Connect with us

Technology

Building Information Modeling (BIM) Software Market size is set to grow by USD 9.68 billion from 2024-2028, Increasing need for management of large-scale projects to boost the market growth, Technavio

Published

on

NEW YORK, July 4, 2024 /PRNewswire/ — The global building information modeling (BIM) software market size is estimated to grow by USD 9.68 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 22.79% during the forecast period. Increasing need for management of large-scale projects is driving market growth, with a trend towards growth of 5d building information modeling. However, high implementation and operating costs poses a challenge. Key market players include Asite Solutions Ltd., Autodesk Inc., Bentley Systems Inc., Dalux Corp., Dassault Systemes SE, Glodon Co. Ltd., Hexagon AB, KUBUS B.V., MRI Software LLC, Nemetschek SE, Oracle Corp., Pinnacle Infotech, Plannerly, Planon Shared Services BV, Procore Technologies Inc., Revizto SA, Schneider Electric SE, thinkproject Holding GmbH, Trimble Inc., and Virtual Construction and Technology BIM One Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Architects, AEC engineering offices, Contractors, Facility managers, and Others), Deployment (On-premises and Cloud-based), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Asite Solutions Ltd., Autodesk Inc., Bentley Systems Inc., Dalux Corp., Dassault Systemes SE, Glodon Co. Ltd., Hexagon AB, KUBUS B.V., MRI Software LLC, Nemetschek SE, Oracle Corp., Pinnacle Infotech, Plannerly, Planon Shared Services BV, Procore Technologies Inc., Revizto SA, Schneider Electric SE, thinkproject Holding GmbH, Trimble Inc., and Virtual Construction and Technology BIM One Inc.

 

Key Market Trends Fueling Growth

The construction industry has seen a shift towards more advanced building information modeling (BIM) solutions to enhance project efficiency and accuracy. While 3D BIM provides a three-dimensional representation of building designs, it lacks integration for time and cost factors. This gap led to the emergence of 5D BIM, an evolution of 4D BIM, which considers five dimensions including time, cost, and labor productivity. With 5D BIM, investors can easily access crucial information such as deviations from the pre-determined project schedule and budget, an in-house database with complete cost and labor productivity details, efficient preparation of cost schedules, and real-time cost estimation for quick comparisons with the target cost. The development of 5D BIM solutions is expected to significantly contribute to the growth of the global BIM software market during the forecast period. 

The BIM software market is thriving as construction companies embrace digital technology for more efficient operations. BIM technology offers digital representations of buildings, enabling cost estimation tools for budgeting and cost control during the project life cycle. Contractors benefit from construction schedules and sequencing plans, while architects and engineers use BIM software for planning & modeling. Government mandates drive market growth, with many mandating BIM usage in the construction sector. Initial expenditure on BIM software can be high, but long-term benefits include virtual reality (VR) and augmented reality (AR) for project visualization, IoT sensors for facility management, and maintenance. BIM solutions come in on-premise and cloud-based deployment modes, catering to various building types – commercial and residential. The market includes components for construction & design, asset management, and project visualization, streamlining decision-making processes. Product launches continue, with innovations in cost control, contractor collaboration, and real-time data access. Despite the benefits, low productivity due to initial expenditure and learning curve hinder widespread adoption. However, the trend towards digital construction is undeniable, with BIM technology set to revolutionize the construction sector. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global BIM (Building Information Modeling) software market growth is hindered by the high cost of these solutions. Small architectural and engineering firms in the construction industry find it challenging to adopt BIM software due to its expensive price tag. These software packages come with numerous modules for various applications, but they offer minimal value for SMEs with smaller project sizes. The high cost of training and support, as well as ongoing maintenance fees, further impedes market expansion. Additionally, the ongoing geopolitical conflict between Russia and Ukraine has disrupted the supply chain for construction materials, leading to increased implementation and operating costs. These rising costs may deter potential adopters of BIM software, thereby hindering market growth during the forecast period.The Building Information Modeling (BIM) market is growing rapidly, driven by the need for efficient construction operations and digital transformation in the industry. However, challenges persist, such as the integration of AR and VR technologies like Bentley Systems Incorporated’s iTwin platform for project visualization. Deployment modes, including on-premise and cloud-based solutions, impact the commercial viability of BIM software for various building types, from commercial to residential. BIM software solutions facilitate planning & modeling, construction & design, asset management, and facility management. Challenges include initial expenditure, low productivity, and process changes. Training and education are essential for successful BIM implementation. Government mandates and IoT sensors play a role in driving BIM adoption. Bentley’s engineering applications, such as structural engineering and steel fabrication management, address specific challenges. Product launch and decision-making processes are streamlined through BIM technology, enhancing project life cycle efficiency. BIM software and hardware require careful data management, especially during the construction phase. Contractors and architects/engineers benefit from BIM’s ability to improve collaboration and coordination. Project visualization and maintenance are essential components of BIM solutions. The construction sector continues to evolve, with digital construction and IoT sensors shaping the future of the industry. Bentley’s infrastructure cloud offers a comprehensive solution for managing BIM data and facilitating efficient construction operations.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This building information modeling (BIM) software market report extensively covers market segmentation by

