Building Information Modeling BIM Market, 2015-2022

Report Code: SE 161075
Report Code: IC1384
World Building Information

Modeling (BIM) Market
Opportunities and Forecasts
2015 - 2022
Nilesh Rajput &
Pankaj Lanjudkar
Lead Analyst
5933 NE Win Sivers Drive,

Suite #205,
Portland, OR 97220
United States.
+1 (503) 894-6022
Published: April 2016
Published: November 2013

World Building Information Modeling (BIM) Market,
2015 – 2022
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2015 – 2022
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Table of Contents
CHAPTER 1 INTRODUCTION ................................................................................... 15
1.1 Report description .................................................................................... 15
1.2 Key benefits .............................................................................................. 16
1.3 Key market segments ............................................................................... 17
1.4 Research methodology .............................................................................. 18
1.4.1 Secondary research ..................................................................... 19
1.4.2 Primary research ......................................................................... 20
1.4.3 Analyst tools and models ............................................................. 20
CHAPTER 2 EXECUTIVE SUMMARY ........................................................................ 21
2.1 CXO perspective ........................................................................................ 23
CHAPTER 3 MARKET OVERVIEW ............................................................................ 24
3.1 Market definition and scope ..................................................................... 24
4 3.2 Key findings ............................................................................................. 25
3.2.1 Top impacting factors.................................................................. 25
3.2.2 Top investment pockets ............................................................... 28
3.2.3 Top winning strategies ................................................................ 29
3.3 Porter’s five forces analysis...................................................................... 32
3.3.1 Fewer number of BIM developers and large number of platform

and backend tools suppliers leads to low bargaining power of
suppliers...................................................................................... 33
3.3.2 High switching cost and need for customized products

minimizes the bargaining power of buyer .................................... 33
3.3.3 Presence of renowned players in the market and high initial

investment lowers the threat of new entrants .............................. 34
3.3.4 Enhanced product quality and addition of unique features

minimize the threat from substitutes in the market .................... 34
3.3.5 Unequal sized as well as less number of competitors in the

market lead to moderate intensity of rivalry ............................... 34

2015 – 2022
3.4 Value chain analysis ................................................................................ 35
3.5 Market share analysis, 2014 .................................................................... 37
3.6 Drivers ..................................................................................................... 39
3.6.1 Enhanced productivity through interoperability .......................... 39
3.6.2 Government mandates for BIM usage ........................................... 39
3.6.3 Growing construction industry .................................................... 40
3.7 Restraints ................................................................................................ 41
3.7.1 High cost of BIM software ............................................................ 41
3.7.2 Lack of trained professionals ...................................................... 41
3.8 Opportunities ........................................................................................... 42
3.8.1 Growing environmental and energy concerns ............................... 42
CHAPTER 4 WORLD BIM MARKET BY SOLUTION TYPE ........................................... 43
4.1 Introduction ............................................................................................. 43
4.1.1 Market size and forecast ............................................................. 43

5 4.2 Software................................................................................................... 44
4.2.1 Key market trends ....................................................................... 44
4.2.2 Competitive scenario.................................................................... 44
4.2.3 Key growth factors and opportunities .......................................... 45
4.3 Services .................................................................................................... 46
CHAPTER 5 WORLD BIM MARKET BY SOFTWARE DEPLOYMENT TYPE.................... 48
5.1 Introduction ............................................................................................. 48
5.2 On premise ............................................................................................... 49

2015 – 2022
5.3 Cloud-based .............................................................................................. 51
CHAPTER 6 WORLD BIM MARKET BY END USER .................................................... 53
6.1 Introduction ............................................................................................. 53
6.2 Architects/Engineers ................................................................................ 54

6 6.2.2 Key growth factors and opportunities .......................................... 55
6.3 Contractor ................................................................................................ 56
6.4 Others ...................................................................................................... 57
CHAPTER 7 WORLD BIM MARKET BY VERTICAL ..................................................... 59
7.1 Introduction ............................................................................................. 59
7.2 Commercial .............................................................................................. 60

2015 – 2022
7.3 Residential ............................................................................................... 62
7.4 Infrastructure .......................................................................................... 64

7 7.5 Institutional ............................................................................................. 66
7.6 Industrial ................................................................................................. 68
CHAPTER 8 WORLD BIM MARKET BY GEOGRAPHY ................................................. 70
8.1 North America .......................................................................................... 70

2015 – 2022
8.2 Europe ...................................................................................................... 73
8.3 Asia-Pacific .............................................................................................. 75
8.4 Latin America, Middle East and Africa (LAMEA)........................................ 78

8 8.4.2 Competitive scenario.................................................................... 79
CHAPTER 9 COMPANY PROFILE ............................................................................. 81
9.1 Autodesk, Inc. .......................................................................................... 81
9.1.1 Company overview ....................................................................... 81
9.1.2 Business performance .................................................................. 82
9.1.3 Strategic moves and developments .............................................. 83
9.1.4 SWOT analysis of Autodesk, Inc. ................................................. 83
9.2 Beck Technology, Ltd. .............................................................................. 85
9.2.3 SWOT analysis of Beck Technology, Ltd. ..................................... 86
9.3 Trimble Navigation Ltd. ............................................................................ 87

2015 – 2022
9.3.4 SWOT analysis of Trimble Navigation Ltd. ................................... 90
9.4 Nemetschek AG ......................................................................................... 91
9.4.4 SWOT analysis of Nemetschek AG ................................................ 94
9.5 Pentagon Solutions Ltd. ........................................................................... 95
9.5.2 SWOT analysis of Pentagon Solutions Ltd. .................................. 96
9.6 Dassault Systemes SA .............................................................................. 97

9 9.6.2 Business performance .................................................................. 98
9.6.4 SWOT analysis of Dassault Systemes SA ..................................... 99
9.7 Synchro Software Ltd. ............................................................................ 101
9.7.1 Company overview ..................................................................... 101
9.7.2 Strategic moves and developments ............................................ 102
9.7.3 SWOT analysis of Synchro Software Ltd. ................................... 102
9.8 Bentley Systems, Inc............................................................................... 104
9.8.2 Business performance ................................................................ 105
9.8.4 SWOT analysis of Bentley Systems, Inc. ..................................... 106
9.9 Cadsoft Corporation ............................................................................... 107

2015 – 2022
9.9.3 SWOT analysis of Cadsoft Corporation ...................................... 108
9.10 Asite Solutions Ltd. ................................................................................ 109
9.10.2 Business performance ................................................................ 110
9.10.4 SWOT analysis of Asite Solutions Ltd. ....................................... 111
10

2015 – 2022
List of Figures
FIG. 1 TOP IMPACTING FACTORS 27
FIG. 2 TOP INVESTMENT POCKETS 28
FIG. 3 TOP WINNING STRATEGIES IN BIM MARKET 29
FIG. 4 TOP WINNING STRATEGY ANALYSIS 31
FIG. 5 PORTER’S FIVE FORCES ANALYSIS 32
FIG. 6 VALUE CHAIN ANALYSIS 35
FIG. 7 MARKET SHARE ANALYSIS, 2014 37
FIG. 8 DIFFERENCE BETWEEN TRADITIONAL AND BIM BASED CONSTRUCTION
MODEL 54
FIG. 9 BIM MARKET BY INDUSTRY VERTICAL 59

11
FIG. 10 REVENUE OF AUTODESK, INC., 2013–2015 ($MILLION) 82
FIG. 11 REVENUE OF AUTODESK, INC., BY BUSINESS SEGMENT (2015) 82
FIG. 12 REVENUE OF AUTODESK, INC., BY GEOGRAPHY (2015) 83
FIG. 13 SWOT ANALYSIS OF AUTODESK, INC. 84
FIG. 14 SWOT ANALYSIS OF BECK TECHNOLOGY, LTD. 86
FIG. 15 REVENUE OF TRIMBLE NAVIGATION LTD., 2013–2015 ($MILLION) 88
FIG. 16 REVENUE OF TRIMBLE NAVIGATION LTD., BY BUSINESS SEGMENT (2015) 88
FIG. 17 REVENUE OF TRIMBLE NAVIGATION LTD., BY GEOGRAPHY (2015) 89
FIG. 18 SWOT ANALYSIS OF TRIMBLE NAVIGATION LTD. 90
FIG. 19 REVENUE OF NEMETSCHEK AG, 2013–2015 ($MILLION) 92
FIG. 20 REVENUE OF NEMETSCHEK AG, BY BUSINESS SEGMENT (2015) 92

2015 – 2022
FIG. 21 REVENUE OF NEMETSCHEK AG, BY GEOGRAPHY (2015) 93
FIG. 22 SWOT ANALYSIS OF NEMETSCHEK AG. 94
FIG. 23 SWOT ANALYSIS OF PENTAGON SOLUTIONS LTD. 96
FIG. 24 REVENUE OF DASSAULT SYSTEMES SA, 2013–2015 ($MILLION) 98
FIG. 25 REVENUE OF DASSAULT SYSTEMES SA, BY BUSINESS SEGMENT (2015) 98
FIG. 26 REVENUE OF DASSAULT SYSTEMES SA, BY GEOGRAPHY (2015) 99
FIG. 27 SWOT ANALYSIS OF DASSAULT SYSTEMES SA. 100
FIG. 28 SWOT ANALYSIS OF SYNCHRO SOFTWARE LTD. 103
FIG. 29 REVENUE OF BENTLEY SYSTEMS, INC., 2012–2014 ($MILLION) 105
FIG. 30 REVENUE OF BENTLEY SYSTEMS, INC., BY GEOGRAPHY (2014) 105
FIG. 31 SWOT ANALYSIS OF BENTLEY SYSTEMS, INC. 106
12 FIG. 32 SWOT ANALYSIS OF CADSOFT CORPORATION 108
FIG. 33 REVENUE OF ASITE SOLUTIONS LTD., 2013–2015 ($MILLION) 110
FIG. 34 REVENUE OF ASITE SOLUTIONS LTD., BY GEOGRAPHY (2015) 110
FIG. 35 SWOT ANALYSIS OF ASITE SOLUTIONS LTD. 111

2015 – 2022
List of Tables
TABLE 1 WORLD BIM MARKET REVENUE BY GEOGRAPHY, 2015–2022 ($MILLION) 22
TABLE 2 WORLD BIM MARKET REVENUE BY SOLUTION TYPE, 2015–2022 ($MILLION) 43
TABLE 3 WORLD BIM SOFTWARE MARKET REVENUE BY GEOGRAPHY, 2015–2022
($MILLION) 45
TABLE 4 WORLD BIM SERVICES MARKET REVENUE BY GEOGRAPHY, 2015–2022
($MILLION) 47
TABLE 5 WORLD BIM SOFTWARE MARKET REVENUE BY DEPLOYMENT TYPE, 2015–
2022 ($MILLION) 48
TABLE 6 WORLD BIM ON PREMISE SOFTWARE MARKET, BY GEOGRAPHY, 2015–2022
($MILLION) 50
TABLE 7 WORLD BIM CLOUD-BASED SOFTWARE MARKET, BY GEOGRAPHY, 2015–
13 2022 ($MILLION) 52
TABLE 8 DIFFERENCE BETWEEN CLOUD-BASED AND ON-PREMISE BIM SOFTWARE
MODELS 52
TABLE 9 WORLD BIM MARKET REVENUE BY END USER, 2015–2022 ($MILLION) 53
TABLE 10 WORLD BIM MARKET REVENUE BY ARCHITECTS/ENGINEERS BY
GEOGRAPHY, 2015–2022 ($MILLION) 55
TABLE 11 WORLD BIM MARKET REVENUE BY CONTRACTORS BY GEOGRAPHY, 2015–
2022 ($MILLION) 57
TABLE 12 WORLD BIM MARKET REVENUE BY OTHER USERS BY GEOGRAPHY, 2015–
2022 ($MILLION) 58
TABLE 13 WORLD BIM MARKET REVENUE BY INDUSTRY VERTICAL, 2015–2022
($MILLION) 59
TABLE 14 WORLD COMMERCIAL CONSTRUCTION BIM MARKET REVENUE BY

2015 – 2022
TABLE 15 WORLD RESIDENTIAL CONSTRUCTION BIM MARKET REVENUE BY
TABLE 16 WORLD INFRASTRUCTURE CONSTRUCTION BIM MARKET REVENUE BY
TABLE 17 WORLD INSTITUTIONAL CONSTRUCTION BIM MARKET REVENUE BY
TABLE 18 WORLD INDUSTRIAL CONSTRUCTION BIM MARKET REVENUE BY
TABLE 19 NORTH AMERICAN BIM MARKET REVENUE BY END USER, 2015–2022
($MILLION) 72
TABLE 20 EUROPEAN BIM MARKET REVENUE BY END USER, 2015–2022 ($MILLION) 74
TABLE 21 ASIA-PACIFIC BIM MARKET REVENUE BY END USER, 2015–2022 ($MILLION) 77
TABLE 22 LAMEA BIM MARKET REVENUE BY END USER, 2015–2022 ($MILLION) 80

14
TABLE 23 SNAPSHOT OF AUTODESK, INC. 81
TABLE 24 SNAPSHOT OF BECK TECHNOLOGY, LTD. 85
TABLE 25 SNAPSHOT OF TRIMBLE NAVIGATION LTD. 87
TABLE 26 SNAPSHOT OF NEMETSCHEK AG 91
TABLE 27 SNAPSHOT OF PENTAGON SOLUTIONS LTD. 95
TABLE 28 SNAPSHOT OF DASSAULT SYSTEMES SA 97
TABLE 29 SNAPSHOT OF SYNCHRO SOFTWARE LTD. 101
TABLE 30 SNAPSHOT OF BENTLEY SYSTEMS, INC. 104
TABLE 31 SNAPSHOT OF CADSOFT CORPORATION 107
TABLE 32 SNAPSHOT OF ASITE SOLUTIONS LTD. 109

2015 – 2022
CHAPTER 1 INTRODUCTION
1.1 Report description
Building information modeling (BIM) is a digital representation of a construction project used
by architects, engineers, and other construction professionals. It helps in planning,
designing, constructing, operating, and maintaining the diverse physical infrastructure
coupled with speedy data exchange among the involved entities. Nowadays, this software tool
has been popular among end users, owing to its lucrative advantages such as increased
return on investments (ROIs), time and money saving. Rapidly increasing number of
construction projects globally, rising awareness of BIM & associated benefits, and growing
demand for automated models in architecture, engineering, and construction (AEC) industry
are the major factors boosting its adoption in the construction industry, especially for
commercial and infrastructure projects. Moreover, government mandates regarding the use of
BIM in building constructions are expected to boost its adoption worldwide.
Enhanced data communication and coordination among various stakeholders coupled with
15 improved construction productivity provides a leading edge to BIM users. However, high cost
of software and limitation of trained professionals have hampered the growth of the market.
Technological advancements to manage data at remote servers and improvised inter-
coordination between users using cloud-based solutions have created ample opportunities for
the market growth. The players such as Autodesk, Inc. and Bentley Systems, Inc. have
recently launched mobile applications that are popular among customers, owing to their
superior advantages over traditional CAD software. BIM enables the development of green
buildings through energy simulation and prefabrication techniques with effective data
exchange during the development of a project, thereby propelling its adoption in the market.
The world BIM market is segmented based on solution, software deployment type, end user,
vertical, and geography. BIM has been increasingly adopted across different verticals
including commercial, residential, institutional, industrial, and infrastructure. The adoption
rate among commercial and infrastructure has witnessed rapid growth, owing to the stringent
government regulations. BIM software models are delivered either through cloud or on-
premise modes to customers. Cloud-based solutions have gained increased popularity among
customers, owing to their cost-effectiveness and ease-of-access over on-premise models.

2015 – 2022
This report analyzes the BIM market on the basis of geography into North America, Europe,
Asia-Pacific, and Latin America, Middle East and Africa (LAMEA). Asia-Pacific is projected to
be the fastest growing region, owing to the high adoption of BIM in countries such as China,
India, and Japan. The key players profiled in this report include Beck Technology, Ltd.,
Autodesk, Inc., Dassault Systemes SA, Trimble Navigation Ltd., Synchro Software Ltd.,
Pentagon Solutions Ltd., Bentley Systems, Inc., Cadsoft Corporation, Nemetschek AG., and
Asite Solutions Limited.
1.2 Key benefits

 The study provides an in-depth analysis of the BIM market with current and
future trends to elucidate the imminent investment pockets in the market.
 The report provides information regarding key drivers, restraints, and

opportunities along with their impact analysis.
 Porter’s Five Forces and SWOT analyses of the key market players in the
industry have been provided to highlight the growth strategies adopted by them.
16  The value chain analysis of the industry signifies the key intermediaries
involved and elaborates their roles and value additions at every stage in the
value chain.
 The quantitative analysis of the market during 2015–2022 has been provided to
elaborate the market potential.

