The global revenue in the 'Construction and Design Software' segment of the software market was forecast to continuously increase between 2024 and 2029 by in total 929.8 million U.S. dollars (+8.62 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 11.7 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Construction and Design Software' segment of the software market was continuously increasing over the past years.Find more information concerning Portugal and Spain. The Statista Market Insights cover a broad range of additional markets.

The report covers Global Construction Management Software Market Share & Growth. The market is segmented by Deployment (On-Premises and Cloud), Application (Project Management and Scheduling, Safety and Reporting, Project Design, Field Service Management, and Cost Accounting and Construction Estimation), and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

The revenue in the 'Construction and Design Software' segment of the software market in North America was forecast to continuously increase between 2024 and 2029 by in total 232 million U.S. dollars (+3.98 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 6.1 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Construction and Design Software' segment of the software market was continuously increasing over the past years.Find more information concerning Austria and France. The Statista Market Insights cover a broad range of additional markets.

The size and share of the market is categorized based on Application (Architects, Designers, Hobbyists, Other) and Product (Cloud-based, On-premises) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The revenue in the 'Construction and Design Software' segment of the software market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 70.9 million U.S. dollars (+12.56 percent). After the seventh consecutive increasing year, the revenue is estimated to reach 635.59 million U.S. dollars and therefore a new peak in 2029. Find more information concerning Denmark and Lithuania. The Statista Market Insights cover a broad range of additional markets.

Snapshot img

Architectural Engineering And Construction (AEC) Software Market Size 2024-2028

The architectural engineering and construction (AEC) software market size is forecast to increase by USD 7.07 billion at a CAGR of 12% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. One major trend is the increasing adoption of cloud-based solutions, which offers advantages such as real-time collaboration and access to large data sets. This is particularly relevant to city planning services, real estate development, and the construction of data centers, transportation infrastructure, highways, aviation facilities, and e-commerce warehouses.
Additionally, another growth driver is the need for interoperability between different software systems to streamline workflows and improve project efficiency. However, challenges remain, including data security concerns and the complexity of implementing new technologies. Despite these hurdles, the future of the AEC software market looks promising, with continued innovation and investment in advanced technologies such as artificial intelligence and the Internet of Things (IoT) set to transform the industry.

What will be the Size of the Market During the Forecast Period?

Request Free Sample

The architectural engineering and construction (AEC) industry is undergoing a significant digital transformation, with software playing a pivotal role in streamlining processes and improving efficiency. This transformation is driven by various factors, including the adoption of sustainable building practices, the need for project management and construction management solutions, and the integration of emerging technologies such as building information modeling (BIM), 3D printing, and artificial intelligence (AI). Design software is a crucial component of the AEC industry, enabling architects and engineers to create detailed plans and models for buildings and infrastructure projects.
Additionally, project management software, on the other hand, helps construction companies manage resources, schedules, and budgets more effectively. Construction management software facilitates collaboration between different stakeholders, ensuring that projects are completed on time and within budget. Digital transformation in the AEC industry is also leading to the adoption of cloud-based solutions. These solutions offer several advantages, including increased flexibility, scalability, and accessibility. However, on-premises deployment remains a popular choice for some organizations due to security concerns and the need for greater control over their data. The integration of AI in AEC software is a growing trend, with applications ranging from predictive maintenance and energy optimization to automating repetitive tasks and improving design processes.
Moreover, AI is also being used to analyze data from drones and virtual reality (VR) to enhance project visualization and site surveying. Sustainable building practices are becoming increasingly important in the AEC industry, with renewable energy and green construction being key areas of focus. AEC software is playing a critical role in this area, enabling the design and implementation of energy-efficient buildings and infrastructure projects. The learning curve associated with implementing new AEC software can be a challenge for some organizations. However, the benefits of digital transformation far outweigh the initial investment and training costs. With the right software solutions in place, AEC firms can improve productivity, reduce errors, and enhance collaboration between teams.
In summary, the AEC services market includes architectural services, engineering services, and construction services. Each of these segments is adopting software solutions at different rates, with engineering services leading the way due to the need for precise calculations and simulations. However, architectural and construction services are also investing in software to improve design processes and project management. Infrastructure projects, including public infrastructure, residential construction, commercial construction, and industrial construction, are all benefiting from the adoption of AEC software. The use of software is enabling more efficient design and construction processes, as well as improved collaboration between stakeholders.
In conclusion, the AEC software market is experiencing significant growth as organizations in the industry continue to embrace digital transformation. From design software and project management solutions to cloud-based offerings and AI integration, software is playing a critical role in improving efficiency, reducing costs, and enhancing collaboration in the AEC industry.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and

