Technology

Building Information Management System Market to Grow by USD 15.99 Billion from 2024-2028, Driven by Rising Global Construction Projects, AI’s Role in Shaping the Market Landscape – Technavio Report

Published

2 years ago

August 30, 2024

NEW YORK, Aug. 30, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global building information management system market size is estimated to grow by USD 15.99 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 13.26% during the forecast period. Rise in global construction projects is driving market growth, with a trend towards integration of cloud-based solutions for real-time collaboration. However, high implementation and operational costs for building information management systems poses a challenge. Key market players include ACCA software Spa, Accruent, Acuity Brands Inc., Autodesk Inc., Azbil Corp., Bentley Systems Inc., Bricsys NV, Delta Controls Inc., Eleco Plc, Honeywell International Inc., Johnson Controls International Plc., Nemetschek SE, Procore Technologies Inc., RIB Software GmbH, Schneider Electric SE, Siemens AG, Trane Technologies plc, Trimble Inc., and Vantage-BMS.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Sector (Commercial, Residential, Industrial, and Institutional), Type (Software and Hardware), and Geography (Europe, North America, APAC, South America, and Middle East and Africa)

Region Covered

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

Key companies profiled

ACCA software Spa, Accruent, Acuity Brands Inc., Autodesk Inc., Azbil Corp., Bentley Systems Inc., Bricsys NV, Delta Controls Inc., Eleco Plc, Honeywell International Inc., Johnson Controls International Plc., Nemetschek SE, Procore Technologies Inc., RIB Software GmbH, Schneider Electric SE, Siemens AG, Trane Technologies plc, Trimble Inc., and Vantage-BMS

Key Market Trends Fueling Growth

In the Building Information Management System (BIM) market, the integration of cloud-based solutions is a significant trend. Cloud technology enables real-time collaboration among architects, engineers, and construction professionals, regardless of their locations. This integration facilitates instantaneous updates and access to shared data, leading to increased efficiency and fewer errors. Notable companies offering cloud-based BIM solutions include Autodesk Inc. With BIM 360, Trimble Solutions Corporation with Trimble Connect, and Bentley Systems incorporated with ProjectWise. These platforms allow teams to work on the same model simultaneously, reducing delays and conflicts. The use of cloud-based BIM solutions streamlines workflows, enhances communication, and provides a single source of truth for project data. As technology advances, the ability to work collaboratively from different locations will become essential for successful project outcomes. Consequently, the integration of cloud-based solutions is expected to fuel the growth of the global BIM market during the forecast period.

The Building Information Management System (BIMS) market is experiencing significant growth due to increasing infrastructure projects and smart city initiatives. BIMS technologies, including 3D models and digital twins, are revolutionizing the global construction industry by enabling computer-controlled production and improved facility management. Utilities, transportation, and various sectors such as commercial, residential, industrial, and educational institutes are embracing BIMS to optimize energy spending through preventive maintenance and real-time monitoring of HVAC, lighting systems, and other energy-consuming assets. BIMS also enhances security management, emergency management, and professional services through IoT sensors, AI, and cloud platforms. Construction professionals, including civil engineers, architects, consultants, construction supervisors, and building contractors, are leveraging BIMS to streamline projects and improve overall efficiency.