2015 – 2022
1.3 Key market segments

The BIM market is segmented based on solution, software deployment type, end user, vertical,
and geography.
MARKET BY SOLUTION
 Software
 Service
SOFTWARE MARKET BY DEPLOYMENT TYPE
 On-premise
 Cloud-based
MARKET BY END USER
 Architect/Engineer
 Contractor
 Others (owners and consultants)

MARKET BY VERTICAL
17
 Commercial
 Residential
 Infrastructure
 Institutional
 Industrial
MARKET BY GEOGRAPHY
 North America
 Europe
 Asia-Pacific
 Latin America, Middle East and Africa (LAMEA)

2015-2022
1.4 Research methodology

With collective industry experience of about 100 years of its analysts and experts, Allied
Market Research (AMR) encompasses most infallible research methodology for its market
intelligence and industry analysis. We do not only engrave the deepest levels of markets but
also sneak through its slimmest details for the purpose of our market estimates and
forecasts. Our approach helps in building greater market consensus view for size, shape and
industry trends within each industry segment. We carefully factor in industry trends and real
developments for identifying key growth factors and future course of the market. Our
research proceeds are the resultant of high quality data, expert views and analysis and high
value independent opinions. Our research process is designed to deliver balanced view of the
global markets and allow stakeholders to make informed decisions to attain their highest
growth objectives.
We offer our clients exhaustive research and analysis based on wide variety of factual inputs,
which largely include interviews with industry participants, reliable statistics and regional
18 intelligence. Our in-house industry experts play instrumental role in designing analytic tools
and models, tailored to the requirements of particular industry segment. These analytical
tools and models sanitize the data & statistics and enhance the accuracy of our
recommendations and advice. With AMR’s calibrated research process and 360` degree data-
evaluation methodology, our clients are assured of receiving:
 Consistent, valuable, robust and actionable data & analysis that can easily be
referenced for strategic business planning
 Technologically sophisticated and reliable insights through well audited and

veracious research methodology
 Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are
most reliable and guarantees sound business planning.

2015-2022
For this research report, we conducted about over 14 hours of interviews and discussion with
wide range of stakeholders including upstream and downstream participants. Primary
research typically is bulk of our research efforts; however, coherently supported by extensive
secondary research. We reviewed over 4,564 product literatures, industry releases, annual
reports and other such documents of key industry participants for better market
understanding and competitive intelligence. Additionally, authentic industry journals, trade
associations’ releases and government websites have also been reviewed for generating high
value industry insights.
1.4.1 Secondary research

We refer a broad array of industry sources for our secondary, which typically include;
however, not limited to:
 Company SEC filings, annual reports, company websites, broker & financial
reports and investor presentations for competitive scenario and shape of the
industry
19  Patent and regulatory databases for understanding of technical & legal
developments
 Scientific and technical writings for product information and related

preemptions
 Regional government and statistical databases for macro analysis
 Authentic new articles, web-casts and other related releases for market
evaluation
 Internal and external proprietary databases, key market indicators and relevant
press releases for market estimates and forecast

2015-2022
1.4.2 Primary research

Our primary research efforts include reaching out participants through mail, tele-
conversations, referrals, professional networks and face-to-face interactions. We are also in
professional corporate relations with various companies that allow us greater flexibility for
reaching out industry participants and commentators for interviews and discussions,
fulfilling following functions:
 Validates and improves the data quality and strengthens research proceeds
 Further develops analyst team’s market understanding and expertise
 Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most
experienced industry members. These participants include; however, not limited to:
 Chief executives and VPs of leading corporations specific to industry
 Product and sales managers or country heads; channel partners and top level
20 distributors; banking, investments and valuation experts
 Key opinion leaders (KOLs)
1.4.3 Analyst tools and models

AMR has developed set of analyst tools and data models to supplement and expedite the
analysis process. Corresponding to markets, where there is significant lack of information
and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry
models to translate qualitative and quantitative industry indicators into exact industry
estimates. These models also allow analysts to examine the prospects and opportunities
prevailing in the market to accurately forecast the course of the market.

2015-2022
CHAPTER 2 EXECUTIVE SUMMARY

The construction industry across the globe, especially in Asia-Pacific and LAMEA regions, has
witnessed significant growth in the past few years. The traditional solutions for technical
drawings have been proven inefficient for designing and planning complex structures. Hence,
BIM has emerged as an effective tool for designing, planning, and management of
construction projects. The use of this software reduces the risks associated with costs
estimation, wastage of materials, project completion, and conflicts resolution during various
stages of project management. In addition, major issues, such as construction rework due to
improper planning and reduced return on investments (ROIs) for AEC professionals, have
fostered the need for automated technology software that can manage these issues with
flexible usability and enhanced profits for AEC professionals.
BIM is not only a software but also a workflow that helps to maintain co-ordination among
the involved entities such as architects, engineers, builders of construction projects. In
addition, it provides real-time updates at every stage of the project to each entity. BIM
21
solution providers help AEC professionals and building organizations to develop multi-
dimensional and digital representation of their projects by providing effective and advanced
building and design solutions. It provides benefits such as risk mitigation, remote
accessibility, reduced errors, and reduced costs involved in a construction project. This report
describes the world BIM market across the globe with various segments. The global BIM
market revenue garnered $3,032 million in 2015, and is expected to attain revenue of
$11,705.3 million in 2022, registering a CAGR of 21.6% from 2016 to 2022.
North America was the largest revenue-generating region across the globe in 2015. This
region is forecast to reach $3,298.6 million by 2022, from the market value of $1,075.6
million in 2015, growing at a CAGR of 17.5% from 2016 to 2020. Awareness about BIM
software and solutions among AEC industry players and supportive government regulations
have fueled the growth of the market in North America. However, Asia-Pacific region is
projected to grow at the fastest CAGR of 28.4% during the forecast period. This region is
forecast to reach $3,787.6 million by 2022, from the market value of $671.5 million in 2015.
Booming real estate sector and promising growth rate of economy are the key factors
contributing to the increasing demand for BIM across various industry verticals in the region.

2015-2022
TABLE 1 WORLD BIM MARKET REVENUE BY GEOGRAPHY, 2015–2022

($MILLION)
CAGR%
Region 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
North America 1,075.6 1,253.7 1,462.6 1,709.0 2,001.5 2,352.0 2,776.7 3,298.6 17.5
Europe 1,035.4 1,213.1 1,425.5 1,681.4 1,993.3 2,378.7 2,863.9 3,487.2 19.2
Asia-Pacific 671.5 844.9 1,066.7 1,352.9 1,726.4 2,219.6 2,881.2 3,787.6 28.4
LAMEA 249.5 304.9 373.6 459.7 568.7 708.3 889.8 1,131.8 24.4
Total 3,032.0 3,616.5 4,328.3 5,203.0 6,289.9 7,658.6 9,411.7 11,705.3 21.6
Source: Primary, secondary research and AMR analysis
The market is segmented based on solution type, software deployment type, end user,
industry vertical, and geography. The market players offer two types of solutions, viz.,
software and services. Project management and training & support services are some of the
services offered by the industry players. BIM software solutions are delivered in two basic
models namely, on-premise and cloud-based models. Cloud-based application has witnessed
significant growth due the rise in applications of mobile devices and smartphone applications
by construction professionals for accessing construction documents from remote locations.
Cloud-based BIM model are popular among all verticals due to cost-effectiveness and ease-of-
22
availability as compared to on-premise solutions model. However, on-premise deployment
model is preferred in cases where organization/companies are concerned about security of
sensitive information in cloud platforms.
The vertical segment of this report covers the application of BIM solutions in commercial,
residential, infrastructure, institutional, and industrial sectors. The report is analyzed based
on four major regions namely, North America, Europe, Asia-Pacific and Latin America, Middle
East and Africa (LAMEA) to understand the trends, growth factors, and potential
opportunities in these geographies.
The leading BIM solution providers have been profiled in the company profile section with
details about their business operations, financial data, and operating regions. These players
include Beck Technology, Ltd., Autodesk, Inc., Dassault Systemes SA, Trimble Navigation
Ltd., Synchro Software Ltd., Pentagon Solutions Ltd., Bentley Systems, Inc., Cadsoft
Corporation, Nemetschek AG, and Asite Solutions Limited. This report discusses the key
strategies adopted by companies in the BIM market.

2015-2022
The current trends, upcoming opportunities, and hurdles in the market growth have been
provided along with detailed information about their impacts. Porter’s Five Forces analysis
helps to understand the competitive structure of the market along with the roles of suppliers
and buyers. This analysis concludes that the degree of competition is moderately low in the
market. The value chain analysis gives a clear picture of market structure with value addition
by each player at each stage. The top investment pockets exhibit the investment
opportunities for market participants along with current and future scenario of the market.
2.1 CXO perspective

Though the North America and European markets have been constituting the highest market
share at this stage, the Asia-Pacific region would surpass the both regions during the forecast
period. Booming construction industry and evolving supportive government regulations are
expected to stimulate the adoption BIM solutions across Asian countries. The outsourcing
from infrastructure and commercial sectors for modeling services would continue due to cost
advantages and shortage of skilled BIM trained professionals.
23
The cost advantage of cloud-based solutions has attracted businesses of all sizes, which
boosts the growth of cloud-based BIM solutions. BIM integration requires heavy initial
investment. Moreover, cloud-based solutions are mainly adopted by small- and medium-sized
construction companies, as huge amount of capital is required for the implementation of on-
premise BIM.
The industry players have constantly developed advanced solutions to cater to the demand of
customers. Various industry verticals have faced monitoring and planning issues for
construction projects. The infrastructure sector has constantly experienced issues related to
process integration and cost management from different regions, which has led to the
enforcement of automated workflow for construction purposes. Infrastructure, commercial,
and residential sectors are forecast to contribute significantly to the growth of the overall BIM
market. North America was the leading revenue-generating region of the global BIM market,
but Asia-Pacific region is projected to lead the global market by 2021.

2015-2022
CHAPTER 3 MARKET OVERVIEW

3.1 Market definition and scope
This report covers the study of global BIM market with respect to two types of solutions, viz.,
software and services. Building information modeling (BIM) is a particular type of software,
usually used by real estate companies, construction firms, and AEC (architecture,
engineering and construction) professionals for effective project life cycle management. BIM
software solutions are computer-aided platforms used for planning, designing, and
constructing and managing the construction project. The report takes into account the
revenue generated by the software as well as that of services, i.e., installation, maintenance,
and consultancy services. Engineers, contractors, architects, owners, and builders are the
end-users considered in this report. Commercial, industrial, infrastructure, residential and
institutional construction sectors are the verticals studied in this report.
This report highlights Porter’s Five Forces analysis for BIM industry comprising BIM
24 developers such as Beck Technology Ltd., Autodesk, Inc., Dassault Systemes SA, and
Synchro Software Ltd. among others, whereas the end users of these software include AEC
professionals and construction firms. This study highlights the role of stakeholders in the
value chain of this industry. The value chain includes technology providers, distributer/
reseller, system integrators, end-users, and service providers.

2015-2022
3.2 Key findings

3.2.1 Top impacting factors
The notable factors affecting the global BIM market include government mandates for BIM
usage, lack of trained professionals, high cost of BIM software, growing concerns about
energy efficiency, enhanced productivity through interoperability, and growing construction
industry. These major factors have led to increase in the adoption of BIM solutions in AEC
industry across different parts of the world. BIM services such as Clash Detection & Co-
ordination, Cost Estimation & Planning, Risk Mitigation, Logistics Planning, Asset
Management, and Facility Management are commonly preferred by customers. The top
impacting factors of the world BIM market are provided as follows.
Lack of trained professionals

BIM is a workflow that integrates various process into a single platform to provide common
user interface for the entire project. It is comparatively new and advanced software over
traditional modelling software “AutoCAD,” which is widely used in the construction industry.
As it is a new technology, there is inadequate knowledge among construction professionals
25 regarding the use of BIM. Thus, it is not feasible for AEC firms to employ ample workforce
who are professionally trained to work on the BIM workflow. In the current context, major
BIM players provide trainings and certifications to stimulate the implementation of BIM in the
construction industry. For instance, Autodesk, Inc., and Bentley Systems, Inc., and other
institutes including RICS arrange BIM certification program to train the professionals. It is
expected that the demand for services is expected to increase in future, which would
eventually drive the overall market.
Growing construction industry

Booming construction sector in developing countries and technological advancements in this
sector boost the adoption of BIM, worldwide. China, India, and the Middle East have
exhibited higher growth rate as compared to the developed countries in terms of construction
and is expected to grow at prominent rate in future. Renowned construction firms have
focused on expanding in the developing countries. Currently, emerging concerns over global
warming have resulted in the implementation of stringent norms by various governments to
adopt carbon-free construction practices. The U.S., U.K., and Japan are some of the
countries that have focused on building eco-friendly structures, which would foster the
growth of the BIM market.

2015-2022
Government mandates for BIM

The worldwide adoption of BIM solutions is in the growth stage of its product life cycle.
Implementation of BIM is not mandatory in most of the countries, however it is gaining
traction now with governments of different countries considering mandating the use of BIM.
Therefore, the implementation of BIM is at its initial phase in most of the countries in the
Asia-Pacific and LAMEA regions. However, the U.S. was among the early adopters of BIM
workflow, followed by the U.K., Singapore, Australia, and Dubai. These countries have taken
stringent measures to mandate the use of BIM in commercial and infrastructure projects. In
the coming years, this trend is expected to be adopted by majority of the countries, owing to
features such as maximized return on investments for AEC professionals, environment
friendly structures, multidimensional modeling, and complete project life cycle management.
Growing concerns about energy efficiency

Construction industry is at the booming stage, and the process of infrastructure and
commercial construction development causes large amount of carbon emission, which in turn
contributes significantly towards global warming. Therefore, developed countries, such as
26
U.S., U.K., and many Asian countries, have focused on developing green building structures.
The implementation of BIM ensures reduction in emission of polluting elements, use of
environment friendly material, and construction based on the proposed standards of green
building. Owing to the increased awareness about global warming, it is expected that these
factors would contribute towards the growth of the BIM market.
High cost of BIM software

Pricing issues of subscriptions and licensing of BIM software are some of the major problems
faced by AEC firms. In the current scenario, BIM software are expensive for architects,
engineers, and contractors to buy individually. Moreover, BIM companies & consulting firms
charge heavily for subscription packages and training modules. Furthermore, raw material
suppliers to construction firms are not technologically updated, which makes this whole
process difficult to follow. These factors cumulatively foster the need to provide trainings in
the entire workflow, which increase the overall cost of implementation. However, this scenario
is expected to diminish considering the higher adoption rate of BIM in future, and new
entrants are expected to offer these services at comparatively lower rates to improve their
market share.

2015-2022
Enhanced productivity through interoperability

Construction projects have a number of ongoing processes at various phases of development.
These processes need coordination among themselves as well as with the entities involved in
the construction project such as engineers, architects, and contractors. Majority of the
construction industry professionals have experienced significant losses due to lack of proper
interface and accurate estimations at every stage of a construction project. For instance, the
construction of Berlin Airport and Stuttgart 21 went over budget due to lack to
interoperability and improper project estimation. To overcome this, the German Federal
Ministry of Construction adopted BIM to cover the losses. Increase in inflation costs due to
interoperability issues has negatively influenced the market across every vertical across the
globe. The use of BIM services in construction projects would reduce the percentage of such
interoperability issues and boost the growth of the BIM in future.
FIG. 1 TOP IMPACTING FACTORS
27
Source Secondary research and AMR analysis

2015-2022
3.2.2 Top investment pockets

The following graph illustrates the adoption potential of BIM by various verticals. Presently,
infrastructure, commercial, and industrial sectors are the leading sector for outsourcing BIM
modeling services. Government of various countries across the world have mandated the
implementation of BIM solutions for large construction projects. In addition, growing
awareness about the benefits of BIM have facilitated its adoption across developing countries.
Thus, it would provide lucrative opportunities to the market players across the globe.
Nowadays, increasing concerns about global warming caused due to construction and
development processes mainly by infrastructure and commercial sectors and growing need
for conservation of resources have led to the implementation of BIM. In addition, growing
awareness for green structures has stimulated the growth for this market. Therefore,
infrastructure sector has emerged as a lucrative sector for investment. Among other verticals,
residential and institutional sectors deal with large amount of construction projects that
require cost-effective and efficient BIM solutions to monitor and manage constructions,
globally.
28
FIG. 2 TOP INVESTMENT POCKETS

30
27
24
21
Growth Rate
Residential Infrastructure
18
Commercial
15
Industrial
12 Institutional
9
Supportive goverment regulations and
increased rate of infrastructure
6
construction, especially in developing
3 nations is stimulating the market growth
0
0 1 2 3 4 5 6 7
Market Attractiveness
Source: Secondary research and AMR analysis

2015-2022
3.2.3 Top winning strategies

AEC professionals have focused on reduction in operational costs and improvement in overall
efficiency of their operations. BIM software and services have proved beneficial in project
management and costs management. The BIM companies have adopted product launch,
partnerships and acquisition strategies to expand their geographical presence and increase
their customer database. These strategies have been elaborated as follows:
 Partnership and collaboration: BIM companies have entered into partnerships

with various construction firms, tech-support companies, or service providers to
expand their network. BIM companies have signed partnership deals to add new
services and enhance the security of their network.
 Product launch and innovation: The market players have launched new and
advanced software versions along with enhanced security features to deliver
better solutions and increase their market share.
 Merger and acquisitions: BIM solution providers have constantly focused on

expanding their presence across new geographies. The major strategies adopted
29 by top players are mergers with renowned firms and acquisitions of small,
medium, and large-scale companies.
FIG. 3 TOP WINNING STRATEGIES IN BIM MARKET
Source: Secondary research

2015-2022
The pie chart shows the percentage share of different strategies adopted by leading players in
the BIM market during the last two years. Partnership and collaboration is the major strategy
adopted by the players in this industry. Most of the companies have focused on partnership
and collaboration strategies to increase their geographical presence and provide
technologically advanced products to customers.
Major BIM companies have entered into partnerships with AEC companies to launch
innovative products, expand their customer database and their increase geographical
presence. For instance:
 In February 2016, Tremble Constructions, a global leader in construction of

commercial sector, collaborated with Sefaira Corporation, a leading BIM
software developer. This would help Tremble Navigation Limited to develop
sustainable designs and construction solutions for its customers.
 In February 2016, Autodesk, Inc. launched an advanced software solution, BIM

30 360 Docs. This product is expected to enhance the interoperability of the entire
project and improve the process of construction document management among
AEC professionals.
 In July 2015, Tekla Corporation collaborated with Precast India, which provides
BIM services to construction companies. This strategic alliance is an expansion
strategy which is expected to enhance the geographical share of Tekla
Corporation.
Top BIM players also adopted merger and acquisition as their growth strategies to enhance
their operations and expand their business globally.
 In January 2016, Nemetschek AG acquired Solibri, Inc., a global leader in

software solutions and quality control services provider for BIM.
 In October 2014, CSC, a U.K.-based company, was acquired by Trimble and

now continues to work under the brand name of Tekla Corp. Both the
companies carry out their operations jointly.

