ALBANY, New York, May 25, 2018 /PRNewswire/ --
According to a new market report published by Transparency
Market Research, the global BIM extraction
software market is expected to reach a value of
US$ 228.7 Mn by 2026 on account of
growing BIM implementation across the construction industry. The
market is projected to expand at a CAGR of 10.1% during the
forecast period from 2018 to 2026. Asia
Pacific is anticipated to experience healthy growth which is
expected to be followed by Middle
East & Africa during
the forecast period. The government building segment is expected to
see flourishing growth, owing to rising government focus on
mandating BIM across construction activities.
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Growing demand for feasible architectural and engineering
solutions driving the global BIM extraction software
market
Rapid developments in technologies have led the construction
industry toward digitization. There has been a significant need for
technological solutions for architects and engineers in the
construction industry to design and plan effective and efficient
models. This is likely to create strong demand for BIM extraction
software in the near future. Similarly, governments across
countries such as the U.S., Australia, Germany, Finland, Singapore, and Denmark are focusing on enhancing
technological aspects of the construction industry. Additionally,
governments are mandating BIM implementation in public
infrastructure developments. Public agencies as well as private
companies are also emphasizing on implementing BIM across
construction activities mainly due to the benefits offered by BIM
solutions. Some of these benefits include enhanced project process
outcome, reduced project cost, reduced rework, and reduced project
duration among other internal, project, and process benefits
offered by BIM.
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Building Information Modeling (BIM) Extraction Software
Market: Scope of the Report
The BIM extraction software market is segmented on the basis of
software deployment, end use industry, and geography. According to
the research study, the cloud-based BIM extraction software market
is anticipated to experience flourishing growth during the forecast
period. This is mainly due to increasing penetration of cloud
technology across the world. In addition, growth of cloud-based
software is also expected to be supplemented by increasing demand
for cost efficient solutions across industries. By 2026,
cloud-based BIM extraction software is projected to cover more than
50% of the global market. In terms of end use industry, houses and
apartments segment is projected to dominate the global BIM
extraction software market. Growing infrastructure developments and
investments in affordable housing and multi-family or
multi-dwelling projects across the world is likely to contribute to
the revenue growth of the BIM extraction software market during the
forecast period. Also, several construction companies emphasizing
on enhanced collaboration and integration across various
construction lifecycles as well as among architects, engineers,
contractors, and owners are leading to increasing adoption of BIM
extraction software. Additionally, governments in different
countries are mandating BIM implementation which is also expected
to positively affect the BIM extraction software market. Roads,
bridges and highways segment is expected to hold the second largest
share in the global BIM extraction software market. Educational
institutes & commercial spaces, and water & wastewater
segments are collectively projected to see more than 20% of market
share opportunity in the global market during the forecast
period.
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North America is leading the
BIM extraction software market with more than 30% share globally.
This is the result of strong adoption and penetration of BIM
extraction software in the construction industry. Furthermore,
strong presence of BIM extraction software vendors across the
region is contributing to growth of the market. Among all end use
industries, the houses and apartments segment in North America accounted for maximum revenue
share in the market in 2016. Additionally, increased demand for
cost efficient solutions by companies has led to fast adoption of
cloud-based software for BIM extraction. In terms of new
opportunities, Asia Pacific and
Middle East & Africa (MEA) regions are expected to witness
healthy growth during the forecast period. Increasing awareness of
BIM as well as adoption of advance and technological solutions in
construction industry across countries such as Singapore, India, South
Korea, United Arab Emirates
(U.A.E), Saudi Arabia, and
South Africa among others is
expected to offer prominent opportunities to the BIM extraction
software market.
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Global Building Information Modeling (BIM) Extraction
Software Market: Competitive Dynamics
The research study includes profiles of leading companies
operating in the global BIM extraction software market. Some of the
key players profiled in the market include Autodesk, Inc., AVEVA
Group plc, Bentley Systems, Inc., FARO Technologies, Inc., Tekla
Corporation, Safe Software, Inc., Vectorworks, Inc., Microsoft
Corporation, Synchro Software, Nemetschek Group, PointCab GmbH,
Gexcel srl, Assemble Systems, SierraSoft, Innovaya, ClearEdge3D,
Inc., Leica, Geo-Plus, Technodigit SARL, and Trimble, Inc..
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The global building information modeling (BIM) extraction
software market is segmented as below:
Global Building Information Modeling (BIM) Extraction
Software Market, by Software Deployment
- On Premise Software
- Cloud-based Software
Global Building Information Modeling (BIM) Extraction
Software Market, by End Use Industry
- Water and Wastewater
- Rail Transit and Aviation
- Energy Generation Facilities
- Roads, Bridges, and Highways
- Houses and Apartments
- Factories and Warehouses
- Educational Institutes and Commercial Spaces
- Government Buildings
- Dams and Others
Global Building Information Modeling (BIM) Extraction
Software Market, by Geography
- North America
- The U.S.
- Canada
- Rest of North America
- Europe
- The U.K
- Germany
- France
- Rest of Europe
- Asia Pacific (APAC)
- India
- China
- Japan
- Rest of APAC
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Brazil
- Rest of South America
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