According to Cognitive Market Research, the global Steel Structural Design Software market size will be USD 6124.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 2449.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1837.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1408.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 306.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 122.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
The Construction category is the fastest growing segment of the Steel Structural Design Software industry

Market Dynamics of Steel Structural Design Software Market

Key Drivers for Steel Structural Design Software Market

Rising Urbanization and Infrastructure Development to Boost Market Growth

The need for infrastructure projects including commercial buildings, industrial facilities, and bridges is rising due to rapid urbanization and the emergence of smart cities. These projects call for sophisticated design solutions. Large-scale infrastructure projects are being funded by both public and private sectors in rising nations, which is increasing the demand for steel structural design software to guarantee the stability and strength of the structures. Approximately 4.4 billion people, or 56% of the world's population, live in cities, according to World Bank data. By 2050, over seven out of ten people will live in cities as a result of this trend, with the urban population predicted to have more than doubled from its current level.

Rising Product Launch to Drive Market Growth

The growing product launches are expected to drive the market growth over the projected period. For instance, in March 2023, the most recent versions of Trimble's Tekla® software for structural engineering, steel fabrication management, and constructible building information modeling (BIM) were released. Tekla Structural Designer 2023, Tekla Tedds 2023, Tekla Structures 2023, and Tekla PowerFab 2023 all provide notable increases in the output, effectiveness, and caliber of building. The bar for automated and connected workflows across project phases and stakeholders is raised by the most recent Tekla software. Significant performance improvements in the most recent Tekla versions allow for more seamless information transmission on projects, which are usually getting bigger and more complex. Enabling various stakeholders to consult, consume, and feed data into the models in connected processes requires robust software performance.

Restraint Factor for the Steel Structural Design Software Market

High Cost and Complexity in Software Use will Limit Market Growth

For small and medium-sized businesses (SMEs) in the engineering and construction industries, the initial costs associated with acquiring and utilizing steel structural design software may be unaffordable. More complex capabilities like simulation, 3D modeling, and BIM integration are frequently more expensive, which makes them less accessible to smaller businesses that might instead choose manual or less expensive design solutions. Furthermore, a lot of structural design software systems are extremely complex and need specialist skills to operate well. Adoption may be hampered by its complexity, particularly in companies with underqualified staff. To become proficient with these tools, engineers and designers frequently require in-depth training, which raises operating expenses and slows acceptance. Smaller businesses can find it difficult to finance this training expenditure.

Impact of Covid-19 on the Steel Structural Design Software Market

The COVID-19 epidemic had a significant impact on the Steel Structural Design Software Market, influencing both short- and long-term industry ...

The revenue in the 'Construction and Design Software' segment of the software market in Germany was forecast to increase between 2024 and 2029 by in total 20.8 million U.S. dollars (+4.39 percent). This overall increase does not happen continuously, notably not in 2029. The revenue is estimated to amount to 494.13 million U.S. dollars in 2029. Find further information concerning Austria and Switzerland. The Statista Market Insights cover a broad range of additional markets.