2015-2022
FIG. 4 TOP WINNING STRATEGY ANALYSIS

Many companies adopted collaboration and
5 partnership strategy to become technically
advanced, which would help in serving
consumers needs
4 4
4
Market expansion Market expansion Technological Technological Niche application

advancement advancement
Mergers & Acquisition Partnership & Collaboration Product launch
Source: Company annual report & AMR analysis

Note: The numbers are mentioned in units of winning strategies
Leading players, such as Beck Technology Ltd., Autodesk, Inc., Dassault Systemes SA,
31 Nemetschek AG, and many others have constantly developed new solutions to provide better
services and upgrade the security features of existing BIM products. BIM developers have
introduced various features, such as biometric authentication of users, which are customized
according to the requirements of AEC professionals and construction firms. This has been
done to provide BIM services with ease-of-access and user adaptability to target the untapped
segments of the market.
 In May 2015, Nemetschek Group, one of the leading players in the BIM
industry, formed a strategic alliance with an America-based company, Trimble
Corporation. This partnership was formed to facilitate the implementation of
BIM throughout the whole design-build-operate building lifecycle.
 In December 2015, Autodesk, Inc. partnered with Microsoft Corp. to introduce a

newer version of document management service in context to technological
advancements and to boost the growth of the company.
 In May 2014, Bentley systems, Inc., launched a revolutionary software, Buried

Utilities 3D Modeler, which would provide detailed information about complex
cable structures and sewage systems below the earth’s surface. This would be
beneficial to plan buildings accordingly.

2015-2022
3.3 Porter’s five forces analysis

Porter’s Five Forces analysis of the world BIM market comprises suppliers which perform the
role of platform and backend tool providers. The players such as Autodesk, Inc., Bentley
Systems, Inc., and Tremble Navigation Limited develops the BIM software. The buyers
segment includes construction professionals who use this software in planning, designing,
and operation phases of construction projects, and software vendors. The end users consist
of architects, engineers, contractors, and owners & builders among others.
FIG. 5 PORTER’S FIVE FORCES ANALYSIS
• Need for customized • Low differentiation of the

products supplier’s product
• High switching costs • Large number of
suppliers
32
• Established strong brands • Presence of strong brands

• High exit barriers Less Threat of • Initial capital investment is
Substitutes high
• Consumer switching cost is

high
• Differentiated features
Source: Company annual reports & AMR analysis

2015-2022
3.3.1 Fewer number of BIM developers and large number of

platform and backend tools suppliers leads to low
bargaining power of suppliers
The suppliers to the BIM providers comprise large number of renowned platform and backend
tools providers. Platform used for development of a BIM software can either be open-source or
they can be developed over languages such as C# or VB.NET for Revit, Ruby for SketchUp
and C++ for ArchiCAD. These programming languages are used by software developers, such
as Autodesk, Inc., Bentley Systems, Inc., and Nemetschek AG among others, which offer a
variety of BIM software. The platform and backend tools suppliers are large in number as
compared to the number of buyers. Moreover, BIM software providers have equipped their
products with adequate differentiation; however, they need generalized software such
Microsoft Office Suit to perform operations over BIM. However, the suppliers for BIM
developers do not have differentiation in their product offering and switching costs associated
with the buyers are also low. Therefore, these factors collectively lead to low bargaining power
of suppliers.
33
3.3.2 High switching cost and need for customized products
minimizes the bargaining power of buyer
Construction industry form the key end user vertical for BIM software. The individuals
associated with this industry generally purchase software at once and renew them after
regular intervals. These buyers comprise architects, engineers, contractors, and owners,
which are large in number. Moreover, buyers generally require customized BIM products,
which enforces buyers to sign licensing and long term subscription agreements with software
developers. Although there are a large number of substitutes available in the market (such as
CAD), the incompetency of these products to offer effective project management solutions
increases the credibility of BIM software. Thus, the need for technologically advanced
software to extract more financial profits increases the adoption of BIM solution. Moreover,
the switching costs of these solutions are high for buyers. All these factors jointly contribute
to moderate bargaining power of buyers.

2015-2022
3.3.3 Presence of renowned players in the market and high initial

investment lowers the threat of new entrants
Leading players in the BIM market have strongly established themselves with their brands
and have achieved expertise through continuous product innovation and new services. High
initial investment and need for technological expertise creates hurdles for new firms to enter
into this market. The customer loyalty in this market is significant, as customers renew their
software licenses from their suppliers rather than switching to a new vendor. The customers
purchase software directly from suppliers or through software vendors. All these factors lower
the threat of new entrants in the market.
3.3.4 Enhanced product quality and addition of unique features

minimize the threat from substitutes in the market
Most of the AEC professionals use CAD solutions for construction designs. Although CAD
offers nearly similar features, BIM provides interoperability through common platform and
project planning and estimation solutions. Consumers have limited options in terms of
modeling services. Owing to BIM’s unique features and advanced modelling technology, its
34
sales are not affected by outdated products such as CAD. In addition, the cost of switching
from one supplier to another is high as most of the software companies that offer BIM offer
related modelling services. These services and software are used to integrate whole processes,
which makes it difficult for construction companies to switch their service providers. Thus,
the threat from substitute products for BIM is low in the market.
3.3.5 Unequal sized as well as less number of competitors in the

market lead to moderate intensity of rivalry
The global BIM market experiences moderate intensity of competition in the market, owing to
less number of suppliers and more number of buyers. High initial capital investment leads to
high exit barriers that eventually leads to moderate level of rivalry among existing market
players. The companies, such as Autodesk, Inc., Bentley Systems, Inc., and Nemetschek AG
offer several technologically advanced products, which have attained significant brand loyalty
in the market. This leaves huge scope for expansion for BIM companies in the untapped
markets. Therefore, all these factors collectively lead to moderate level of competition among
existing players in the global BIM market.

2015-2022
3.4 Value chain analysis

The value chain of BIM software market includes various stakeholders such as technology
providers, distributers/resellers, and end-users or customers. These stakeholders perform
different roles in their specific areas and add value to the BIM Model processes flow.
Technology providers
The value chain analysis of BIM starts with technology providers. For BIM software model,
there are different types of technology providers in the AEC industry, which include platform
providers and software developers. In some cases, these roles are played by the same
company, which is involved in selling and maintenance of BIM software. Platform providers
develop and manage the BIM product foundation across different markets, which include
cloud management, web services, subscriptions, suits, and licensing. Software developers are
entitled to develop and manage the algorithm used in the creation of BIM. They form an
integral part of the value chain, as errors occurred in the software could cause serious issues
during the development phase of construction projects and financial losses to end-users.
35
FIG. 6 VALUE CHAIN ANALYSIS
Technology Providers
Software Distributors and

Platform providers developers End users
Resellers
Service providers
Source: AMR analysis

2015-2022
Solution/service providers
After successful completion of technology provider stage, the product reaches
service/solution providers. In order to provide seamless service to customers, round-the-clock
functioning of BIM is essential. Timely management and proper working of these software are
essential to offer uninterrupted service to their users. Number of operations and timely
functioning of BIM are managed by technology providers as a part of their post-sales services
or sometimes these services are outsourced to third-party vendors. For instance, in case of
BIM modeling, services operations and management activities are performed by third-party
vendors in collaboration with technology providers (onsite or offsite). Solution providers offer
post-sales support, customer assistance, maintenance operations, software handling, BIM
status notification, and interoperability between members using BIM software. With remote
monitoring solutions, the management of BIM services is not cost-effective. VHSoft
Technologies Company Limited, Synnex Technology International Corp., and Multiple
Surveyors & Consultants Limited are some of the remote monitoring solution/service
providers in the market.
36 Sellers/resellers
Normally, the sales cycle for BIM is time consuming and it requires duration of few months to
complete the transaction between the buyer and the seller. Sellers and resellers provide a
complete package of services to AEC firms such as installation of software and hardware,
customer support, after sales services, tech support and others. The buying processes of BIM
is done through online mode of transaction. Usually, the developer company monitors the
entire process. In some cases, authorized distributors and authorized cloud distributors
appointed by BIM companies provide sales and support services such as, readiness, sales
training and activation, technical and licensing support, and account management for cloud
services.
End-users
There are number of categories for people who use BIM software directly or indirectly. In AEC
industry, business professionals such as architects, builders, engineers, contractors,
construction companies, government agencies, and others use BIM. Generally, these users
buy BIM software directly from the companies, whereas they avail software solutions from
support solution providers in some cases. Depending upon the type of usage, i.e. professional
use or personal, different types of licenses are issued by BIM developing companies.

2015-2022
3.5 Market share analysis, 2014

Leading players with diverse innovative offerings seek growth opportunities in the global BIM
market to consolidate their position in the market. The following illustration depicts the
percentage shares of the global revenue held by leading players operating in the market.
Partnerships and collaboration is a common developmental strategy adopted by various
market leaders. In addition, product launch and acquisitions are some of the other strategies
adopted by the companies in the market.
FIG. 7 MARKET SHARE ANALYSIS, 2014
37
Source: Primary research, secondary research and AMR analysis
The market share analysis of the world BIM Market reveals that Autodesk, Inc. occupied the
maximum percentage share, accounting for 30% of the total market revenue. The other major
players in this industry namely, Bentley Systems, Inc., Nemetschek AG, and Dassault
Systemes SA accounted for 26%, 9%, and 8% market shares, respectively. The other global
and regional players constituted nearly 27% share in 2014.
Autodesk, Inc., the leading BIM software provider, adopted product launch and partnership
as its key growth strategies to increase its market penetration globally. The company has
introduced numerous product offerings across every region. The company created
differentiation for its products in the market, owing to the launch of “Autodesk BIM 360
Docs” software that provides one solution for all its documentation processes in construction
projects.

2015-2022
Bentley Systems, Inc., the second largest provider in the global BIM industry, adopted
acquisition and product launch as its developmental strategy to sustain in the market.
Bentley Systems, Inc. acquired EADOC, LLC, which is a provider of construction
management cloud services. This acquisition would help Bentley Systems, Inc. to facilitate
ease of operations and gain advanced solution capabilities. The company has recently
launched OpenRoads CONNECT Edition software. This product launch is expected to
enhance the company’s operations in the civil industry.
Nemetschek AG is the third significant player in the market with 9% market share. The
company adopted acquisition as its key strategy to expand its market reach. It has acquired
Solibri, Inc., which is a global leader and internationally aligned software solutions and
quality control services provider of BIM.
Dassault Systemes SA is the fourth leader in the market with 8% market share. It has
adopted product launch and innovation as its prime strategy. The rest of the market for BIM
is captured by companies such as Beck Technology, Ltd., Trimble Navigation Ltd., Synchro
38
Software Ltd., and Pentagon Solutions Ltd. among others. These players have adopted
product launch and partnerships as their strategies to sustain the market competition.

2015-2022
3.6 Drivers
3.6.1 Enhanced productivity through interoperability
Construction projects need decent coordination and understanding between various
stakeholders involved in the project due to the collaborative structure of the AEC sector.
Normally, there are a number of elements associated in a construction project such as
suppliers, engineers, architects, builders, workers, and others. For years, this exchange of
information between these elements was documented in terms of tables, graphs, and
drawings. In addition, AEC professionals prefer automated devices which would deliver
results in less time, save money, and reduce manual operations. BIM has the ability to
facilitate these solutions. In addition, the demand for automated systems is has gained
popularity in the construction industry which would reduce human errors and provide
accuracy in digital representation of the construction models, thereby resulting in cost
savings and improved productivity. Hence, there is a need for an interface that could
integrate the issues and provide a common platform for successful operation.
39 The interoperability issues covered by BIM include:
 File level interoperability
 Syntax level interoperability
 Visualization level interoperability
 Sematic level interoperability
3.6.2 Government mandates for BIM usage

Policies and regulations implemented by the government of different geographic regions foster
the growth of the BIM market. In North America, in most of the countries, the use of BIM for
commercial projects has been made mandatory. Moreover, Government of U.K. has proposed
a mandate for BIM level 2 for all government projects after 4th April, 2016. In addition,
countries, such as Singapore and UAE, have regulations with respect to the usage of BIM in
infrastructure, industrial and commercial projects. Such positive government policies
encouraging the use of BIM are expected to be one of the major growth drivers of BIM market
globally, over the analysis period.

2015-2022
3.6.3 Growing construction industry

After the effect of recession, the demand in the field of real estate and construction industry
have resurfaced. The construction industry has witnessed rapid growth in the Middle East
and in most of the developing countries of Asia. For instance, in the Middle East region, a
considerable number of key projects have been announced such as King Abdullah Economic
City in Rabigh, which is estimated to cost of around $27 billion; Abu Dhabi Airport
Expansion with a budget allocation of $6.8 billion; a project of $500 million for Presidential
Palace in Al-Ras Al—Akhdar; and over $50 billion worth of other BIM enabled projects. This
would be a significant factor boosting the adoption of BIM technologies in this region.
In addition, some of the key initiatives such as, Make In India and construction of Smart
Cities by Indian government are expected to fuel the growth of the construction industry in
this region. Moreover, the Global Construction Report 2025 has stated that the developing
Asian countries would account for 13.5% of the global construction development in the
coming years. In such a scenario, implementation of BIM would enable increased
productivity, sustainable competitive advantage, considerable reduction in material wastage,
40
and proper management of resources for AEC professionals and construction firms.

2015-2022
3.7 Restraints
3.7.1 High cost of BIM software
One of the factors that restricts the growth of BIM is pricing issues related to the licensing
and subscriptions of various modelling services. BIM solutions are expensive compared to the
traditional modelling solutions such as AutoCAD, which is a major limiting factor for the
market. The process of BIM implementation is not limited to the purchase of software and
solutions, as it needs to be incorporated in the whole process, i.e. from planning stage to
project delivery, which increases the overall cost of implementation. Moreover, small and mid-
sized construction firms prefer AutoCAD solutions to BIM solutions for modeling services due
to the high investment required for the latter. The developed countries, especially the U.S.
and the U.K., have witnessed higher adoption of BIM due to the strong economic conditions.
However, pricing structure is one of the restraining factors of the markets in the developing
markets.
3.7.2 Lack of trained professionals

41 The common issues faced by AEC companies are unviability of trained BIM professionals and
resistance faced by AEC professionals for the adoption of BIM workflow. Moreover, it is
difficult for construction companies to endure the cost incurred in the initial stages of BIM
implementation, which involves training and upgrading employee skills. It is the most
advanced version of modeling software in the market. However, there is lack of awareness
about this software, which results in unavailability of trained AEC professionals. Major BIM
companies, such as Autodesk, Inc., Tremble Navigation Limited, Bentley Systems, Inc., and
others have set up training institutes to promote the penetration of BIM in the market.
Furthermore, government across the world have taken proactive measures to foster skills
development for BIM. For instance, “Building SMARTME” initiative was launched by the
Dubai Government.

2015-2022
3.8 Opportunities
3.8.1 Growing environmental and energy concerns
The BIM market is expected to witness promising growth in the coming years, owing to the
growing environmental and energy concerns arising from the rising number of construction
activities worldwide. The use of “BIM what-if analysis” provides benefits, such as efficient
daylighting shelves, various types of window glazing for the building facades, and increased
efficiency through assorted equipment, which are used for underfloor air distribution system.
This improves the process of energy management by reduction in electricity consumption
used during the construction and maintenance phase of a building.
Furthermore, construction industry is one of the major contributors to environmental

degradation, which includes climate change, rising levels of pollution and carbon emissions.
Government agencies around the globe are keen on implementing regulatory norms to
minimize this effect and have focused towards construction of green buildings for sustainable
development. For instance, there are government mandates for eco-friendly green structures
42 in countries such as the U.S., the U.K., Singapore, and the UAE. These are some of the
factors that are expected to boost the adoption of BIM in future.

