Why BIM (Building Information Modelling)
This growth is driven by increasing adoption across various sectors, such as commercial, industrial, and residential construction, as well as the rise of advanced technologies like cloud computing, artificial intelligence, and augmented reality that integrate seamlessly with BIM solutions.
Market Value & Growth
- 2024 Market Value: Estimated at $8.6 billion.
- Projected 2030 Market Value: Expected to reach $24.8 billion, growing at a 16.3% CAGR
- Long-Term Growth: Valuation could hit $29 billion by 2034 with a CAGR of 13%
Skill Gap
- The demand for BIM professionals surged alongside an expanding BIM software market, projected to grow at a compound annual rate of over 16% to reach $30.7 billion by 2027.
- Despite this growth, the gap between available talent and demand remains large with companies.
- The construction sector globally has recognized the need for approximately 217,000 additional skilled workers (including BIM professionals) by 2025 to meet industry demands.
- The shortage of professionals proficient in BIM (Building Information Modeling) tools is a significant challenge for the construction and architectural industries.
51% of MEP and structural engineers currently use BIM on at least half of their projects. This is only going to grow further through the years.
A BIM-skilled professional is paid 40% more on average, compared to other professionals with similar experience.
Career Opportunity
Building Information Modeling (BIM) and Mechanical, Electrical, and Plumbing (MEP) are rapidly growing fields, especially within construction and engineering industries. These sectors are essential for designing, planning, and managing construction projects in a more efficient, sustainable, and cost-effective manner.
Demand & Growth
- Strong demand in developed markets and emerging economies.
- Projected 12% annual growth due to increasing adoption of BIM in construction globally.
- High due to BIM being mandatory in many countries.
Industry Trends
Adoption & Rates
- â—‹ Mandatory BIM usage for government projects in countries like the UK, Singapore, and UAE.
- â—‹ Steady adoption in the US, Europe, and emerging markets like India and Southeast Asia.
- High due to BIM being mandatory in many countries.
Market & Size
- The global BIM market is expected to grow at a CAGR of 14.5%, reaching $10.7 billion by 2030.
- â—‹ MEP contributes significantly, especially for smart cities and green building initiatives.
- High due to BIM being mandatory in many countries.
Job & Growth
- â—‹ BIM MEP roles are expected to grow by 8-15% annually, depending on the region.