Building Information Modeling (BIM) Market Share, Size and Forecast
The market for software in the construction sector is witnessing rapid growth, forecast to grow at 13% CAGR over the next 4 years, driven by technological, economic and institutional change. Key to this is the emerging adoption of Building Information Modeling (BIM) as a framework to support efficiency, working practice improvements and new business opportunities across the Design, Construct, Operate lifecycle.
BIM market size and forecast
More than $6bn will be added in revenue over the next 4 years. Market for BIM Software will reach $10bn in 2020, growing at CAGR 13% between 2020-2024.
Cambashi is making a no-obligation briefing on current BIM market size, trends and forecast available to its key clients and other companies involved in engineering and manufacturing software.
Cambashi’s Observatories cover the full Building Information Modeling life cycle: BIM Design, Construct and Operate
The Cambashi BIM Observatory provides accurate, detailed, consistent market numbers to support coordinated strategy and planning activities and enables customers to:
- Forecast market demand by country
- Perform country-by-country comparisons to derive targets for sales and marketing initiatives
- Create a starting point for detailed investigations of one or more country markets
- Account for currency differences between countries and regions
The market data cover end user expenditure revenues for software, excluding services (e.g. consulting, implementation, training) and other non-software items (e.g. hardware).
Read the full Nemetschek case study
Cambashi’s BIM Observatory gives market planners the detailed view they need, enabling them to plan with real data, rather than relying on gut feel and estimates. That can make the difference between global buy-in to the plan or having key stakeholders walk away.
Autodesk quoted Cambashi’s data in its 2019 Investor day presentations
Multiple approaches enable consistent, reliable datasets. We use a series of constrain, refine and converge processes to ensure that datasets are consistent with Provider data, Country data, Industry data and Employment data.
Find out more about Cambashi’s Observatory methodology
Cambashi analysts write about the BIM market for international publications as well as our own blog.
Cambashi operates an open, transparent pricing strategy – there is unrestricted access for Cambashi Observatories across the client organization based on internal use.
External licenses may be purchased to allow dataset to be deployed for repurposing – including publicity and sales enablement. Flexibility also allows “bundling” by combining market intelligence, custom research and training elements to offer integrated support for marketing initiatives.
Cambashi has a 30 year, proven track record in the provision of market numbers to the AEC / BIM Design industries.
Cambashi’s BIM research journey
Cambashi has been researching the market for Architecture, Engineering and Construction (AEC) software for around 30 years.
Read more about Cambashi’s BIM research here
1990 – Initiated coverage of AEC vendors
2009 – First Observatory with AEC market data
2010 – Added Industry segmentation to AEC data
2017 – First BIM Design Software Observatory
2019 – Expanding BIM Observatory portfolio to cover Construct and Operate phases.
2020 February– Launch of BIM Charter to oversee research
2020 – Two new BIM Observatories to be published for Construct and Operate