2015-2022
CHAPTER 4 WORLD BIM MARKET BY SOLUTION TYPE

4.1 Introduction
Based on solution type, the world BIM market is segmented into software and services.
Companies in the BIM market offer BIM software as well as associated services to the
customers. Companies such as Trimble Navigation Ltd., Nemetschek AG, Bentley Systems,
Inc. are BIM providers. Some of their software are Tekla BIMSight, Graphisoft ArchiCAD,
Bentley Architecture, and Solibri Model Checker while Tekla Warehouse and GRAPHISOFT
BIMcloud among others, BIM Modeling Services are used for construction planning &
monitoring, cost estimation, prefabrication, and others.
4.1.1 Market size and forecast

The software segment was the highest revenue-generating solution type across the globe in
2015. This type is expected to reach $8,949.9 million by 2022, from the 2015 market value of
$2,247.6 million, growing at a CAGR of 22.2% from 2016 to 2022. This segment is also
43 projected to grow at the fastest rate during the forecast period.
TABLE 2 WORLD BIM MARKET REVENUE BY SOLUTION TYPE, 2015–2022

($MILLION)
CAGR%
Solution type 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
Software 2,247.6 2,693.5 3,238.3 3,910.4 4,748.2 5,806.5 7,166.1 8,949.9 22.2
Services 784.4 923.1 1,089.9 1,292.7 1,541.8 1,852.1 2,245.6 2,755.4 20.0
Total 3,032.0 3,616.5 4,328.3 5,203.0 6,289.9 7,658.6 9,411.7 11,705.3 21.6
Source: Primary & Secondary Research and AMR Analysis

2015-2022
4.2 Software
To overcome the complexities in collecting relevant data while working on construction
projects, BIM companies such as Autodesk, Inc., Dassault Systemes SA, and Nemetschek AG
have come up with BIM software to help Architecture, Engineering and Construction (AEC)
professionals in better and effective operational control. The complete customization and
advanced designing features over AutoCAD enhances the USP of BIM software. Some of the
popular BIM software available in the market include Autodesk Revit, Synchro PRO, and
Vectorworks, among others.
4.2.1 Key market trends

BIM has facilitated automation of technical drawings, technology upgradation, minimization
of operation costs, and accessibility throughout project life cycle management. It also has the
capability to align all the construction processes together such as procurement, data
management, which improves overall productivity of the construction projects. BIM has
emerged as a multifunctional software tool in recent years and is offered with customized
44 versions of software such as Autodesk Revit, ProStructures, DESTINI Estimator, and Vico
Office Suite to enhance market share. This software has benefited contractors and building
professionals to improve their revenue margin, save their operating time and provide comfort
to the customers.
4.2.2 Competitive scenario

Competition in the global BIM market is moderate. The market comprises some of the most
renowned brands of BIM software developers such as Beck Technology Ltd., Autodesk Inc.,
Dassault Systemes SA. The market players have launched some highly popular software in
the recent years such as BIM 360 Glue by Autodesk Inc. and Graphisoft BIMcloud by
Nemetschek Group. Major BIM players are focused towards market expansion and constantly
innovate new product features in an effort to strengthen their position.

2015-2022
4.2.3 Key growth factors and opportunities

The need for expansion in untapped areas is likely to foster the market growth for AEC and
BIM companies in the coming years. Construction giants are continuously focused on
reducing the operational costs in an effort to increase the profit margins and at the same time
provide economical solutions to the customers. Furthermore, government agencies from the
U.K. and Singapore among others, through their regulatory support emphasize more on the
adoption of BIM during the planning, designing, and construction phases. For example, the
U.S. government mandated BIM in the construction of commercial projects from the year
2003 and then major countries such as the U.K., Australia, and Singapore followed this
trend.

Europe was the largest revenue-generating market across the globe in 2015. This region is
forecast to reach $2,688.1 million by 2022, from the 2015 market value of $792.3 million,
growing at a CAGR of 19.4% from 2016 to 2022. However, the Asia-Pacific region would
45 constitute the highest CAGR of 29.3% during the forecast period. This region is forecast to
reach $2,939.7 million by 2022, from a market value of $496.8 million in 2015.
TABLE 3 WORLD BIM SOFTWARE MARKET REVENUE BY GEOGRAPHY, 2015–

2022 ($MILLION)
CAGR%
Region 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
North America 776.0 912.1 1,073.0 1,264.0 1,492.1 1,766.6 2,100.6 2,511.4 18.4
Europe 792.3 929.6 1,094.0 1,292.0 1,533.2 1,831.3 2,206.5 2,688.1 19.4
Asia-Pacific 496.8 629.3 799.6 1,020.9 1,311.6 1,698.0 2,219.7 2,939.7 29.3
LAMEA 182.5 222.4 271.7 333.4 411.3 510.6 639.3 810.6 24.1
Total 2,247.6 2,693.5 3,238.3 3,910.4 4,748.2 5,806.5 7,166.1 8,949.9 22.2

2015-2022
4.3 Services
BIM services, which are also called as consultancy services, are technologically advanced BIM
support services provided by various companies. There are various types of services that are
offered in the market such as project planning & project management, MEP services, training
& support services, BIM modeling services, cost estimation & planning. These BIM services
are introduced in the market in order to provide specialized services to the end users of BIM.
These services enable customers to complete operations and perform construction-related
functions according to their need and convenience.

BIM services such as 3D modeling, prefabrication of each component, construction planning
& monitoring, cost estimation, and management of entire project life cycle provide operational
convenience, higher levels of flexibility & customization and support to the customers. BIM
service provider companies offer features that can help customers complete their operations
through smartphone application integrated with BIM software. Services with an improved
46 BIM analytics facility of securing data related to construction documents help construction
companies retain their customers and build long-term relationships based on the services
offered. PTS and MSS help construction companies to achieve a competitive edge over their
competitors while maximizing the revenue and provide secured environment for data
management.

The BIM market in consulting services is highly competitive and has witnessed more number
of players entering into the market, foreseeing the upcoming demand for BIM support
services. Players such as Autodesk Inc. and Dassault Systemes have launched Mac-enabled
versions of their BIM products in order to provide varied services, ease of access, and attract
more number of consumers. eBIM Existing Building Information Modelling (eBIM), National
BIM library analytics service and BIM coordinator+ are some of the revolutionary services
launched recently, which are gaining popularity in the market.

2015-2022

Services in BIM are gaining importance owing to their intelligent features and enhanced
support systems. BIM services offer an increased range of features such as quantity take-offs,
project coordination & collaboration, risk mitigation, logistics planning, asset management,
cost estimation & facility management details into building information models remote
accessibility, real time upgrades, technical assistance as needed, data management and
many more. These can also be accessed through mobile applications of BIM software. In
terms of security, smart BIM services offer better security level for data in use, transactional
utilities, and convenient features compared to other conventional software such as AutoCAD,
in turn boosting its growth in the market.

region is projected to reach $787.2 million by 2022, from the 2015 market value of $299.6
million, growing at a CAGR of 14.9% from 2016 to 2022. However, the Asia-Pacific market is
47 projected to constitute the highest CAGR of 25.6% during the forecast period. This region is
forecast to reach $848 million by 2022, from a market value of $174.6 million in 2015.
TABLE 4 WORLD BIM SERVICES MARKET REVENUE BY GEOGRAPHY, 2015–

2022 ($MILLION)
CAGR%
Region 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
North America 299.6 341.5 389.6 445.0 509.4 585.4 676.1 787.2 14.9
Europe 243.2 283.4 331.5 389.4 460.1 547.4 657.5 799.1 18.9
Asia-Pacific 174.6 215.6 267.0 332.0 414.8 521.5 661.4 848.0 25.6
LAMEA 67.0 82.5 101.8 126.3 157.5 197.7 250.6 321.2 25.4
Total 784.4 923.1 1,089.9 1,292.7 1,541.8 1,852.1 2,245.6 2,755.4 20.0

2015-2022
CHAPTER 5 WORLD BIM MARKET BY SOFTWARE

DEPLOYMENT TYPE
5.1 Introduction
Based on software deployment type, the BIM software market is segmented into on-premise
and cloud. North America has exhibited a widespread adoption of BIM software and solutions
due to high awareness and early adoption. Asia-Pacific and LAMEA are expected to the be the
prominent regions for the growth of BIM market in the coming years. These regions have
strong potential in terms of BIM implementation and developments in infrastructure and
commercial construction sector.

Cloud-based was the highest revenue-generating software deployment type across the globe
in 2015. This segment is expected to reach $6,278.3 million by 2022, from the 2015 market
value of $1,495.7 million, growing at a CAGR of 23.1% from 2016 to 2022. This segment is
48
also forecast to grow at the highest rate during the forecast period.
TABLE 5 WORLD BIM SOFTWARE MARKET REVENUE BY DEPLOYMENT TYPE,

2015–2022 ($MILLION)
CAGR%
Deployment Type 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
Cloud-based 1,495.7 1,807.0 2,189.8 2,664.6 3,259.9 4,015.9 4,991.9 6,278.3 23.1
On-premise 751.8 886.5 1,048.6 1,245.7 1,488.2 1,790.6 2,174.2 2,671.5 20.2
Total 2,247.6 2,693.5 3,238.3 3,910.4 4,748.2 5,806.5 7,166.1 8,949.9 22.2

2015-2022
5.2 On premise
In the on-premise BIM software deployment mode, the BIM software is installed and managed
completely within the company premises. The on-premise mode allows customers to maintain
the workflow without compromising on the security of the entire project. The Initial
investment in the installation process is high but it is paid off in the long run. This
deployment type finds demand among larger enterprises due to effective control over security.

This mode enables the owners to maintain effective security control over the confidential
data. BIM customers incurs huge cost in leasing space, setting up essential hardware and
hiring support personnel. This requires significant investment, which makes the on-premise
deployment an expensive alternative. Thus, only major construction firms with large
customer base can afford this upfront cost. On-premise BIM provides higher data security
compared to cloud based alternative.
49
Players including Bentley Systems Inc., Dassault Systemes SA and Nemetschek AG are
amongst leading suppliers of on premise BIM software and support services. The on-premise
version of BIM is generally preferred by big construction giants because of the high capital
requirement. 3DEXPERIENCE Portfolio On Premise by Dassault Systemes SA and Revit
Architecture by Autodesk Inc. are highly popular amongst AEC professionals and
construction firms.

Growing concerns about security of the data associated in construction projects, which is
highly valuable encourages the construction companies to adopt on-premise solutions. The
bigger firms in the AEC industry such as Autodesk Inc. and Nemetschek AG. provide on-
premise software for their customers in industrial, healthcare, and residential sector. Larger
firms have work force and can invest heavily in the use and maintenance support of this
software, thus these are the target areas for BIM selling companies.

2015-2022
Dependency in services required is one of the factors, due to which companies do not opt for
cloud and continue to use on-premise software. These factors are expected to stimulate the
growth of the on-premise BIM software.

region is forecast to reach $843.4 million by 2022, from the 2015 market value of $289.7
million, growing at a CAGR of 16.6% from 2016 to 2022. However, the Asia-Pacific region
would constitute the highest CAGR of 28.4% during the forecast period. This region is
forecast to reach $845.8 million by 2022, from a market value of $149.8 million in 2015.
TABLE 6 WORLD BIM ON PREMISE SOFTWARE MARKET, BY GEOGRAPHY,

2015–2022 ($MILLION)
CAGR%
Region 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
North America 289.7 336.3 390.4 453.2 526.7 613.6 717.4 843.4 16.6
Europe 259.7 297.9 342.8 396.3 460.7 539.4 637.3 761.9 16.9
50 Asia-Pacific 149.8 188.7 238.5 302.7 386.4 496.7 644.3 845.8 28.4
LAMEA 52.6 63.5 76.9 93.6 114.4 140.9 175.2 220.4 23.0
Total 751.8 886.5 1,048.6 1,245.7 1,488.2 1,790.6 2,174.2 2,671.5 20.2

2015-2022
5.3 Cloud-based
A cloud-based BIM is a type of Software-as-a-Service (SaaS) that is more popular among
SMEs as the prices associated with services, operational costs, licenses & subscription costs,
storage, and bandwidth are lesser, which makes it more convenient and affordable. It is a
software licensing and delivery model that is licenced on usage subscription basis and is
centrally hosted. It is also sometimes referred as on-demand software.

Companies, such as Autodesk Inc. and Nemetschek AG. among others provide Software as a
Service (SaaS) model of BIM. These cloud-based versions are beneficial as these are easily
available with cheaper rates. It is an attractive proposition for SMEs seeking to make the
most of technology available at a lower costs and risks. The initial investment is low and the
total cost of ownership is reduced. The management and operational activities associated to
these services is carried out by third parties. This model functions on the concept of
outsourcing and most companies prefer this model, as it minimize their operation costs and
improves results. Small and medium enterprises are major customers this type of BIM
51
deployment models. Cloud-based BIM developer companies are adding features such as easy
scalability and integration, and real-time upgrades.

The market competition is high in this segment, and large number of BIM developer
companies provide cloud-based BIM solutions. Players such as Autodesk Inc., and Bentley
Systems Inc. are amongst leading suppliers of high-quality cloud-based BIM solutions.
Connect edition software, DEVELOP3D, Fusion360, and Vectorworks Architect are some of
the platforms by leading companies through which AEC firms can access BIM cloud services
as per their convenience and requirement. This segment covers the major portion of market
share and promises prominent growth.

The architecture of cloud computing consists of four-layer application, platform,
infrastructure, and hardware. Opportunities in cloud computing are private clouds, public
clouds, and hybrid clouds. In the recent years, AEC firms have started adopting services from
various service providers such as STRATIS, a private cloud server for Autodesk Revit.

2015-2022
Integrated BIM with cloud computing provides new age features such as e-procurement in the
AEC sector, which enhances the overall productivity of the operations and supply chain,
which in turn results in improved costs savings. Further, it is observed that cloud-based apps
help to improve communication and collaboration between team members on and off site,
thereby enhancing the competitive advantage of AEC firms. In addition, the booming real
estate sector and the increasing adoption of cloud services in the major parts of Middle East
and Asia-Pacific expected to create large opportunities for cloud models.
5.3.4 Market size and forecas t

Europe was the largest revenue-generating region across the globe in 2015. This region is
projected to reach $1,926.2 million by 2022, from the 2015 market value of $532.6 million,
growing at a CAGR of 20.4% from 2016 to 2022. However, the Asia-Pacific market is expected
to constitute the highest CAGR of 29.7% during the forecast period. This region is forecast to
reach $2,093.9 million by 2022, from a market value of $347 million in 2015.
TABLE 7 WORLD BIM CLOUD-BASED SOFTWARE MARKET, BY GEOGRAPHY,

52 2015–2022 ($MILLION)
CAGR%
Region 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
North America 486.3 575.8 682.6 810.8 965.4 1,153.0 1,383.2 1,668.0 19.4
Europe 532.6 631.7 751.2 895.7 1,072.5 1,291.9 1,569.2 1,926.2 20.4
Asia-Pacific 347.0 440.6 561.1 718.2 925.2 1,201.4 1,575.4 2,093.9 29.7
LAMEA 129.9 158.9 194.8 239.8 296.8 369.6 464.0 590.2 24.5
Total 1,495.7 1,807.0 2,189.8 2,664.6 3,259.9 4,015.9 4,991.9 6,278.3 23.1
TABLE 8 DIFFERENCE BETWEEN CLOUD-BASED AND ON-PREMISE BIM

SOFTWARE MODELS
Cloud-Based BIM On-Premise BIM
No installation space required Installation space required
Investment as per usage High initial investment
External data handling Corporate data is handled internally
Security concerns More secure
On demand software Total control
Preferred by SMEs Preferred by large companies
No manpower required Manpower is required

Source: AMR Analysis

2015-2022
CHAPTER 6 WORLD BIM MARKET BY END USER

6.1 Introduction
The world BIM market comprises architects, engineers, contractors, consultants and home
owners in the end user segment. These AEC professionals require BIM software and support
solutions throughout the project life cycle management of the construction project. The
software enables a collaborative platform between these users which improves the overall
interoperability and coordination. Currently, the architect/engineer segment constitutes the
major revenue share.

The segment comprising architects & engineers was the highest revenue-generating end user
segment across the globe in 2015. This segment is expected to reach $5,283.8 million by
2022, from the 2015 market value of $1,552.1 million, growing at a CAGR of 19.4% from
2016 to 2022. However, the contractor segment is projected to constitute the highest CAGR of
53 23.8% during the forecast period. This segment is forecast to reach $5,128.1 million by 2022,
from a market value of $1,172.8 million in 2015.
TABLE 9 WORLD BIM MARKET REVENUE BY END USER, 2015–2022

($MILLION)
CAGR%
End User 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
Architects/Engineers 1,552.1 1,821.7 2,144.1 2,533.2 3,008.0 3,595.2 4,334.0 5,283.8 19.4
Contractor 1,172.8 1,424.0 1,734.9 2,122.9 2,612.4 3,238.0 4,050.6 5,128.1 23.8
Others 307.0 370.8 449.3 546.9 669.5 825.4 1,027.1 1,293.4 23.2
Total 3,032.0 3,616.5 4,328.3 5,203.0 6,289.9 7,658.6 9,411.7 11,705.3 21.6

2015-2022
FIG. 8 DIFFERENCE BETWEEN TRADITIONAL AND BIM BASED

CONSTRUCTION MODEL
Source: Company Annual Reports and AMR analysis
6.2 Architects/Engineers
54 Architects and engineers provide services such as planning, designing and managing
construction projects, under the contracts from professional builders, and AEC firms. These
individuals also use the BIM solutions for their individual use.

