BIM software market to be ‘worth US$21 billion’
By Andy Brown24 February 2022
The global market for Building Information Modelling (BIM) software will be worth US$21 billion by 2025, according to research data from Cambashi.
The global market research company’s latest BIM Observatory research data indicates that, while the construction industry’s use of software has been much slower than other sectors, such as manufacturing, the uptake is increasing.
It is estimated that US$14 billion was spent on BIM software in 2021. To reach the figure of US$21 billion means the sector is estimated to see yearly double digit growth between now and 2025.
“Remote working trends resulting from the global pandemic, as well as government initiatives and regulations, are driving digital transformation in the construction industry,” said Petra Gartzen, lead analyst, Cambashi.
“This in turn is accelerating a growth in demand for BIM software, enabling the construction industry to evolve from the ‘Stone Age’ to the ‘Digital Age’.”
Cambashi’s research data incorporates three categories of BIM: design, construct and operate.
According to Cambashi’s Employment dataset, currently around 200 million people work in a BIM-related profession, incorporating architecture and design, civil engineering and structural engineering services, as well as building owners and operators.
The research paper can be downloaded here.