Cambashi hosted the “Deep Dive into AEC/BIM (Construction) Software – Market Analysis, Projections, and Insights” webinar.
The global AEC/BIM software market is expected to reach $US 33B by 2028, growing at a 5-year CAGR of approximately 10%. The Construct and Data management segments are expected to lead this growth. The market is also seeing the influence of adjacent sectors, such as manufacturing and infrastructure, through partnerships, M&A, and the development of more service-driven offerings.
The continued adoption of platforms, whole lifecycle coverage, and AI/ML technologies are driving innovation in the AEC/BIM software market. These technologies are enabling AEC firms to improve their efficiency, reduce costs, and deliver better results.
This document provides a comprehensive analysis of the AEC/BIM software market, including market size, growth projections, key drivers and trends, and an in-depth look at the leading providers and their performance in each segment.
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What do we mean by ‘BIM’ and ‘AEC’?
BIM stands for Building Information Modeling, which is a process of creating and managing building information digitally. This information is then used to support decision-making throughout the building lifecycle, from design and construction to operation and maintenance.
AEC stands for Architecture, Engineering, and Construction. AEC firms are responsible for the design, engineering, and construction of buildings, infrastructure, and other structures. AEC firms use BIM software to create digital models of their projects, which help them to plan, design, and construct their projects more efficiently and effectively.
Drivers, Trends, and Threats
The AEC/BIM software market is driven by a number of factors, including economic performance, geopolitics, incentives, directives, and regulations. The need to increase productivity, improve collaboration, and reduce costs are also key drivers.
Some of the key trends in the AEC/BIM software market include the increasing use of subscriptions and SaaS, cloud-based solutions, and platforms that extend lifecycle coverage. M&A activity is also on the rise, with companies looking to expand their portfolios and capabilities.
There are also a number of threats to the AEC/BIM software market, including the pace of development, regulation, offsite construction, and economic uncertainty. These threats are likely to continue to impact the market in the years to come.
AEC/BIM Software – Key Providers and Performance
Autodesk is consistently the top provider in the BIM market, with a strong focus on platforms like Forma, Fusion, and Flow. Autodesk has recently made several acquisitions, including Payapps, PIX, and Wonder Dynamics, to expand its portfolio and capabilities.
Schneider Electric is a strong player in Plant design, Construct, and BIM Data Management. Bentley Systems is another leading provider with growth initiatives focusing on enterprise, SMBs, and Digital Twins.
Procore is rapidly expanding in the US and internationally, while Trimble is strong in Construct and Design (Structural). Other notable providers in the market include Nemetschek, Glodon, Hexagon, and Thinkproject.
BIM Penetration by Country/GEO
The adoption of BIM varies significantly across different countries and regions. The US is a leading adopter of BIM, with a high penetration rate in major cities. Europe is also seeing strong adoption of BIM, driven by regulations and incentives. However, adoption rates in emerging markets such as China and India are still relatively low.
The adoption of BIM is expected to continue to grow in the coming years, as more countries and regions implement regulations and incentives to encourage its use. The increasing availability of affordable and user-friendly BIM software is also contributing to the growth of the market.