BIM enables architects and engineers to create and communicate design intent and
understand performance, appearance & required capital at early stages in the building design
process. Autodesk Revit is one of the software which provides architects the tool to easily
capture and analyse design concepts. Also, it maintains and coordinates the reliable design
data through documentation and construction process more accurately. BIM has become the
tool of choice for many architects because of features such as 3D printing, which enables
them to represent construction models in an effective manner. Companies such as Autodesk,
Inc. provide Mac-enabled features for BIM software, which increases the penetration of these
software among these end users.

2015-2022

Emerging economies are showing prominent growth for BIM, thus providing future
opportunities for architects/engineers in India and China. For instance, Tremble Buildings
with Tekla Corporation launched end-to-end design-build-operate (DBO) lifecycle in India and
Autodesk plans to set-up offices in Kolkata. In the future, complexity of the construction
projects would increase and architects would need the software like BIM to predict the project
costs. Aggregated knowledge management and advanced analytics will improve assessments
of existing conditions. Increased leverage of mobile apps, cloud driven transformations, rise in
data-driven productivity, improved communication and handover of the project are some
future advancements that will benefit these professionals.

market is projected to reach $1,474.5 million by 2022, from 2015 market value of $564.2
55 projected to constitute the highest CAGR of 25.9% during the forecast period. This market is
projected to reach $1,854.9 million by 2022, from a market value of $376.9 million in 2015.
TABLE 10 WORLD BIM MARKET REVENUE BY ARCHITECTS/ENGINEERS BY

GEOGRAPHY, 2015–2022 ($MILLION)
CAGR%
Region 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
North America 564.2 643.8 734.8 840.1 962.5 1,105.8 1,275.0 1,474.5 14.8
Europe 490.1 568.2 660.4 769.7 900.1 1,058.5 1,254.9 1,504.4 17.6
Asia-Pacific 376.9 465.4 576.3 716.6 896.7 1,130.4 1,438.6 1,854.9 25.9
LAMEA 121.0 144.3 172.5 206.8 248.7 300.6 365.5 450.1 20.9
Total 1,552.1 1,821.7 2,144.1 2,533.2 3,008.0 3,595.2 4,334.0 5,283.8 19.4

2015-2022
6.3 Contractor
A contractor is the person or a company that agrees upon to monitor the construction project
on a day-to-day basis and arranges to supply materials or workers for building or for moving
goods to the contractee. Contractors use BIM services through developers and also on their
own.

BIM provides contractors with a visual communication that helps to assist the stakeholders
involved in the project. Contractors find this system beneficial especially because it utilizes
information associated with the project during a tender process. Incorporation of this data
into one model has improved their ability to demonstrate the client how they intent to
perceive this project. Preparation of the model within the tender processes has provided
contractors basis to understand and challenge the designer’s detail. Also, there has been
crucial developments for contractors such as launch of ‘AS-BUILT MODEL’ solutions and
product launch such as GoBIM and ProductXChange by CoBuilder UK. It has also added
56 thoughts and ideas to greater supply chain, thereby boosting the growth of the market.

A wide variety of features and consumer preference towards BIM services are important
drivers for this market. In the coming years, it would provide the ability to abstract materials
requirement from the projected construction model. This will enable the contractors to
accurately measure and quantify the elements of the structure than previously available. It
will highlight the areas where risks are prominent within the build. With mobile mapping
technology it will be able to check for the clashes in the construction phases. Preference of
integrated BIM and demand among contractors has a significant presence in developed
economies such as the U.S., Germany, Japan, and others.

2015-2022

Europe was the largest revenue-generating region across the globe in 2015. This market is
projected to reach $1,598.1 million by 2022, from the 2015 market value of $434.8 million,
growing at a CAGR of 20.8% from 2016 to 2022. However, the Asia-Pacific market is projected
to constitute the highest CAGR of 31.2% during the forecast period. This region is forecast to
reach $1,543.5 million by 2022, from a market value of $234.7 million in 2015.
TABLE 11 WORLD BIM MARKET REVENUE BY CONTRACTORS BY GEOGRAPHY,

2015–2022 ($MILLION)
CAGR%
Region 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
North America 397.0 474.4 567.1 678.4 812.8 977.1 1,180.9 1,441.1 20.3
Europe 434.8 514.9 611.8 730.4 877.4 1,061.6 1,296.0 1,598.1 20.8
Asia-Pacific 234.7 302.6 391.2 507.8 662.4 869.7 1,152.0 1,543.5 31.2
LAMEA 106.3 132.2 164.9 206.4 259.9 329.6 421.7 545.5 26.6
Total 1,172.8 1,424.0 1,734.9 2,122.9 2,612.4 3,238.0 4,050.6 5,128.1 23.8
57 6.4 Others
This segment consists of owners and consulting firms as BIM users. An owner is a person
concerned with the building, renovating, and re-lease existing building. ‘Individuals’
considered as ‘owners’ within this segment are those who directly buy BIM software and
either hire AEC professionals to work on it or outsource the services from the solution
providers. Other construction contractors (owners) who work in coordination with solution
providers are not considered within this segment as they are not the direct buyers of BIM
software.

BIM is the workflow that felicitates owners through the entire project management system.
Owners are able to effectively market their projects by showing virtual prototypes to buyers.
Recent developments such as launch of FM and BIM Connection Service by IMAGINiT
Technologies and development of new guidelines by National Institute of Building Sciences
(NIBS) are the factors that would enhance BIM implementation among owners.

2015-2022
With the implementation of BIM owners are able to expect and guarantee high quality of
work, reducing the possibilities of conflicts & errors in the actual construction phase and the
benefits such as costs savings and effective resource management makes BIM a profitable
proposition for owners. With BIM it is now easier to predict problems at every stage of the
construction projects.
6.4.2 Key growth factors and opportunit ies

BIM provides certainty in exactly predicting future funding of projects, enabling owners to
engage with the different stakeholders throughout the supply chain and plan investments in
a secured way. In the developing countries such as India and China where real estate is
booming, owners can leverage on these advantages providing huge scope for the growth of
BIM. Major players in this market are focused to launch innovative products for the end user
segments such as introduction of BIMobject, a software platform, which has provided ease of
operation in PCM/PIM-based content management system in infrastructure projects. In
addition, recent developments in construction sectors and strong economic growth of
developing nations is a stimulating factor for the growth of this market.
58

region is projected to reach $383 million by 2022, from 2015 market value of $114.4 million,
growing at a CAGR of 18.9% from 2016 to 2022. However, the Asia-Pacific market is projected
to constitute the highest CAGR of 31% during the forecast period. This region is forecast to
reach $389.3 million by 2022, from a market value of $59.9 million in 2015.
TABLE 12 WORLD BIM MARKET REVENUE BY OTHER USERS BY GEOGRAPHY,

2015–2022 ($MILLION)
CAGR%
Region 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
North America 114.4 135.5 160.7 190.5 226.2 269.1 320.8 383.0 18.9
Europe 110.5 130.0 153.2 181.4 215.8 258.7 313.1 384.8 19.8
Asia-Pacific 59.9 76.9 99.2 128.5 167.3 219.5 290.6 389.3 31.0
LAMEA 22.3 28.4 36.3 46.5 60.1 78.2 102.6 136.3 29.9
Total 307.0 370.8 449.3 546.9 669.5 825.4 1,027.1 1,293.4 23.2

2015-2022
CHAPTER 7 WORLD BIM MARKET BY VERTICAL

7.1 Introduction
Based on vertical (construction type), the BIM market is segmented into commercial,
industrial, infrastructure, and institutional sectors. BIM solutions find wide application in the
commercial, infrastructure and industrial construction projects, due to government mandates
and the strong financial investments in these projects.
FIG. 9 BIM MARKET BY INDUSTRY VERTICAL
59
Source: Secondary Research & AMR Analysis

Commercial was the highest revenue-generating vertical across the globe in 2015. This
segment is expected to reach $4,139 million by 2022, from 2015 market value of $970.4
million, growing at a CAGR of 23.3% from 2016 to 2022. However, the infrastructure segment
would constitute the highest CAGR of 23.9% during the forecast period. This segment is
TABLE 13 WORLD BIM MARKET REVENUE BY INDUSTRY VERTICAL, 2015–

2022 ($MILLION)
CAGR%
Vertical 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
Commercial 970.4 1,180.1 1,437.2 1,755.0 2,151.6 2,652.7 3,296.0 4,139.0 23.3
Residential 274.1 329.9 398.5 483.5 589.9 724.9 899.0 1,128.4 22.7
Institutional 410.5 468.9 537.4 618.7 716.2 835.1 982.8 1,170.5 16.5
Industrial 631.5 731.7 850.7 993.4 1,166.5 1,379.7 1,647.1 1,989.9 18.1
Infrastructure 745.4 905.8 1,104.4 1,352.5 1,665.7 2,066.2 2,586.7 3,277.5 23.9
Total 3,032.0 3,616.5 4,328.3 5,203.0 6,289.9 7,658.6 9,411.7 11,705.3 21.6

2015-2022
7.2 Commercial
Commercial construction projects are structures that intend to house commercial activities or
those structures that are located on a property in commercial economic zones. This segment
covers all forms of construction fields that are present in the market, which includes
commercial spaces such as hotels, office spaces, sport complex, entertainment, and others.
The commercial sector has vast applications of BIM solutions, particularly in developing
countries where special economic zones are on the rise.

BIM is proving efficient in improving off-site fabrication of plumbing, ducts & electrical
assemblies, production of elements and reduction in installation time in the field. This is
helping in costs reduction. Currently, level 2 BIM, an upgrade in the BIM workflow is
facilitating BIM protocol that improves the integration of documents and construction
contracts in commercial projects, suppliers find it their preferred method of delivery because
of better co-ordination of design and project information. BIM is finding useful during
60 designing phase as it allows optimum space utilisation. Architects, engineers, and
contractors are turning towards BIM to increase return on investment (ROIs), reduce
materials wastage and construction costs.

The market in developed economies including North America and Europe is highly
competitive. Players have focused on high-quality BIM services such as 5D modeling services,
mobile-enabled services, and cloud-based services to attract more number of customers and
gain competitive advantage. The Asian market including China, Japan, and others comprise a
large number of small and big companies of BIM. Major companies that develop and provide
BIM services in the Asia-Pacific market include, Bimfinity Asia Pte Ltd, NovaBIM Limited,
BIMASIA, Nemetschek AG., and others.

2015-2022

According to the 2014 RICS “International BIM implementation guide”, targets have been set
for BIM adoption in developed countries such as U.K., Australia, Hong Kong, and Singapore.
Specialized machines have major adoption in developed countries. Along with this, the U.K.
government has stated that all commercial construction projects should be delivered with the
use of BIM by 2016. However, the adoption of BIM has been increasing in emerging
economies by the construction companies to increase their profit margin. In addition, sectors
such as retail are also adopting BIM for its complex planning applications. The U.S., Europe,
and Japan have imposed stress on eco-friendly green structures, owing to global warming,
which increasing the adoption of BIM.

region is forecast to reach $1,204.2 million by 2022, from 2015 market value of $350.8
61 expected to constitute the highest CAGR of 30.6% during the forecast period. This region is
TABLE 14 WORLD COMMERCIAL CONSTRUCTION BIM MARKET REVENUE BY

CAGR%
Region 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
North America 350.8 416.7 495.0 588.4 700.4 835.7 1,000.6 1,204.2 19.3
Europe 330.0 394.6 472.1 565.2 678.0 816.8 990.5 1,211.5 20.6
Asia-Pacific 213.3 274.3 353.1 456.0 591.9 773.1 1,018.6 1,358.6 30.6
LAMEA 76.4 94.5 117.0 145.3 181.2 227.1 286.4 364.6 25.2
Total 970.4 1,180.1 1,437.2 1,755.0 2,151.6 2,652.7 3,296.0 4,139.0 23.3

2015-2022
7.3 Residential
Residential construction projects are structures that are built for living, domestic or any form
of non-professional purpose. Normally, these projects are situated in non-industrial areas.
The residential sector has a huge scope for application of BIM services, as it is mostly
untapped.

Lack of awareness about BIM coupled with the high price has restricted its adoption in the
residential sector over the years. However, this scenario is changing as smaller firms in
residential construction are gradually adopting BIM solutions. Moreover, the increasing
environmental awareness among the construction companies as well as their end customers,
is also facilitating the adoption of BIM as this technology helps to reduce waste and carbon
emissions. Several construction firms in the U.S. and Canada have started to use Revit for
residential construction to reduce waste and carbon emissions.
62
The competition in this segment is moderate with major players such as Autodesk, Inc. and
Bentley Systems Inc. leading in this segment. Some of the major players are actively engaged
to provide services in the residential sector. For instance, Allplan Group, a company managed
by Nemetschek AG introduced Allplan 2013 for residential constructions. This segment is still
majorly untapped with poor awareness among consumers, low margins, and lack of demand
being some of the reasons behind low intensity of competition.

The penetration of BIM for residential constructions is weak as smaller firms and individuals
are still reluctant to use BIM solutions. The factors such as increased productivity through
structured information, building analysis and 3D simulation capabilities, increase in the
disposable income from developed and developing nations, supportive government regulations
due to high carbon emission, and better structural designs in building of smart & green
homes would facilitate the growth for this market. Construction professionals prefer BIM
mostly to demonstrate the building plan to their clients.

2015-2022

region is projected to reach $333.8 million by 2022, from the 2015 market value of $105.9
forecast to reach $361.1 million by 2022, from a market value of $57.6 million in 2015.
TABLE 15 WORLD RESIDENTIAL CONSTRUCTION BIM MARKET REVENUE BY

CAGR%
Region 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
North America 105.9 124.3 145.8 171.2 201.4 237.5 281.3 333.8 17.9
Europe 90.8 107.7 128.2 153.3 184.3 223.1 272.6 337.2 20.9
Asia-Pacific 57.6 73.6 94.4 121.6 157.6 205.7 270.9 361.1 30.4
LAMEA 19.8 24.4 30.1 37.4 46.6 58.6 74.2 96.4 25.8
Total 274.1 329.9 398.5 483.5 589.9 724.9 899.0 1,128.4 22.7
63

2015-2022
7.4 Infrastructure
BIM has widespread applications in the infrastructure sector, which includes rail, roads,
dams, bridges, and all public works construction projects. Generally, due to large
investments and complex constructions, these projects are monitored closely at every stage of
project life cycle. Features of BIM such as real-time assessment, remote management through
cloud-based solutions, and time & cost savings are increasing the demand for BIM for such
constructions.

Latest developments in BIM software such as mobile-enabled applications, prediction, and
estimates of project costs and easy accessibility of user platform has enabled AEC
professionals to maximize the gains and reduce risks and mitigation associated with
construction projects. In addition to this, the government mandate to use BIM for all public
works projects in countries such as the U.K., U.S., and Singapore has fostered the growth of
this market.
64

Major companies such as Autodesk, Inc. and Bentley Systems Inc. offer a variety of products
in this segment. The intense competition has attributed to more players and large profit
margins. Countries such as Germany, the U.K., and the U.S. have higher adoption rate
because of government mandates and increased awareness. For instance, Germany’s
Transport Ministry and Spain’s Ministry of Infrastructure has taken some key initiatives to
increase the use of BIM in infrastructure projects in their countries.
The BIM market players are forming partnership with construction companies to increase
their sales. For instance, in 2013, Autodesk Inc. entered into a partnership with Tata
Consulting Engineers Ltd. As per this partnership, Tata Construction uses the company’s
Building Design Suite and Infrastructure Design Suite to improve the return on investments
(ROIs) in power, chemical, and infrastructure building projects.

2015-2022

Rapid urbanization, economic growth and increasing government spending have resulted into
rapid growth of infrastructure construction across the world. Especially, the BRIC countries
are exhibiting increased spending on public projects across the world. Features of BIM such
as proper asset management, clash detection, and reduction in post construction rework
have led to a significant demand for BIM software. Developed countries have demonstrated an
increased adoption of BIM in the infrastructure sector due to government regulations
pertaining to BIM mandates. However, developing countries in the Asia-Pacific region such as
India and China would constitute for majority of the market share due to rising rate of
construction.