End-user 1.1 Architects1.2 AEC engineering offices1.3 Contractors1.4 Facility managers1.5 OthersDeployment 2.1 On-premises2.2 Cloud-basedGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Architects- Building information modeling (BIM) software has become a game-changer in the architectural industry, enabling architects to design and construct buildings more efficiently and effectively. This software allows architects to create detailed 3D models that integrate all aspects of a building’s design, construction, and operation. By facilitating collaboration among professionals such as engineers and contractors, BIM software streamlines the construction process and reduces potential misunderstandings or errors. Architects can easily modify designs and iterate, eliminating the need for traditional 2D drawings. BIM software also promotes better communication among team members by allowing the integration of data from various disciplines into a single model. This reduces conflicts and clashes between design elements and saves time and costs by identifying and resolving potential issues before construction. Architects also use BIM software to optimize energy performance and sustainability in building designs by simulating energy usage and conducting energy analysis. Furthermore, BIM models contain detailed information about each building component, including specifications, maintenance schedules, and supplier data. This information is accessible to facility managers and building owners, enabling them to maintain and operate buildings more effectively throughout their lifespan. Architects’ crucial role in the BIM software market is expected to fuel its growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

Building Information Modeling (BIM) technology revolutionizes the construction industry by enabling digital representations of buildings and infrastructure projects. BIM software is a key solution for cost estimation, budgeting, cost control, construction schedules, and sequencing plans. It benefits contractors, construction operations, and government mandates by streamlining processes, enhancing collaboration, and improving accuracy. The initial expenditure for implementing BIM software can be high, but the long-term advantages include efficient decision-making processes, on-premise and cloud-based options, and integration with IoT sensors for facility management and maintenance. The BIM market spans various sectors, including commercial and residential, and encompasses planning & modeling, construction & design, and project visualization. Digital technology continues to evolve, making BIM software an essential tool for the construction sector.

