North America Building Information Modelling Market Size
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2022 |
| Market Size (2023) | USD 3.02 Billion |
| Market Size (2028) | USD 5.93 Billion |
| CAGR (2023 - 2028) | 14.47 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Building Information Modelling Market Analysis
The NA Building Information Modelling Market size is expected to grow from USD 3.02 billion in 2023 to USD 5.93 billion by 2028, at a CAGR of 14.47% during the forecast period (2023-2028).
The demand for BIM solutions partly depends on the construction activity witnessed in a region. In the US, it has recovered significantly after the economic recession to emerge as one of the major sectors of the economy. The US has been one of the early adopters of BIM solutions, with the general services administration taking several proactive measures to promote the usage of BIM solutions.
The usage of BIM has become more common in the AEC industry due to the numerous benefits connected with this technology. Because of the fragmented delivery methods, building problems, and various parties involved, the contemporary AEC business is complicated, allowing for the widespread use of BIM. This is mostly due to a growth in government laws about BIM adoption in the AEC industry and the growing need for automated models in the construction arena to improve operational efficiencies.
Building information modeling (BIM) has witnessed an increased adoption owing to its advantages over the existing tools, such as paper-based design and modeling and CAD systems. BIM primarily facilitates the users to create an accurate, precise, geometric virtual model with all the components and structures involved in the building.
BIM technology is expected to grow as many government regulations promote using BIM solutions in various regional markets. Moreover, many regional private organizations are increasingly moving toward BIM, owing to its efficient modeling systems, thus driving market growth.
However, high-cost software, limited trained professionals, and implementation issues might hamper the market's growth.
The COVID-19 pandemic had shut down ongoing construction projects owing to the prolonged lockdown in countries including the United States and Canada. People were forced to work from home to maintain safety rules posed by the government. This opened new opportunities for the use of BIM in construction. Increasing awareness regarding the features and benefits of using BIM in construction projects was expected to boost the growth of BIM in the construction market.
North America Building Information Modelling Market Trends
Commercial Application Segment Holds Significant Market Share
Commercial users of BIM in North America, such as contractors, are far more advanced in using BIM solutions than users in other parts of the world in the same segment. Investments in the commercial segment are majorly directed toward increasing the depth of use of BIM. Collaborations between software owners and the intended end users of the finalized design can achieve improved process outcomes and reduce errors and omissions.
In North America, BIM is used in projects, especially institutional and government building projects. In Canada, the use of BIM is more in infrastructure projects.
Commercial developers have enjoyed the benefits of the 3D visualization feature of BIM in their sales efforts by offering a detailed representation of the building before construction.
This can be mutually advantageous to both customers and commercial establishments, as consumers can visualize the finished model of the building before construction. The commercial establishment can find takers much before the completion of the entire process.
The North American region is experiencing rapid improvements and technological developments. Hence, many people have started shifting to metropolitan cities. The surging demand for enhanced infrastructure for commercial and personal requirements in urban areas would propel the BIM market growth in the upcoming years.
United States is Expected to Hold Major Market Share
Businesses concentrating on the most recent technological advancements are expected to gain significantly from important market features such as a rapidly rising urban population and increased government investment across the United States.
During the past several years, BIM has become an important tool in the engineering and construction sectors in the United States. It results from increased private investment in construction projects and the U.S. government's attempts to boost infrastructure development. Businesses specializing in developing information models require intelligent 3D model-based procedures linked with spatial information sciences.
The GIS industry is increasingly being disrupted as it transitions to 3D modeling. The progression, which demonstrates the integration of GIS and BIM into a single holistic environment, demonstrates the shift the design and construction industry is going through as it moves from 2D to 3D BIM.
Significant BIM vendors are located in this area, and BIM is frequently integrated with other trends, such as geographic information systems. Katerra, a California-based startup, has built an integrated platform that directly integrates BIM tools and computational design to its ERP global supply chain infrastructure to make ordering, manufacturing, tracking, and delivery of goods easier.
According to U.S. Census Bureau, United States spending on private construction continued to grow in 2022 and was nearly four times larger than construction spending in the public sector. Texas and California were at the top of the ranking when observing construction spending within the 50 U.S. states. According to a forecast, the value of United States construction put in place is expected to keep growing during the following years.
North America Building Information Modelling Industry Overview
North America Building Information Modeling Market is highly fragmented with the presence of major players like Autodesk, Inc., Asite Solutions Ltd, Aveva Group PLC, Bentley Systems Inc., and Bimeye Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In November 2022, Bentley Systems Inc. announced the infrastructure engineering software company, advancements to its construction management solution with enhancements to SYNCHRO 4D and the addition of SYNCHRO Cost and SYNCHRO Perform applications. The new improvements and portfolio expansion enable construction firms to transform how they plan, manage, and execute their projects.
