Demand for Building Information Modeling Slumps Temporarily amid Covid-19 Outbre

Posted by faisal on November 16th, 2020

The global Building Information Management market study presents a careful compilation of the historical, current, and future outlook of the said market as well as the factors that are responsible for such development of the market. In an effort to provide the users of this report with a comprehensive view of the global Building Information Modeling market, experts have made an inclusion of a detailed discussion on and analysis of the diverse product portfolio and competitive vendor landscape of each of the leading players spread across different territories of the world. The report study also includes both PESTEL analysis and SWOT analysis of the industry. The report also adds an analysis of market attractiveness, in which all of the market segments have been benchmarked based on general attractiveness, their rate of growth, and size of the market.

Analysts at Fact.MR have highlighted the opportunities, threats, weaknesses, and strengths of each of the players in the global Building Information Modeling market. In addition to that, the study makes an emphasis on the pattern of adoption of Building Information Modeling product / services across various industries. Providing the much-needed data reliability and consistency, the global building information modeling market is booming. The market was pegged at US$ 4.7 Bn in 2019.

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The Building Information Modeling market report highlights and analyses the following players:

• Nemetschek Group
• Bentley Systems
• Trimble Inc.
• Dassault Systèmes SE

The Building Information Modeling market report conducts examination of the operating pattern of each of the market players – acquisitions, launch of new product launches, collaborations, and partnerships – has been investigated into detail.

The ongoing global pandemic, COVID-19, has affected the global Building Information Modeling market adversely. Manufacturing operations have been suspended across all of the leading manufacturing hubs for now and this has led to the considerable slowdown of the production processes. In addition to that, Covid-19, has taken its toll on the consumer purchasing power and demand. Uncertainties pertaining to the possible length of lockdown have made it extremely difficult to prophesize when and how the resurgence in the Building Information Modeling industry will take place. This report on the global Building Information Modeling market is expected to account Cov-19 as one of the key contributors of the market.

Key geographies covered in the global Building Information Modeling market report comprise:

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

The global Building Information Modeling market report takes into consideration the following product type segments:

• Software
• Services

The global Building Information Modeling market report comes with the following end uses:

• AEC
• Contractors
• Facility Managers

The global Building Information Modeling market report offers plentiful insights, which comprise the following:

• Changing pattern of consumption amongst the individuals across the globe
• The challenges, restrains, opportunities, and drivers prevailing in the Global Building Information Modeling Market
• Historical and future progress of the global Building Information Modeling market.
• Regional segmentation of the Building Information Modeling market to understand the revenue, and growth lookout in these areas.
• Precise Year-on-Year growth of the global Building Information Modeling market.

• Emerging revenue streams for all the market players in the developing regions
• The competitive landscape with profiles of leading market players
• Technologies and business models with disruptive potential 
• Influence of Covid-19 in the market and how the pandemic is going to shape the contours of the market in the forthcoming years