Business Wire

Building Information Modeling Market to Reach $6.5 Billion Worldwide by 2020, Forecasts Pike Research

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Source: Business Wire

BOULDER, Colo.--(BUSINESS WIRE)-- The market for building information modeling (BIM) software and services is still nascent, but evolving rapidly.As energy conservation and carbon emissions become increasingly important issues, the adoption of BIM tools and practices will become a higher priority, since they can significantly affect the efficient use of scarce and valuable resources.According to a new report from Pike Research, annual worldwide revenue for BIM products and services solutions will grow from $1.8 billion in 2012 to almost $6.5 billion in 2020.

“Building information modeling represents one of the most important breakthroughs in building design technology over the last decade,” says senior analyst Eric Bloom.“The next generation of buildings will be more intelligent and energy-efficient than any before.However, designing and delivering such buildings requires a level of collaboration that only BIM software can facilitate.”

The market for BIM software tools is led by a handful of well-known names, such as Autodesk, Bentley, Tekla, Nemetschek, and Gehry Technologies.Small firms that enter the market with an innovative BIM (or other) solution generally do not last long as independent firms because the larger players strategically acquire them to enhance their own product portfolios.The industry has also seen a spate of mergers and acquisitions (M&A) in recent years, as firms prepare for the next phase of BIM technology advancement in areas like BIM to Field solutions, cloud-based solutions, and mobile capabilities.

Pike Research’s report, “Building Information Modeling”, provides a comprehensive analysis of the global market opportunity for BIM software, training/support services, and project management/collaboration tools.The study includes detailed assessments of the business drivers that are stimulating adoption of BIM, the challenges faced by the industry, and technology issues in the evolving BIM market.Key industry players are profiled and detailed market forecasts, segmented by geography and application segment, extend through 2020.An Executive Summary of the report is available for free download on the firm’s website.

Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets.The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings sectors.For more information, visit www.pikeresearch.com or call +1.303.997.7609.

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