Middle East Building Information Modelling Market: Current Analysis and Forecast (2023-2030)

Report Description

The Middle East Building Information Modelling Market was valued at 450 Million in 2022 and is expected to grow at a steady rate of around 7.6% in the forecasted period (2023-2030) owing to the growing demand for sustainable and energy-efficient buildings. Building Information Modelling (BIM) is a digital representation of the physical and functional characteristics of a building or infrastructure project. It is a 3D model-based process that allows architects, engineers, contractors, and owners to collaborate and share information throughout the entire lifecycle of a project. The Middle East BIM market is rapidly growing due to the increasing use of digital technologies in the construction industry, and the need for improved collaboration and communication between stakeholders in the construction process. The BIM market is highly competitive, with a large number of players operating in the space. Major players are adopting strategic alliances such as investments, product launches, and acquisitions, which is also a key factor driving the market’s growth.

Some of the major players operating in the market include Autodesk Inc.; Asite Solutions Limited; AVEVA Group plc; Beck Technology Ltd.; Bentley Systems Inc.; Dassault Systèmes SE; Hexagon AB; Nemetschek SE; Pentagon Solutions Ltd.; and Trimble Inc.

Insights Presented in the Report

“Amongst offerings, software category to witness significant market growth during the forecast period.”

Based on the offerings, the market is bifurcated into software and services. Among these, the software segment is leading the maximum share of the market, driven by the increasing adoption of digital technologies in the construction industry and the growing demand for improved collaboration and communication between stakeholders. For instance, in Feb 2023, Bechtel and Abu Dhabi National Oil Company (ADNOC) signed a collaboration agreement to explore the use of BIM technology in the design and construction of ADNOC’s oil and gas projects.

“UAE to hold a significant share in the market.”

UAE is anticipated to hold a significant share of the market in the forecasted year because the construction industry in the UAE is increasingly adopting digital technologies, such as BIM, to improve efficiency and productivity. Moreover, there is a growing demand for sustainable and energy-efficient buildings in the UAE, and BIM is helping architects and engineers design and build such structures. BIM allows for the analysis of various building design options and the optimization of energy efficiency, reducing the environmental impact of buildings, therefore this factor is proliferating the growth of the market. For instance, Dubai Municipality announced in 2021 that it will require all construction projects in the emirate to use BIM technology by 2023. The move is part of the Dubai 3D Model project, which aims to create a 3D digital twin of the city to improve urban planning and management.

Middle East Building Information Modelling Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive country level analysis of the industry.

Customization Options:

The Middle East Building Information Modelling market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Middle East Building Information Modelling Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the Middle East Building Information Modelling market were the three major steps undertaken to create and analyze the adoption of Middle East Building Information Modelling in major countries. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Middle East Building Information Modelling market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Middle East Building Information Modelling market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Middle East Building Information Modelling market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major countries. Major segments are included in the report as offering and applications. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that country.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Middle East Building Information Modelling market. Further, we conducted factor analysis using dependent and independent variables such as various offering and applications of The Middle East Building Information Modelling. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Middle East Building Information Modelling market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Middle East Building Information Modelling market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Middle East Building Information Modelling market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Middle East Building Information Modelling market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Country Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Countries

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Middle East Building Information Modelling market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of offering and applications in the Middle East Building Information Modelling market.

The main objective of the Middle East Building Information Modelling Market Study

The current & future market trends of the Middle East Building Information Modelling market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Middle East Building Information Modelling market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of offering and applications.
• Define and analysis of the regulatory framework for the Middle East Building Information Modelling industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Middle East Building Information Modelling market for the major country.
• Major countries of countries studied in the report include UAE, Egypt, Saudi Arabia, Kuwait, and Rest of Middle East region.
• Company profiles of the Middle East Building Information Modelling market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive country level analysis of the industry

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