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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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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:
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Market Research Intellect
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Technology

Portland General Electric declares dividend

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PORTLAND, Ore., July 24, 2026 /PRNewswire/ — The board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.55125 per share.

The company’s dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term.

The quarterly dividend is payable on or before October 15, 2026, to shareholders of record at the close of business on September 25, 2026.

About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company’s amount and timing of dividends payable as well as other statements containing words such as “committed to,” “targets,” or similar expressions.

There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; the timing or amount of dividends paid; the timing or outcome of various legal and regulatory actions; changes in the Company’s business strategy; increases in capital expenditures; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE’s credit ratings and outlook on such credit ratings restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the United States Securities and Exchange Commission (SEC), including our annual report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports on Form 10-Q. These reports are available through the EDGAR system free-of-charge on the SEC’s website, www.sec.gov and on the Company’s website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067

Investor Contact:
Erin Schwartz
Investor Relations
Phone: 503-464-7751

View original content:https://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-302834503.html

SOURCE Portland General Company

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Technology

Care Career Announces Acquisition of MAS Medical Staffing, Completing Its First Acquisition Phase and Expanding Annual Revenue Beyond $150 Million, with a Path to Exceed a Quarter Billion by the End of 2026 Through Additional Acquisitions and Organic Growth

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WOODBRIDGE, N.J., July 24, 2026 /PRNewswire/ — Care Career, a rapidly growing healthcare workforce technology organization, today announced the acquisition of MAS Medical Staffing, one of the Northeast’s leading healthcare workforce organizations. Financial terms of the transaction were not disclosed.

The acquisition represents Care Career’s seventh strategic acquisition in the past 24 months, further strengthening the company’s position as one of the largest healthcare workforce organizations in the United States while accelerating its strategy to redefine the future of healthcare workforce management through artificial intelligence, enterprise technology, and workforce innovation.

MAS Medical Staffing has built an outstanding reputation for delivering high-quality workforce solutions through strong client relationships, exceptional clinician engagement, and deep regional expertise throughout the Northeastern United States. The acquisition significantly expands Care Career’s geographic footprint while broadening its access to healthcare professionals, client relationships, workforce data, and regional market intelligence.

Care Career is building a technology-enabled workforce ecosystem powered by its AI-powered workforce platform, where every acquisition contributes not only additional market presence, but also expanded data, enhanced artificial intelligence capabilities, digital innovation, and operational scale that continuously improve the experience for clients and clinicians alike. As the platform grows, every clinician engagement, client interaction, credential, placement, and workforce trend strengthens the intelligence of Career’s technology, creating a continuously improving ecosystem designed to deliver faster, smarter, and more effective workforce solutions.

The acquisition also brings MAS Medical Staffing’s MAESTRA® engagement technology, along with its client relationships and clinician network, directly onto Career’s AI-powered workforce platform. MAESTRA’s scheduling, credentialing, and communication capabilities will be integrated into Care Career’s existing technology stack, further enhancing clinician engagement across onboarding, scheduling, and career management while providing healthcare organizations with greater workforce visibility and operational efficiency.

“Our vision is to build the AI-powered infrastructure that modernizes healthcare workforce management,” said Siva Konatham, Group President and Chief Executive Officer of Care Career. “Under my leadership, Care Career is focused on transforming a fragmented, labor-intensive industry into a data-driven, technology-enabled ecosystem that improves speed, efficiency, and workforce visibility for healthcare providers. Each acquisition strengthens our platform intelligence, expands our scale, and enhances our margin potential. By integrating advanced analytics, AI automation, and digital engagement tools, we are not just growing revenue—we are building a smarter, more scalable model positioned to lead the next era of healthcare workforce solutions.”

The combined organization will leverage expanded recruiting resources, centralized credentialing, advanced workforce analytics, AI-enabled automation, and digital engagement technologies—all powered by Care Career’s AI-powered workforce platform—to deliver broader recruiting capabilities, faster response times, enhanced workforce insights, and expanded national coverage. Clinicians will benefit from a seamless digital experience that simplifies every stage of their careers—from job discovery and credentialing to onboarding, scheduling, communication, and long-term career development.

With seven strategic acquisitions completed in less than two years, representing the first round of acquisitions now totaling more than $150 million in annual revenue, Care Career has rapidly expanded its national presence while executing a disciplined growth strategy focused on technology integration, operational excellence, and workforce innovation. The company has also signed additional Letters of Intent with other entities with expected close dates in the third quarter of 2026. Upon completion of these transactions, coupled with organic growth, Care Career expects consolidated annual revenue to exceed a quarter of a billion dollars by the end of 2026.

The addition of MAS Medical Staffing further strengthens the organization’s ability to serve healthcare systems, hospitals, long-term care providers, outpatient facilities, and other healthcare organizations across an increasingly diverse geographic footprint.

“The healthcare workforce industry is entering a new era where technology, artificial intelligence, and data-driven decision-making will define the market leaders,” Konatham added. “Every acquisition we complete expands the intelligence of our AI-powered workforce platform, enhances the value we deliver to our clients, and creates more opportunities for clinicians. We believe the combination of exceptional people, innovative technology, and strategic scale positions Care Career to lead the next generation of healthcare workforce solutions.”