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Market Challenges

Building information management systems (BIMS) are essential tools for managing construction projects and facilities, but their implementation and operational costs can be substantial. The initial investment for BIMS can range from USD20,000 to USD5 million, including software purchases, infrastructure upgrades, and system integrations. For large-scale or complex projects, costs can exceed USD10 million. Ongoing maintenance, which includes software updates, technical support, and data management, adds to the financial burden, with annual costs ranging from USD50,000 to USD500,000. Training staff to use BIMS effectively also requires an investment, with costs varying based on the number of users and the depth of training required. These high costs can be a significant barrier to adoption, particularly for smaller organizations or projects with limited budgets. Consequently, the substantial costs associated with BIMS may hinder the growth of the global building information management system market during the forecast period.The Building Information Management System (BIMS) market is growing rapidly as more building owners recognize the benefits of digitizing their operations. However, implementing a BIMS comes with challenges. Preventive maintenance, facility management, security management, energy management, infrastructure management, and emergency management require seamless integration. Professional services and managed services are essential for successful implementation. BIMS caters to various sectors, including residential, commercial, and industrial. Commercial buildings like office buildings, educational institutes, airports, and railways, as well as residential premises, benefit from BIMS. Industrial applications include factories, production plants, distribution facilities, and warehouses. Construction, civil engineers, architects, consultants, construction supervisors, and building contractors are key stakeholders in the BIMS value chain. Sensors, AI, cloud platforms, software, and machine learning are critical components of BIMS. The construction phase is a crucial time to implement BIMS, ensuring optimal use of resources and efficient project delivery.

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Segment Overview

This building information management system market report extensively covers market segmentation by

Sector 1.1 Commercial1.2 Residential1.3 Industrial1.4 InstitutionalType 2.1 Software2.2 HardwareGeography 3.1 Europe3.2 North America3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Commercial- The Building Information Management System (BIMS) market is growing as more businesses recognize its benefits. BIMS streamlines construction projects by managing data related to design, construction, and facility management. This leads to improved project efficiency, reduced costs, and enhanced collaboration among team members. Companies in the architecture, engineering, and construction industries are increasingly adopting BIMS to optimize their operations. The market is expected to continue expanding due to the increasing demand for better project management solutions.

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

Research Analysis

The Building Information Management System (BIMS) market is experiencing significant growth due to the increasing adoption of digital technologies in the global construction industry. Infrastructure projects and smart city initiatives are driving the demand for BIMS, as they require advanced systems to manage complex data and optimize resources. BIMS utilizes computer-controlled production, 3D models, digital twins, and BMS technologies to enhance building operations. IoT sensors, AI, and cloud platforms are integral components of BIMS, enabling real-time monitoring and predictive maintenance for HVAC, lighting systems, and energy management. Building owners benefit from improved facility and security management, reducing energy spending and enhancing overall operational efficiency. Civil engineers and construction professionals leverage BIMS software to streamline project planning, design, and execution.

Market Research Overview

The Building Information Management System (BIMS) market is experiencing significant growth due to the increasing adoption in various sectors, including infrastructure projects and smart city initiatives. BIMS enables computer-controlled production, digital twin technology, and facility management in the global construction industry. Utilities, transportation, and various sectors such as HVAC, lighting systems, and energy management are leveraging BIMS for energy spending optimization, preventive maintenance, and improved efficiency. BIMS technologies are integrated with Internet of Things (IoT) sensors and AI, including machine learning, to monitor and manage building operations. The market spans across various sectors, including residential, commercial, and industrial, encompassing commercial buildings, residential premises, office buildings, educational institutes, airports and railways, factories, production plants, distribution facilities, and warehouses. Building owners, civil engineers, architects and consultants, construction supervisors, and building contractors are key stakeholders in the BIMS market. BIMS solutions offer professional services and managed services to cater to the diverse needs of clients. The market is expected to continue its growth trajectory due to the increasing demand for efficient and sustainable building management systems.

Table of Contents:

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

SectorCommercialResidentialIndustrialInstitutionalTypeSoftwareHardwareGeographyEuropeNorth AmericaAPACSouth 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/

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SOURCE Technavio

Technology

Haloid Solutions Expands Access to Radio Equipment by Offering Flexible Financing and Leasing Solutions Named HaloidFLEX

Published

3 hours ago

April 18, 2026

NEW YORK, April 18, 2026 /PRNewswire/ — As part of Haloid Solutions’ long-term commitment to helping businesses and municipalities acquire critical communications equipment despite budgetary constraints, Haloid now offers specialized financing and leasing programs through its HaloidFLEX program.