In September 2022, Autodesk announced a suite of new capabilities across the auto desk construction cloud reality, making it easier for construction project teams to use and maximize the value of BIM from the office to the field. The improvements enable team members to streamline workflows and make important choices more quickly by giving all stakeholders instant access to essential model data and information.
North America Building Information Modelling Market Leaders
Autodesk, Inc.
Asite Solutions Ltd
Aveva Group PLC
Bentley Systems Inc.
Bimeye Inc.
*Disclaimer: Major Players sorted in no particular order
North America Building Information Modelling Market News
- October 2022: Hexagon AB, one of the global pioneers in digital reality solutions that combine sensor, software, and autonomous technologies, announced that it would include AVVIR's AI-powered technology stack into its portfolio of solutions addressing the fundamental problems of the construction lifecycle. Customers can focus on problem resolution using AVVIR's BIM-based, automated tracking of project timelines, costs, and values.
- August 2022: Bentley Systems partnered with Archway Systems of Franklin, Tennessee, the North American Channel Partner rights. The authority to market one of the world's most widely used software systems for infrastructure design, building, and operation throughout the United States and Canada. Archway Systems would also continue to provide customer support and training services to Bentley Systems clients as part of the partnership. Archway Systems was formerly assigned the territories of California, Hawaii, Nevada, and Arizona. Archway believes two-thirds of enterprises on the United States General Services Administration (GSA) schedule use Bentley Systems software. Archway Systems' software solutions under this partnership include MicroStation, OpenRoads, and OpenRail Designer.
North America Building Information Modelling Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Value Chain / Supply Chain Analysis
4.4 Assessment of COVID-19 Impact on the Industry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Government Mandates Promoting the Usage of BIM in Key International Markets
5.1.2 Increased Project Performance and Productivity
5.2 Market Restraints
5.2.1 Cost and Implementation Issues
5.3 Market Opportunities
5.3.1 Increasing Adoption of Smart and Green Cities
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Software
6.1.2 Services
6.2 By Deployment Type
6.2.1 On-premise
6.2.2 Cloud
6.3 By Application
6.3.1 Commercial
6.3.2 Residential
6.3.3 Industrial
6.4 By Country
6.4.1 United States
6.4.2 Canada
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Autodesk, Inc.
7.1.2 Asite Solutions Ltd
7.1.3 Aveva Group PLC
7.1.4 Bentley Systems Inc.
7.1.5 Bimeye Inc.
7.1.6 Clearedge3D Inc.
7.1.7 Dassault Systems SA
7.1.8 Hexagon AB
7.1.9 Nemetschek SE
7.1.10 Rib Software AG
7.1.11 Topcon Positioning Systems Inc.
7.1.12 Trimble Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
North America Building Information Modelling Industry Segmentation
Building information modeling (BIM) is a 3D model-based process for creating and managing information on a construction project across the project lifecycle. The important outputs of this process are the building information model, which is the digital description of every aspect of the built asset to manage the building infrastructure in a better way.
The scope of the study for the market is categorized into various applications of BIM, commercial, residential, and industrial. Also, the market is segmented by countries that, include the United States and Canada.
North America Building Information Modeling Market is segmented by type (Software, Services), by deployment type (On-premise, Cloud), by application (Commercial, Residential, Industrial), by country (United States, Canada). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.
| By Type | |
| Software | |
| Services |
| By Deployment Type | |
| On-premise | |
| Cloud |
| By Application | |
| Commercial | |
| Residential | |
| Industrial |
| By Country | |
| United States | |
| Canada |
North America Building Information Modelling Market Research FAQs
How big is the NA Building Information Modelling Market?
The NA Building Information Modelling Market size is expected to reach USD 3.02 billion in 2023 and grow at a CAGR of 14.47% to reach USD 5.93 billion by 2028.
What is the current NA Building Information Modelling Market size?
In 2023, the NA Building Information Modelling Market size is expected to reach USD 3.02 billion.
Who are the key players in NA Building Information Modelling Market?
Autodesk, Inc., Asite Solutions Ltd, Aveva Group PLC, Bentley Systems Inc. and Bimeye Inc. are the major companies operating in the NA Building Information Modelling Market.
NA Building Information Modelling Industry Report
Statistics for the 2023 NA Building Information Modelling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. NA Building Information Modelling analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