Market Research Overview

The Building Information Modeling (BIM) market is experiencing significant growth due to the increasing adoption of digital technology in the construction sector. BIM technology allows for the creation of digital representations of buildings and infrastructure, facilitating efficient construction operations through cost estimation tools, budgeting, cost control, construction schedules, and sequencing plans. BIM software is essential for contractors, construction operations, and government mandates, enabling project visualization and decision-making processes. BIM market solutions include planning & modeling, construction & design, asset management, and facility management. Deployment modes include on-premise and cloud-based, catering to commercial and residential building types. BIM technology also integrates with virtual reality (VR) and augmented reality (AR) for improved project visualization. BIM market growth is driven by the need for efficient construction operations, digital construction, and low productivity. Initial expenditure on BIM technology, including hardware and software, is a significant consideration. Training and education, process changes, data management, IoT sensors, and product launches are key factors influencing the BIM market. Bentley Systems Incorporated, with its infrastructure cloud and iTwin platform, offers a range of engineering applications, including structural engineering and steel fabrication management.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userArchitectsAEC Engineering OfficesContractorsFacility ManagersOthersDeploymentOn-premisesCloud-basedGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/building-information-modeling-bim-software-market-size-is-set-to-grow-by-usd-9-68-billion-from-2024-2028–increasing-need-for-management-of-large-scale-projects-to-boost-the-market-growth-technavio-302189047.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

GetResponse Launches Native Countdown Timer in Email Editor

Published

on

By

GDANSK, Poland, April 22, 2026 /PRNewswire/ — GetResponse, a leading lifecycle automation platform, announced the launch of its native Countdown Timer block in the drag-and-drop email editor. The new feature allows marketers to embed an animated countdown directly into any email campaign, without leaving the platform, installing third-party tools, or pasting a single line of HTML code. GetResponse becomes one of the only email marketing platforms offering a fully native countdown timer in the email editor.

Until now, GetResponse users who wanted a countdown timer in their emails had to turn to third-party services to paste custom HTML into their campaigns. With the native Countdown Timer now built directly into the editor, GetResponse eliminates setup friction, ensures seamless compatibility, and makes the most powerful tool for creating urgency in email marketing accessible to every marketer at no extra cost – regardless of technical skill level.

How It Works

The Countdown Timer is a standard block in GetResponse’s drag-and-drop editor.

Drag the Countdown Timer block into any emailSet the expiration date and timeCustomize colors and labels to match your brandPreview in-editor and send

The timer is available on all plans, including a free plan, and works seamlessly on mobile.

“GetResponse gives marketers everything they need to make their emails convert, without juggling dozens of external tools. The native Countdown Timer is the next step in building the simplest and most complete email editor for scaling businesses. Users who today waste time configuring third-party timer services now have the timer built right in with no extra cost, exactly as it should be.” — Przemysław Pipiora, Head of Core Products at GetResponse

Key Features

Native editor block: No third-party integrations or accounts required.Drag-and-drop setup: Add a timer to any email in seconds.Full customization: Adjust colors, labels, and expiration date/time directly in the editor.Mobile-friendly: Works on all devices and screen sizes.Available on all plans at no extra cost: Including the Free plan, with no upgrade required.

The Countdown Timer block is available now to all GetResponse users in the drag-and-drop email editor. No additional setup, integrations, or plan upgrades are required.

About GetResponse

GetResponse is a lifecycle automation platform for businesses that want to turn customers into repeat revenue. By bringing email, automation, and customer data into one connected system, GetResponse helps brands move beyond one-off campaigns and build lifecycle journeys that convert customers and keep them coming back.

Media contact:

Anastasiya Lvovskaya

PR and Events Manager at GetResponse

Email: alvovskaya@getresponse.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/getresponse-launches-native-countdown-timer-in-email-editor-302750430.html

SOURCE GetResponse S.A.

Continue Reading

Technology

Luxor® Workspaces Introduces CellGuard® Phone Pouch as Schools Expand Cellphone Restrictions

Published

on

By

Pouch System Expands Award-Winning CellGuard® Line, Giving Schools and Districts Flexible, Policy-Compliant Phone Management Solutions

CHICAGO, April 22, 2026 /PRNewswire/ — As school districts across the United States take steps to restrict cellphone use during the school day, Luxor® Workspaces has launched the CellGuard® Phone Pouch, a signal-blocking storage solution designed to help schools enforce phone policies while keeping student devices secure and in their possession. The pouch option expands the CellGuard® line, building on the success of the award-winning CellGuard® Phone Cabinet, recipient of the 2025 EDTech Chronicle “Best in Education” award, to provide an additional solution that supports academic integrity.

