The Europe Building Information Modeling Market would witness market growth of 16.3% CAGR during the forecast period (2020-2026). Better data communication and coordination among several stakeholders, along with enhanced construction efficiency gives an advantage to BIM users, these are some of the aspects which would boost the building information modeling market.
Moreover, the market is fueled by the increasing government regulations for BIM utilization around the world and the thriving construction sector. Though, the market growth is hampered due to the high price of the software and the limitation of the skilled professionals. Moreover, some of the catalysts for the market growth include the technological developments to handle data at remote servers and unprepared inter-coordination between users using cloud-based solutions.
In the current scenario, with a surge in technological advancements and developments in cities, the majority of individuals are switching toward metropolitan cities around the world. This is supporting the demand for more infrastructures for personal & commercial needs in urban regions. The requirement for residential buildings is very high due to the increasing population in the cities. In addition to it, with growing investments in the real-estate sector, the development of several commercial structures, government and public buildings, and private entities are also expanding each year across nations. This is fueling the requirement for effective operation handling models.
The Germany market dominated the Europe Building Information Modeling Industrial Market by Country 2019, growing at a CAGR of 15.4 % during the forecast period. The UK market is exhibiting a CAGR of 15.8% during (2020 - 2026). Additionally, The France market is poised to witness a CAGR of 17.5% during (2020 - 2026).
The Preconstruction market dominated the Russia Building Information Modeling Market by Project Life Cycle 2019, thereby, achieving a market value of $247 million by 2026. The Operations market is experiencing a CAGR of 16.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Building Information Modeling Market in Europe is expected to register a CAGR of 16.3% 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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