About Care Career

Care Career is a technology-enabled healthcare workforce solutions company dedicated to transforming how healthcare organizations recruit, engage, credential, deploy, and retain clinical talent. Powered by its proprietary AI-powered workforce platform and supported by advanced artificial intelligence, enterprise technology, and workforce analytics, Care Career is building an intelligent healthcare workforce ecosystem that connects providers and clinicians more efficiently while improving workforce performance, operational effectiveness, and patient care. Following seven strategic acquisitions over the past 24 months the first round of acquisitions totaling more than $150 million in annual revenue and with additional signed LOIs under contract expected to complete shortly, positioning the company to surpass a quarter of a billion dollars in consolidated annual revenue by the end of 2026, Care Career has become one of the nation’s largest and fastest-growing healthcare workforce organizations, serving healthcare providers and clinicians across the United States.

About MAS Medical Staffing

MAS Medical Staffing is a premier healthcare workforce organization recognized for exceptional service, strong client partnerships, and a commitment to connecting healthcare professionals with rewarding career opportunities. With an established presence throughout the Northeastern United States, MAS Medical Staffing has earned a reputation for quality, responsiveness, and delivering workforce solutions that help healthcare providers meet their evolving workforce needs while supporting clinicians throughout every stage of their careers.

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SOURCE Care Career

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Technology

PointsKash Demonstrates How Businesses Can Build on Bitcoin Without Burdening the Blockchain

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As industry debate surrounding Bitcoin Improvement Proposal (BIP-110) intensifies, PointsKash unveils an architecture designed to work regardless of the proposal’s outcome.

SCOTTSDALE, Ariz., July 24, 2026 /PRNewswire/ — As the global Bitcoin community debates Bitcoin Improvement Proposal 110 (BIP-110) and the future of data stored on the Bitcoin blockchain, PointsKash, Inc. today announced that its next-generation kiosk infrastructure was intentionally designed to operate efficiently under any outcome of the proposal.

Rather than storing operational data directly on the Bitcoin blockchain, PointsKash utilizes a layered architecture that combines Bitcoin‘s unmatched security with modern decentralized communications technology. Every transaction, machine event, system update, and operational record generated across the PointsKash network is cryptographically verified, securely maintained off-chain, and anchored to the Bitcoin blockchain through a single immutable cryptographic proof.

This approach allows thousands of operational events to be permanently verified while utilizing only a minimal amount of blockchain data.

As discussion surrounding BIP-110 has intensified across the digital asset industry, PointsKash believes the debate does not require choosing between innovation and responsible blockchain stewardship.

“The industry has been debating whether businesses can build meaningful applications on Bitcoin without unnecessarily consuming blockchain space,” said Michael Herron, Chief Executive Officer of PointsKash. “We believe we’ve demonstrated that the answer is yes. Bitcoin provides the world’s most trusted immutable timestamp and security layer, while higher-volume operational data belongs on technologies specifically designed to manage it. By combining both, we’ve built an architecture that is scalable, transparent, and future-ready regardless of how the BIP-110 discussion ultimately evolves.”

The company’s infrastructure assigns every kiosk its own unique cryptographic identity, allowing each machine to securely authenticate every transaction and operational event. Those records are then independently verifiable through cryptographic proofs while remaining resistant to alteration or manipulation—even by PointsKash itself.

According to the company, this architecture delivers several significant advantages:

Mathematically verifiable transaction records for regulators, banking partners, auditors, and enterprise customers.Improved network reliability, allowing kiosks to continue operating during temporary connectivity interruptions without losing transaction history.Enhanced cybersecurity, with every machine maintaining its own authenticated identity and secure communications.A scalable blockchain architecture that minimizes on-chain data while preserving complete auditability.

Bitcoin was created to provide trust, security, and permanence—not to become a storage system for every piece of application data,” Herron added. “Our philosophy has always been simple: use Bitcoin for what it does better than anyone else—creating immutable proof that records have never been altered—and leverage modern decentralized technologies for everything else. We believe that’s the future of enterprise blockchain infrastructure.”

PointsKash believes this architecture positions the company among a new generation of fintech innovators utilizing Bitcoin as a secure trust layer while developing scalable financial applications for enterprise deployment.

The technology also establishes the foundation for future blockchain-based financial products currently under development, including enhanced digital audit capabilities, verifiable financial records, enterprise licensing opportunities, and next-generation digital asset infrastructure.

As the Bitcoin ecosystem continues to mature, PointsKash believes its technology demonstrates that responsible innovation and blockchain scalability can successfully coexist—providing enterprise organizations with the confidence to build on Bitcoin without contributing unnecessary data to the network.

About PointsKash, Inc.

PointsKash, Inc. is a financial technology company developing an integrated ecosystem of AI-enabled self-service financial centers, digital banking, digital payment solutions, cryptocurrency services, loyalty rewards, enterprise merchant technologies, and mobile financial applications. Through proprietary software, Artificial Intelligence, and strategic partnerships, PointsKash is building innovative financial solutions designed to empower consumers, merchants, and enterprise organizations throughout North America.

For more information, visit www.pointskash.com.

Media Contact

PointsKash, Inc.
Investor Relations
info@pointskash.com
www.pointskash.com

Forward-Looking Statements

This press release contains forward-looking statements regarding anticipated technology integrations, Artificial Intelligence initiatives, product development, future commercialization plans, expected operational efficiencies, business strategy, and future growth. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect actual results include, but are not limited to, technology development timelines, integration efforts, financing, regulatory developments, market conditions, and other risks facing the Company. PointsKash undertakes no obligation to update any forward-looking statements except as required by applicable law.

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SOURCE PointsKash Inc.

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