Building Information Modeling (BIM) Market: Market Shares, Trends, Top Key Players
Building Information Modeling (BIM) Market by Type (Software, Services), Project life cycle (Pre-construction, Construction, Operation), Application (Buildings, Civil Infrastructure, Oil & Gas, Industrial, Utilities), Geography
Till 2017, the BIM market was dominated by Autodesk Inc. (U.S.), Nemetschek SE (Germany), Trimble Navigation Limited (U.S.), Bentley System, Inc. (U.S.). New product launches and partnerships & collaborations were the prevailing strategies adopted by the top players to capture a larger share in the BIM market.
Top 2 players in the BIM market:
Autodesk, Inc. is a leading provider of software solutions to architects, construction management, industries, and real estate. The company's well-established market distribution network serves as an important factor for its future growth. The company focuses on strategic partnerships with companies across regions. For instance, in 2010, Autodesk partnered with NASA. Further in 2011 the company partnered with Ames Research Center (U.S.) for its BIM products. These strategic partnerships will help the company enhance its business operations and increase its profit. Currently, in 3D modeling, Autodesk focuses on developing next-generation platforms and other advanced technologies, and continues to expand in the emerging markets.
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Product launches, introduction of 3D modeling products, and acquisitions have been have been some of the strategies adopted by Bentley Systems, Inc. (U.S.) to build a strong product portfolio and maintain pace in the emerging markets. The company is highly exposed to credit risk due to its high dependence on customers from the private sector. However, it is involved in the R&D activities to remain competitive in the BIM market. In March 2015, the company acquired EADOC, LLC (U.S.), a provider of construction management cloud services, to help construction managers at engineering/
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