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Building Information Modeling (BIM) Software Market Set to Surge: Expected to Reach USD 17.59 Billion by 2031: Market Research Intellect

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2 years ago

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The Building Information Modeling (BIM) Software market is set for explosive growth, expanding at a 19.9% CAGR between 2024 and 2031. This surge is driven by increasing demand for efficient project management, rising adoption of advanced digital construction tools, and government mandates for BIM usage in infrastructure projects. As the construction industry shifts towards sustainable and smart building practices, BIM software is becoming essential for designing, managing, and operating modern structures, further fueling market growth.

LEWES, Del., Aug. 16, 2024 /PRNewswire/ — The Building Information Modeling (BIM) software market is projected to grow from USD 4.73 Billion in 2024 to USD 17.59 Billion by 2031, reflecting a compound annual growth rate (CAGR) of 19.9%. This significant expansion underscores the increasing adoption of BIM technology across the construction and infrastructure sectors.

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202 – Pages
126 – Tables
37 – Figures

Scope Of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Autodesk, Bentley Systems, Trimble, Nemetschek, Graphisoft, RIB Software, Dassault Systèmes, and AccuRender.

SEGMENTS COVERED

By Deployment Type, By Application, By End-User and By Region

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Building Information Modeling (BIM) Software Market Overview

1. Market Size and Forecast

The Building Information Modeling (BIM) software market is expected to expand significantly, from USD 4.73 billion in 2024 to USD 17.59 billion by 2031. This growth represents a robust compound annual growth rate (CAGR) of 19.9%. The substantial increase is driven by the increasing need for advanced software solutions in the construction and infrastructure sectors. As BIM technology becomes integral to project planning, design, and management, the market’s expansion reflects the growing recognition of its value in enhancing operational efficiency and project outcomes.

2. Key Market Drivers

Several factors are fueling the growth of the BIM software market. The increasing adoption of digital technologies in construction, coupled with the demand for more efficient project management and collaboration tools, is a major driver. Government regulations mandating BIM for public infrastructure projects also contribute to the market’s expansion. Additionally, the shift towards sustainable and smart building practices emphasizes the need for BIM solutions to streamline processes and ensure accurate, data-driven decision-making throughout the project lifecycle.

3. Technological Advancements

Technological advancements are a crucial driver of the BIM software market’s growth. Innovations such as cloud-based BIM solutions, real-time data analytics, and integration with other digital tools enhance the functionality and efficiency of BIM software. These advancements enable improved collaboration, data sharing, and project management, addressing the growing complexity of construction projects. As technology evolves, BIM software continues to advance, offering more sophisticated features and capabilities that cater to the evolving needs of the construction industry.

4. Market Segmentation

The BIM software market is segmented based on deployment type, application, end-user, and region. Deployment types include on-premises and cloud-based solutions, with cloud-based options gaining traction due to their scalability and accessibility. Applications span across architecture, engineering, and construction (AEC) sectors, with end-users ranging from small firms to large enterprises. Regional segmentation highlights varying adoption rates and market dynamics across North America, Europe, Asia-Pacific, and other regions, influenced by local regulations, industry growth, and technological advancements.

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5. Regional Analysis

The regional analysis of the BIM software market reveals significant growth opportunities across different areas. North America, led by the U.S., holds a substantial market share due to early adoption and technological advancements. Europe follows, driven by stringent regulations and a focus on sustainable construction. The Asia-Pacific region is expected to experience rapid growth, fueled by infrastructure development and increased investments in digital technologies. Emerging markets are also showing potential, driven by growing urbanization and infrastructure projects.

6. Competitive Landscape

The competitive landscape of the BIM software market features a mix of established players and emerging innovators. Key market participants include Autodesk, Bentley Systems, Trimble, and Nemetschek, which offer comprehensive BIM solutions with varying features and specializations. The market is characterized by ongoing product development, strategic partnerships, and mergers and acquisitions, as companies seek to enhance their offerings and gain a competitive edge. Innovation and customer-centric approaches are crucial for maintaining market leadership and addressing evolving industry needs.

7. Challenges and Restraints

Despite its growth prospects, the BIM software market faces several challenges. High implementation costs and the complexity of integrating BIM with existing systems can be barriers for smaller firms. Additionally, the need for skilled personnel to effectively use BIM software poses a challenge. Resistance to change within traditional construction practices may also slow adoption. Addressing these challenges requires ongoing advancements in technology, cost-effective solutions, and comprehensive training programs to facilitate widespread adoption and maximize the benefits of BIM.

