BIM Extraction Software Market Is Forecast To Grow At A 9.5% Value CAGR During The Forecast Period 2022-2032

Technology

BIM Extraction Software Market Outlook (2022-2032)

The building information modeling (BIM) extraction software industry reached US$ 140.9 Million in FY2021, and is likely to register a Y-o-Y increase of over 10% in 2022, expected to be valued at US$ 155.1 Million. During the 2022-2032 period of assessment, the market is forecast to grow at a 9.5% value CAGR, reaching US$ 384.3 Million.

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Key Segments Covered in the BIM Extraction Software Market Report

  • BIM Extraction Software by Software Type :

    • On-Premise BIM Extraction Software
    • Cloud-Based BIM Extraction Software
  • BIM Extraction Software by End Use Industry :

    • BIM Extraction Software for Water & Waste Water
    • BIM Extraction Software for Rail Transport & Aviation
    • BIM Extraction Software for Energy Generation Facilities
    • BIM Extraction Software for Roads, Bridges & Highways
    • BIM Extraction Software for Houses & Apartments
    • BIM Extraction Software for Factories & Warehouses
    • BIM Extraction Software for Education Institutes & Commercial Spaces
    • BIM Extraction Software for Government Buildings
    • BIM Extraction Software for Dams & Others
  • BIM Extraction Software by Region :

    • North America BIM Extraction Software Market
    • Europe BIM Extraction Software Market
    • Asia Pacific BIM Extraction Software Market
    • Middle East & Africa BIM Extraction Software Market
    • South America BIM Extraction Software Market

Competitive Landscape

Key providers of BIM extraction software are focusing on the development of cost-effective and compact solutions to attract more customers. Additionally, players are focusing on inorganic growth strategies such as strategic collaborations and merger & acquisition activities with technology partners to improve their offerings and market reach.

  • In March 2021Bentley Systems Inc. agreed to acquire Seequent- a global leader in 3D modeling software for geoscience and building information monitoring. The transaction was agreed upon at a sum of US$ 1.05 Billion. The transaction was fully completed by July 2021
  • In March 2022Autodesk Inc. introduced Bridge- a new collaboration capacity which empowers construction teams to share relevant data with project stakeholders, irrespective of whether they are on the same team or building project within the Autodesk Construction Cloud. Bridge gives teams control over their respective project data sets by enabling them to share select sheets, folders and files with collaborators without having to share all project information
  • AVEVA Group Plc. signed a partnership agreement with RIB Software, a global leader in digital technologies for construction, in July 2021. This partnership has opened new frontiers for AVEVA’s Project Execution portfolio offering for process and plant industries. Both companies are connecting project teams, allowing them to collaborate more effectively by bringing together the engineering, procurement and construction functions to deliver a true design to solutions.

 

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