NA Building Information Modelling Market Size (2024 - 2029)

North America Building Information Modelling (BIM) Market Analysis

The NA Building Information Modelling Market size is estimated at USD 3.46 billion in 2024, and is expected to reach USD 6.79 billion by 2029, growing at a CAGR of 14.47% during the forecast period (2024-2029).

The demand for BIM solutions partly depends on the construction activity witnessed in a region. In the US, it has recovered significantly after the economic recession to emerge as one of the major sectors of the economy. The US has been one of the early adopters of BIM solutions, with the general services administration taking several proactive measures to promote the usage of BIM solutions.

• The usage of BIM has become more common in the AEC industry due to the numerous benefits connected with this technology. Because of the fragmented delivery methods, building problems, and various parties involved, the contemporary AEC business is complicated, allowing for the widespread use of BIM. This is mostly due to a growth in government laws about BIM adoption in the AEC industry and the growing need for automated models in the construction arena to improve operational efficiencies.
• Building information modeling (BIM) has witnessed an increased adoption owing to its advantages over the existing tools, such as paper-based design and modeling and CAD systems. BIM primarily facilitates the users to create an accurate, precise, geometric virtual model with all the components and structures involved in the building.
• BIM technology is expected to grow as many government regulations promote using BIM solutions in various regional markets. Moreover, many regional private organizations are increasingly moving toward BIM, owing to its efficient modeling systems, thus driving market growth.
• However, high-cost software, limited trained professionals, and implementation issues might hamper the market's growth.
• The COVID-19 pandemic had shut down ongoing construction projects owing to the prolonged lockdown in countries including the United States and Canada. People were forced to work from home to maintain safety rules posed by the government. This opened new opportunities for the use of BIM in construction. Increasing awareness regarding the features and benefits of using BIM in construction projects was expected to boost the growth of BIM in the construction market.

North America Building Information Modelling (BIM) Industry Segmentation

Building information modeling (BIM) is a 3D model-based process for creating and managing information on a construction project across the project lifecycle. The important output of this process are the building information model, which is the digital description of every aspect of the built asset to manage the building infrastructure in a better way.

The scope of the study for the market is categorized into various applications of BIM, commercial, residential, and industrial. Also, the market is segmented by countries, including the United States and Canada.

North America building information modeling market is segmented by type (software, services), by deployment type (on-premise, cloud), by application (commercial, residential, industrial), and by country (United States, Canada). The market sizes and forecasts are provided in terms of value in (USD) for all the above segments.