8. Future Outlook

The future outlook for the BIM software market is highly positive, driven by continued technological advancements and increasing adoption across various sectors. The integration of artificial intelligence, machine learning, and augmented reality into BIM solutions is expected to further enhance their capabilities and appeal. As the construction industry increasingly embraces digital transformation, BIM software will play a crucial role in shaping the future of project management, design, and construction. The market’s growth trajectory reflects the growing importance of BIM in achieving efficient, sustainable, and innovative building practices.

Geographic Dominance:

The Building Information Modeling (BIM) Software market exhibits notable geographic dominance, with significant growth driven by various regions. North America leads, particularly the U.S., due to early adoption, advanced technological infrastructure, and a strong focus on innovation. The region’s high investment in infrastructure and construction projects further supports its market dominance. Europe follows closely, where stringent regulations and a commitment to sustainable construction practices drive BIM adoption.

The Asia-Pacific region is experiencing rapid growth, propelled by robust urbanization, infrastructure development, and increased digital technology investments in countries like China, India, and Japan. Emerging markets in Latin America and the Middle East are also gaining traction, supported by rising infrastructure projects and urban development. As these regions continue to embrace digital transformation, their contributions to the global BIM software market are expected to expand, shaping the future landscape of the industry.

Building Information Modeling (BIM) Software Market Key Players Shaping the Future

The Building Information Modeling (BIM) software market is significantly influenced by several key players, including Autodesk, Bentley Systems, Trimble, Nemetschek, Graphisoft, RIB Software, Dassault Systèmes, and AccuRender. These companies are leading the market with their innovative solutions and advanced technologies, shaping the future of BIM by driving digital transformation and enhancing project management, design, and collaboration across the construction and infrastructure sectors.

Building Information Modeling (BIM) Software Market Segment Analysis

Based on the research, Market Research Intellect has segmented the global Biometric Systems Market into Product, Vehicle Type, And Geography.

By Deployment Type

On-Premises: Traditional software installed and operated on local servers, offering high security and customization but requiring significant upfront investment and maintenance.Cloud-Based: Increasingly popular due to its scalability, accessibility, and lower upfront costs. It facilitates real-time collaboration and updates but relies on internet connectivity.

By Application

Architecture: Focuses on design and planning phases, enhancing visualization, and coordination among stakeholders.Engineering: Includes structural, MEP (mechanical, electrical, plumbing), and civil engineering applications, optimizing the design and analysis of complex systems.Construction: Supports project management, scheduling, and cost estimation, improving efficiency and reducing errors during the construction phase.

By End-User

Small and Medium Enterprises (SMEs): Benefit from cost-effective solutions and streamlined workflows, often focusing on specific aspects of BIM.Large Enterprises: Require comprehensive and scalable BIM solutions to manage complex and large-scale projects across multiple disciplines and locations.

By Region

North America: Leads in market share due to early adoption, technological advancements, and substantial infrastructure investments.Europe: Driven by regulatory requirements and a strong focus on sustainable building practices.Asia-Pacific: Rapid growth due to urbanization, infrastructure development, and increasing adoption of digital technologies.Latin America and Middle East: Emerging markets with growing infrastructure projects and increasing BIM adoption.

Internet, Communication, and Technology (ICT) category

The Building Information Modeling (BIM) software market is a pivotal sector within the Internet, Communication, and Technology (ICT) category, transforming how construction and infrastructure projects are designed and managed. BIM software facilitates the creation of detailed 3D models, improving accuracy, efficiency, and collaboration throughout a project’s lifecycle. The market is rapidly expanding, driven by technological advancements, increased adoption of cloud-based solutions, and growing demand for integrated project management tools. Key players such as Autodesk, Bentley Systems, and Trimble are at the forefront, offering innovative solutions that enhance design, visualization, and coordination. The shift towards digital transformation in construction and infrastructure is fueling the growth of BIM software, making it an essential tool for modern project execution and management.