Europe was the largest revenue-generating region across the globe in 2015. This region is
projected to reach $991.1 million by 2022, from 2015 market value of $257.8 million, growing
at a CAGR of 21.6% from 2016 to 2022. However, the Asia-Pacific market would constitute
65 the highest CAGR of 30.4% during the forecast period. This region is projected to reach
$1,081.6 million by 2022, from a market value of $172.3 million in 2015.
TABLE 16 WORLD INFRASTRUCTURE CONSTRUCTION BIM MARKET REVENUE

BY GEOGRAPHY, 2015–2022 ($MILLION)
CAGR%
Region 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
North America 251.9 299.5 356.3 424.2 506.1 605.8 728.4 881.7 19.7
Europe 257.8 307.3 367.5 441.6 533.5 649.2 797.3 991.1 21.6
Asia-Pacific 172.3 220.3 282.7 364.2 471.9 615.9 811.3 1,081.6 30.4
LAMEA 63.4 78.6 97.9 122.5 154.1 195.3 249.7 323.2 26.6
Total 745.4 905.8 1,104.4 1,352.5 1,665.7 2,066.2 2,586.7 3,277.5 23.9

2015-2022
7.5 Institutional
Construction projects related to the educational facilities, biomedical research facilities,
campus buildings, or healthcare and research facilities are included in this segment. These
structures are generally complex and require proper user interface to implement designs,
multiple building systems, technology, life safety features, and incorporate raw material
requirements.

Hospital buildings have various healthcare facilities for patients and construction of these
structures is a complex process. Virtual Design and Construction (VDC) efficacies simplifies
the implementation of BIM. BIM also facilitates ease of planning in spatial requirements and
equipment layouts for various diagnostic and health treatment requirements. BIM develops a
virtual porotype of the project, which assists in the construction of facilities for differently
abled individuals. It also ensures conformity with all the required standards during the
construction process, thereby ensuring adherence to the strict construction norms for the
66 different institutions such as research, healthcare, and educational facilities.

BIM has been widely adopted in North America and Europe for the construction of
institutional buildings. Companies such as Autodesk, Inc., Nemetschek Group and Bentley
Systems, Inc. are the major players operating worldwide in this industry. However, the
awareness and government regulations, encouraging the adoption of BIM are limited in
developing regions as compared to the developed markets such as North America. Autodesk,
Inc. has introduced a computational fluid dynamics (CFD) technology to effectively control
airflow and thermal performance within the complex healthcare facilities.

In the healthcare sector, BIM has a high industry scope as it provides a detailed plan of
construction according to the government norms and standards. Research facilities and
educational buildings need to be equipped with safety measures for every structure and this
should be implemented with high precision due to the high cost involved.

2015-2022
These structures are involved with a large number of diagnostic, therapeutic, and life-support
medical equipment that are expensive and needs to be implemented with huge care, thus
initiative such as COBie (Construction Operations Building Information Exchange) are used.
The U.S. and European countries have already adopted BIM software in this sector and
developing nations in Asia such as China and India are expected to show prominent growth
rate.
7.5.4 Market size and forecas t

region is projected to reach $333 million by 2022, from 2015 market value of $150.2 million,
growing at a CAGR of 12.1% from 2016 to 2022. However, Asia-Pacific region would
constitute the highest CAGR of 23.6% during the forecast period. This region is forecast to
TABLE 17 WORLD INSTITUTIONAL CONSTRUCTION BIM MARKET REVENUE BY

67 GEOGRAPHY, 2015–2022 ($MILLION)
CAGR%
Region 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
North America 150.2 167.7 187.1 209.0 233.7 261.8 294.5 333.0 12.1
Europe 142.2 159.1 178.6 201.4 228.4 260.9 300.8 350.9 14.1
Asia-Pacific 82.7 100.2 122.0 149.0 183.1 226.7 283.1 357.9 23.6
LAMEA 35.5 41.9 49.7 59.3 71.0 85.7 104.4 128.7 20.5
Total 410.5 468.9 537.4 618.7 716.2 835.1 982.8 1,170.5 16.5

2015-2022
7.6 Industrial
BIM is the modeling software used for the purpose of digital representation in the design,
planning and maintenance phases of the construction projects. The scope and application of
BIM in the industrial sector is enormous and consists of defense & aerospace,
manufacturing, wastewater management, and others. The upward trend of industrialization
in developing economies such as India, China, and Brazil, and awareness among developed
nations such as the U.S. and the U.K. would facilitate the market growth.

BIM is known for its features such as multidimensional modeling, facilities management and
collaboration of construction processes & AEC professionals on one platform. Revit
Architecture, Revit Structure, and Revit MEP are few of the software that are used to create
highly accurate and precise dimensions of the construction materials used in walls, floors,
slabs, columns, and fixtures. In addition, Dassault Systemes SA has introduced cloud-
enabled services for this sector to provide data and resource sharing for all of its software.
This has initiated a trend for improved cost structures to minimize construction overheads,
68
raw materials wastage and losses due to inefficient forecasts in industrial projects.

Being a market leader in the BIM market, Autodesk, Inc., has a strong global presence and
holds the majority of the market share. Companies such as Bentley Systems Inc., which
offers variety of products and services for industrial sector such as BIM for flood defence
development and Department of National Defence, of Canada, also use Autodesk Revit-DND
Universal Design for construction purposes. There are many opportunities for emerging
markets and this makes the market for BIM an attractive business opportunity.

Although the growth rate of industrial constructions is steady in developed region, the
developing regions are exhibiting a rapid growth in construction of industrial facilities. The
Government mandates in countries such as the U.K., Singapore, and U.A.E. among others for
BIM implementation in construction projects would further propel the growth for this market.
In addition, projects such as Make in India and inclusion of BIM in 12th five-year plan of
China would lead to a greater adoption from developing economies.

2015-2022

region is projected to reach $546 million by 2022, from the 2015 market value of $216.6
projected to reach $628.4 million by 2022, from a market value of $145.6 million in 2015.
TABLE 18 WORLD INDUSTRIAL CONSTRUCTION BIM MARKET REVENUE BY

CAGR%
Region 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
North America 216.6 245.5 278.4 316.1 359.9 411.1 472.1 546.0 14.2
Europe 214.7 244.4 279.0 320.0 369.1 428.8 502.8 596.6 16.0
Asia-Pacific 145.6 176.4 214.5 262.0 321.8 398.2 497.2 628.4 23.6
LAMEA 54.6 65.4 78.8 95.2 115.7 141.7 175.1 218.9 22.3
Total 631.5 731.7 850.7 993.4 1,166.5 1,379.7 1,647.1 1,989.9 18.1
69

2015-2022
CHAPTER 8 WORLD BIM MARKET BY GEOGRAPHY

Geographically, the BIM market is divided into four major regions including North America,
Europe, Asia-Pacific, and LAMEA. North America dominates the market in terms of value,
however, Asia-Pacific and Europe are expected to surpass North America by 2022.
8.1 North America

North America includes the U.S., Canada, and Mexico. North America led the global market
in terms of BIM adoption due to awareness and government regulations. Factors such as
technological advancements and emergence of new business models are some of the key
contributors to the rapid growth of BIM in this region.

North America constitutes the highest share owing to early adoption of technology and the
supportive government mandates. For instance, in 2006, General Services Administration
70 (GSA), U.S, mandated the use of BIM in the design stage for all new buildings designed
through its Public Buildings Service (PBS). Further, the increase in the size of cloud
computing capacity, revolution in mobile applications, need of low carbon constructions to
reduce the GHG (greenhouse gas) emissions have increased the overall demand for such
technologies in the region.
BIM is being used across all the construction sectors in the region, with Commercial and
infrastructure sectors being the major demand-generating sectors for the BIM software and
services market in the region. In 2015, commercial sector contributed nearly 32% of the BIM
market revenue in the region, followed by infrastructure sector, which accounted for around
23% of the market revenue. The two sectors are anticipated to be the leading sectors over the
next 4-5 years, collectively generating over 60% of the North American BIM market revenue
by 2022.

2015-2022

The market for BIM in North America is highly competitive. BIM players operating in this
region includes, Autodesk Inc., Dassault Systemes SA and Nemetschek Group, which are the
market leaders in this region. The launch of BIM production services in California and
Nevada by U.S. CAD, which is one of the major resellers of Autodesk, Inc. would help
Autodesk in expanding its customer base. Growing real estate & construction industry and
technological advancements are some major factors that enabled growth of BIM market in
this region. Government regulations in this region to mandate BIM proved strong suit for BIM
industry. Advanced features such as BIM 360, Mac-enabled applications and improved BIM
standards have helped companies gain competitive advantage over others.

The market in the region would be driven by the ongoing technological advancements in the
products offered by the players’ operating in the market, the supportive government policies,
increasing environment awareness and the growing real estate industry. With growing rate of
71 real estate in retail, healthcare, entertainment, and industrial sectors, the businesses are
finding it difficult to integrate multiple services during the process of planning, designing and
construction. BIM solutions are helping such sectors to provide better services to the
customers.
Advancements in various services such as pre-fabrication process, spatial co-ordination,

integrated model data with O&M would drive the market in the North American region.
Companies such as Autodesk have introduced BIM applications, which provide 360 degrees
experience. Apple has initiated a platform for a number of BIM applications, from companies
such as Nemetschek AG., Trimble Navigation Limited, Bentley Systemes Inc. and Autodesk,
Inc. which enables users to use BIM services easily and in a more secured manner.
Further, the Standards set by National BIM Standard-United States, cost estimation &
project management services offered through cloud and increased return on investment
reported by AEC firms also work as a catalyst in the growth of BIM in North America.

2015-2022

Architect/engineer was the highest revenue-generating end user segment in the region in
2015. This segment is expected to generate revenue of $1,474.5 million by 2022, from the
2015 market value of $564.2 million, growing at a CAGR of 14.8% from 2016 to 2022.
However, the contractor segment is projected to constitute the highest CAGR of 20.3% during
the forecast period. This segment is projected to reach $1,441.1 million by 2022, from a
market value of $397 million in 2015.
TABLE 19 NORTH AMERICAN BIM MARKET REVENUE BY END USER, 2015–

2022 ($MILLION)
CAGR%
End user 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
Architects/Engineers 564.2 643.8 734.8 840.1 962.5 1,105.8 1,275.0 1,474.5 14.8
Contractor 397.0 474.4 567.1 678.4 812.8 977.1 1,180.9 1,441.1 20.3
Others 114.4 135.5 160.7 190.5 226.2 269.1 320.8 383.0 18.9
Total 1,075.6 1,253.7 1,462.6 1,709.0 2,001.5 2,352.0 2,776.7 3,298.6 17.5
72

2015-2022
8.2 Europe
Europe includes growing markets such as the U.K, Germany, Italy, France, Spain, and the
Netherlands. Government regulations and willingness of the construction professionals to
adopt BIM solutions on account of its superior benefits and environmental awareness has
been driving the market growth in this region.

The European economy is slowly recovering since the economic slowdown of 2009.
Government regulations in the AEC industry have initiated the growth of BIM solutions in
this region. For instance, the U.K., the government has mandated the use of electronic tools
such as BIM for public projects, to modernize, and improve the public procurement
processes. The U.K. government is also taking efforts to reduce the carbon emissions as per
EU carbon commitments.
In 2015, commercial sector dominated the BIM market in Europe accounting for 32% of the
73 market revenue, followed by infrastructure sector. These two sectors are anticipated to grow
at remarkable rates during the forecast period, constituting nearly 63% market share by
2022. In 2015, architects/engineers were the leading end user segment in Europe,
constituting nearly 47% of the total revenue generated by the region. However, contractors
would witness exponential growth during the forecast period, and would surpass the
architects segment by 2020.

Competition in the European BIM market is intense. The market comprises some of the most
renowned brands of BIM companies such as Trimble Navigation Limited, Nemetschek AG and
Pentagon Solutions Ltd. Moreover, the market has witnessed the entry of some of the
renowned players to the BIM industry such as Synchro Software Ltd. and Asite Solutions, in
recent years. Tekla Corporation, now known as Trimble Navigation Limited, a leading player
in the European BIM market has focused towards market extension and has strengthened its
production capacity in order to strengthen its foothold in the market.

2015-2022

Governments in different countries in the region are adopting and promoting new building
mechanisms to change the way of construction in the AEC industry. For instance, the
German Ministry of Transport and Digital Infrastructure, introduced digital building platform
[Platform Digitales Bauen], whereby processes and device descriptions will be standardized,
thereby improving interoperability of building life cycle. The U.K. government has established
“BIM Task Group” to promote the BIM adoption across the government as per Government
Construction Strategy. The Italian government has taken initiatives to use BIM to restore
historical structures.

Architect/Engineer was the highest revenue-generating end user segment in 2015. This
segment is expected to reach $1,504.4 million by 2022, from the 2015 market value of $490.1
million, growing at a CAGR of 17.6% from 2016 to 2022. However, the segment of contractors
would constitute the highest CAGR of 20.8% during the forecast period. This segment is
74 forecast to reach $1,598.1 million by 2022, from a market value of $434.8 million in 2015.
TABLE 20 EUROPEAN BIM MARKET REVENUE BY END USER, 2015–2022

($MILLION)
CAGR%
End user 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
Contractor 434.8 514.9 611.8 730.4 877.4 1,061.6 1,296.0 1,598.1 20.8
Others 110.5 130.0 153.2 181.4 215.8 258.7 313.1 384.8 19.8
Total 1,035.4 1,213.1 1,425.5 1,681.4 1,993.3 2,378.7 2,863.9 3,487.2 19.2

2015-2022
8.3 Asia-Pacific
Asia-Pacific includes countries such as China, Japan, India, Singapore, Australia, and
others. These countries have adopted BIM solutions owing to technological advancements
and emergence of new business models.

Asia-Pacific is expected to be one of the leading markets of BIM in the coming years,
surpassing North America and Europe. Presently, the adoption of BIM technology is limited in
the Asia-Pacific region, owing to low awareness and the high costs. However, the rapidly
increasing construction sector in countries such as China and India would present lucrative
market opportunities in the coming years. Furthermore, there has been an increasing trend
of adoption of advanced technologies such as BIM in the commercial and infrastructure
construction sector by contractors as well as architects/engineers in the region. Supportive
government regulations mandating the use of BIM in commercial construction projects in
countries such as Singapore, are also acting as key growth facilitators. Increasing number of
75 experienced professionals preferring BIM due to its numerous benefits is likely to foster the
growth of BIM in Indian, Chinese, and Australian markets.
The BIM market in the region is dominated by the commercial construction sector,
accounting for over 30% of the market revenue throughout the analysis period. From a
growth perspective, Residential and infrastructure construction sectors would be the most
lucrative sectors for the BIM market.
In 2015, architects/engineers was the leading end user segment in Asia-Pacific, constituting
nearly 56% of the total revenue generated by the region. However, the segment of contractors
would witness exponential growth during the forecast period, and would constitute nearly
41% share in revenue generation by 2022.

2015-2022

The region comprises large number of buyers as compared to suppliers. The emerging
economy of Asia-Pacific market offers prominent growth for BIM owing to the rapid
development in the AEC sector and constantly increasing GDP compared to other developed
nations.
In addition to this, Autodesk, Inc., plans to offer its diversified range of services such as
launch of its Autodesk 2015 Design Suites, partnership of Bentley Systems, Inc., with S-Cube
Futuretech Pvt. Ltd. to expand its operations in India Bentley Systems Inc. entered into
partnership with S Cube Futuretech Pvt. Ltd. to expand its operations in India. These factors
have managed to attract major players such as Autodesk Inc., Bentley Systems Inc. and
Nemetschek AG. for market expansion in this segment in this region. Also, technological
advancements and awareness for BIM are stimulating factors for the growth of this market.

76 The growth of BIM technologies is prominent in this region owing to the booming construction
sector. The boom in the retail sector as well as emerging infrastructures in this region can
prove to be a key factor facilitating the growth of the segment in this region. Governments in
various countries are developing regulations to mandate the adoption of BIM for
constructions. For instance, Japan, South Korea, and Singapore have mandated the usage of
BIM for public buildings. Nemetschek AG has signed a Three-years contract with Singapore
Institute of Architects (SIA) to create awareness and improve architectural skills in Singapore.
Countries such as Singapore have developed strategies to implement BIM widely, in alliance
with Building and Construction Academy (BCA) Singapore. Australia is hugely untapped
market, providing a large opportunity to market players. Initiatives such as “Open BIM
Alliance of Australia” are being taken by “Building Smart” organisation. Increasing
urbanization in India and exponential growth in the AEC sector have led to a huge demand
for such automated technologies. Technological advancements and innovative product
launches would create growth opportunities in the Asia-Pacific market.

2015-2022

Architect/Engineer was the highest revenue-generating end user segment across in 2015.
This segment is expected to reach $1,854.9 million by 2022, from 2015 market value of
$376.9 million, growing at a CAGR of 25.9% from 2016 to 2022. However, the contractor
segment is expected to constitute the highest CAGR of 31.2% during the forecast period. This
segment is forecast to reach $1,543.5million by 2022, from a market value of $234.7 million
in 2015.
TABLE 21 ASIA-PACIFIC BIM MARKET REVENUE BY END USER, 2015–2022

($MILLION)
CAGR%
End user 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
Contractor 234.7 302.6 391.2 507.8 662.4 869.7 1,152.0 1,543.5 31.2
Others 59.9 76.9 99.2 128.5 167.3 219.5 290.6 389.3 31.0
Total 671.5 844.9 1,066.7 1,352.9 1,726.4 2,219.6 2,881.2 3,787.6 28.4
77

2015-2022
8.4 Latin America, Middle East and Africa (LAMEA)

LAMEA includes countries from Latin America, Middle East, and Africa. These regions report
a comparatively lower adoption o of BIM solutions. However, the growth of the construction
industry in the coming years in countries such as Middle East along with the supportive
government policies is expected to supplement a promising trend for BIM implementation in
the region.

