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According to World Economic Forum, the population of the urban areas goes on increasing by 200,000 people per day. This creates a need of affordable housing, infrastructure, transportation, and in the end the entire society. The infrastructure and urban development (IU) industry thus faces a challenge to transform the engineering and construction sector to make it more cost-efficient construction, on the environment. This can be achieved by improving use of scarce materials or by making the construction eco-efficient.
The solution to transform the Infrastructure and Urban Development industry to overcome above mentioned challenge and embrace digitization is Building Information Modeling (BIM) extraction software. This software assists the architects, engineering and construction (AEC) professionals to plan, design, construct and manage the buildings and infrastructure. This 3-D based modeling can also be used for scheduling, reducing costs, sustainability and in operations and maintenance throughout the project cycle. For team collaboration BIM extraction software supports functions like automated equipment, prefabrication and mobile application. Additionally, it helps determine the new assets best complement in existing built environment creating a need to adopt BIM.
Key Market Driver -
• The need to achieve cost effective and eco-efficient transformation in IU industry and adopt digitization. • Government mandates for adoption of BIM software in IU industry will drive the market.
Key Market Restraint -
• Inaccuracy in perception of overall applicability of BIM software. (i.e. still used as 3D design software only)
Engineering and Construction (E&C) Activities are the core part of Infrastructure and Urban Development Industry. The Engineering and construction activities contribute approximately $10 trillion i.e. 6% of GDP globally. Within 10 years of the digitization in this IU industry, it can save approximately 12% to 20% i.e. $1 trillion to $1.7 trillion approximately as per Boston Consulting Group stated in white paper of World Economic Forum. Thus creating increase adoption of BIM Extraction software in the industry since it the important first step towards digitization in the industry. BIM provide platform to store, share and manage information collected from autonomous devices, digital technologies and wireless monitoring. A fully digitized industry results in low cost, proper management and scheduling, and proper access to all information among the teams. This leads to higher productivity in the Infrastructure and Urban Development industry which increases the adoption rate of BIM in the market.
Panzura and AVAIL partner for global collaboration on the BIM content. The partnership promotes architecture engineering and construction teams to work more efficiently and effectively towards successful project deliveries. This partnership will help Panzura to help distributed design teams to deliver good quality BIM projects. It will fasten the projects with predictable outcomes. This collaboration will offer team members access to graphics-intensive design content in minimum time irrespective of their location and file size.
Construction Virtual Technologies BIM One Inc. partnered with Abvent. The company has collaborated with BIM platform BIM track, with BIM One its parent company. ABVENT will be including this BIM platform to its product catalogue for countries like Switzerland, France, Germany, Morocco, Tunisia, Luxembourg etc.
Some of the key competitors in the building information modelling software market are Bentley Systems, Inc., FARO Technologies, Inc., Safe Software Inc, Graphisoft SE., Trimble Inc., Allplan Deutschland GmbH, Microsoft Corporation, Vectorworks Inc., Avail and others.
The partnership and acquisition are the strategies adopted by key players in the market which are leading to growth of Building Information Modelling Software market.
According to white paper of World Economic Forum (WEF) 2018 UK is the frontrunner in the adoption of BIM software in the all regions as 46% of the companies of IU industry in the country have adopted BIM. This is due to the government rules and regulation to use BIM in all government sponsored projects. This results into growth of BIM market. In Germany around 25% of the company of IU industry have adopted BIM as stated by WEF in 2018. This shows that Europe is dominant in the market.
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North America is also leading in the adoption of BIM software in construction phase and in design and development. North America being technologically advanced region and a fast adopter there is rise in adoption of BIM software in that region.
The adoption rate of the BIM is much slower in emerging and developing countries as compared to advanced economies.
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