Building Information Modeling (BIM) software market expected to grow to USD 30.7 billion by 2027
The latest report on the Building Information Modeling (BIM) Software Market from Cambashi forecasts it will grow to USD 30.7 billion by 2027. The Cambridge-based research company reveals that the market will see double-digit growth CAGR of 11.5% from 2022 to 2027, an increase in revenue of around USD 12.9 billion over that period. Cambashi’s report forecasts growth in three key areas of BIM (2023-2027): “BIM Design, Construct, and Operate showed positive growth during the worst lockdown periods caused by the COVID pandemic – displaying strong growth in 2021…
Cambashi Reveals how the Industrial Machinery Industry can Benefit from Digital Transformation
Latest research from Cambashi indicates that the industrial machinery industry is currently facing several challenges, including a shortage of skilled labor, and disruptions throughout the supply chain. These challenges are impacting the operational efficiency of manufacturers, leading to increased costs and reduced competitiveness. If suppliers to the machinery industry can address these challenges, they will have a competitive advantage. “Cambashi employment data shows over 25 million people are employed in the machinery industry,” said Joe Brooker, Industry Analyst, Cambashi. “To keep up with the changing demands of the industry, the machinery sector must…
Cambashi reveals growth opportunities for engineering software and a wider potential target audience
Data from the latest Cambashi Employment Observatory indicates the future growth opportunities for engineering software – and how the potential target audience for its deployment can be increased. Cambashi reveals that, while engineering software vendors have been developing software to aid designers and engineers for decades, the improved functionality of these software tools has improved to the point where most architects, designers and engineers find them indispensable. “Digital transformation is opening up new opportunities for engineering software tools to support decision-making among managers/supervisors and improve the information flow for…
Cambashi forecasts positive growth in engineering software spending
The latest update of the market database of engineering software spend from Cambashi indicates that, despite a challenging global economic situation, positive high single-digit growth is forecast in 2023. Last year finished more strongly than expected, with many vendors increasing their prices during 2022. Many providers showed impressive resilience in the TAM data results during 2022, for example, Procore, whose 2022 revenue growth reached almost +40%, with their guidance increasing as the year progressed. The update reveals that inflation, reduced real-terms income, and uncertainty in the economy will lead…
Cambashi Drills Down into Oil & Gas and Chemicals Industries’ Challenges
How companies in these sectors can leverage up-to-date market intelligence and training to meet challenges and maximize opportunities. The latest research from Cambashi has revealed that, in the middle of energy transition, Oil & Gas and Chemicals companies are facing massive challenges to their businesses. Access to up-to-date tactical industry intelligence, linked to the latest trends in these industries, is fundamental to meeting these challenges – and maximizing opportunities. ‘Energy transition’ is a term coined for the current movement society is going through, pivoting away from fossil fuels and…
Construction software market experiencing significant M&A activity
New research data from Cambashi’s BIM (Building Information Modeling) update, January 2023 release, reveals that large established software companies are seeking to establish ‘start-up’ profiles January 25, 2023, Cambridge, UK – Cambashi has released its latest January 2023 BIM Software Market Update, which indicates that the BIM (Building Information Modeling) software market is continuing to see significant Merger and Acquisition (M&A) activity. “The construction industry is used to disruption. It was already starting to experience disruptive elements before the global pandemic and, as the effects of the pandemic have…
Utilities Companies Need Market Intelligence to Prepare for Energy Transition
The latest research from Cambashi reveals that, with energy transition at the top of utilities companies’ agendas, they must be prepared with the latest market intelligence to meet the challenges—and maximize the opportunities. There’s no doubt that utilities companies are facing a number of challenges in their businesses. Before the COVID-19 crisis, there were several trends that they were responding to—some of which have accelerated post-pandemic—including increased competition, matching supply and demand, a highly regulated environment, and a skilled worker shortage. The competitive landscape is consolidating as utilities and…
Building Information Modeling (BIM) software market shows resilience to grow to $17.6bn in 2023
New research data from Cambashi’s BIM report, November 22 release, reveals that growth of the BIM software market will prove resilient against a mixed economic backdrop, and is expected to still achieve double-digit growth in 2023
Disruptive Digital Waves Driving High-Tech Companies to Stay on Top of Industry Trends
Latest research from Cambashi indicates that disruptive digital waves of technological and economic change are causing high-tech companies to reinvent themselves and their products, business models and processes.
Cambashi’s industry training courses are now CPD-certified
Cambashi’s manufacturing curriculum has achieved CPD (Continuing Professional Development) certification. This means you can be sure the e-learning content meets educational standards, is structured coherently, with clear learning objectives and outcomes that your staff can achieve. Now that Cambashi e-learning courses have been certified by The CPD Certification Service, customers can use the training as part of their continuing professional development requirements. Cambashi`s world-class industry training and e-learning offers a comprehensive introduction to manufacturing and related industries: aerospace, automotive, chemicals, high-tech, machinery, oil and gas, and utilities. Over 10,000 individuals have…
The impact of currency fluctuation on the technical software markets
Software providers should be mindful of currency effects when market planning and setting sales targets in regions with strong currency shifts
Factors that drive innovation and adoption in engineering software market
There are a number of factors that are helping to drive innovation and adoption in key areas of the engineering software market. Market research from Cambashi, a global leader in research, consulting, and training for engineering and industrial software markets, reveals vital macro market drivers in key areas of the engineering software market. The Covid-19 pandemic has led to a change in working practices for most industries, forced a re-evaluation of supply chains and driven growth in health tech, as well as an understanding of safe public spaces. It…
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