Designed to ensure that companies and governments have the equipment they need without costly capital expenditures outlays, HaloidFLEX offers financing for equipment purchased directly from manufacturers or local radio dealers. HaloidFLEX financing offers zero percent and low-interest options as well as predictable monthly payments for qualified buyers. HaloidFLEX clients can even opt to incorporate extended support services and protections into their financing to prepare for accidents, theft, or equipment losses. This gives companies peace of mind with one low monthly payment.

For organizations that don’t want or need to own equipment long-term, the HaloidFLEX leasing program offers similar benefits with potential tax advantages. Companies can lease brand new equipment and upgrade or return it at lease-end as needed. For companies seeking flexible options – or those that are interested in upgrading to the latest technology as it becomes available – leasing makes perfect sense.

One of the added benefits of each program is that HaloidFLEX allows clients to bundle services and protections that would normally be billed separately. Accidental damage, theft, and loss protections can be put in place, so that there’s never a lapse in communication if a radio fails. Extended warranties are also available upon request, so companies can customize their financing and protection to fit their budget and safeguard their equipment simultaneously.

According to a Haloid Solutions spokesperson, “Bundling expenses simply makes sense. It reduces the need for multiple policies and flexes with organizations to ensure critical communication equipment is available when needed while guaranteeing that the company’s investment is protected for the life of the equipment.”

HaloidFLEX financing and leasing programs are available to qualified businesses and municipalities nationwide. To learn more or request a customized quote, visit HaloidSolutions.com.

About Haloid Solutions

Haloid Solutions is the go-to resource for U.S. businesses and municipalities in search of financing and leasing for two-way radios, walkie talkies, communications equipment, accessories, and services. Focused on reliability, affordability, and performance, Haloid strives to equip professionals in all communication-based industries with the resources they need most.

For more information about Haloid Solutions, or details about the HaloidFLEX financing or leasing programs, please visit https://haloidsolutions.com/collections/lmr-radio-financing-and-leasing-and-subscription-low-cost-payment-options-for-2-way-radio-equipment or contact us on our website.

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SOURCE HALOID SOLUTIONS

Technology

CAS Holdings Appoints Patrick McDermott as Chief Executive Officer

Published

4 hours ago

April 18, 2026

Leadership Transition Positions CAS Holdings for Continued Growth and Customer-Focused Innovation

FRANKLIN, Mass., April 18, 2026 /PRNewswire/ — CAS Holdings, a leader in industrial automation distribution, engineering, and integration, is pleased to announce that Patrick McDermott has been named Chief Executive Officer.

McDermott previously served as President and Chief Revenue Officer, where he played a key role in driving growth across the organization, strengthening customer relationships, and leading teams with a clear focus on execution and results.

In his new role as CEO, McDermott will lead CAS Holdings into its next phase of growth, building on the company’s strong foundation and continued commitment to delivering value to customers, partners, and employees.

“I’m honored to step into the role of CEO at CAS Holdings,” said McDermott. “Over the past year, I’ve had the opportunity to work alongside an incredible team, support our customers, and help drive the growth of our organization. I’m excited to build on that momentum as we move into our next chapter.”

CAS Holdings, through its divisions including iAutomation and RND Automation, delivers a full spectrum of industrial automation solutions – from product distribution and technical support to custom machine building and system integration. Serving OEM machine builders and end-users, the company brings deep expertise in motion control, robotics, and vision, along with value-added capabilities such as kitting, sub-assembly, panel building, and turnkey automation systems, acting as an extension of its customers’ engineering and production teams.

McDermott’s leadership will focus on advancing CAS Holdings’ strategic initiatives, strengthening its market position, and continuing to deliver innovative automation solutions that support customers across a wide range of industries.

