(MENAFN- EIN Presswire)
Asia-Pacific Building Information Modeling Market
Depending on application, the planning and modelling segment accounted for the largest Asia-Pacific Building Information Modeling market share in 2023.
WILMINGTON, NEW CASTLE, DE, UNITED STATES, October 16, 2024 /EINPresswire / -- The Asia-Pacific Building Information Model ing Market was valued at $1979.34 million in 2023, and is projected to reach $9207.17 million by 2033, registering a CAGR of 16.1% from 2024 to 2033. The Asia-Pacific region is witnessing a dynamic shift in the
construction industry driven by rise in adoption of building information modeling (BIM). Government mandates for BIM usage and the escalating demand for digital transformation are key trends providing lucrative opportunities for the growth of the market. BIM enhances project efficiency and collaboration as well as integrates with emerging technologies such as virtual reality (VR) and augmented reality (AR), opening new avenues for innovation. However, the high initial investment required for BIM implementation poses a significant restraint, particularly for smaller firms. Furthermore, the expansion of BIM applications across construction lifecycle stages and integration with smart city initiatives created the demand for the BIM technology in Asia-Pacific.
Download Sample Report (Get Full Insights in PDF - 213 Pages) at:
By end user, the architects/engineer segment dominated the Asia-Pacific building information modeling market in 2023. This is attributed to rise in demand for BIM technology and usage of BIM solution by engineers and architects to produce buildings in the construction sector, drive the growth of the segment. By deployment mode, the on-premise segment is expected to grow during the forecast period, as organizations have complete control over their on-premise database.
The key players profiled in this report include
Beck Technology, Aptiv8 Pte Ltd, Nemetschek Group, Asite Solutions Limited, Trimble Inc, Hexagon AB, Dassault Systemes, Procore Technologies, Jytra Technology Solutions Pvt. Ltd., Autodesk Inc, Aveva Group plc
Buy Now & Get Exclusive Discount on this Report :
By component, the solution segment dominated the Asia-Pacific building information modeling market in 2023. This is attributed to the various features provided by the BIM software such as 3D visualization of buildings, reduced costs and time, and flexible design changing of construction models. However, the service segment is expected to grow during the forecast period, owing to increase in growth of third-party software service providers in the region.
KEY FINDINGS OF THE STUDY
Depending on component, the solution segment accounted for the largest Asia-Pacific Building Information Modeling market share in 2023.
Based on deployment, the on-premise segment accounted for the largest Asia-Pacific Building Information Modeling market share in 2023.
Depending on application, the planning and modelling segment accounted for the largest Asia-Pacific Building Information Modeling market share in 2023.
Country-wise, China dominated the market share in 2023.
Get Customized Reports with you're Requirements:
Factors such as rise in government mandates for BIM adoption and integration of BIM with emerging technologies such as VR and AR are expected to drive the Asia-Pacific building information modeling market growth during the forecast period. In addition, growing demand for digital transformation in construction and improving project efficiency and collaboration with BIM technology, propel the growth of the Asia-Pacific building information modeling market.
Other Trending Reports:
Barcode decoding software market -
Community Cloud Market -
Microserver Market -
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN15102024003118003196ID1108782968
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.