The Asia Pacific Building Information Modeling Market would witness market growth of 19.1% CAGR during the forecast period (2020-2026). Building information modeling (BIM) refers to software utilized by real estate companies, construction firms, and architecture, engineering, and construction (AEC) experts for efficient project life cycle management. To improve project performance and generate superior results is the main aim of building information modeling software. With the help of BIM, construction managers can effectively collect data and information from reliable fields and can establish a superior communication. Better data communication and coordination among several stakeholders along with enhanced construction efficiency offers a competitive advantage to BIM users.
Due to the thriving construction sector and favorable government norms around the world, the deployment of building information modeling solutions has witnessed a surge in the past few years. Moreover, the popularity of building information modeling among the end-users has increased due to the capacity of software to enhance the efficiency of workers on the construction site and decrease conflicts in construction activities. In addition, with an aim to cut down the price of the construction project and enhancing the safety of employees on the construction sites, various small and medium-sized enterprises are deploying cloud-based building information modeling solutions.
The China market dominated the Asia Pacific Operations Building Information Modeling Market by Country 2019, and would continue to be a dominant market till 2026. The Japan market is showcasing a CAGR of 18.9% during (2020 - 2026). Additionally, The India market is anticipated to grow at a CAGR of 20.2% during (2020 - 2026).
The On-premise market dominated the South Korea Building Information Modeling Market by Deployment Type 2019, thereby, achieving a market value of $192.3 million by 2026. The Cloud market is estimated to grow at a CAGR of 22% during (2020 - 2026).
The Architects/Engineers market dominated the Malaysia Building Information Modeling Market by End User 2019, growing at a CAGR of 22.1 % during the forecast period. The Contractors & Others market is expected to witness a CAGR of 24.1% during (2020 - 2026).
Based on Component, the market is segmented into Solution and Services. Based on Building Type, the market is segmented into Commercial, Industrial and Residential. Based on Project Life Cycle, the market is segmented into Preconstruction, Construction and Operations. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Application, the market is segmented into Planning & Modelling, Asset Management, Construction & Design, Building System Analysis & Maintenance Scheduling and Others. Based on End User, the market is segmented into Architects/Engineers and Contractors & Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Building Information Modeling Market in Asia Pacific is expected to register a CAGR of 19.1% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Autodesk, Inc., Nemetschek Group, Bentley Systems, Inc., Trimble, Inc., Dassault Systemes SE, Hexagon AB, Schneider Electric SE, Asite limited, Archidata, Inc., and The Beck Group.
By Component
By Building Type
By Project Life Cycle
By Deployment Type
By Application
By End User
By Country
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