“We have a strong foundation, a talented team, and a clear direction. I’m looking forward to what we’ll accomplish together,” McDermott said. “Our focus remains on supporting our customers with responsive, local expertise, strong supplier partnerships, and the engineering and production capabilities they rely on to keep their operations running and growing.”

About Complete Automation Solutions Holdings

Complete Automation Solutions Holdings (CAS Holdings) is dedicated to empowering industrial automation companies, including those in the packaging industry, to achieve optimal efficiency and success. With a diverse portfolio encompassing industrial distribution, panel building and assembly, system integration, and robotics, CAS Holdings provides comprehensive packaging machines and solutions tailored to meet industry needs. The company prioritizes strong partnerships, expert engineering, and innovative solutions, ensuring sustainable practices and continuous improvement. CAS Holdings envisions a future where its transformative automation solutions redefine industry standards and drive growth. Committed to transparency and collaboration, CAS Holdings aims to be the most trusted partner in the automation sector.

Press Contact:

Erika Jacques
508-838-8012
http://www.iautomation.com/

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SOURCE CAS Holdings, Inc.

Technology

Vipboss Marks Earth Day with Renewed Commitment to Green Energy Solutions

Published

5 hours ago

April 18, 2026

NEW YORK, April 18, 2026 /PRNewswire/ — As Earth Day draws global attention to environmental responsibility, Vipboss, a specialist manufacturer and developer of lithium iron phosphate (LiFePO4) battery packs for energy storage and mobility applications, is underscoring its long‑term commitment to sustainable energy practices through its Environmental Advocacy. This advocacy is devoid of ornate language; its inspiration stems from the brand’s unwavering conviction in LiFePO4 batteries as a green energy solution. To align this message with practical action, the brand is also running a themed sales campaign on its official website during April 18th to 30th. It highlights how practical product solutions, rather than abstract concepts, can support cleaner energy use in everyday life.

Across the world, energy consumption patterns are undergoing rapid change. Households, outdoor users, and light‑mobility sectors are increasingly seeking energy systems that are safe, sustainable, and low‑emission. Within this shift, LiFePO4 batteries have emerged as a preferred technology for clean‑energy applications. Their long service life, high safety profile, and absence of cobalt, which is an element associated with higher environmental and ethical risks, position them as a responsible choice in the global transition toward greener power.

LiFePO4 technology forms the foundation of Vipboss’s approach to sustainable energy. Its extended cycle life reduces the frequency of battery replacement, lowering resource consumption and easing the environmental burden associated with disposal. The material’s inherent stability also minimizes the risk of thermal runaway, offering a safer experience in homes, recreational vehicles, and public environments. In practical use cases such as home backup systems, RV travel, and golf‑course operations, LiFePO4 batteries deliver efficient storage and stable output, helping reduce reliance on fossil‑fuel‑based energy sources and supporting lower‑carbon lifestyles.

Vipboss’s environmental advocacy extends beyond the technical advantages of its products. The brand promotes responsible energy use as an integral part of sustainable living, emphasizing that product design and informed application must work together to achieve meaningful environmental outcomes. As a provider of energy solutions for home, travel, and leisure scenarios, Vipboss continues to participate in the long‑term process of green transformation through ongoing technological refinement and product evolution.

Earth Day serves as a reminder that lasting environmental impact is built through small, consistent actions. Looking ahead, Vipboss will continue advancing safer, more durable, and more efficient energy products that support individuals and families in adopting more sustainable energy habits. Through these efforts, the brand aims to contribute enduring value to the wider adoption of clean energy and the collective pursuit of a more sustainable future.

About Vipboss

Vipboss is a specialist in the lithium battery industry, focusing on the research, production, and manufacturing of lithium iron phosphate (LiFePO4) battery packs. The company is committed to advancing battery technology with an emphasis on reliable performance, safety, and extended service life. Its mission is to deliver safe, efficient, and environmentally responsible energy solutions that contribute to a cleaner, more sustainable future.

For more information, please visit: https://vipbosspower.com/.

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