The building information modeling (BIM) market is expected to grow at a CAGR of 15% by 2024

   November 7, 2019
According to a market report by Lucintel, the future of the building information modeling (BIM) market looks promising with opportunities in the building, civil infrastructure, oil and gas, industrial, and utility industries. The building information modeling (BIM) market is expected to grow with a CAGR of 15% from 2019 to 2024. The major drivers for this market are growing demand for green buildings. This technology also optimizes project performance, productivity and enhances the communication and coordination throughout the asset lifecycle management process.

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In this market, software, services, project management support, software support and maintenance are the major types. Within the building information modeling (BIM) market, buildings, civil infrastructure, oil and gas, industrial, and utilities are the major end use industries.  

Autodesk, Nemetschek, Trimble Navigation, Bentley Systems, Dassault Systèmes, Integraph, ENGworks, Operation Technology(Etap), Topcon, and Asite are among the major suppliers in the building information modeling (BIM) market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the building information modeling (BIM) market by offering, end use industry, project life cycle, and region. Lucintel has prepared a comprehensive research report entitled “Building Information Modeling (BIM) Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the building information modeling (BIM) market by offering, end use industry, project life cycle, and region as follows:

By Offering [$M shipment analysis for 2013 – 2024]:

  • Software

    • Architectural Design

    • Construction

    • Sustainability

    • Structures

    • Mechanical, Electrical, and Plumbing (MEP)

    • Facility Management

  • Services

  • Project Management Support

  • Software Support and Maintenance

By Project Life cycle [$M shipment analysis for 2013 – 2024]:

  • Pre-Construction

  • Construction

  • Operation

By End Use Industry [$M shipment analysis for 2013 – 2024]:

  • Buildings

  • Civil Infrastructure

  • Oil & Gas

  • Industrial

  • Utilities

  • Others

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

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