The Construction and Design Software market is experiencing robust growth, driven by increasing adoption of Building Information Modeling (BIM) and the need for enhanced collaboration and efficiency across the construction lifecycle. The market size in 2025 is estimated at $15 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the rising complexity of construction projects necessitates sophisticated software solutions for project management, estimation, safety management, and bid management. Secondly, the increasing adoption of cloud-based solutions enhances collaboration among stakeholders and improves data accessibility. Thirdly, technological advancements such as Artificial Intelligence (AI) and Internet of Things (IoT) integration are improving the accuracy and efficiency of design and construction processes, further driving market expansion. The market is segmented by software type (Project Management, Construction Estimation, Safety & Reporting, On-Across Bid Management, Others) and application (Architects, Remodelers, Others). While the North American market currently holds a significant share, rapid growth is anticipated in regions like Asia Pacific due to increased infrastructure development and urbanization. However, high initial investment costs and the need for specialized expertise can act as restraints on market penetration, particularly among smaller firms. The continued adoption of BIM methodologies and the integration of advanced technologies such as AI and machine learning are poised to further accelerate market growth. The leading players in the market, including Constellation Software Inc., Autodesk, Inc., and Bentley Systems, Inc., are actively investing in research and development to enhance their software offerings and expand their market reach. This competitive landscape is fostering innovation and driving the development of more user-friendly, integrated, and efficient solutions for the construction and design industry. The market is expected to witness significant consolidation in the coming years as larger players acquire smaller firms to strengthen their market position and expand their product portfolios. The projected market value by 2033 is estimated to be over $45 billion, reflecting the substantial growth potential of this dynamic sector.

The size and share of the market is categorized based on Architectural Design Software, Structural Engineering Software, MEP Engineering Software, Construction Management Software, Facility Management Software (Architectural Design & Planning, Structural Analysis & Design, HVAC & Plumbing Design, Clash Detection & Coordination, Construction Planning & Management, ) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The revenue in the 'Construction and Design Software' segment of the software market in France was forecast to increase between 2024 and 2029 by in total 2.7 million U.S. dollars (+1.02 percent). This overall increase does not happen continuously, notably not in 2028 and 2029. The revenue is estimated to amount to 267.89 million U.S. dollars in 2029. Find further information concerning Belgium and the Netherlands. The Statista Market Insights cover a broad range of additional markets.

The size and share of the market is categorized based on Application (Home design, Project planning, Cost estimation, Construction management) and Product (3D modeling software, BIM software, Project management tools, CAD software, Estimating software) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The global Preconstruction Software market size was valued at USD XX million in 2025 and is projected to reach USD XX million by 2033, exhibiting a CAGR of XX% during the forecast period. The market's growth is attributed to the increasing adoption of digital technologies within the construction industry, the need to streamline preconstruction processes, and the rising demand for real-time data and collaboration tools. The market is segmented based on Type into Project Estimating Software, Design Management Software, Tender and Bidding Management Software, and Others. The Project Estimating Software segment held the largest market share in 2025, and it is expected to maintain its dominance throughout the forecast period. This growth is attributed to the increasing need for accurate cost estimates in the preconstruction phase. The Design Management Software segment is also anticipated to experience significant growth due to the rising demand for 3D modeling and visualization tools. Geographically, North America is the largest market for Preconstruction Software, followed by Europe and Asia Pacific. The adoption of advanced construction technologies in these regions is driving the market's growth.

Snapshot img

3D Computer Aided Design Software Market Size 2025-2029

The 3D computer aided design (CAD) software market size is forecast to increase by USD 5.09 billion, at a CAGR of 7.1% between 2024 and 2029.

The market is witnessing significant growth due to the high adoption of this technology in various industries, such as semiconductor, medical devices, packaging, construction, and industrial design. The emergence of new technologies, including virtual reality, prosthetics, medical imaging, automation, artificial intelligence, additive manufacturing, and PLM software, is driving market growth. Furthermore, the increasing availability of open-source and free versions of 3D CAD software is making it accessible to a larger customer base. In addition, digital transformation is pushing businesses towards implementing advanced technologies for data security and multi-factor authentication. Analytics is another trend that is gaining traction in the market, enabling businesses to gain valuable insights from their data. The market is expected to continue its growth trajectory in the coming years, offering numerous opportunities for companies and stakeholders.

What will be the Size of the 3D Computer Aided Design (CAD) Software Market During the Forecast Period?

