SAN FRANCISCO, Sept. 7, 2021 — (PRNewswire) — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled  "Building Information Modeling (BIM) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8;  Released: April 2021
Executive Pool: 882
Companies: 22 - Players covered include Archidata Inc.; Asite Ltd.; Autodesk, Inc.; AVEVA Group plc; Beck Technology, Ltd.; Bentley Systems, Inc.; Cadsoft Corp.; Computers and Structures, Inc.; Dassault Systemes; Intergraph Corporation; Nemetschek SE; RIB Software SE; Robert Mcneel &Associates; Trimble Navigation Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Application (Buildings, Civil Infrastructure, Oil & Gas, Industrial, Utilities, Other Applications); Project Life Cycle (Pre-Construction, Construction, Operation); Type (Software, Services, Project Management Support, Software Support & Maintenance)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Building Information Modeling (BIM) Market to Reach $11.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Building Information Modeling (BIM) estimated at US$4.8 Billion in the year 2020, is projected to reach a revised size of US$11.8 Billion by 2026, growing at a CAGR of 16.1% over the analysis period. Software, one of the segments analyzed in the report, is projected to record a 15.8% CAGR and reach US$7.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 17.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.7 Billion in 2021, While China is Forecast to Reach $2.1 Billion by 2026
The Building Information Modeling (BIM) market in the U.S. is estimated at US$1.7 Billion in the year 2021. China, the world's second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2026 trailing a CAGR of 15.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.3% and 13.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.8% CAGR.

Project Management Support Segment to Reach US$1.8 Billion by the year 2026
In the global Project Management Support segment, USA, Canada, Japan, China and Europe will drive the 16.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$553.1 Million in the year 2020 will reach a projected size of US$1.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
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SOURCE Global Industry Analysts, Inc.