Construction activities in South Africa are gaining traction with improving economy. The AEC
industry in the region is exhibiting a healthy growth and is proving to be a swift adopter of
BIM solutions. The AEC industry is in its growth stage in the Middle East and is accepting
BIM in a positive way. From January 2014, Government of Dubai has made BIM mandatory
for big buildings, skyscrapers, megastructures and infrastructure development projects.
Presently, a number of key projects are underway in the region such as king Abdullah
economic city in Rabigh withan estimated cost of around $27 billion, the Abu Dhabi airport
78 expansion with a budget of $6.8 billion, $500 million Presidential Palace in Al-Ras Al—
Akhdar and over $50 billion worth of BIM-enabled projects, lead to the growth of BIM
technologies in this region. Autodesk is the leader in the African market and industry is
witnessing a slow but steady growth in the African region owing to the modernization in
construction sector, improvement in regulation policies and change in the existing financial
culture.
In LAMEA, BIM finds maximum adoption among the commercial and infrastructure sectors.
The two mentioned sectors are anticipated to grow at promising rates during the forecast
period, together constituting nearly 60% market share by 2022.
In 2015, architects/engineers was the leading end user segment in LAMEA, constituting
nearly 48% of the total revenue generated by the region. However, the segment of contractors
would witness exponential growth during the forecast period, and would surpass the
architects segment in the year 2020, evolving as the largest end user segment.

2015-2022

The BIM market in LAMEA is in a progressive stage with the leading global players planning
to expand their presence to capitalise on the potential market opportunities. Market leaders
such as, Autodesk, Inc., Trimble Navigation Limited and Nemetschek AG. are focused on
expansion in this region owing to the potential growth opportunities on account of the rapidly
growing construction industry and the supportive government policies in favor of BIM. For
instance, Trimble Navigation Limited has announced to open its new office in the Dubai
Internet City to increase its penetration in the GCC region.

In recent years, industrialization and population have increased in the Middle East. The large
number of construction projects in the pipeline offer a huge scope for the adoption of BIM by
the construction companies as well as skilled professionals in the sector. In addition,
Building SMART ME, an initiative by the Dubai government, works for skill development in
this region.
79
Africa continues to be an attractive and potential market for BIM providers with various
untapped markets. To promote the growth of BIM market in Africa, various public programs
are organized such as international conference on BIM and African geospatial forum. South
Africa, Nigeria, Egypt, and Morocco together exhibit plenty of opportunities. Consumers in the
region are becoming increasingly tech savvy regarding the BIM technologies. In order to
remain proactive and increase their market share, companies need to focus on these regions
to attract new customers.

Architect/engineer was the highest revenue-generating end user segment in 2015. This
segment is expected to reach $450.1 million by 2022, from the 2015 market value of $121
million, growing at a CAGR of 20.9% from 2016 to 2022. However, the others segment would
constitute the highest CAGR of 29.9% during the forecast period. This segment is forecast to

2015-2022
TABLE 22 LAMEA BIM MARKET REVENUE BY END USER, 2015–2022

($MILLION)
CAGR%
End user 2015 2016 2017 2018 2019 2020 2021 2022
2016-2022
Architects/Engineers 121.0 144.3 172.5 206.8 248.7 300.6 365.5 450.1 20.9
Contractor 106.3 132.2 164.9 206.4 259.9 329.6 421.7 545.5 26.6
Others 22.3 28.4 36.3 46.5 60.1 78.2 102.6 136.3 29.9
Total 249.5 304.9 373.6 459.7 568.7 708.3 889.8 1,131.8 24.4
80

2015-2022
CHAPTER 9 COMPANY PROFILE

9.1 Autodesk, Inc.
111 McInnis Parkway.
San Rafael, CA 94903
United States
Phone: +1 415 507 5000
Website: www.autodesk.com
9.1.1 Company overview

Established in 1982, Autodesk Inc. is a multinational software company with its headquarter
in San Rafael, CA. The company offers variety of software solutions such as AutoCAD, Maya,
Revit, 3ds, Sketchbook, Homestyler, Pixlr, BIM 360, and many others. In addition, it develops
educational versions of its software under the forum Autodesk Education Community, which
is used for training AEC professionals. For the manufacturing sector, the company offers
specialized software solutions such as Autodesk Inventor, Autodesk Product Design Suit, and
81
Maya. It provides variety of services in the AEC sector such as planning, scheduling, and raw
data procurement to owners, architects, contractors, and builders. It delivers customized
solutions to a range of consumer segments spanning across construction, manufacturing,
gaming, media, and entertainment sectors.
TABLE 23 SNAPSHOT OF AUTODESK, INC.

Snapshot Description
Year of Inception 1982

John Walker, Dan Drake (Founder), Crawford W. Beveridge (Chairman)
Key Executives
and Carl Bass (CEO)
Primary Business Software development and services
Geographical Presence Global

AutoCAD, Revit Architecture, BIM 360, Sketchbook Pro, Autodesk
Product Portfolio
Inventor, Autodesk Product Design Suit, Homestyler, and Pixlr Express
Key Strategic Move Product launch
Overall Financial 2013: $2,312.2
(Net Sales in $million) 2014: $2,273.9
Status 2015: $2,512.2
Financial year ending 31 st January
Source: Company Publications

2015-2022
9.1.2 Business performance

Autodesk Inc. reported a variable financial performance in the recent years from 2013 to
2015. It recorded a revenue of $2,512.2 million in 2015 compared to $2,273.9 million in
2014. Architecture, engineering and construction constituted the highest revenue with 35%
in 2015.
FIG. 10 REVENUE OF AUTODESK, INC., 2013–2015 ($MILLION)
82
Source: Company Annual Report and AMR Analysis
FIG. 11 REVENUE OF AUTODESK, INC., BY BUSINESS SEGMENT (2015)


2015-2022
FIG. 12 REVENUE OF AUTODESK, INC., BY GEOGRAPHY (2015)

9.1.3 Strategic moves and developments

December 2015: Autodesk, Inc. launched its latest product, Autodesk BIM 360 Docs. It is a
83
cloud-based service for AEC professionals. This product enabled its users to virtually create,
access, and maintain plans and models related to construction projects.
May 2013: Autodesk Inc. went ahead and launched a newer version of BIM 360 Glue. This
cloud-based BIM software provided instant and total access to latest models in the cloud and
allowed AEC professionals to run clashes via desktop, mobile, and web. This helped to reduce
the coordination cycle to save time and costs.
9.1.4 SWOT analysis of Autodesk, Inc.

Autodesk, Inc., one of the leading player in BIM technology, boasts of a strong global
presence worldwide. The company’s clientele features reputed companies such as Microsoft
Corp., Vico Software, Graitec SA, educational institutions, and companies in the AEC
industry. It focuses on indirect channel sales for its maximum revenue generation, which acts
as its major weakness. In addition, the focus on product enhancement and technology
advancements, which create potential opportunities for its growth.

2015-2022
Partnership and collaborations provide a conducive environment for it to expand its

geographical presence. Continuously changing political and economic situations affecting the
construction industry act as a major threat for the overall development and growth of the
company.
FIG. 13 SWOT ANALYSIS OF AUTODESK, INC.
84
Source: Secondary Research and AMR Analysis

2015-2022
9.2 Beck Technology, Ltd.

1807 Ross Avenue, Suite 500
Dallas, TX 75201
United States
Phone: +1 888 835 7778
Website: www.beck-technology.com

Established in 1996, and headquartered in Texas, Beck Technology, Ltd. is an internal
division of Beck Group, engaged in software development and building solutions servicing in
the AEC industry. It offers varied products under the brand name, DESTINI such as D
Profiler DESTINI estimator, DESTINI Optioneer, and DESTINI Data Manager, which are used
by AEC professionals for project estimation, data & content management, decision-making
purposes, and Macro BIM applications. It provides building and design services to owners,
architects, contractors, and builders. Beck Technology, Ltd. focuses on BIM services related
85
to construction projects in the form of a tool to monitor real-time costs and data and project
management.
TABLE 24 SNAPSHOT OF BECK TECHNOLOGY, LTD.


Henry C. Beck (Founder)
Key Executives Stewart Carroll (COO)
Michael Boren (CTO)
Primary Business Software development and services in construction industry
Geographical
Americas, Europe, Asia, and Middle East
Presence
Product Portfolio Macro BIM, D Profiler DESTINI estimator, and DESTINI Optioneer
Key Strategic Moves Product launch

Overall Financial
Not disclosed
Status

2015-2022

October 2015: Beck Technology, Ltd. launched the DESTINI suite. This product suite
includes DESTINI Estimator 2015 1.1, DESTINI Profiler 2015 1.0, and DESTINI Data
Manager 1.1. It was used by AEC professionals for effective costs and data management to
support BIM in construction projects.
9.2.3 SWOT analysis of Beck Technology, Ltd.

Being a part of the Beck Group, Beck Technology, Ltd. possesses a strong management and
financial support to grow in the future. Innovative and differentiating product range provides
the company to tap larger part of the customer group. Though its products are expensive,
they are advanced and differentiated from other players, which provides the company a
leading edge over its competitors. Extension in the product portfolio, with the launch of new
products and brands in the market, can help the company to expand and diversify its
customer base, generate revenue, and meet extra demands of consumers to a larger extent.
Competition from the already existing players is tough and big players, such as Autodesk,
86 Inc., act as threat to its growth.
FIG. 14 SWOT ANALYSIS OF BECK TECHNOLOGY, LTD.

2015-2022
9.3 Trimble Navigation Ltd.

935 Stewart Drive
Sunnyvale, CA 94085
United States
Phone: +1 408 481 8000
Website: www.trimble.com

Established in 1978, and headquartered at California, Trimble Navigation Limited is one of
the leading software engineering corporations specialized in model-based software products
for building, construction, and infrastructure management. It offers a full range of technology
products and services for agriculture, transportation & logistics, building design,
construction, operation, and others. It is known for its innovative products globally. The
company focuses on R&D and has innovative technologically advanced products such as
Tekla BIMsight, Tekla Structures, and Tekla Field3D. Finland-based Tekla corporation, which
87 specializes in BIM services, was acquired by Trimble in 2011 and now it operates separately
under Trimble Navigation. The company offers its products and services in more than 100
countries.
TABLE 25 SNAPSHOT OF TRIMBLE NAVIGATION LTD.


Steven Berglund (President & CEO)
Key Executives
Robert Painter (CFO)
Primary Business Software development
Product Portfolio Tekla BIMsight, Tekla Structures, and Tekla Field3D
Key Strategic Move Acquisition and partnership

2013: $2,288.1
Overall Financial Status
2014: $2,395.5
(Net Sales in $million)
2015: $2,290.4

2015-2022

Trimble Navigation Limited experienced mixed trend in its net sales during the years 2013 to
2015. The company generated a revenue of $2,290.4 million in 2015 compared to $2,395.5
million in 2014, with a downfall in the profits.
FIG. 15 REVENUE OF TRIMBLE NAVIGATION LTD., 2013–2015 ($MILLION)
88
FIG. 16 REVENUE OF TRIMBLE NAVIGATION LTD., BY BUSINESS SEGMENT

(2015)


2015-2022
FIG. 17 REVENUE OF TRIMBLE NAVIGATION LTD., BY GEOGRAPHY (2015)


89
December 2015: Trimble innovations announced that Tekla Corp. will undergo transition
w.e.f. 1 January, 2016. Trimble possesses strong portfolio of brands and with strong
technical backup of Tekla Corp., this strategic acquisition delivered best in class support and
services.
July 2015: A reputed technology firm which provides BIM for AEC industry, Precast India
Infrastructure Pvt. Ltd., formed a strategic alliance with Tekla India Pvt. Ltd. This resulted in
in building technological advancement and market reach of Tekla Corp.
October 2014: CSC, a U.K.-based company, was acquired by Trimble and now continues to
work under the brand name of Tekla Corp. Both the companies carry out their operations
jointly.

2015-2022
9.3.4 SWOT analysis of Trimble Navigation Ltd.

Trimble Navigation is a leading U.S.-based multinational enterprise company, with a strong
worldwide presence in more than 141 countries. The company provides services to multiple
sectors such as agriculture, logistics, construction, and others while Tekla Corporation is the
specialized unit offering BIM services to AEC professionals. However, the company has
limited products under the brand name Tekla Corp. The focus on emerging economies, such
as China and India, is likely to present more opportunities for the overall development of the
company as the construction industry is at its peak in these countries. Innovative and
regular product launches & services by the established players results in tough competition,
thereby acting as potential threat for the company.
FIG. 18 SWOT ANALYSIS OF TRIMBLE NAVIGATION LTD.
90

2015-2022
9.4 Nemetschek AG
Konrad-Zuse-Platz 1
81829 Munich,
Germany
Phone: +49 89 92793-0
Website: www.nemetschek.com

Established in 1963, and headquartered at Munich in Germany, Nemetschek AG is engaged
in the development of BIM solutions for AEC professionals. In addition, it serves in real estate
as well as multimedia industries. It operates and offers services in more than 100 countries.
Its product portfolio includes a wide range of products such as Allplan, Bluebeam, Crem,
Data Design System, Frilo, Graphisoft, Maxon, Nevaris, Precast, Scia, Solibri, and
Vectorworks among others. It provides differentiated products based on identification and
technology implemented specifically on designing and building.
91
TABLE 26 SNAPSHOT OF NEMETSCHEK AG


Prof. Georg Nemetschek (Founder)
Key Executives Patrik Heider (CFOO)
Sean Flaherty (CEO of Nemetschek Vectorworks, Inc.)

Allplan, Bluebeam, Crem, Data Design System, Frilo, Graphisoft, Maxon,
Product Portfolio
Nevaris, Precast, Scia, Solibri, Vectorworks
Key Strategic Move Collaboration and acquisition
2013: $233.4
2014: $274.3
2015: $358.2
Financial year ending 31 st December
Currency Conversion at historical rates; 1Euro= 1.255 57 USD

2015-2022

Revenues for the fiscal year 2015 totaled $358.2 million, which was increased by 30% from
the revenue generated in 2014. Design segment of the company constituted the highest
revenue during the year 2015.
FIG. 19 REVENUE OF NEMETSCHEK AG, 2013–2015 ($MILLION)
92

FIG. 20 REVENUE OF NEMETSCHEK AG, BY BUSINESS SEGMENT (2015)


2015-2022
FIG. 21 REVENUE OF NEMETSCHEK AG, BY GEOGRAPHY (2015)

93
January 2016: Nemetschek AG acquired Solibri Oy, Helsinki, Finland based BIM solution
provider. Solibri Oy offers software solutions for quality assurance and quality control of BIM
across the world. This company was founded in 1999 with headquarter in Helsinki, Finland
and operates in U.S. and U.K. through its subsidiaries.
September 2015: Nemetschek Group acquired Bluebeam AB. With this acquisition the
company has entered into new reseller and technology partnership with the Swedish
distributor. This has strengthened the company’s presence in North America with
enhancement in product portfolio.
October 2014: Nemetschek Vectorworks collaborated with Datacubist Oy to strengthen IFC

data exchange. Nemetschek Vectorworks, Inc. is a brand of Nemetschek Group and
Datacubist Oy is a developer of simplebim®, a BIM software platform that supports AECO
professionals. The collaboration of these major firms enhanced IFC data exchange within AEC
industry and, in turn, this enhanced the service portfolio of the company.

2015-2022
9.4.4 SWOT analysis of Nemetschek AG

The company is one of the leading providers of software solutions and BIM technology. In
addition, being one of the first companies in the industry to develop software solutions,
especially for engineers, the company created a variety of groundbreaking products. It has a
comprehensive group structure and its services are available universally because of its strong
presence in more than 100 countries exhibiting a wide geographical presence. The hardware
and consulting services are the weak operating segments, which affect its overall revenue.
Increasing focus of the company in emerging economies, such as China and India, is
expected to enhance its growth. Acquisition of the key local players would improve the supply
channel and product distribution of the company, and innovative product launches are likely
to contribute heavily to its growth.
FIG. 22 SWOT ANALYSIS OF NEMETSCHEK AG.
94

2015-2022
9.5 Pentagon Solutions Ltd.

Suite 3, Teal Pavilion, Portside Business Park,
189 Airport Road West,
Belfast, BT3 9ED
N. Ireland
Phone: +44 (0) 2890 455355
Website: www.pentagonsolutions.com

Established in 2003 with its headquarter in Belfast, N. Ireland, Pentagon Solutions Ltd. deals
in supply and consulting of Autodesk, Solidworks CAD and BlueCielo Engineering content in
the U.K. and Ireland. It is also one of the leading players offering BIM implementation and
consultation services. Innovations and a strong R&D distinguish it from its competitors. It
offers BIM implementation and consultancy services with its major operations in the
European region.
95
TABLE 27 SNAPSHOT OF PENTAGON SOLUTIONS LTD.


Eamon Morgan (Managing Director)
Key Executives
Brendan Greene (Technical Director)
Primary Business BIM software
Geographical Presence Europe

Autodesk, SolidWorks CAD, BlueCielo, BIM implementation & consultancy
Product Portfolio
services
Not disclosed
(Net Sales)

2015-2022
9.5.2 SWOT analysis of Pentagon Solutions Ltd.