Request Free Sample

The market encompasses solutions for creating and manipulating solid and surface models in a three-dimensional environment. This market caters to various industries, including automotive, packaging machines, mechatronic engineering, and architecture, engineering, and construction (AEC). Advanced 3D CAD software facilitates the design, simulation testing, data management, and collaboration requirements of professionals such as designers, engineers, and architects. Recent trends in the 3D CAD software market include cloud-based deployment and mobile-friendly solutions, enabling remote work and real-time collaboration.
Additionally, the integration of 3D modeling, 3D printing, virtual reality, and virtual prototypes enhances the design process and facilitates communication between stakeholders. The automotive sector benefits from 3D CAD software for designing automotive products, while the AEC industry uses it for creating 3D models of buildings and structures. Overall, the 3D CAD software market continues to grow, driven by the increasing demand for advanced design tools and the need for efficient collaboration and data management solutions.

How is this 3D Computer Aided Design (CAD) Software Industry segmented and which is the largest segment?

The 3D computer aided design (CAD) software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Deployment

  On-premises
  Cloud


Application

  Manufacturing
  AEC
  Automotive
  Healthcare
  Others


Sector

  Large enterprises
  Small and medium enterprises (SMEs)
  Freelancers and individual designers


Pricing Scheme

  Subscription-based (SaaS)
  Perpetual license
  Pay-per-use


Geography

  North America

    Canada
    US


  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France
    Italy


  South America



  Middle East and Africa

By Deployment Insights

The on-premises segment is estimated to witness significant growth during the forecast period. 3D Computer-Aided Design (CAD) software enables professionals in various industries to create and modify 3D models for design, engineering, and manufacturing purposes. Traditional on-premises 3D CAD software is installed and operated on local computers or servers, providing users with full control over the software and customization options. This model is ideal for businesses with strong IT capabilities and the financial resources to cover hardware costs and maintenance expenses. On-premises deployment ensures data security and privacy, as information is stored locally instead of in the cloud. The automotive sector, mechatronic engineering, packaging machines, and industrial design industries utilize 3D CAD software for designing automotive products, components, and machines.
Cloud-based and mobile-friendly solutions offer flexibility and remote work capabilities, while 3D printing technologies enable the creation of 3D printable models. In the arts industry, designers, engineers, architects, and professionals use 3D models for buildings, construction, and engineering projects. Virtual reality technology and artificial intelligence enhance the design process, offering advanced simulation testing, data management, and virtual prototyping capabilities. Key industries like healthcare, oil and gas, and the AEC industry also benefit from 3D CAD software, utilizing it for medical devices, patient anatomy, medical imaging data, and

As per Cognitive Market Research's latest published report, the Global Geotechnical Engineering Software market size will be $843.85 Million by 2028. Geotechnical Engineering Software Industry's Compound Annual Growth Rate will be 7.40% from 2023 to 2030.

The North America Geotechnical Engineering Software market size will be USD 322.43 Million by 2028.

What is Driving Geotechnical Engineering Software Market?

Rising Building & Construction industry

Global Building & Construction industry is particularly creating the positive impact and this industry is expected to grow above global gross domestic product (GDP) growth over the next decade. The building & construction sector is one of the largest industries in the world economy. Building & Construction industry spending worldwide amounted to 11.4 trillion U.S. dollars. Building & Construction expenditures are expected to reach 14 trillion U.S. dollars in 2025. The key trend in the global construction industry is the significant growth of Building & Construction sector in emerging markets such as India, China, Vietnam, Australia, and Indonesia.

Global Building & Construction industry get opportunities in residential, non-residential and infrastructure. The main reason behind the growth of this market is increasing housing starts and rising infrastructure due to the increasing urbanization and the growing population. Furthermore, there are some factors which help to grow this industry such as population increase in emerging countries, necessary upgrades to infrastructure in developed countries, the trend towards increased residential development, and expected investments in renewables and telecommunications. Moreover, rising demand from the road sector and commercial infrastructure, boost the growth of construction sector across the globe.

