Cambashi’s unique combination of BIM database, industry analysis, and marketing consultancy has enabled us to help hundreds of companies and organizations worldwide evaluate and plan courses of action and improve the resulting business outcomes. The combination of data and knowledge that we contribute to the BIM report helps to ensure that our client’s team is equipped with the information necessary to make informed decisions confidently.
The data used in this report is from the Cambashi BIM Observatory 2022Q3 v1.0, originally published on 11th October 2022. This release includes the latest updates to the underlying economic industry forecasts, and exchange rates forecasts.
The M&A activities chapter was written based on the BIM M&A in 2022 report, January 2023 release.
Building Information Modelling (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.
Cambashi’s latest BIM market data indicates that the software market is continuing its trend of being resilient across successive economic downturns. Despite disruptions caused by the global pandemic, market growth has remained positive at 10.5% (Constant USD) in 2021. Overall, we estimate that around 14.8b USD was spent on BIM software in 2021.
The positive market impact of Cambashi’s forecast equates to BIM software delivering an estimated 2.8b USD in additional global revenue in 2023 compared with 2021. This confirms the latent attractiveness of the lucrative BIM software growth.
In 2023 the global reduction in GDP growth will inevitably somewhat hamper BIM software market growth, but all BIM Construct, Design and Operate software segments still represent an attractive sector to providers and investors alike. BIM Construct, as a less mature market that is still developing quickly, is expected to grow much faster than the other phases, at around 15%. BIM Design and BIM Operate are more mature segments, where we see the highest market penetration and where most BIM software revenue is currently generated, so are expected to grow more conservatively than BIM Construct.
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