The Building Information Modeling (BIM) software market, a crucial component of the Internet, Communication, and Technology sector, is experiencing significant growth. BIM software revolutionizes the construction industry by providing detailed 3D models that improve project accuracy and collaboration. Technological innovations and the rise of cloud-based solutions are driving this expansion. Major companies like Autodesk and Bentley Systems are leading the charge, offering advanced tools that enhance design and project management. As the construction sector embraces digital transformation, BIM software is becoming indispensable for efficient and effective project execution.

Our related Reports

Global 3D Building Design and Building Information Modeling BIM Software Market is categorized based on Type (Cloud-Based, On-Premise) and Application (Architect, AEC Engineering Office, Contractor, Owner, Others) and geographical regions.

Global Building Information Modeling BIM Extraction Software Market is categorized based on Type (On-premise Software, Cloud-based Software) and Application (Water and Waste Water, Rail Transit and Aviation, Energy Generation Facilities, Roads, Bridges, and Highways, Houses and Apartments, Factories and Warehouses, Educational Institutes and Commercial Spaces, Government Buildings, Dams) and geographical regions.

Global  Building Information Modeling Outsourcing Services Market is categorized based on Type (Information Outsourcing, Service Outsource) and Application (Large Enterprise, Small Enterprise) and geographical regions.

Global Virtual Mailbox Software Market is categorized based on Application (Virtual Mailbox Solutions, Mail Scanning Services, Virtual Address Services, Digital Mail Management, Mail Forwarding Services) and Product (Mail Handling, Remote Work, Business Operations, Personal Mail Management) and geographical regions.

Global Private Plane Market is categorized based on Application (Light Jets, Mid-size Jets, Heavy Jets, Turboprops, Very Light Jets) and Product (Corporate Travel, Personal Travel, Air Ambulance, Charter Services, Government, Training) and geographical regions.

About Us: Market Research Intellect

Welcome to Market Research Intellect, where we lead the way in global research and consulting, proudly serving over 5,000 esteemed clients worldwide. Our mission is to empower your business with cutting-edge analytical research solutions, delivering comprehensive, information-rich studies that are pivotal for strategic growth and critical revenue decisions.

Unmatched Expertise: Our formidable team of 250 highly skilled analysts and subject matter experts (SMEs) is the backbone of our operations. With extensive training in advanced data collection and governance, we delve into over 25,000 high-impact and niche markets. Our experts seamlessly integrate modern data collection techniques, robust research methodologies, and collective industry experience to produce precise, insightful, and actionable research.

Diverse Industry Coverage: We cater to a wide array of industries, ensuring that our insights are both relevant and specialized. Our expertise spans: Energy, Technology, Manufacturing and Construction, Chemicals and Materials, Food and Beverages

Having collaborated with numerous Fortune 2000 companies, we bring unparalleled experience and reliability to meet all your research needs. Our proven track record reflects our commitment to excellence and client satisfaction.

Contact Us:
Mr. Edwyne Fernandes
Market Research Intellect
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Email: sales@marketresearchintellect.com
Web: https://www.marketresearchintellect.com/

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Technology

Applications open for the Pamela Tobey Award for Excellence in Visual Storytelling

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49 seconds ago

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June 9, 2026

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WASHINGTON, June 9, 2026 /PRNewswire/ — Journalists who are redefining how stories are told for digital audiences are invited to apply for the 2026 Pamela Tobey Award for Excellence in Visual Storytelling, a $1,000 prize and national recognition from the National Press Club Journalism Institute.

This annual design award recognizes visual journalism that pushes the boundaries of storytelling beyond text and rewards creative uses of data visualization, interactivity, photography, videography, audio, illustration, and emerging tools.

Journalists and newsrooms of all sizes, including independent and non-traditional creators who meet journalistic standards, can apply using this link.

Eligible entries must demonstrate:

A clear, compelling story shaped by strong editorial and design decisionsInnovative use of at least three non-text storytelling elements (such as data visualization, interactivity, photography, video, audio, illustration, or emerging media)A focus on engaging digital audiences through thoughtful, creative presentation

Entries must have been published between January 1 and June 2026.

Creator(s) of the winning project will receive a $1,000 cash prize, national recognition, and the opportunity to share their expertise with peers through a National Press Club Journalism Institute training. The recipient will also be honored at the National Press Club’s Journalism Awards Dinner on August 26.

Applications are open through July 20, 2026, and there is no entry fee.