The company has a strong presence only in the European countries, which reflects its weak
geographical presence in other regions. Expansion in emerging economies, such as China and
India, boosts the market growth of the company. Innovative products, strong service support
and one of the top players in the field of BIM implementation & BIM consultancy services is a
plus point. Its overall product range is limited, which is an area of concern.
FIG. 23 SWOT ANALYSIS OF PENTAGON SOLUTIONS LTD.
96

2015-2022
9.6 Dassault Systemes SA

Dassault Systèmes
10 rue Marcel Dassault
CS 40501,78946 Vélizy-Villacoublay
Cedex - France
Phone: +33 (0)1 6162 6162
Website: www.3ds.com

Established in 1981 and headquartered in France, Dassault Systemes SA is engaged in
development of 3D design, digital mock-up, and product life cycle management (PLM)
solutions, with a global presence. The company offers wide range of products which includes
CATIA, SOLIDWORKS, ENOVIA, DELMIA, SIMULIA, GEOVIA, EXALEAD, 3DVIA, BIOVIA,
NETVIBES, and 3DEXCITE. It has a strong grip in multiple industries, which includes
aerospace and defense, architecture engineering, consumer goods and retail, energy process
97
and utilities, life science, financial business services, industrial equipment, marine and
offshore, and natural resources. As of 2014, the company employs more than 13,000
employees worldwide.
TABLE 28 SNAPSHOT OF DASSAULT SYSTEMES SA


Bernard Charlès (President and CEO)
Key Executives Thibault de Tersant (CFO)
Charles Edelstenne (chairman)
Development of 3D design, 3D digital mock-up and product life cycle
Primary Business
management (PLM) solutions
CATIA, SOLIDWORKS, ENOVIA, DELMIA, SIMULIA, GEOVIA, EXALEAD,
Product Portfolio
3DVIA, BIOVIA, NETVIBES, and 3DEXCITE
Key Strategic Move Product launch and innovation
2013: $2,594.1
2014: $2,880.7
2015: $3,565.2

2015-2022

Revenue for the fiscal year 2015 totaled to $3,565.2 million, increased approximately by 24%
as that of 2014. The company experienced an increasing trend in its revenue generation
during the past three years. It has generated notable revenue from its past year, 2014
because of its innovative product launches and acquisitions of the regional players.
FIG. 24 REVENUE OF DASSAULT SYSTEMES SA, 2013–2015 ($MILLION)
98
FIG. 25 REVENUE OF DASSAULT SYSTEMES SA, BY BUSINESS SEGMENT

(2015)


2015-2022
FIG. 26 REVENUE OF DASSAULT SYSTEMES SA, BY GEOGRAPHY (2015)


99
March 2015: Dassault Systèmes, SA made an announcement of product enhancement in its
flagship offering for AEC industry, 2015x 3DEXPERIENCE platform. This advanced version of
3DEXPERIENCE provides industry solutions through cloud as well as on premise medium.
June 2014: Dassault Systèmes, SA which is one of the leading player in BIM solutions
introduced, Civil Design for Fabrication which is its latest product for construction industry.
This product was designed to serve AEC professionals in the process of designing of
infrastructure projects such as roads, rail projects, dams and bridges.
9.6.4 SWOT analysis of Dassault Systemes SA

Dassault Systèmes is a leading provider of BIM software solutions. Increased number of
product launches and partnerships have strengthened the product portfolio and, thus,
increased its revenue. The company enjoys the benefits of strong market position, innovative
products, and a large customer base. Growing constructions across the Asia and Middle East
countries would provide the lucrative market opportunities for the company. Competition
from well-established players is a threat that restricts its growth.

2015-2022
FIG. 27 SWOT ANALYSIS OF DASSAULT SYSTEMES SA.
100

2015-2022
9.7 Synchro Software Ltd.

Faraday Wharf
Holt Street, Birmingham, B7 4BB,
U.K.
Phone: +44 131 510 1394
Website: www.synchroltd.com

Established in 2001, and headquartered in Birmingham, U.K., Synchro Software Ltd. is one
of the leading company engaged in software development, BIM modeling, and providing
consulting services in the AEC industry. It has some distinctive products which include
Synchro PRO, Synchro Scheduler, Synchro Open Viewer, and Synchro Workgroup Project
among others. The company offers its solutions across the world through its large reseller
network to a huge customer base. In addition, it specializes in 4D BIM project delivery
services.
101
TABLE 29 SNAPSHOT OF SYNCHRO SOFTWARE LTD.


Tom Dengenis, (CEO)
Key Executives
Jon Berkoe (Director, Global VDC Services)
Primary Business Software development, BIM modeling, and consulting services

Synchro PRO, Synchro Scheduler, Synchro Open Viewer, and Synchro
Product Portfolio
Workgroup Project
Key Strategic Moves Collaboration and partnership
Not disclosed
(Net Sales)

2015-2022

January 2015: Viewpoint Construction Software partnered with Synchro Software Ltd. As per
this partnership, Synchro Software joined its 4D visual project management and CPM
scheduling capabilities with BIM models, enabling the AEC professionals to effectively
manage the construction project.
November 2014: VIATechnik, LLC, a provider of construction and engineering services,

partnered with Synchro Software Ltd. The technological advancements of Synchro Software
helped VIATechnik to provide expert services in the virtual design and construction (VDC)
sector. This alliance was beneficial for Synchro Software as it resulted in exploration of new
markets.
April 2014: Nemetschek Vectorworks, Inc. collaborated with Synchro Software Ltd. to provide
open BIM platform. This collaboration was an initiative taken toward successful
implementation of open standards-based data exchange in the industry, and this was
102 favorable in terms of future opportunities for both the companies.
9.7.3 SWOT analysis of Synchro Software Ltd.

Synchro software Ltd. is a leading software development and services provider for the AEC
industry. Increasing number of partnerships by the company increased its customer base.
More investment in R&D by Synchro Software Ltd. led to an increase in its product range,
thus increasing the customer database. The company offer products with less features, which
is its major weakness. Expansion in emerging economies and entry in mobile application-
based solutions present opportunities to enhance its market share. Established market
players with better technologically advanced products are potential threats, which restrict its
growth.

2015-2022
FIG. 28 SWOT ANALYSIS OF SYNCHRO SOFTWARE LTD.
103

2015-2022
9.8 Bentley Systems, Inc.

Bentley Systems, Incorporated
685 Stockton Drive
Exton, PA 19341
United States
Phone: +1 610 458 5000
Website: www.bentley.com

Established in 1984, and headquartered in Pennsylvania, U.S., Bentley Systems, Inc.
produces solutions for the design, construction, and operation in the infrastructure industry.
The software developed by the company finds applications in building, plant, civil, and
geospatial markets in the AEC industry. Being one of the globally recognized BIM solution
provider, it operates in over 50 countries. The company has a wide range of products with an
employee strength of more than 3,000 as of 2014. Its product portfolio includes AECOsim,
104
Amulet, Navigator, ProStructures, APM, AutoPIPE, AutoPLANT, and many more.
TABLE 30 SNAPSHOT OF BENTLEY SYSTEMS, INC.


Greg Bentley (CEO)
Key Executives Keith A. Bentley (Co-Founder and CTO)
Barry J. Bentley (Executive Vice-President)
Primary Business Software development and services in AEC
Product Portfolio AECOsim, Amulet, Navigator, ProStructures, APM, AutoPIPE, AutoPLANT
Key Strategic Moves Acquisition and product launch

2012: $550
2013: $593
(Net sales in $million)
2014: $625

2015-2022

The company generated a net revenue of $625 million in 2014, a considerable increase from
the 2013 revenue, which was $590 million in 2013. The company experienced an increasing
trend in its revenue generation. The domestic market, Americas, constituted the highest
share in overall revenue generation of a company in 2014.
FIG. 29 REVENUE OF BENTLEY SYSTEMS, INC., 2012–2014 ($MILLION)
105
Financial year ending 31st January

FIG. 30 REVENUE OF BENTLEY SYSTEMS, INC., BY GEOGRAPHY (2014)


2015-2022

November 2015: Bentley Systems Inc. launched its revolutionary OpenRoads CONNECT
Edition software. It is an advanced version to its earlier software InRoads, GEOPAK, and MX.
This software has its application in civil construction industry, and this product launch is
expected to enhance the company’s operations in the civil industry.
March 2015: Bentley acquired EADOC, LLC, a construction management cloud services
provider. With this acquisitions, Bentley Systems, Inc. has enhanced its MANAGEservices
(cloud services) which would benefit the construction managers to improve productivity,
information quality and reduce risks.
9.8.4 SWOT analysis of Bentley Systems, Inc.

Bentley Systems, Inc. is one of the leading companies that produces solutions for the design,
construction, and operation of infrastructure. It invests more than 20% of its turnover for
R&D in an effort to continuously innovate its product portfolio. Regular new product launch
is one such move taken by the company to meet the demands of the consumers. The
company has a desire to produce its own devices and remain innovative in every field of its
106
product portfolio; thus, its major focus is on customer satisfaction. Presence of other
innovative products operating in the same segment, such as Autodesk Revit and BIMTekla,
acts as a major threat to the overall development and growth of the company.
FIG. 31 SWOT ANALYSIS OF BENTLEY SYSTEMS, INC.

2015-2022
9.9 Cadsoft Corporation

255 Woodlawn Rd. W, Suite 201,
Guelph, Ontario, Canada, N1H 8J1
Phone: +1 888 223 7638
Website: www.cadsoft.com

Established in 1980 and headquartered at Ontario, Canada, Cadsoft Corporation is engaged
in developing BIM, PLM, CAD/CAM, and other building & design solutions for residential as
well as commercial construction projects. The company has presence in multiple countries
with service offerings for architects, engineers, and builders. It provides a number of BIM
services, such as design and modeling, construction documents support, precision drafting
tools, and other software assistance in its portfolio under the brand name Envisioneer. The
company has some reputed partners such as Autodesk, Inc.
107
TABLE 31 SNAPSHOT OF CADSOFT CORPORATION

Frank Baldesarra P. Eng. (CEO and President)
Key Executives
Brad Finck (Director)

BIM, PLM, CAD, CAM, and building & design solutions for the construction
Product Portfolio
industry
Key Strategic Move Product launch and partnership
Overall Financial Status Not disclosed

February 2014: Cadsoft Corporation launched its crucial design software, ProArchitect
Version 3. It is a BIM software, equipped with new SmartView engine, used in commercial
and residential construction projects. This software helps the construction professionals to
improve productivity, data exchange with increased accuracy.

2015-2022
August 2012: Cadsoft Corp. has entered into distribution partnership with BIMage
Consulting Pte. Ltd. BIMage Consulting Pte. Ltd. is a leading BIM solutions provider to AEC
professionals in Asian region with its headquarter in Singapore. This collaboration enabled
Cadsoft Corp. to deliver its award-winning solution, Envisioneer™. Version 8, across the
Asian region.
9.9.3 SWOT analysis of Cadsoft Corporation

The company possesses a huge customer base globally. Innovations in the existing products
and new product launch are some of the major strategies adopted by the company. The sole
focus on construction industry and expensive BIM services has limited the growth of
company. It launches varied products as a result of which a variety of options are available to
its customers. Expansion in untapped regions and entry in smartphone applications further
facilitates the overall growth of the company. Competitors that offer highly advanced products
are a potential threat to the company.
108 FIG. 32 SWOT ANALYSIS OF CADSOFT CORPORATION

2015-2022
9.10 Asite Solutions Ltd.

Unit E2, 3rd Floor Zetland House,
5-25 Scrutton Street,
London, EC2A 4HJ,
U.K.
Phone: +44 (0)207 749 7880
Website: www.asite.com

Established in 2001, Asite Solutions deals in cloud-based collaboration solutions of
information exchange and management for AEC professionals. It provides software services
(SaaS) predominantly to the government and the architectural, engineering, construction,
and property sectors, and solutions for building, designing, and construction in various
industries. Asite Solutions is mainly involved in providing software solutions, and it has a
strong global outreach. The product services include Key Lite, Key Professional, Key
109
Procurement, Key BIM, Key Unlimited, and these services are offered in AEC, FM,
government, finance, and infrastructure sectors.
TABLE 32 SNAPSHOT OF ASITE SOLUTIONS LTD.


Tony Ryan (Chairman, Chief Executive Officer)
Key Executives
Nathan Doughty (Senior Vice President and Chief Financial Officer)
Primary Business Software services

Key Lite, Key Professional, Key Procurement, Key BIM, Key
Product Portfolio
Unlimited
Key Strategic Moves Partnership
Overall Financial 2013: $6.4
Status (Revenue in 2014: $7.5
$million) 2015: $8.4
Financial year ending 30 th June

2015-2022

The company offers various products and services such as technology services, business
services, and software services. It generated a revenue of $8.4 million in 2015 as compared to
$6.4 million and $7.5 million in 2013 and 2014 respectively. The company earns highest
revenue from the U.K. region followed by Europe, Middle East, and Africa.
FIG. 33 REVENUE OF ASITE SOLUTIONS LTD., 2013–2015 ($MILLION)
110

FIG. 34 REVENUE OF ASITE SOLUTIONS LTD., BY GEOGRAPHY (2015)


2015-2022

September 2014: Asite Solutions partnered with Dimension Data, which help Asite Solutions
to provide access the managed hosting platform solutions to its clients. Asite Solutions serves
more than 100,000 customers through three data centers of Dimensions Data.
August 2014: Asite Solutions entered into a partnership with Microsol Resources, a U.S.-
based leading developer of BIM solutions. This has helped Asite Solutions to provide
advanced digital services to AEC professionals in North America region.
9.10.4 SWOT analysis of Asite Solutions Ltd.

Asite Solutions, with its worldwide presence, offers customized solutions to customers to
meet their demand of software and services related to the construction projects. Limited
product range is a major weakness of the company. Its strong brand reputation in the market
helps it to achieve healthy financials each year. Asite Solutions mainly focuses on customized
solutions for large- and medium-sized enterprises, which is limiting its growth. Entry in more
sectors and innovation in smartphones based applications would offer opportunities to the
111 company. The profit margin in this market is attracting new players, which acts as a major
threat to the growth of the company.
FIG. 35 SWOT ANALYSIS OF ASITE SOLUTIONS LTD.

2015-2022
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Report Code: IC1384

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Published: November 2013

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1.1 Report description .................................................................................... 15

1.2 Key benefits .............................................................................................. 16

1.3 Key market segments ............................................................................... 17

1.4 Research methodology .............................................................................. 18

1.4.1 Secondary research ..................................................................... 19

1.4.2 Primary research ......................................................................... 20

1.4.3 Analyst tools and models ............................................................. 20

CHAPTER 2 EXECUTIVE SUMMARY ........................................................................ 21

2.1 CXO perspective ........................................................................................ 23

CHAPTER 3 MARKET OVERVIEW ............................................................................ 24

3.1 Market definition and scope ..................................................................... 24

4 3.2 Key findings ............................................................................................. 25

3.2.1 Top impacting factors.................................................................. 25

3.2.2 Top investment pockets ............................................................... 28

3.2.3 Top winning strategies ................................................................ 29

3.3 Porter’s five forces analysis...................................................................... 32

3.3.1 Fewer number of BIM developers and large number of platform

3.3.2 High switching cost and need for customized products

3.3.3 Presence of renowned players in the market and high initial

3.3.4 Enhanced product quality and addition of unique features

3.3.5 Unequal sized as well as less number of competitors in the

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3.4 Value chain analysis ................................................................................ 35

3.5 Market share analysis, 2014 .................................................................... 37

3.6 Drivers ..................................................................................................... 39

3.6.1 Enhanced productivity through interoperability .......................... 39

3.6.2 Government mandates for BIM usage ........................................... 39

3.6.3 Growing construction industry .................................................... 40

3.7 Restraints ................................................................................................ 41

3.7.1 High cost of BIM software ............................................................ 41

3.7.2 Lack of trained professionals ...................................................... 41

3.8 Opportunities ........................................................................................... 42

3.8.1 Growing environmental and energy concerns ............................... 42

CHAPTER 4 WORLD BIM MARKET BY SOLUTION TYPE ........................................... 43

4.1 Introduction ............................................................................................. 43

4.1.1 Market size and forecast ............................................................. 43

4.2.1 Key market trends ....................................................................... 44

4.2.2 Competitive scenario.................................................................... 44

4.2.3 Key growth factors and opportunities .......................................... 45

4.2.4 Market size and forecast ............................................................. 45

4.3 Services .................................................................................................... 46

4.3.1 Key market trends ....................................................................... 46

4.3.2 Competitive scenario.................................................................... 46

4.3.3 Key growth factors and opportunities .......................................... 47

4.3.4 Market size and forecast ............................................................. 47

CHAPTER 5 WORLD BIM MARKET BY SOFTWARE DEPLOYMENT TYPE.................... 48

5.1 Introduction ............................................................................................. 48

5.1.1 Market size and forecast ............................................................. 48

5.2 On premise ............................................................................................... 49

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5.2.1 Key market trends ....................................................................... 49

5.2.2 Competitive scenario.................................................................... 49

5.2.3 Key growth factors and opportunities .......................................... 49

5.2.4 Market size and forecast ............................................................. 50

5.3 Cloud-based .............................................................................................. 51