Building Information Modeling Market Set to Reach $18.91 Billion by 2030

NEW YORK - Nov. 25, 2024 - PRLog -- The building information modeling (BIM) market is projected to reach USD 18.91 billion by 2030, advancing at a robust CAGR of 15.1% during this decade. This growth is primarily attributed to rapid urbanization and population expansion, leading to increasing housing demands and a corresponding surge in the adoption of BIM solutions. Government investments and significant construction activities in developing economies further drive the industry's expansion.

Global urbanization is fostering the need for advanced infrastructure in both residential and commercial sectors, propelling BIM market growth. The increasing emphasis on data sharing and collaboration among stakeholders enhances productivity, further fueling market development.

In terms of deployment, the on-premises segment holds the largest market share and is expected to grow substantially due to key players like Autodesk and Nemetschek offering on-premises solutions. These solutions provide organizations with complete control over data flow, ensuring improved security. However, small and medium-sized enterprises (SMEs) often prefer cloud deployment owing to its cost-effectiveness and scalability. Cloud-based solutions allow flexible storage capacity adjustments and provide 24/7 access from internet-enabled devices, eliminating the need for extensive on-site IT infrastructure.

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North America dominates the BIM market with a 45% share, driven by early adoption of advanced digital tools and supportive government policies mandating BIM usage in commercial projects. Europe ranks as the second-largest market, supported by government mandates in countries like Germany, the U.K., and France, along with a strong presence of IT companies providing BIM solutions.

The global demand for BIM solutions continues to rise, fueled by growing investments in infrastructure development worldwide. This upward trend is expected to persist in the coming years.