Luxor® CellGuard® Phone Pouch is an affordable, signal-blocking, student-managed storage solution.

Momentum around classroom cellphone restrictions continues to accelerate nationwide. As of March 2026, thirty-five states plus the District of Columbia have enacted policies restricting cellphone use in schools. Twenty-seven states have implemented bell-to-bell restrictions, requiring devices to remain inaccessible from the start of the school day until dismissal, and eight states have implemented instruction-time policies, restricting cellphone use during classroom instruction. While these policies are expanding, schools face a practical challenge: how to enforce these policies consistently in the classroom.

With some schools preferring not to take onus of holding student technology, the CellGuard Pouch is a student-managed solution that integrates easily into daily classroom routines, supporting flexibility as students move from classroom to classroom, without adding work for teachers or administrators. Students simply place their phones inside the pouch during instructional time, keeping devices in their possession. RFID signal-blocking material prevents phones from receiving calls, messages, or notifications while inside the pouch by stopping incoming signals, allowing students to maintain possession of their devices while eliminating alerts and digital interruptions that disrupt instruction.

The pouch is constructed from reinforced fabric designed for daily use and features a hook-and-loop closure that produces a loud, audible sound when opened, allowing teachers to quickly identify when a pouch has been accessed during instruction. A lockable D-ring allows schools or students to secure the pouch when needed. The pouch measures approximately 9 inches by 5 inches, fitting most smartphones and smartwatches.

Recent data from a CellGuard survey of 150 K–12 teachers underscores the scale of the issue:

52% say student cellphone use is a major classroom distraction62% say their school is likely to adopt a device-management solution89% say structured phone storage improves classroom focus

“Schools are implementing cellphone restrictions quickly, but consistent enforcement has proven difficult,” said Adam Smith, President of Luxor Workspaces. “The CellGuard Phone Pouch offers a simple, effective solution that’s easy to implement, aligns with school policies, and works seamlessly from day one.”

The CellGuard Phone Pouch expands Luxor Workspaces’ CellGuard classroom device management line, which also includes secure storage cabinets used by schools nationwide to manage student devices and support distraction-free learning environments.

The CellGuard Phone Pouch is available starting at only $16.99 per pouch, with bulk discounts available through Luxor Workspaces and authorized education distributors. Resellers interested in carrying the collection can apply through Luxor’s Authorized Partner Program.

More information is available at:
https://www.shopluxorworkspaces.com/cellguard-classroom-solutions-for-school

ABOUT LUXOR WORKSPACES
For nearly 80 years, Luxor® Workspaces has been a trusted partner in creating solutions for how professionals actually work. We empower people to learn, work, and collaborate more effectively across office, industrial, retail, hospitality, healthcare, and educational settings. The company’s portfolio includes patented KwikBoost EdgePower® on-demand charging stations, KwikBoost® portable power solutions, CellGuard® phone storage cabinets, SideTrak® portable monitors, Tuffy™ multi-purpose utility carts, LuxPower Charging Tower, and more. Guided by real customer needs, Luxor blends quality, value, and style with complementary collections designed to scale with your ever-changing needs.  Learn more at ShopLuxorWorkspaces.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/luxor-workspaces-introduces-cellguard-phone-pouch-as-schools-expand-cellphone-restrictions-302749634.html

SOURCE Luxor Workspaces

Continue Reading

Technology

WOOM LAUNCHES “WOOM EXCHANGE” RESALE MARKETPLACE IN PARTNERSHIP WITH ARCHIVE

Published

on

By

Leading Kids’ Bike Brand Reinforces Commitment to Longevity and Sustainability

AUSTIN, Texas, April 22, 2026 /PRNewswire/ — Today, Earth Day, woom, the premium children’s bike company known for its lightweight, high-quality designs, today announced the launch of woom Exchange, its official branded resale marketplace in partnership with Archive, the leading technology platform powering branded resale.