The growth in construction industry anticipates to boost the market of geotechnical engineering software as it has wide array of applications in these sectors. The software is primarily used to analyze soil and rock deformation and stability, soil structure interaction and groundwater. All these parameters are very crucial before starting any construction site. Hence, rise in building and construction industry drives the demand of geotechnical engineering software market.

Restraints for Geotechnical Engineering Software Market

High cost of geotechnical engineering software.(Access Detailed Analysis in the Full Report Version)

Opportunities for Geotechnical Engineering Software Market

Increasing urge to extract crude oil.(Access Detailed Analysis in the Full Report Version)

What is Geotechnical Engineering Software?

The geotechnical software is designed to resolve geotechnical issues such as slope stability, seismic analysis, rock and soil interactions, excavation in mining sector and underground excavations.

Geotechnical engineering is a branch of civil engineering which has application in military, mining, petroleum, geological sectors and it resolves geotechnical challenges which boost the operations optimizing business of end-user industries. There various modern and advanced geotechnical software that shows higher performance and efficacy in the operation of geotechnical engineering process.

The powerful 2D, 3D software such as RS 2D, 3D Geo5 software used for slope stability, seismic analysis, underground and building material construction, excavation.

The geotechnical software has wide range applications in the mining, geology, offshore construction, oil and gas, petroleum industry. The geotechnical software uses finite element, modern programming method that provides cost-effective and increased efficiency in the operation.

The market has robust or strong presence across globe due to rising excavation, mining, geological engineering activities. There is higher demand for geotechnical software in varied applications due to its modern technology adopted in the design of software and its operations.

The increasing mining, geotechnical engineering applications boost the growth of market. The geotechnical engineering software deployed on cloud based and on-premise deployment environment. The geotechnical software runs its programs on Linux and Windows operating system.

Snapshot img

Building Information Modeling Software Market Size 2025-2029

The building information modeling (BIM) software market size is forecast to increase by USD 13.1 billion at a CAGR of 24.8% between 2024 and 2029.

The market is experiencing significant growth due to the increasing need for managing large-scale construction projects more efficiently. BIM technology enables stakeholders to collaborate on a single digital model, reducing errors, enhancing communication, and streamlining the project delivery process. A key trend driving market expansion is the adoption of 5D BIM, which adds time and cost dimensions to traditional 3D BIM models, providing more comprehensive project insights. The entire construction process and building lifecycle can be streamlined with the help of this 3D mapping and modeling, which enables architects to work with other professionals like engineers and contractors. However, the high implementation and operating costs associated with BIM software remain a challenge for small and medium-sized enterprises (SMEs) and some large organizations. Despite this hurdle, the market presents numerous opportunities for companies offering cost-effective solutions, training services, and consultancy.
Additionally, the increasing adoption of BIM in various industries, such as architecture, engineering, and construction, is expanding the market's reach and potential. IoT sensors and facility management systems can be integrated with BIM software for seamless maintenance and ongoing operations. Companies seeking to capitalize on these opportunities should focus on providing innovative, user-friendly, and cost-effective BIM solutions while addressing the challenges of implementation and training to cater to the evolving needs of their clients.

What will be the Size of the Building Information Modeling (BIM) Software Market during the forecast period?

Request Free Sample

The market encompasses solutions that enable digital representations of buildings and infrastructure projects. These tools facilitate cost estimation, budgeting, and cost control, as well as construction schedules and sequencing plans. BIM technology is increasingly adopted by contractors and construction operations in both the commercial and residential sectors for planning and modeling, as well as project visualization and decision-making processes. Government mandates and the growing emphasis on digital technology in the construction sector drive market growth. BIM solutions can be delivered on-premise or cloud-based, with additional capabilities including IoT sensors for facility management and maintenance.
Initial expenditure on BIM software can be substantial, but the long-term benefits of improved efficiency, accuracy, and collaboration make it a valuable investment for the construction industry.