Last year’s award went to a Reuters team for “The unexploded bombs of Gaza,” recognized for its powerful integration of illustration, photography, color, and data to convey scale and impact in ways traditional formats could not.

How to apply:

Entries may be submitted by journalists or their employers (up to three entries per organization)Submissions must include a working, accessible URL (paywalled entries must include access instructions)Non-traditional entrants should include a brief statement outlining editorial independenceThe winner agrees to lead a design-focused training within three months of receiving the award

About the Pamela Tobey Award for Excellence in Visual Storytelling

Launched in 2025, the Pamela Tobey Award for Excellence in Visual Storytelling was established through the generosity of Rick Dunham, former president of the National Press Club and the Institute, and his wife, Pamela Tobey, a distinguished former graphics editor at The Washington Post. Their support, along with an initial contribution from the Calvert K. Collins Family Foundation, ensures the Institute can both recognize outstanding work and invest in the future of visual journalism through training and professional development.

To contribute to the Pamela Tobey Award for Excellence in Visual Storytelling, please use this link.

About the National Press Club Journalism Institute
The National Press Club Journalism Institute promotes First Amendment values by equipping journalists in Washington, D.C., and nationwide with the skills, knowledge, standards, resources and networks to empower and inform the public. As the non-profit affiliate of the National Press Club, the Institute powers journalism in the public interest.

Media Contact: Beth Francesco, NPCJI executive director, bfrancesco@press.org, 202-662-7507

View original content to download multimedia:https://www.prnewswire.com/news-releases/applications-open-for-the-pamela-tobey-award-for-excellence-in-visual-storytelling-302795755.html

SOURCE National Press Club Journalism Institute

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Technology

TaxDome Launches Kiosk: The In-Person Client Experience, Now Digitally Integrated

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50 seconds ago

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June 9, 2026

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NEW YORK, June 9, 2026 /PRNewswire/ — TaxDome announced the launch of TaxDome Kiosk, the first modern practice management platform to bring the full in-office client visit — signatures, payments, document review, and scanning — into the same automated workflow as every other client interaction.

Instead of a stack of paper to scan after the client leaves, everything they sign, pay, and hand over flows directly into TaxDome, progressing workflows. A signed form advances the job, a payment closes the invoice, a scanned document files itself, all automatically. For the first time, offline activity becomes part of the firm’s system of record and its system of action.

The experience is already familiar. Clients who would never log into a portal have spent years checking in on tablets at the doctor’s office, the pharmacy, the DMV. TaxDome Kiosk works the same way — big buttons, guided steps, a screen handed across the desk. There’s nothing to teach, they already know how it works.

“AI is going to change an enormous amount about how firms operate, and fast,” said Ilya Radzinsky, Co-founder of TaxDome. “But a meaningful share of many firms’ revenue still walks through the front door — often their longest-tenured clients — and that’s true right now, this tax season. Those visits shouldn’t sit outside the system. TaxDome Kiosk brings them in. And because clients experience the digital workflow firsthand on the tablet, it becomes the bridge that turns many of them into hybrid or even fully digital clients over time.”

For the past decade, the in-office visit has been the one workflow that stayed manual — print, sign, scan, re-enter — even inside otherwise digital firms. TaxDome Kiosk closes that gap. Every client, one system, no exceptions.

Client bases grew 22% in 2025 while team headcount grew only 10%, according to TaxDome’s 2025 Accounting Industry Index. Firms are absorbing that growth through technology and streamlined operations — doing more with the same team. But that only works if every workflow is digital. The in-office visit was one of the last that wasn’t.

In its first month in beta, firms ran more than 1,000 in-office client interactions through TaxDome Kiosk.

“I think [TaxDome] Kiosk is going to be a MAJOR game changer for those clients who insist on still doing everything on paper,” said Alison Mora, Owner of Mora Chapman CPAs.

TaxDome Kiosk runs on a firm-owned tablet via the TaxDome Firm Mobile App, resets automatically between visits, and is available now at taxdome.com/kiosk.

About TaxDome
TaxDome is the leading practice management platform built for tax, bookkeeping and full-service accounting firms. Trusted by 15,000+ practices in 25+ countries, its client app rates at 4.9 stars with 35,000+ reviews and is regularly listed as one of the Top 100 on the iOS App Store. TaxDome empowers firms of every size with an award-winning platform that helps them scale and run their firm while also providing their clients with an experience that rivals the world’s top consumer brands.

