive Software Ltd., Nemetschek Group, among others.

Key Developments:

• • In 2021, Autodesk Inc. acquired Innovyze for USD 1 Bn. The acquisition is predicted to offer complete solutions for design, construction, and operations of water infrastructure.
  • In 2021, Dassault Systems declared a three-year renewal of its strategic partnership with the Bouygues Construction, which will seek to open new horizons in the construction industry.
  • In 2021, Microsoft and NEC decided to expand their partnership contract to boost business resiliency and growth. Under this partnership, the companies will leverage Microsoft Azure, Microsoft 365, NEC’s network and IT expertise, including 5G technologies, to help enterprise customers and the public sector across expand their cloud adoption and digital transformation initiatives.
  • In April 2021, Autodesk Inc. has acquired Innovyze in a deal worth USD 1 Bn. The acquisition is projected to provide complete solutions for design, construction, and operations of water infrastructure.
  • In April 2021, Dassault Systems has announced a three-year renewal of its strategic partnership with the Bouygues Construction, which will seek to open new horizons in the construction industry.

Segments covered in the Report:
The global Building Information Modelling (BIM) Extraction Software Market has been segmented on the basis of Deployment Mode, Component, End-use and regions. Based on Deployment Mode, the market is segmented into Cloud and On-premises. Based on Component, the market is segmented into Software and Services. Based on End-use, the market is segmented into Rail Transit and Aviation, Educational Institutes and Commercial Spaces, Roads, Bridges, and Highways, Houses and Apartments, Factories and Warehouses, Government Buildings and Others.

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Key questions answered in this research report:

• • At what pace is global Building Information Modelling (BIM) Extraction Software Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Building Information Modelling (BIM) Extraction Software Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Building Information Modelling (BIM) Extraction Software Market?
  • Which Deployment Mode generated maximum revenues in 2020 and identify the most promising Deployment Mode during the forecast period?
  • What is the various Component of global Building Information Modelling (BIM) Extraction Software Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Building Information Modelling (BIM) Extraction Software Market by Deployment Mode

• • Cloud
  • On-premises

Global Building Information Modelling (BIM) Extraction Software Market by Component

• • Software
  • Services

Global Building Information Modelling (BIM) Extraction Software Market by End-use

• • Rail Transit and Aviation
  • Educational Institutes and Commercial Spaces
  • Roads, Bridges, and Highways
  • Houses and Apartments
  • Factories and Warehouses
  • Government Buildings
  • Others

Global Building Information Modelling (BIM) Extraction Software Market by Region

• • North America Building Information Modelling (BIM) Extraction Software Market (Option 1: As a part of the free 25% customization)
    • By Deployment Mode
    • By Component
    • By End-use
    • US Market All-Up
    • Canada Market All-Up
  • Europe Building Information Modelling (BIM) Extraction Software Market (Option 2: As a part of the free 25% customization)
    • By Deployment Mode
    • By Component
    • By End-use
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Building Information Modelling (BIM) Extraction Software Market (Option 3: As a part of the free 25% customization)
    • By Deployment Mode
    • By Component
    • By End-use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Building Information Modelling (BIM) Extraction Software Market (Option 4: As a part of the free 25% customization)
    • By Deployment Mode
    • By Component
    • By End-use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Autodesk Inc.
  • AVEVA Group plc
  • Bentley Systems, Inc.
  • FARO
  • Trimble Solutions Corporation.
  • Safe Software Inc
  • Vectorworks, Inc.
  • Microsoft Corporation
  • Proactive Software Ltd.
  • Nemetschek Group