The Latin America, Middle East and Africa Building Information Modeling Market would witness market growth of 19.5% CAGR during the forecast period (2020-2026). BIM includes the total process right from the preconstruction phase to the operation phase.
The first phase is Preconstruction. This phase comprises of programming, visualization, cost planning, specification, detailing, conceptualization, architectural, structural, systems design, analysis, and coordination. As this phase includes the majority of the information regarding project planning and execution, it becomes simpler for owners, architects, contractors, and engineers to visualize the complete project. While creating BIM models, clash detection & BIM co-ordination, and extraction of 2D drawings come under the preconstruction phase.
The construction segment would display a considerable growth rate during the forecast period. This is owing to the increasing number of construction activities and the growing emphasis on data in a construction project. This can boost the go-to-market strategy of several construction companies considering to finish projects before stipulated timelines and save on expenses.
The majority of companies have adopted these solutions to streamline all construction activities together like procurement and data management, which enhance the overall effectiveness of construction activities. Although, the services segment would exhibit prominent growth in the last few years, due to the increment in the adoption of services among end-users, as they allow efficient functioning of BIM software and platforms. Moreover, the market would witness high growth due to the increasing demand for cloud-based building information modeling services.
The Brazil market dominated the LAMEA Cloud Building Information Modeling Market by Country 2019, and would continue to be a dominant market till 2026. The Argentina market would witness a CAGR of 21.4% during (2020 - 2026). Additionally, The UAE market is experiencing a CAGR of 20.5% during (2020 - 2026).
The Architects/Engineers market dominated the Saudi Arabia Building Information Modeling Market by End User 2019, thereby, achieving a market value of $110.2 million by 2026. The Contractors & Others market is expected to witness a CAGR of 21.3% during (2020 - 2026).
The Planning & Modelling market dominated the South Africa Building Information Modeling Market by Application 2019, growing at a CAGR of 18.9 % during the forecast period. The Asset Management market is estimated to grow at a CAGR of 19.4% during (2020 - 2026). The Construction & Design market is showcasing a CAGR of 21.6% during (2020 - 2026). Additionally, The Building System Analysis & Maintenance Scheduling market is expected to witness a CAGR of 21.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Building Information Modeling Market in LAMEA is expected to register a CAGR of 19.5% 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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