Media Contact:
Kara Prior
210-846-4486
416477@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/taxdome-launches-kiosk-the-in-person-client-experience-now-digitally-integrated-302795764.html

SOURCE TaxDome

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Technology

PUDO Inc. reports FY 2026 year end results

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52 seconds ago

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June 9, 2026

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TORONTO, June 9, 2026 /CNW/ – PUDO Inc. (“PUDO” or the “Company”) (CSE: PDO) (OTCQB: PDPTF), today filed audited financial results and operational highlights for the Fiscal 2026 year ended February 28, 2026 (“FY 2026”).

Year over Year

FY 2026

FY 2025

% Change

   Revenue from Operations

$5,612,736

$4,150,465

35.2 %

   Gross Profit

$1,876,731

$1,429,868

31.3 %

   Comprehensive loss for the period

($301,558)

($106,078)

184.3 %

PUDO CEO, Elliott Etheredge, commented on the results, “Fiscal year 2026 was another year of strong growth as we generated 35% revenue growth, increased our customer base, and grew the PUDOpoint network.  During the year we not only saw a significant increase in volume, we also made significant investments in our team by adding top tier professionals to lead our network expansion, our logistics operations, and our IT development.  These new team members have greatly improved our ability to grow the network and onboard new customers much more quickly.  As a result, we are engaged in exciting opportunities to expand into new markets in the United States with the support of new enterprise level customers.”

The PUDO team has been working very aggressively during the year to expand our customer base, our geographic coverage, and our service capabilities.  During the course of FY 2026 we saw continued improvement in top line growth and the level of engagement with our customers.  We are encouraged that this will continue into next year.

PUDO continues to expand the reach, scalability, and operational capacity of its parcel services, further strengthening its position as a key enabler within the evolving e-commerce logistics ecosystem. Through the continued growth of its PUDOpoint network and the development of strategic partnerships with leading retailers, SaaS platforms, and third-party logistics (“3PL”) providers, PUDO is enhancing the efficiency and convenience of parcel delivery and returns for both merchants and consumers.

These initiatives are helping to create a more flexible, accessible, and customer-centric experience, while also supporting partners in optimizing last-mile delivery operations, reducing logistics costs, and improving overall supply chain efficiency. As e-commerce volumes and consumer expectations continue to evolve, PUDO remains focused on delivering scalable solutions that address the growing demand for convenient parcel pickup, returns, and consolidation services.

A complete copy of the audited consolidated financial statements and the Management’s Discussion and Analysis Report for the year ended February 28, 2026, can be found on the CSE website at www.thecse.com and on SEDAR at http://www.sedar+.com/ .

To signup for the PUDO News Feed please subscribe at https://pudopoint.com/investors/.

For more information, please visit www.pudopoint.com

About PUDO Inc.

PUDO Inc. is North America’s only independent parcel pick-up and drop-off counter network. 

PUDO has created a Network of more than 1,950 storefront partners known as PUDOpoint Counters, strategically located very near to where people live, work and play.

PUDO partners with retailers and logistics providers to offer a last-mile pick-up and returns network for ecommerce shoppers that reduces cost, increases convenience and provides package security to the last-mile of package logistics.  Visit: www.pudopoint.com.

Information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws, such as statements regarding estimated revenues from new contracts, increased parcel volume, activation and implementation of PUDO’s technology and possible future expansions of PUDO’s operations. This information is based on current expectations and assumptions of management, including assumptions concerning PUDO’s ability to integrate its new customers into its network and successfully execute on its new and existing contracts. The use of any of the words “anticipate”, “believe”, “expect”, “plan”, “intend”, “can”, “will”, “should”, and similar expressions are intended to identify forward-looking statements. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, without limitation, uncertainties with respect to service implementation, the economic results of the relationship on the operations of the Company, changes in general economic, market, or business conditions, and those risks set out in the Company’s public documents filed on SEDAR. This press release, in particular the information in respect of estimated revenues, may contain future-oriented financial information or financial outlook within the meaning of applicable securities laws. Such future-oriented financial information or financial outlook has been prepared for the purpose of providing information about management’s reasonable expectations as to the anticipated results of its proposed business activities. Readers are cautioned that reliance on such information may not be appropriate for other purposes.

The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by law.

SOURCE PUDO Inc.

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