Prominent Trends shaping the Building Information Modeling Market

Building Information Modeling Market-Inkwood Research

Building information modeling (BIM), as an idea, was proposed in the 1970s to enhance the efficiency of information management. It is a digital representation of a facility’s functional and physical characteristics, enabling a shared knowledge resource of information and forming a decisive base during its life cycle, from conception to demolition. At its core, BIM enables collaboration. As a result, the enhanced productivity offered by BIM through interoperability is one of the key growth drivers of the global building information modeling market, set to project a CAGR of 13.60% during 2022-2030.

As per Inkwood Research, some of the prominent trends shaping the global building information modeling market growth trajectory include:

  • 3D Printing

3D printing, also known as layered production of 3D objects or additive manufacturing, is an important extension of the 3D modeling process in building information modeling (BIM). The advancements in 3D printing have enabled professionals to create precise elements associated with building design in a shorter duration with minimal material loss. Accordingly, when integrated with the BIM process, 3D printing can aid in the fast-paced development of prototypes for sharing with several stakeholders.

Besides, the integration of BIM and 3D printing is considered effective for structure isolation, cost reduction, better design, and energy efficiency. In addition, this effective integration, facilitated by the advantages offered by information technology, is evaluated as a novel method for adapting to future developments in the construction industry.

For implementing BIM data into a 3D printer, BIM data must be converted into a 3D printer data code to register the industrialized production process of prefabricated buildings. Once all the structural elements first simulated and specified in a digital 3D model are approved, the data is transferred directly to the 3D printer. This helps minimize the number of steps in the construction process. Therefore, the growing need to streamline the project lifecycle phases drives the integration of BIM and 3D printing.

Our analysis of the global building information modeling market by project lifecycle includes operations, construction, and preconstruction.

  • Cloud-Based BIM

Building information modeling (BIM) ‘s widespread penetration into project management and construction is attributed to its convenient visualization, strong consistency, and high information intensity. Accordingly, the growing involvement of the contractors, architects, and owners in the total project cycle makes it necessary for parties to share information quickly. A cloud-based repository is thus needed, which will facilitate frequent information exchanges among the stakeholders, thereby adding more value and depth to the data.

The most appealing and sought-after strength of the cloud is the flexibility it offers in terms of time and location. The project files can be updated and accessed remotely. Moreover, the advancements in cloud computing technology have democratized access to techniques, tools, and knowledge, facilitating a robust collaborative environment.

Similarly, Microsoft Azure offers sufficient computing power for a BIM cloud workspace setup. Additionally, Autodesk’s BIM 360 enables project stakeholders, engineers, and architects to work in a centralized cloud workspace.

As a result, cloud-based BIM enables access to information about a project regardless of location or time. It also facilitates quick identification of clashes, real-time updates and changes, and simultaneous working. Therefore, the end result is a more efficient operation, construction, and design process.

Inkwood Research’s assessment of the global building information modeling market by deployment includes cloud and on-premise.

Will AR & VR shape the future of BIM?

Virtual reality (VR) creates an imaginary environment, while augmented reality (AR) superimposes digital information in place of the existing environment. Currently, these visualization techniques have lesser applications in the Architecture, Engineering, and Construction (AEC) sector than in the gaming, military, medical operations, and manufacturing sectors. Nevertheless, these techniques are gaining momentum in every phase of the life cycle of buildings and infrastructure.

The use of VR in Virtual Design and Construction (VDC) processes allows digital navigation of the digital BIM model for remote users. Also, it contributes to the efficient and productive planning of a project and safety training. The growing migrant worker population has made it necessary to introduce visual-based safety training on construction sites for training and make them aware of project surroundings. Moreover, stats show VR-trained labor identified risks better than traditionally-trained labor.

Whereas augmented reality (AR) minimizes the cost and time and simplifies certain construction activities. Also, the BIM and AR integration facilitates precast elements’ placing, positioning, excavation, and layout marking. In addition, AR headsets eliminate the requirement of on-site access to digital or paper drawings and specifications. As a result, inspections become less expensive, safer, faster, and easier.

Such modern technologies and trends are defining the global building information modeling market growth.

By Akhil Nair


Which are the key players in the global building information modeling market?

Trimble, Autodesk, Bentley Systems, and Nemetschek are among the key players in the global building information modeling market.

Which is the dominating region in the global building information modeling market?

North America is the dominating region in the global building information modeling market.