The announcement reinforces woom’s commitment to sustainability by extending product life cycles and reducing waste. woom bikes are engineered with premium materials and thoughtful design, making them ideal for multiple riders over time, and woom Exchange provides a brand-backed way to keep each bike in circulation longer, maximizing its lifespan while helping more families experience the joy of cycling.

Launching in phases beginning mid-May, woom Exchange will first enable customers to list pre-owned bikes on woom.com, followed by opening the platform for purchases of authenticated, pre-owned models, creating a seamless, brand-operated ecosystem that makes woom more accessible to a broader community.

As demand for secondhand shopping continues to grow among families seeking both value and sustainability—with the baby and kid resale market projected to grow more than 150% in the coming years—woom Exchange formalizes and elevates an already thriving resale community. While woom bikes have long been in high demand on peer-to-peer platforms like Facebook Marketplace, woom Exchange offers a dedicated, brand-backed alternative designed to deliver a more secure, seamless, and trusted experience.

“woom has always been about supporting families throughout their riding journey,” said Lindsey Yosha, Head of Marketing, North America. “With woom Exchange, we’re creating a premium resale experience for families to pass bikes along, offering secure transactions, guaranteed payouts, dedicated support, and flexible options like cash or credit toward their next woom bike. In doing so, we extend the life of every bike and open the door for more kids to experience the joy of riding.”

How It Works
Built with simplicity and flexibility in mind, woom Exchange offers a streamlined experience for both buyers and sellers:

Sellers can quickly list bikes they’re ready to part with through an intuitive flow that captures product condition and recommends optimal pricingBuyers will have local pickup optionsOnce an item sells, sellers can redeem their earnings as cash or opt for credit toward their next woom bike

By offering local pickup as the primary option, the marketplace creates a more dynamic, community-driven experience, giving families greater control over how they transact while helping reduce the environmental impact associated with traditional retail and logistics.

“woom has built an incredibly loyal customer base around a product designed to last and to be passed on,” said Ryan Rowe, Archive co-founder and CTO. “With woom Exchange, we’re creating a resale experience that meets families where they are, offering convenience, trust, and flexibility, while reinforcing the long-term value of every bike. This launch expands our footprint in the kids’ category, where we see real opportunity to build resale programs that match the way families actually shop and think about quality.”

Join woom Exchange
Customers can sign up starting April 22 via the dedicated landing page to be among the first to access woom Exchange. Whether sizing up to the next bike or passing along a well-loved favorite, the platform ensures every ride can have a second life.

For more information, visit www.woom.com and https://woom.com/en_US/woom-exchange-resale and follow @woombikesusa on Instagram.

About woom
woom is a globally acclaimed children’s bicycle company, originally founded in Austria in 2013 and has since expanded internationally to 40 countries worldwide. woom has disrupted the kids’ bike category in North America, as the largest and fastest growing direct-to-consumer brands in the space. Its award-winning bikes included options that are 40% lighter than conventional kids’ bikes, making woom bikes the lightest series-production kids’ bikes in the world. For more information, visit woom.com or @woombikesusa on Instagram.

About Archive
Archive is a technology platform that powers innovative and profitable resale businesses for leading global brands, including The North Face, lululemon, Peloton, Oscar de la Renta, and New Balance. The company’s comprehensive circularity platform enables brands to launch and scale resale businesses that keep products out of landfill, while simultaneously unlocking a new revenue stream, building customer loyalty and driving customer acquisition. Archive was named one of Fast Company’s Most Innovative Companies in Retail in 2024. To learn more, visit archiveresale.com.

Media Contact:
sarah@teambreakpoint.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/woom-launches-woom-exchange-resale-marketplace-in-partnership-with-archive-302749368.html

SOURCE woom™ bikes

Continue Reading

Trending