How is the Building Information Modeling (BIM) Software Industry segmented?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Architects
  AEC engineering offices
  Contractors
  Facility managers
  Others


Deployment

  On-premises
  Cloud-based


Type

  Construction
  Pre-construction
  Post-construction


Application

  Commercial
  Industrial
  Public infrastructure
  Residential


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America



  Middle East and Africa

By End-user Insights

The architects segment is estimated to witness significant growth during the forecast period. The market plays a significant role in the construction sector, particularly for architects. BIM technology enables architects to construct digital representations of buildings, integrating design, construction, and operational data. This approach facilitates collaboration among professionals, including engineers and contractors, to optimize construction operations and building life cycles. Architects utilize BIM software to create detailed 3D models, enabling efficient decision-making processes, cost estimation tools, budgeting, cost control, construction schedules, sequencing plans, and facility management.

Digital technology, including virtual reality (VR) and augmented reality (AR), enhances project visualization, and IoT sensors support maintenance and asset management. The market offers deployment modes like on-premise and cloud-based solutions, catering to various building types and project life cycles.

Get a glance at the market report of share of various segments Request Free Sample

The Architects segment was valued at USD 1.24 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North A

The Building Information Modeling (BIM) software market is projected to reach a value of $11.1 billion by 2033, exhibiting a CAGR of XX% during the forecast period of 2025-2033. The growth of the market is attributed to the increasing adoption of BIM technology by architects, engineers, and contractors for its ability to streamline project design, construction, and management processes. Key market drivers include the rising demand for smart infrastructure development, government initiatives to promote BIM adoption, and the increasing adoption of cloud-based BIM solutions. The adoption of BIM allows for better collaboration among stakeholders, reduced project costs, and improved project quality and efficiency. The market is segmented based on software model, application, end-user, and region. The 3D software model segment is expected to witness significant growth due to its widespread adoption in the architecture and engineering industry. The building construction application segment currently dominates the market and is expected to maintain its dominance throughout the forecast period. North America and Europe are expected to remain the largest regional markets for BIM software, followed by the Asia Pacific region. Recent developments include: March 2022, Autodesk Inc. announced Bridge, a new collaboration capability that allows construction teams to communicate important data with project stakeholders regardless of whether they are on the same team or building project within the Autodesk Construction Cloud. Bridge allows teams to share certain sheets, folders, and files with collaborators without having to share the entire project's data set, giving teams autonomy over their separate data sets., November 2020 - Autodesk Inc. has announced the integration of Bridgit Bench's Workforce Management Capabilities with Autodesk Cloud Construction. BIM 360 and Building Connected Integrations are powered by the construction cloud. This interface is expected to reduce double input and discrepancy mistakes, as well as improve resource management cloud and BIM 360., March 2021, Bentley Systems Inc. has agreed to buy Seequent, a pioneer in 3D modeling software for geoscience and building information monitoring. A price of US$1.05 billion was agreed upon for the sale., October 2019, Beck Technology Ltd collaborated with Procore Technologies, Inc., a construction management software vendor, to ensure a smooth workflow. This collaboration increases the builders' output., April 2020 - A new BIM solution introduced by Nemetschek AG and Spacewell in conjunction with the Integrated Workplace Management System (IWMS) program. This is anticipated to assist the project team and owner in managing and operating buildings using digital BIM data, intelligence, and visualization., March 2020 - Trimble Inc. has released a new edition of its Tekla structural engineering, building information modeling, and steel fabrication management software. It promotes better collaboration, permits information to flow freely, and aids in creating, designing, and overseeing the operational lifecycle., October 2019, Beck Technology Ltd collaborated with Procore Technologies, Inc., a construction management software vendor, to ensure a smooth workflow. As a result of this relationship, builders are more productive., July 2019, Integrated Environmental Solutions Limited (IES Ltd) launched the latest version of its Virtual Environment software. The software was developed to simplify the approach and reduce simulation time for construction processes; it is also used for the development of building models.. Key drivers for this market are: Growing urbanization and large-scale infrastructure projects, especially in emerging economies, are fueling demand for BIM solutions.. Potential restraints include: The initial cost of BIM software and training can be prohibitive for small and medium-sized enterprises (SMEs). Notable trends are: Increasing adoption of cloud-based platforms facilitates remote collaboration and real-time data access.